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- O surplus variable QUESTION 7 An optimal solution requires that all artificial variables are O there are no special requirements on artificial variables; they may take on any value. O less than zero. greater than zero O equal to zero Click Save and Submit to save and submit. Click Save All Answers to save all answers. Type here to searchProblem 7-37 (Algorithmic) The New England Cheese Company produces two cheese spreads by blending mild cheddar cheese with extra sharp cheddar cheese. The cheese spreads are packaged in 12-ounce containers, which are then sold to distributors throughout the Northeast. The Regular blend contains 65% mild cheddar and 35% extra sharp, and the Zesty blend contains 75% mild cheddar and extra sharp. This year, a local dairy cooperative offered to provide up to 8100 pounds of mild cheddar cheese for $1.30 per pound and up to 3500 pounds of extra sharp cheddar cheese for $1.50 per pound. The cost to blend and package the cheese spreads, excluding the cost of the cheese, is $0.30 per container. If each container of Regular is sold for $1.80 and each container of Zesty is sold for $2.10, how many containers of Regular and Zesty should New England Cheese produce? Do not round your interim computations. If required, round your answers to the nearest whole number. Let R number of containers of…54|David is looking to purchase an old church building. He hires an appraiser to help determine the market value of the property. Why would the appraiser most likely value the property using the cost approach? O A church is a specialty building that will most likely not have any comparable properties. It is also not an income producing property, so the best method would be the cost approach. O The income capitalization approach should be used rather than the cost approach. O A church building will have at least three comparable properties to use to help determine the market value. O The church building will most likely have income, which when a capitalization rate is applied will help determine the market value
- Please show how to solve bBuzz Appliances manufactures two products: Food Processors and Espresso Machines. The following data are available: Food Processors Espresso Makers Sales price $125 $225 Variable costs $80 $190 The company can manufacture two food processors per machine hour and three espresso machines per machine hour. The company's production capacity is 1600 machine hours per month.To maximize profits, what product and how many units should the company produce in a month (assuming unlimited demand for both products)? Question 22 options: 3200 Food Processors and 0 Espresso Machines 90 Food Processors and 105 Espresso Machines 3200 Food Processors and 4800 Espresso Machines 4800 Espresso Machines and 0 Food ProcessorsSolve in a normal method (no excel please ). (8)
- Solve the question below using the attached excel templates with formulas for renting both slow and fast copies (labeled in the excel tabs). Question: The Decision Sciences Department is trying to determine whether to rent a slow or a fast copier. The department believes that an employee’s time is worth $15 per hour. The slow copier rents for $4 per hour, and it takes an employee an average of 10 minutes to complete copying. The fast copier rents for $15 per hour, and it takes an employee an average of six minutes to complete copying. On average, four employees per hour need to use the copying machine. (Assume the copying times and interarrival times to the copying machine are exponentially distributed.) Which machine should the department rent to minimize expected total cost per hour?Is my solution correct and did I fully answer the questions? (see attachment for my solution) Question: There are three factories on Momiss River. Each emits two types of pollutants, labeled P1 and P2, into the river. If the waste from each factory is processed, the pollution in the river can be reduced. It costs $1,500 to process a ton of factory 1 waste, and each ton processed reduces the amount of P1 by 0.10 ton and the amount of P2 by 0.45 ton. It costs $2,500 to process a ton of factory 2 waste, and each ton processed reduces the amount of P1 by 0.20 ton and the amount of P2 by 0.25 ton. It costs $3,000 to process a ton of factory 3 waste, and each ton processed reduces the amount of P1 by 0.40 ton and the amount of P2 by 0.50 ton. The state wants to reduce the amount of P1 in the river by at least 125 tons and the amount of P2 by at least 175 tons. a. Use Solver to determine how to minimize the cost of reducing pollution by the desired amounts. Are the LP assumptions…Pls solve with no plagiarism and details explanation
- true or false 7. The expected utility implies that the decision maker regards this option as being equivalent to a lottery offering a same chance of the best/best outcome (and a complementary probability of the worst/worst outcome)Problem 16-15 (Algorithmic) Strassel Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Bud Strassel, the president and owner of Strassel Investors, believes if he purchases and develops this property it can then be sold for $160,000. The current property owner has asked for bids and stated that the property will be sold for the highest bid in excess of $100,000. Two competitors will be submitting bids for the property. Strassel does not know what the competitors will bid, but he assumes for planning purposes that the amount bid by each competitor will be uniformly distributed between $100,000 and $150,000. Develop a worksheet that can be used to simulate the bids made by the two competitors. Strassel is considering a bid of $130,000 for the property. Using a simulation of 1000 trials, what is the estimate of the probability Strassel will be able to obtain the property using a bid of $130,000? Round your answer to 1 decimal place.…Problem3: Optimizing Manufacturing Production Line Scenario: You are a manufacturing manager responsible for a production line that assembles and packages electronic devices. The goal is to optimize the production process to increase throughput, reduce cycle times, minimize bottlenecks, and ensure efficient resource utilization. Explain the steps to build simulation model using Arena.