QUESTION 10The following is a L.P.P:Max Z= 5X1 + 7X2 + 6X3 (Hundreds of dollars $)s.t:3X1 + 4X2 + 2X3 <= 90X1 + 2X2 + X3 <= 43.1X1 + 3X2 + X3 <= 30X1,X2,X3>=0(production capacity; hours) (warehouse capacity; hundreds of sq. ft.) (demand for 6 oz. glasses; hundreds of cases)The optimal solution to the model as follows:BasisСв5X17X26X30.5S1S2S3RHSX2S1X1711-0.5110-3-1-111011110578.51.52120C-z-2.5-1.5-2What effect on the optimal solution (value of Z) ,if we change b2 from 43.1 to 55.2 ?Click Save and Submit to save and submit. Click Save All Answers to save all answers.hp

Given - Objective function- Max Z= 5X1 + 7X2 + 6X3 (Hundreds of dollars $)

Answered: QUESTION 10 The following is a L.P.P:…

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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WindCo Inc. owns several delivery vans that could be sold very quickly in the event that the company runs into financial trouble. These delivery vans should be considered ______. Question 38 options: A) long-term assets B) fixed assets C) current assets D) current liabilities E) accounts receivable
QUESTION TWO Glams Touch is a budding cosmetics family business in Sekondi. The owners, Baaba Benson and Bernard Benson, must ensure that they judiciously use the store space available. They have never kept detailed inventory or sales records. They immediately place new items on the shelves as soon as shipment of goods arrives. Invoices from suppliers are only kept for tax purposes. During sales, they record the items numbers and the total amount received at the cash register. The owners use their own judgment in identifying items that need to be reordered. Baaba and Bernard rely on their own judgment in deciding the cosmetics that need to be restocked. Analyse the business implication of this situation. In your view, how could information systems be utilized to assist the Bensons manage Glams Touch. Enumerate some data that should be captured by the systems and what information outputs are to be churned out from the system.
Question 3The weekly demand for a product, which is held in stock is always 90 units.When an order for new stock is placed, it is delivered almost instantaneously by an ordering cost of 50,000 is incurred. The product costs 3,000 per unit,and it costs 15 percent of this amount to hold a unit in stock for a year.Currently, orders are placed for 2000 units. There are 50 working weeks in ayear and lead time is one week. a) As a management science student, the MD of the company seeks yourexpert advice on ways in which to determine the economic order quantity,optimal order cycle time, re-order level and total annual inventory cost.Advise the MD, providing detailed explanation using your answer. Writeyour answer in a form of a report to the MD. b) Advise the MD about savings, if any, could be made by changing fromcurrent order quantity of GH¢ 2000 units to the one obtained in (a) above. c) Describe the order policy followed by the firm based on your calculations
Question 19 Consider the following limit order book. Suppose you place a market order to buy 1500 shares of this stock. What would be your average purchasing price? Round your answer to 2 decimal places. For example if your answer is 0.666, then please write down 0.67. price 50.09 50.04 50.00 49.98 49.92 1 orders to buy 300 5000 orders to sell 4500 2500 700
b. Question 4 Fortis Utility Company uses 2,000 units per year which it stores at $0.50 per unit per annum. The cost to place an order is $100. Calculate: If the company decides to make the items on its own machine with a potential capacity of 4,000 units per year, calculate: i. the batch order quantity (BOQ) the annual ordering cost the annual carrying cost ii. the economic order quantity (EOQ) the number of orders. iii.
Q. Hotel California has 160 rooms. The hotel has an ample low-fare demand at the room rate of $200 per night, but the demand from the high-fare class which pays $450 per night on average, is uncertain. Table below shows the number of high-fare rooms that were booked during the past 30 days. How many rooms should Hotel California protect for high-fare customers to maximize its expected revenue? Number of high-fare rooms Frequency 0 5 1 3 2 6 3 8 4 4 5 1 6 1 7 2 Total=30
Questions in red 10-12
QUESTION 15 The Sweet Success Bakery sells 800 cakes at a price of $20 per cake. Its total economic costs for producing 800 cakes are $4,800. The Sweet Success Bakery's economic profits are O $4,800. $11,200. $16,000. indeterminate from this information.
Need d and e
v Question Completion Status: QUESTION 11 The accompanying table shows the demand and supply schedules for lobster. The U.S. government decides that the incomes of lobster farmers should be maintained at a level that allows them to survive. It therefore implements a price floor of $14 per pound by buying surplus lobster until the market price is $14 per pound. Quantity Demand (thousands of pounds) Quantity Supplied (thousands of pounds) Price of Lobster (per pound) $22 0. 360 20 20 320 18 40 280 16 60 240 14 80 200 12 100 160 10 120 120 8 140 80 6 160 40 4 180 Reference: Ref 2-1 Since lobster is an important source of protein and omega-3, the government decides to provide the surplus lobster it purchases to nursing homes at a price of only $12 per pound. Assume that nursing homes will buy any amount of lobsters available at this low price, but families of nursing home patients now reduce their purchases of lobsters at any price by 60 thousand pounds because their family members are…
Question: How do you use the Silver-Meal ordering policy to find the Total annual Cost for the damand and parameters listed below? Month Period Demand Jan. 1 110 Feb. 2 40 Mar. 3 150 Apr. 4 130 May 5 60 Jun. 6 30 Jul. 7 20 Aug. 8 30 Sep. 9 80 Oct. 10 120 Nov. 11 130 Dec. 12 100 Total 1000 Given cost parameter: Value Order cost $25 Unit cost $8 Holding cost rate (monthly) 5%
Question 5 A company sales product A to its customer. The company forecasts the monthly demand of product A d=11107 units, sa-3099 units. The cost of A is UC=0.11 $/unit, the reorder cost RC = 10 $/order, the holding cost of product A is 20% yearly of its value. The leading time of ordering is constant, LT=1.5 month. The company wants the service level to achieve 75%. Please give the optimal inventory policy for the company. (The reorder quantity and ROL, we have Z=0.67 for SL>=75%)

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