In using Excel® to solve linear programming problems, the objective cell represents the: a. constraints b. decision variables c. total cost of the model d. value of the objective function
Q: Case Study In 2002, Markus Braun, a German entrepreneur, joined Wirecard, a small financial…
A: The story of Wirecard, a German financial technology company, and its former CEO Markus Braun are…
Q: Discuss the three main parts of short composition.
A: A short composition consists of three parts which include introduction, body and conclusion. The…
Q: Suzuki Robotics (SR) manufactures two lightweight robots designed for easier house-cleaning. The…
A: The model is formulated and solved in Excel as shown below.
Q: The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF supplies hot…
A: Here, I need to determine the optimal run size, the number of runs for each year and the number of…
Q: a primary function is to guide the system by decision making a. employee b. producer c.…
A: Decision-making can be defined as the process used to determine the best course of action from the…
Q: 9. If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an…
A: Annual demand refers to the aggregate demand for a particular product at given price level by the…
Q: A skincare company has a weekly order of 100 units of their retinol cream. They are considering…
A: Based on a cost-benefit analysis, a make or buy decision is made on whether to produce a good or…
Q: Each product contains a different amount of two basic raw materials. Raw material 1 costs $0.50 per…
A: Find the Given details below: Given details: Knife Raw Material 1 Raw Material 2 Selling price…
Q: Management is trying to decide how many repair persons to hire, and has asked you for cost data. b.…
A: Queueing theory is a branch of mathematical modeling that studies the behavior of queues. It has…
Q: put answers in paragrapgh form
A: Investing resembles an intricate dance, balancing risk and reward, where thoughtful strategy is…
Q: You work for B&B Import and Export Incorporated, who just acquired a new business, Agro Smart…
A: A new business, Agro Smart Suppliers, a Canadian distributor of outdoor power equipment such as…
Q: 1. What is business law?
A: Commercial law or business law is the assortment of law which oversees business and trade and is…
Q: Problem #2-Freeze Inc. is planning the implementation of a new sales offices in the Tampa - FL area…
A: ES = maximum (EF of all immediate predecessor) EF = ES + duration Minimum project duration = largest…
Q: The three-station work cell illustrated in the figure below has a product that must go through one…
A: To find the bottleneck time of the system, we need to identify the station with the lowest capacity,…
Q: Briefly explain how the officer collects the sample based on stratified sampling. State two mistakes…
A: The questions can be answered as follows:
Q: Jason Chu is considering starting a children's fashion boutique. However, he has only a limited…
A: PLEASE BE NOTED THIS QUESTION CANNOT BE SOLVED WITH EXCEL. 1) Formulate Excel model as follows:
Q: 5. JoAnna is the Foodservice Director at Reading Hospital. She has started a new menu program…
A: SOLUTION: Contributions $8per gust . Selling price = Product cost + contributions margin
Q: Can you provide more in-dept answers?
A: Introduction: Developing distribution strategies in alignment with Apple's strategic focus is…
Q: 1. Find 5 possible types of writing materials found in your house. 2. Write down the key features to…
A: Ans. There are a lot of writing materials that can be used for writing and available at home. Some…
Q: 3. A bakery buys flour in 25-pound bags. The bakery uses 1,215 bags a year. Ordering cost is $10 per…
A: EOQ is the quantity at which both ordering cost and holding cost becomes equal and the quantity…
Q: Part 1: Managed Care Advantages and Disadvantages List 2 advantages and 2 disadvantages of health…
A: Managed care is a group of organizations that bring down the cost of medical expenses by providing…
Q: ORDER DUE DATE LEAD TIME REMAINING (DAYS) A 185 20 В 195 20 C 205 20 Today's Date is Day 175. Orders…
A: Critical Ratio: Is an index of the relative priority of order to other orders at a Work CenterBased…
Q: What can't be done online?
A: Generally speaking, being "online" means having access to the internet or actively participating in…
Q: Explain the concept of courtesy from the Batho Pele principles and give an example on how you can…
A: Batho Pele was introduced because a public service that was not people-friendly and lacked the…
Q: Chapter4: Leadership Ess tials 1.Position Statement 2.Introduction (what is the topic/ what does it…
A: Position Statement There are no 2 ways around it: Management is hard work. Yet, the genuine…
Q: In an attempt to make profits, the ENTREPRENEUR performs: • Supply the necessary capital • Organize…
A: Entrepreneurship is the process of identifying, exploring, and pursuing opportunities to start and…
Q: Is dynamic programming used in any real-world contexts?
A: Dynamic programming is the mathematical and computer programming method. This method is all related…
Q: 5. "Sleep time" is a business that requires timber and other raw materials from the primary sector.…
A: 5. A resource market is defined as a market where the businesses can go and procure the resources to…
Q: You work for B&B Import and Export Incorporated, who just acquired a new business, Agro Smart…
A: Operations management is a field of business concerned with the design, planning, coordination, and…
Q: Indicate the date of the first deficit that occurred during the contracting period. *
A:
Q: A. We can use Prim's algorithm to solve the MS programming (DP). B. We can use Kruskal's algorithm…
A: A minimum spanning tree (MST) is a subset of the edges of an associated weighted undirected chart…
Q: The original duration is 16 weeks. A+D+G B+E+G C+f www 14 16 7 Activity A B C D E F G Normal Cost…
A: Project crashing is a process which reduces the total duration of the project resulting in…
Q: ••• 1.9 Brown's, a local bakery, is worried about increased costs-particularly energy. Last year's…
A: Productivity is measured by apportioning output by input in a particular time period. Production…
Don't Hand writing in solution.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Lemingtons is trying to determine how many Jean Hudson dresses to order for the spring season. Demand for the dresses is assumed to follow a normal distribution with mean 400 and standard deviation 100. The contract between Jean Hudson and Lemingtons works as follows. At the beginning of the season, Lemingtons reserves x units of capacity. Lemingtons must take delivery for at least 0.8x dresses and can, if desired, take delivery on up to x dresses. Each dress sells for 160 and Hudson charges 50 per dress. If Lemingtons does not take delivery on all x dresses, it owes Hudson a 5 penalty for each unit of reserved capacity that is unused. For example, if Lemingtons orders 450 dresses and demand is for 400 dresses, Lemingtons will receive 400 dresses and owe Jean 400(50) + 50(5). How many units of capacity should Lemingtons reserve to maximize its expected profit?1. If constraint has a shadow price of $6, Right-Hand-Side (RHS) is 12, allowable increase is 2, allowable decrease is 4. How would objective function change if the RHS of this constrains changes from 12 to 9? Answer___________In problems involving maximization and minimization, what is the objective function? States intended outcome in equation form Incorporates constraint of maximum budget Lists set of potential restrictions on the solution Cites constraints to ensure objectivity
- Please do not give solution in image format thanku4. Explain how the logit model overcomes the problems associated with the Linera Probability Model in binary dependent variaraile model.LPP Model Maximize P = 12x + 10y Subject to : 4x + 3y < 480 2x + 3y < 360 X, y 2 0 Which of the following points (x, y) is feasible? A) ( 120, 10) B ( 30, 100 ) c) ( 60, 90 ) D) ( 10, 120 )
- Chikana Company produces and sells rattan baskets. The number of drifts produced are the corresponding total production costs for six months, which are representatives for the year, are as follows: Month Units Produced Production Costs P 4,000 8,000 6,000 7,500 8,500 7,250 April Мay 500 700 June 900 July August September 600 800 550 Required: Solve for the variable and fixed cost component using: a.) High- Low Method b.) Least- Squares RegressionProblem 7-41 Southern Oil Company produces two grades of gasoline: regular and premium. The profit contributions are $0.30 per gallon for regular gasoline and $0.50 per gallon for premium gasoline. Each gallon of regular gasoline contains 0.3 gallons of grade A crude oil and each gallon of premium gasoline contains 0.6 gallons of grade A crude oil. For the next production period, Southern has 18,000 gallons of grade A crude oil available. The refinery used to produce the gasolines has a production capacity of 50,000 gallons for the next production period. Southern Oil's distributors have indicated that demand for the premium gasoline for the next production period will be at most 20,000 gallons. a. Formulate linear programming model that can be used to determine the number of gallons of regular gasoline and the number of gallons of premium gasoline that should be produced in order to maximize tota profit contribution. If required, round your answers to two decimal places. L Let R = P =…Suppose we are solving a maximization problem andthe variable xr is about to leave the basis.a What is the coefficient of xr in the current row 0?b Show that after the current pivot is performed, thecoefficient of xr in row 0 cannot be less than zero.c Explain why a variable that has left the basis on agiven pivot cannot re-enter the basis on the next pivot.
- write a linear program that will maximize profits. You don’t need to solve it. Hint: Define your variables as: Xij = tons of commodity i loaded into cargo hold ji need the answer quicklyDetermine the pivot element in the simplex tableau. (If there is more than one correct pivot element, choose the element with the smaller row number.) X1 X2 X3 S1 S2 3 4 2 1 15 1 20 -8 -3 10 1 row column N O O