RVW buys 15 used VW's at each of two car auctions each week held at differentlocations. It then transports the cars to repair shops it contracts with. When they arerestored to RVW's specifications, RVW sells 10 each to three different used car lots.There are various costs associated with the average purchase and transportationprices form each auction to each repair shop. Also, there are transportation costsfrom the repair shops to the used car lots. RVW is concerned with minimizing its totalcost given the costs in the table below.Repair ShopsS1S2Used Car lotsL1L2L3Auction 1550500S1250300500Auction 2600450S2350650450What is the minimum CostO29000175003200025500

Cost table: Repair Shops s1s2Auction 1 550.0500.0Auction 2…

Answered: RVW buys 15 used VW's at each of two…

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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NOTE: The answer of this question should be limited to ONE page of writing with reasonable size of fonts. The provincial government plans to distribute certain types of vaccines to the 3 major urban centers of the province covering a large portion of the provincial population. The 5 million doses of vaccines are expected to arrive in large batches at one of the major cargo airports by 2 military transporter airplanes in a single day. The vaccines will then be distributed to the 3 cities with the number of doses corresponding to the population sizes of the 3 cities. They will be further distributed to the 20 hospitals and about 200 local clinics in these 3 cities. Officials of the provincial health agency must plan for the upcoming vaccine distribution. Assume that you are asked to suggest several methods/tools in Industrial Engineering and Operations Research you have learned from this course. Present 3 such methods and for EACH of these methods, briefly explain: 6.1) For solving which…
Valles Galactic Industries (VGI) owns a small company (VGI-Durango Sur) that manufactures various electronic products for original equipment manufacturers. Customer companies provide engineering designs, materials lists, and some unique materials. VGI-DS provides labor and space for the manufacturing and assembly operations and stocking a variety of inventory items for production, such as wire, cables, some electronic components, etc. Thus, VGI-DS orders a variety of components and raw materials by contract. The labor pool is primarily composed of about 100 retirees picking up extra cash by working four to six-hour shifts. Thus, the assembly operations must be simple and easy to teach. Skilled employees must do several raw material conversions for packaging—there are currently three such employees. VGI-DS receives forecasts from VGI headquarters for planned production for two years on a rolling quarterly basis. Staff at VGI-DS develop schedules and inventory plans based on this…
Golf World, Incorporated (GWI) sells products and services for the sport of golf. One of its key business units specializes in the repair and reconditioning of golf carts. GWI enters into contracts with a number of golf clubs throughout the U.S. in which the clubs send their carts to GWI for a complete reconditioning: motor, frame repair where necessary, and replacement of seat covers and canvas tops. The clubs usually will cycle 10–15% of their carts through this process each year. Because GWI's business has been growing steadily, it is very important to complete the reconditioning of the carts within a budgeted time and cost. The firm uses weighted-average process costing to keep track of the costs incurred in the reconditioning process. GWI's golf cart repair and reconditioning unit has the following information for the month of November, in which 1,200 carts were started for reconditioning: Beginning WIP: 150 units, 50% complete for materials ($16,600) and 30% complete for…
The distribution of daily demand for rental trucks at a vehicle rental company is shown in the following table: Relative Frequency Demand 0.07 0 0.14 1 0.15 2 0.14 3 0.12 4 0.08 5 0.3 6 Trucks are rented by the day only and the company makes $14 per rented truck per day. The rental company keeps four trucks at this location. Assuming that the stocking decision is optimal, what is the implied range of excess cost per truck per day? a. 0 and 186 b. 8.58064 and 14 c. 14 and 24.8889 d. 6 and 8.58064 e. 34.2759 and 79.3333
14
Q: The Morton Supply Company produces clothing, footwear, and accessories for dancing and gymnastics. They produce three models of pointe shoes used by ballerinas to balance on the tips of their toes. The shoes are produced from four materials: cardstock, satin, plain fabric, and leather. The number of square inches of each type of material used in each model of shoe, the amount of material available, and the profit/model are shown below: Material (measured in square inches) Model 1 Model 2 Model 3 Material Available Cardstock 12 10 14 1200 Satin 24 20 15 2000 Plain fabric 40 40 30 7500 Leather 11 11 10 1000 Profit per model $50 $44 $40 a) Generate the Sensitivity Report in EXCEL for the model that you built. Interpret, in context, the Shadow Price for the Leather and the Satin constraints. Include units in your interpretations.
Please help me with part b

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