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.BuildingsContractorsIIIVA1024302832151622202612C1210D3416loON9 (b) Suppose the scrutiny committee later on considers including contractor E inthe selection of contractors. Determine the new schedule if contractor Equotes 12, 16, 22 and 15 units for the four buildings respectively.

The question is related to Assignment Problem. The problem is a unbalanced problem of minimization.…

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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SKA negotiation SKA is a newly established NGO with an aim of changing lives of the poor and needy in Uganda. As a way to achieving its goal, various goods and services have to be procured. Ben the new Procurement Manager has been tasked to identify and negotiate with potential suppliers and service providers to ensure procurement of quality, reliable and affordable services and goods. Among the items required are; office furniture and equipment, food, clothes, laptops and IT services. Ben’s responsibility is to coordinate and manage teams within SKA to ensure effective agreements are arrived at. However, disagreements within teams are increasing with majority of the members blaming BEN for taking over their roles, his over dominance personality and failing to consider the needs of other. Allan with whom they are supposed to coordinate the activities is always criticizing whatever step is being taken without giving solutions on how certain things should be done. Other organizational…
Strong Construction Company is interested in taking loans from banks for some of its projects P, Q, R, S, T. The rates of interest and the lending capacity differ from bank to bank. All these projects are to be completed. The relevant details are provided in the following table. Interest rate in percentage for Max. Credit (in sh 000) Bank P Q R S T Equity 20 18 18 17 17 175 National Bank 16 16 16 15 16 100 Cooperative Bank 15 15 15 13 14 400 Amount required (sh 000) 200 150 130 125 75 Required: Assuming the role of a consultant Using North West Corner , Least Cost method and Vogels Approximation Method , advise this…
Q3: The following payoff table shows the profit for a decision problem with five states of nature (events) and five decision alternatives, Event Alternative 1 2 3 4 5 A 100 70 115 95 60 В 95 120 120 90 150 180 130 60 160 120 80 75 50 100 95 E 60 140 100 170 160 Identify the decision taken under the following approaches: (1) Pessimistic (2) Optimistic (3) Equal probability (4) Regret (5) Hurwicz criterion. Note: The decision maker's degree of Pessimistic (a) is 0.2 1 Add File
Examples of intellectual property at KFC
Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last 12 months were as follows: Month January February March April May June Price Per Chip $1.90 $1.61 $1.60 $1.85 $1.91 $1.95 Month July August September October November December Price Per Chip $2.00 $1.70 $1.70 $1.55 $1.50 $1.75 This exercise contains only parts a, b, and c. a) Using a 2-month moving average, the forecast for periods 11 and 12 is (round your responses to two decimal places): Month Mar Apr May Jun Jul Aug Sep Oct Nov Forecast $1.76 1.61 1.73 1.88 1.93 1.98 1.85 1.70 Dec
PetSmart and PetCo are two major competitors offering pet supplies and pet food. Given the location decisions of PetSmart and PetCo in this city, you conclude that: a. PetSmart focuses on raising its quantity sold rather than raising its profit margin on each unit. b. PetSmart and Petco engage in intense price undercutting. c. PetSmart and PetCo differentiate themselves by location. d. PetCo chose its location primarily using demand side considerations.
Find an initial basic feasible solution for given transportation problem by using Least cost method P Q R S Supply A 6 3 5 4 22 B 5 9 2 7 15 C 5 7 8 6 8 Demand 7 12 17 9 45
Discuss the presence of trade agreements between United States of America and Mexico. Make sure to address the following: 1. Specify if there is a trading agreement between USA and MEXICO. 2. If yes, explain the effects of the trade agreement and how it impacts the service, product, or idea you have selected.
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…
2. The contract has many uses, including in construction and insurance. A contract comes with a variety of clauses, responsibilities and tasks that must be performed for the contract to be satisfied. Study this case: Your friend Iskandar is the owner of construction company located in Sapphire City, which had signed a contract on Jan. 2021 with Emory College to build a management office, 2 heavy duty laboratories, a lecturer academic block, 2 hostels for female and male student, a common room, and cafeteria, a sport complex, and a library. The project was to be executed in 3 years of Jan. 2021. The entire cost for construction was RM 14.5 millions. Iskandar received an advanced of RM 6.0 millions in the commencement of the work, and the agreement provided that the balance of the amount was to be paid on the execution work. However, by those time of two years and 4 months of the buildings under the project have been constructed, except blocks of hostel, a library, an cafeteria, and…
Explain The Factor-Rating Method?

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