ose loves to eat out in area restaurants. His favorite foods are Mexican, Italian, Chinese, and Thai. On the average. Joe pays 400 for a Mexican meal, P600 for an Italian meal, P360 for a Chinese meal, and $440 for a Thai meal. Jose's eating habits are predictable: there is a 70% chance that today's meal is a repeat of yesterday's, and equal probabilities of switching to one of the remaining three. How much does Joe pay on the average for his daily dinner? A) P400 B) P550 P500
Q: The ABC Company is both a producer and a user of brass couplings. The firm operates 220 days a year…
A: From the above given information, d= 60 p=200 D= 60×220=13200 S= $120 H= $2 a) Optimal production…
Q: 3 Consider the network below, representing times taken for various activities in a large project. 24…
A: The activity-on-Arrow diagram is given here. The activities are shown on the arrows. Part (a): The…
Q: You are the marketing director for a minor league baseball team, and (not unlike a certain major…
A: As per the given information, attendance in a number depends on the competitiveness of the team,…
Q: 9.4 A florist carries an average inventory of $12,000 in cut flowers. The flowers require special…
A: A firm's numerous expenses for keeping goods on hand are known as carrying costs. Taxes, insurance,…
Q: Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the…
A: From the above given information, let, y^ =estimated value of mocha latte cofees xi ="ith" price per…
Q: Why companies have different Logistics Performance Indicators (LPIs)/Key Performance Indicators…
A: A Key Performance Indicator is a sort of measurement used to assess how well a company is basically…
Q: Lincoln Electric Inc. has a direct manufacturing cost of $147/welding unit and defective units can…
A: yield = output/input yield = 100% - scrap rate scrap rate = % of non workable X (total…
Q: A building materials company with production facilities in Renc pokane and Tacoma ships boxes to…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two…
A: The Breakeven Point is that level of sales at which there is no profit or no loss. In other words at…
Q: (a) Which of the constraints is redundant? Constraint #______. Justify by drawing a graph similar to…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: What are project mangement constraints and Why are they important when developing a project…
A: Project management implies the process of leading a team achieve the deliverables within a set…
Q: 1. Consider the following LP. (a) Put the problem into standard form, using slack, excess, and…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: A Company is in the process of preparing a budget for launching a new product. The following table…
A: NOTE: We are allowed to do one question only. A critical path is a project management technique…
Q: Which of the following tasks would typically represent an operations management activity at Hard…
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: Please advise whether the below topic can be use for DBA ( Doctorate of Business Administration)…
A: A Doctorate of Business Administration is a type of professional degree designed for individuals who…
Q: Consider the following LP: Min s.t. -X1 X2 X3 x1 + x2x3 = 3 2x1 + 6x2x3 = 7 X1, X2, X3 20 Suppose…
A: A two-phase method is a technique to solve linear programming problems. In phase 1, zero is assigned…
Q: Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the…
A: Linear Regression Assume X = Price Y = Number sold X Y XY X2 2.70…
Q: 21. A linear programming problem has two constraints 2X + 4Y ≤ 100 and 1X + 8Y ≤ 100, plus…
A: Given Constraints:2X + 4Y≤1001X + 8Y≤100X,Y≥0 (Non-negativity)
Q: Company XYZ has a specialised machine shop. As the maintenance team, you requested to implement new…
A: A quantity discount model is nothing but an inventory model working on a concept of discount. This…
Q: (a)How many hours should Mary work in each place per week? State verbally the objective,…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Unit Contribution Total Contribution $0.75 $63,000 Products $0.33 $1.25 $82,000 $95,000 $0.85…
A: Product-by-value analysis is a technique for analysing the value of products and services. It is…
Q: A firm is attempting to minimize its shipping costs. The firm has 3 factories and must supply the…
A: Given Data-
Q: RE-THINKING OPERATIONS IN THE NEXT NORMAL Operations functions—including procurement, supply chain,…
A: Manufacturing operations are described as a means through which equipment, processes, and workers…
Q: Neptune Company has developed a small inflatable toy that it is anxious to introduce to its…
A:
Q: Describe operation management decisions that are taken by a electricity distributor (utility…
A: Electricity distribution business administration and operation are intricate processes. They need…
Q: Consider the following constraints from a two-variable linear program: X ≥ 1; Y ≥ 1; X + Y ≤ 9.…
A: An optimal solution is a point which satisfy the objective function while considering the feasible…
Q: Consider the following transshipment network for finding the shortest route from node 1 to node 7.…
A: In the network model, the total flow of input and total flow of output must be the same. Consider…
Q: a) Write the original optimal solution and objective function value. b) What is the optimal…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: Office Automation Inc., developed a proposal for implementing a software system that will…
A: NOTE: We are allowed to do first 3 sub-parts only. In project management, a critical path is the…
Q: Complete the following perishable product quotation/call sheet. Indicate the preferred supplier: a.…
A: Find the Given details below: Given details: Amount Supplier Item Needed On Hand Order 1 2 3…
Q: By assuming the business problem, Identify a business, social or environmental problem that has…
A: Here, in the question, I have identified a business problem which is related to operations…
Q: A quantifiable practice adds value to company, but not the client. It helps avoid project failure…
A: The use of adding such quantifiable practice would help the company to quantify each project…
Q: If constraint has a shadow price of $6, Right-Hand-Side (RHS) is 12, allowable increase is 2,…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Food Goblin Supermarkets use both cashiers and baggers to serve customers at check out. During the…
A: Time required for cashier per customer = Tr = 6 minutes Time available for each cashier per hour =…
Q: Using the crossover mileage between the hybrid vehicle and the alternative vehicle from a competing…
A: The detailed solution is given in Step 2
Q: What are three operations strategies that an organization uses to compete
A: In today's intensely competitive business world, price, quality, Innovation, marketing, distinction,…
Q: You have recently been appointed as the executive director responsible for the purchasing function…
A: There are six criteria that you need to consider when selecting fruit and vegetable suppliers. These…
Q: Sec 4.7 1. Consider the following problem. Maximize Z = x₁ + 2x₂, subject to x₁ + 3x₂ ≤ 8 (resource…
A: Given LP- Maximize Z = x1+2x2Subject to-x1+3x2≤8 (Resource 1)x1+x2≤4 (Resource 2)x1, x2≥0…
Q: Explain how to determine the number of variables and constraints that would be in a transportation…
A: The transportation problem arises frequently in planning for the distribution of goods and services…
Q: a. Determine the capacity of this process. b. Which action would yield the greatest increase…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Which is a viable strategy to manage an intermittent flow system better?
A: Note: We are required to do one question only. The intermittent flow system is different from the…
Q: Mr. Peter, of PM Enterprises, has an ice cream manufacturing facility located in downtown…
A: Mr. Peter should first express his satisfaction with the arrangement and concerns or areas of…
Q: A renovation of the gift shop at Orlando Amway Center has six activities (in hours). In the…
A: The given data as follows: Activity a m b A 10 15 19 B 28 31 40 C 18 18 18 D 9 13 18 E…
Q: List any five (5) costs prevalent in aggregate planning in the motor car industry
A: The manufacturing of all items for an enterprise can be planned using aggregate planning over a…
Q: Mr Sng is a retiree in his late sixties. He has $100,000 to invest. He has no regular source of…
A: In a decision-making process, the person or people who make the final choice is called…
Q: A wallpaper company estimates the demand for a certain pattern to be 925 rolls per year. It costs…
A: Given: Annual demand (D) = 925 Setup cost (S) = 750+150 Holding cost (H)= 4
Q: List and briefly describe the seven main processes involved in project time management.
A: Keeping track of time effectively is a major obstacle for every project manager. Your time is…
Q: Inventory can be: A) final products B) work-in-process C) raw materials D) A or B above E) A, B or…
A: NOTE: We are allowed to do one question only. Inventory is an important part of a company's…
Q: Suppose the due date of the project is 24 months and expected time of completion is 28 months, while…
A: Let, td=24 months te =28 months Probability of completion = 90% Probability can be calculated by…
Q: Based only on the critical path, what is the estimated probability the building project could run…
A: The critical path method is used by many organizations as part of their standard planning process…
please help me answer this one thank you
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Refer to the payoff table below of profits in ($000). Which decision alternative results from using the Conservative (Pessimestic) Decision Rule? PAYOFF TABLE High Demand Small Medium Large 35 300 550 -10 Moderate Demand 35 150 75 -10 Low Demand Do Nothing O A. Large O B. Do nothing OC. Medium O D. Small O E. Cannot be determined since relative frequencies are missing. 35 50 -45 -10XYZ work in a small electric business in Basrah city. He had a sunshine controller device. He had to decide how to market his idea, and in the short term, his options could be summarised as selling the device locally, selling nationally through a website, entering a partnership with an existing company or selling the patent. His returns depended on demand, which he described as high, medium, or low. Using this simple model, he developed the matrix of potential annual gains shown below: Options Demand High Medium Low Market locally 60 90 45 Use website 23 90 78 Partnership 12 25 89 Sell patent 30 30 30 Identify the decision taken under the following approaches: (1) Equal probability (2) Regret (3) Hurwicz criterion. Note: The decision maker's degree of Pessimistic (a) is 0.3.eferring to the pay-off table, determine which alternative would be chosen under each of these strategies: Possible future demand in OMR Alternative Low Medium High A 12 15 15 B 10 13 16 C 6 8 19 For the data in above table, assume probabilities of: (low demand) = 0.15, (medium demand) = 0.55, and (high demand) = 0.3. Using a Minimax regret approach the value of the lowest regret is. (Write the number only)
- ABC company wants to open one, two, or three shops. The average Profit varies with the demand in three categories low, medium and high. Determine which one is better using Maximax, Maximin, Laplace, Minimax regret. Demand Number of Shops 1 2 3 Low 150 175 200 Medium 100 200 200 High 0 170 400a business owner is planning to strategies his company's growth, he can either buy , rent, or lease a new factory depending on how the business is doing. He was given the following payoff table based on whether the business is doing good or business is slow. Aletnative Business Doing Goood Business Slow Buy 90 -10 Rent 70 40 Lease 60 55 The probability of business doing good is 0.7 and the probability of slow business is 0.3. Using Lapace method, the strategy is: A. Do nothing B. Lease C. Rent D. BuyBased on an annual worth analysis, should the equipment be purchased if the expected production is 440 units/year? Yes Annual Worth: $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +10. Determine the breakeven value for annual production that will return MARR on the investment in the new equipment. units Carry all interim calculations to 5 decimal places and then round your final answer to the nearest unit. The tolerance is ±2.
- - Consider demand: x(p₁) = 400 — 2p1 At a market price of p₁ = $125 per unit: • Determine the social loss due to moral hazard when assuming: 1. Full insurance compared to uninsured 2. A co-payment of $50 compared to uninsured 3. A 75% coinsurance rate compared to uninsuredfor managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands) depends on demand as follows. DEMAND STAFFING OPTIONS HIGH MEDIUM LOW Own Staff 650 650 600 Outside Vendor 900 600 300 Combination 800 650 500 Based on decision analysis under uncertainty, determine the best decision each of the model. Then compare all the model decision to make it overall conclusion.Please show all work and explain answer. OneRing Company sells memorabilia to residents of Middle-Earth. They are about to invest $6 million in a new ring making plant. Fixed costs of operating the plant are $1 million a year. The ring costs $60/unit to manufacture (variable cost) and will be sold for $200/unit. The plant will last for 5 years, and will be depreciated over 5 years to zero using the straight-line method. The plant will have no salvage value after five years. Net working capital requirements are negligible for this project. Assume there are no taxes in Middle-Earth, and that the appropriate discount rate for the project is ten percent. How many rings per year must OneRing sell in order to break even?
- Use the table provided below showing rooms available, rooms sold and rooms revenue for 7 properties (subject hotel + comp set) for one month to compute occupancy index for the subject hotel. Rooms Available (Supply) Rooms Sold (Demand) Revenue The subject hotel 10'000 7'000 700'000 Hotel A 9'000 3'000 400'000 Hotel B 9'000 8'000 700'000 Hotel C 10'000 7'000 700'000 Hotel D 000י7 5'000 500'000 Hotel E 11'000 8'000 700'000 Hotel F 8'000 4'000 400'000. A business owner is planning to strategize his company's growth. He can either buy, rent, or lease a new factory depending on how the business is doing. He was given the following payoff table based on whether the business is doing good or the business is slow. Alternative Business Doing Good Business is Slow Buy 90 -10 Rent 70 40 Lease 60 55 The probability of business doing good is 0.7 and the probability of slow business is 0.3. Using Laplace's method, the best strategy is: Lease Buy Rent Do nothingThe graphs shows the amount being paid in Social Security benefits and the amount going into the system. In 2004, the system’s income was $575 billion, projected to increase at an average rate of $43 billion per year. In which year will the system’s income be $1177 billion?The data for the system’s outflow can be modeled by the formulaB = 0.07x2 + 47.4x + 500,where B represents the amount paid in benefits, in billions of dollars, x years after 2004. According to this model, when willthe amount paid in benefits be $1177 billion? Round to the nearest year. How well do your answers model the data shown by the graphs?