Q4: suppose a particular Ford Plant can build Escort at a rate of one every hr., explorer at a rateof one every 1.5 hr and Lincoln navigator at a rate of one every 2 hr. the vehicles get 25, 15 and10 miles per gallon of fuel respectively and congress mandates that the average fuel economy ofvehicles produced at least 18 miles of all per gallon. Ford loses $1000 on each Escort, but makesa profit of $ 5000 on each Explorer and $ 15000 on each Navigator. Formulate this problem tomaximize the profit of ford in one 8 hr-day.

Suppose- A be the no. of Escort to buildB be the no. of Explorer to buildC be the no. of Lincoln…

Answered: Q4: suppose a particular Ford Plant can…

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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Similar questions

Write out the equation for 'margin for error'. In a business environment, what is the meaning of o in this equation, and why would a firm first try to reduce the margin for error using this term. What else can the firm do to reduce the margin for error? Explain each thing it can do, and why it does so, and what its pros and cons are.
The following is an excerpt from a conversation between two sales clerks, Tracy Rawlin and Jeff Weimer. Both Tracy and Jeff are employed by Magnum Electronics, a locally owned and operated electronics retail store. Suggest appropriate control procedures that would have prevented or detected the theft of cash.
Units Produced and Sold 1,000 1,500 2,000 Sales $15,000 $22,500 $30,000 Variable Costs (6,000) (9,000) (12,000) Fixed Costs (4,000) (4,000) (4,000) Profit $ 5,000 $ 9,500 $ 14,000 What is the expected profit if 1,600 chairs are made?
Calculate the number of years until the book value of the boat is $43500
- Once answered correctly will UPVOTE!!
Ruby obtained a loan of $90,000 towards the purchase of her new home. If the loan was 75% of the purchase price, how much did she pay for the home? O $125,000 (Dollars) O $115,000 (Dollars) O $145,000 (Dollars) O $120.000 (Dollars)
Assume Bristol-Myers Squibb is faced with one source of business risk as worker's injury. The probability of worker injury is 0.09 and when the accident (injury) happens, the losses from a worker's injury has medical expenses of $8,000 and lost pay expenses of $90,000. What is the expected loss per worker? A-- $8,820 B-- $7,056 C-- none of the answers is correct D-- $7,417 E-- $17,640
Which statement regarding Time-Cost Models tradeoffs is true? Crashing a project reduces the duration of noncritical activities Projects with multiple critical paths cannot be crashed The crash time of an activity exceeds the normal time of the activity To crash a project, costs are increased on critical activities to reduce their duration Noncritical activities cannot become critical after crashing
A loan processing operation at a local bank processes an average of 7 loans per day. The operation has a design capacity of 10 loans per day and an effective capacity of 8 loans per day. What is the utilization of the processing operation? Select one: a. 100.0% b. 87.5% c. 70.0% d. 80.0% Warranty expense, the cost that a business incurs for the repair or replacement of goods that has sold, is an example of which of the following? Select one: a. Internal failure cost b. Appraisal cost c. Prevention cost d. External failure cost
Discuss the term perpetual distortion and errors.
Ggg(b) Should I sell my gas-guzzler? My 2001 Toyota Corolla is quite functional, but it only averages 20 miles per gallon (mpg). I have found a somewhat newer vehicle (roughly the same functionality) that averages 26 mpg. I can sell my current car for BDT1,400,000 and purchase the newer vehicle for BDT2,000,000. Assume a cost of gasoline BDT400 per gallon. How many miles per year must I drive if I want to recover my investment in three years? Assume an interest rate of 10%, 50% of current price as salvage value for either vehicle after five years, and identical maintenance cost. Considering that I drive about 10,000 miles per year. If gas prices drop by 10%, should I still sell my gas-guzzling minivan?
You are considering buying a 30-HP electric motor which has an efficiency rating of 89%. The motor costs $10,000 and will be used for 10 years. The expected salvage value at that time is $1,000. The cost to run the electric motor is $0.09 per kWh for 2,000 hours a year. (1HP=0.7457kW.)(1 HP=0.7457 kW.) What is the total annual equivalent cost of owning and operating the motor for 10 years at an interest rate of 12% per year? Answer must be shown in Excel!

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