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- Question: 1. How many pounds should she order per day if z= .20? Please show the solution. Thank you.Q1/ One of the dairy canning companies wants to set up a special program for the production of cheese, as it decided to produce two types of cheese, each of which consists of a mixture of ingredients that are manufactured in special machines to become ready for use. The cost of the first type of cheese is 41 dinars, and the cost of the second type is 35 dinars. Each of the two types of cheese contains four components. The manufacture of cheese of the first type requires a mixture of (2, 1, 5, 0.6) and the second type (3, 1, 3, 0.25) units of the components (D, C, B, A). on the sequence. The weekly needs of foodstuffs (D, C, B, A) that are supposed to be provided for the cheese industry are (1250, 250, 900, 232.5) kg, respectively. Required: 1- Formulate a mathematical model for this problem. 2- The quantity of cheese production of the first and second types to obtain .the highest return using the graph methodQuestion No. (01) a) ‘Since last few years Sri Lanka is experiencing an economic crisis and at present, the situation has become more severe amidst the influences of the pandemic. From 2020, Sri Lanka has cut down the imports of vehicles and by now, there are import restrictions on farm chemicals, fertilizer, electronic equipment as well as many other products as its foreign exchange reserves diminish. As a result of these import controls, prices of many products including essential consumer goods, fuel, and construction materials are also increasing. On the other hand, the country’s ability to repay its debt is also weakening and the Fitch Ratings has downgraded Sri Lanka to its CCC category, indicating a real possibility of default. Therefore, people of Sri Lanka are passing a very difficult time period and it is expected to continue this situation in coming few years too’. Identify three (03) international/ global players operate in the Sri Lankan market and discuss the influences…
- Question 4 Yalelo is a manufacturing Zambian Company. You have been asked by the Board of Directors of this Mid-Sized Listed manufacturing Company at LuSE to update them on emerging corporate governance issues that should be of interest to them. Prepare a report for the Board on the ‘Corporate Governance’ issues that should be of current concern to the Directors of this Company.QUESTION THREE (3) SOKOI Group has been involved in the production and distribution of shoes and an assortment of leather products for over 25 years. SOKOI Group has recently decided to diversify its business portfolio and have invested about $2million dollars in the establishment of a modern hospital and health centre known as the SOKOI Medical Centre. As the Business Development consultant of this new hospital, explain to the management of SOKOI Group four (4) ways in which the shoes business differs from the hospital and healthcare business. Describe four (4) unique strategies you shall adopt in ensuring the operational success of SOKOI Medical Centre.Q 9. Discuss the importance of search engines.
- Question 2 Target Ltd produces a single product. The company has employed the services of a statistical firm to develop cost functions that will assist in arriving at the optimal price that will enable the company to maximize profits. During November 2018, you were provided with the following demand and costs functions for the product: Demand function: P=60+2Q, where P is the unit selling price and Q is quantity of units in thousands. Cost function: TC= 3Q2 - 2Q + 200, where TC is total costs in thousands of dollars. Required: Find the output at which profit is maximized. Find the optimal price that maximizes profit. Determine the optimal sales revenue Calculate the maximum profit Briefly outline three (3) factors to be considered when settingprices for the company’s products.QUESTION 2 Molitup Limited (ML) manufactures three products: Product MM, Product LL and Product TT. The contribution per unit of the respective products is as follows: Product MM Product LL Product TT Contribution per unit £600 £500 £800 Three processes are required for the manufacture of these products: Process Alpha, Process Beta and Process Gamma. The processing time (in hours) required for the manufacture of a unit of each product is as follows: Product MM Product LL Product TT Process Alpha Process Beta Process Gamma 20 30 40 80 60 20 50 90 60 The monthly availability of Process Alpha, Process Beta and Process Gamma are limited to 40,000 hours, 80,000 hours and 50,000 hours respectively. The objective of the company is to maximise contribution.Question 2 A farmer in the Blue Mountains area of Jamaica wants to decide on the crop to plant next season. He wants to plant either ganja or coffee for export to the USA but need some help. He knows that if he plants ganja and the weather in the USA is predominantly cold he earns $10,000(US per month. If the weather is warm he earns $16,000. If he plants coffee and the weather is cold he earns 13,000 and if the weather is warm he earns $14000. In 40% of the years, the weather was cold and in 60 % the weather was warm. For $600, he could buy an expert weather forecast from CWD consulting. States of Nature with Profits ($) Does not include forecast cost Decision Warm Cold weather (C) Alternatives weather(W) Ganja $16,000 $10,000 Coffee $14,000 $13000 Prior Probabilities P(W) = 0.60 P(C) = .40 Conditional probability for a given state of nature where forecasts are either Good (G) or bad (B): That is: P (G|W) = 0.80; P (B|W) = 0.20; P (G|C) = 0.10; P (B|C) = 0.90 After vou have computed…
- Q5. Assume you have joined a company as a sales manager for Laptop Sales & services. This company was recently selected as authorized distributor for HP India personal computer products. As a distributor, your company is required to perform various tasks such as prospecting, promoting, preparing technical offers, negotiating, and getting orders, executing orders, collecting payments, giving pre & post sales services and maintaining excellent customer relationship. Your company is required to operate in New Delhi (including NCR). Develop a compensation plan for your salespeople, including financial and non-financial compensation methods,S1.16/The Willow Café is located in an open-air mall. Its lease expires this year and the restaurant owner has the option of signing a 1-, 2-, 3-, 4-, or 5-year lease. However, the owner is concerned about recent energy price increases (including the price of gasoline), which affect virtually every aspect of the restaurant operation, including the price of food items and materials, delivery costs, and its own utilities. The restaurant was very profitable when energy prices were lower, and the owner believes if prices remain at approximately their cur- rent level profits will still be satisfactory; however, if prices continue to rise he believes that he might be forced to close. In these latter circumstances a longer-term lease could be a financial disaster, but with a shorter-term lease the mall landlord could always rent the restaurant's space out from under it when the lease expires. Thus, the restaurant owner's estimates of future profits must also reflect the possibility that the…QUESTION 12 (Using the same problem) A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the answer using the criterion of minimax regret? Alternatives Large Inventory Small Inventory Probability O A) -$2,000 O B) $130,000 O C) $0 O D) $20,000 O E) $153,400 Large Crowd $220,000 $90,000 .20 PROFIT ($) Average Crowd $50,000 $70,000 .50 Small Crowd -$2,000 -$5,000 .30