Karamoja University has decided to build four buildings to house four departments.They have called for tenders from approved contractors for constructing thebuildings. The scrutiny committee quotations for accounts felt that quotations ofcontractors A, B, C and D are reasonable and they decided to reject the remainingones. The following table gives quotations in million shilling units of constructing thefour buildings by the four respective contractors.BuildingsIII30283234ContractorsIVA10242220261516121210(a) What decision the committee should make so that the amount to be spent bythe University on construction is the minimum?NO6

The question is related to the Assignment Problem of minimization. This can be solved by Hungarian…

Answered: Karamoja University has decided to…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Give description of the following international hotels: 1. The Upper House (Hong Kong) 2. Andronis Luxury Suites (Greece) 3. The Lover’s Deep St. Lucia Submarine – The Underwater Hotel (Carribean Islands) 4. Palms Casino Resort (Las Vegas) 5. The Plaza Hotel (New York) note: sample in the photo attached
Problem 2. An electric switch manufacturing company has to choose one of three different assembly methods. Method A will have first cost of $ 40,000, an annual operating cost of $9,000 and a service life of 2 years. Method B will cost $80,000 to buy and will have an annual operating cost of $6,000 over its 4 year service life. Method C will cost $130,000 initially with an annual operating cost of $4,000 over its 8-year life. Methods A and B will have no salvage value, but method C will have some equipment worth an estimated $12,000. Which method should be selected? Use present worth analysis at an interest rate of 10% per year.
A construction company Y is considering to participate in the tendering process forbuilding a toll bridge. The duration of the construction project is 5 years. The successfultenderer is allowed to collect toll from the bridge users after the completion of the projectand subsequently will be responsible for maintaining the bridge. The expected cash flowtransactions from this project are as follows:• Receive bank loan of RM 2,000,000 now• Annual material expenses of RM 200,000 in year 1 and expected to increase by RM20,000 per year until year 5• Annual bridge maintenance cost of RM 70,000 from year 6 until end of bridge life• Annual bank loan payment of RM 500,000 starting from the first year until at theend of year 10• Progress payment received from the government: RM 4,000,000 (end of year 3)and RM 8,000,000 (end of year 5)• Toll revenue of RM 500,000 per year from year 6 until year 10 a) Construct cash flow diagram to summarize the above transactions. b) Another company is interested…
Roman ltd, manufacturers of alcoholic drinks have been heavily hit by the virus. Their major sales over the years have come from demands from customers during occasions like weddings, funerals, naming ceremonies, clubs, and other large social gatherings. The company could sell over twenty thousand bottles of alcoholic drinks in a week. Following the initial ban on social gatherings and the current restrictions on large gatherings, demand has reduced drastically to just two thousand bottles a week. The company has been forced to temporary lay off about 70% of their total workforce and even lack the financial strength to give them any stimulus packages. The Management met the union leaders and ordered them to inform their members to stay home until further notice. One vocal member of the unions, Mr. Wilson informed Management of the unfair treatment meted out to the staff, i.e no financial packages, no support whatsoever and demanded from Management to support the staff. The…
ngaged couple Marina and Mark were the winners of a reality TV show involving racing other couples around Australia. They decided to use some of the winnings on their wedding. They checked out a number of venues and finally decided on the Grand Ballroom at the Hotel Grand Inquisitor. Marina and Mark signed a ‘wedding package’ contract with the hotel, which provided for the following: Hire of ballroom - $15,000 Catering (excluding cake) - $9,000 Wedding cake (two-tier) - $500 Honeymoon suite (one night) - $400 Total - $24,900 The wedding reception was a happy event. However, when it came to the time to reveal and cut the cake, Marina and Mark were shocked to learn that earlier in the day a hotel waitress had clumsily dropped the specially baked wedding cake, and because there was no time to prepare another, the two-tier cake provided by the hotel was in fact two sponge cakes…
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waldo needs to decide how many copies of a new hardcover release to purchase for its shelves. The store has assumed that demand will be 50, 100, 150, or 200 copies next month and they need to decide whether to order 50, 100, 150 or 200 books for this period. Each book costs Waldo PhP50 and can be sold for PhP85. Waldo can sell any unsold books back to their supplier for PhP15. a. Formulate the payoff table. b. Determine the best decision and payoff is maximin and equally likely criteria are used. Answers in figure only without comma or units. If there are more than 2 answers, put an NA to excess brackets. Maximin: Decision: Order Blank 17 Payoff = Blank 18 Equally Likely: Decision: Order Blank 19, Blank 20, Blank 21 Payoff = Blank 22 c. If the coefficient of pessimism is 0.4, determine the best decision and payoff using Hurwicz criterion. Answers in figure only without comma or units. Hurwicz: Decision: Order Blank 23 Payoff= Blank 24
To compete with XEROX which had a competitive advantage in technical service for copiers , canon a used the internet to substitute for xerox technical services capability by developing higher stronger and faster service line b did not try to beat xerox on its strong service capability but on the price of its copiers c substituted for xeroxs technical services capability by developing highly reliable copiers that needed little service d substituted for xeroxs technical services capability by developimh its own highly efficient capability of technical service , through an extensive bench marking of xeroxs processes and practices

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