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- What does it mean when the stopping issue is intractable?QUESTION 49 Which of the following is most subject to the lemons problem? O credence goods homogeneous goods inferior goods O search goodsBUSS211 Operations Management HW#4 Due 6/3 (Fri) 11:59 pm #1. A business student at Nowledge College must complete a total of 65 courses to graduate. The number of business courses must be greater than or equal to 23. The number of nonbusiness courses must be greater than or equal to 20. The average business course requires a textbook costing $60 and 120 hours of study. Nonbusiness courses require a textbook costing $24 and 200 hours of study. The student has $3,000 to spend on books. a. Create a set of linear equations to describe the objective function and the constraints. b. Use graphic analysis to find the visual solution. c. What combination of business and nonbusiness courses minimizes total hours of study? d. Identify the slack or surplus variables. #2. In Problem 1, suppose that the objective is to minimize the cost of books and that the student's total study time is limited to 12,600 hours. a. Use graphic analysis to determine the combination of courses that minimizes the…
- _____ refers to the inability of services to be stored, warehoused, or inventoried. Question 20 options: a) Perishability b) Reliability c) Heterogeneity d) VariabilityQ14. Subject :- AccountAM plc has a 'produce or perish' style of management. Analyse how this may have caused the performance data for its Chinese factory to differ from the average for similar factories in China, as shown in Appendix A.
- Managing Ashland multicomm services continuing its monitoring the upload speed firstProblem 3-14 (Algo) Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) 4,150 4,25e 3,950 4, 350 4,95e 4,650 5,25e 4,850 5,35e 5,65e 6,25e 5,95e January February March Аpril Мay June July August September October November December a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round Intermedlate calculatlons. Round your answers to 2 decimal places.) Month Forecast January February March April May June July August September October November December b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors…(Revenue Mgmt) Donut Shop Donna's Delicious Donuts (DDD) produces 380 donuts each morning. There are 3 flavors of glaze Donna coats the donuts with: Regular Glaze, Chocolate Glaze, and Blueberry Glaze. Tommy of Tommy's Terrific Tours (TTT) called Donna and said he wants to bring his tour bus by DDD at 11:00am tomorrow. Normally, DDD has sold out of donuts by 11:00am, but Donna told Tommy she would hold back at least 30% of all donuts made that morning until the tour bus arrived. In addition, she said she would give tour customers a 20% discount off of the regular price. Donna has only enough blueberry glaze on hand to make 90 blueberry glaze donuts.lq 100 The table below shows the prices and maximum demand for the different options. Develop and solve an LP model to maximize revenues for DDD on the day the tour bus arrives. (Include Ranges.) What is her maximized amount of revenues? How many total regular glaze, chocolate glaze, and blueberry glaze donuts will she make? How many regular…
- Ch 11 Q7Delivery Speed is a Competitive Dimension that relates to making a product or delivering a service cheap. Question 19 options: True FalseProblem 16-11 (Algo) One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently being assembled at your plant. The supplier has bid $0.10 per part, given a forecast you provided of 100,000 parts in year 1; 300,000 in year 2; and 500,000 in year 3. Shipping and handling of parts from the supplier's factory is estimated at $0.01 per unit. Additional inventory handling charges should amount to $0.003 per unit. Finally, administrative costs are estimated at $30 per month. Although your plant is able to continue producing the part, the plant would need to invest in another molding machine, which would cost $20,000. Direct materials can be purchased for $0.05 per unit. Direct labor is estimated at $0.04 per unit for wages plus a 50 percent surcharge for benefits and, indirect labor is estimated at $0.011 per unit plus 50 percent benefits. Up-front engineering and design costs will amount to $50,000. Finally, management has insisted that overhead be…
