The term "soft constraints" is associated with which of the following? O Goal Programming Expected Monetary Value Network Models Integer Programming
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- Sam is a new Nurse Practitioner (NP) in an independent physician-owned primary care office located in a small community. He loves working with the patients and gets along very well with his coworkers. Normally, Sam will see a patient on his own, or with a female nurse, if the patient is female. However, Sam recently noticed that his time with a patient was coded and billed to Medicare as one of the physician’s time. He recalled the legal course in nursing school about Medicare and knew that NP’s time is reimbursed at 80% of the actual charge or at 85% of the physician’s fee schedule amount, whichever is the lesser. He also remembered that the physician he was billed under was not in the office that day. Being concerned, he reviewed some additional records and discovered almost all of his time was coded and billed to Medicare as one of the physician’s time. When he questioned the billing clerk about the coding, her reply was “the Physician Assistant’s and NP’s time are always coded that…Prevost Chemicals manufactures an industrial solvent at its only processing plant. A liquid chemical and labor are the two primary inputs. All other resources are included in manufacturing overhead. The plant never has any work-in-process or finished goods inventories. Information from the previous four periods of production follows: Period 1 Period 2 Period 3 Period 4 Chemical input (gallons) 125,000 129,280 128,000 120,000 Labor input (hours) 12,500 11,200 15,000 10,100 Solvent sales (gallons) 110,000 113,120 120,000 103,020 Average price of chemical per gallon $ 2.00 $ 2.10 $ 1.95 $ 2.25 Average wage rate per hour 28.00 26.00 31.00 34.00 Average sales price per gallon 10.26 10.00 9.80 10.60 Manufacturing overhead (total) 236,000 245,312 245,400 243,080 Required: c. Compute the total factor productivity for the four periods.A manufacturing plant produces a product 'A' that requires one unit of 'B' and ½ unit of 'C'. Each unit of 'B' is comprised of one unit of 'D', two units of 'E', and one unit of 'F'. Each unit of 'C' requires ½ unit of 'G' and three units of 'H'. The manufacturing lead times for the components are as follows: 'A' - two weeks, 'B' - one week, 'C' - two weeks, 'D' - two weeks, 'E' - three weeks, 'F' - one week, 'G' - two weeks, 'H' - one week. There are 20 units in stock for each of these components. 100 units of 'A' are needed for delivery in seven weeks: a) Develop the product structure and indexed bill of materials for the product. b) Create a gross and net requirements plan for the manufacturer of the product.
- There are several types of linear-programming models that exhibit a special structure which can be exploited in the construction of efficient algorithms for solutions to an organisation’s challenges. Efficient production planning is a key condition for a production system’s success, which considers the real-world resource limitations such as budget, time and labour. A study is being conducted to develop linear and goal programming models in an attempt to optimise the daily production outputs of your organisation in producing various product mixes. The three goals considered are: maximising the daily sales profits, minimising overtime, and maximising the utility of machines used in the production process. REQUIRED: You are required to develop an efficient solution through the application of linear and goal programming, to a concisely defined problem through examining a situation in a company of your choice to determine the optimal solution to be implemented. Generate a title of your…Fopic 4- Linear Programming: Appli eBook Problem 9-05 (Algorithmic) Kilgore's Deli is a small delicatessen located near a major university. Kilgore's does a large walk-in carry-out lunch business. The deli offers two luncheon chili specials, Wimpy and Dial 911. At the beginning of the day, Kilgore needs to decide how much of each special to make (he always sells out of whatever he makes). The profit on one serving of Wimpy is $0.46, on one serving of Dial 911, $0.59. Each serving of Wimpy requires 0.26 pound of beef, 0.26 cup of onions, and 6 ounces of Kilgore's special sauce. Each serving of Dial 911 requires 0.26 pound of beef, 0.41 cup of onions, 3 ounces of Kilgore's special sauce, and 6 ounces of hot sauce. Today, Kilgore has 21 pounds of beef, 16 cups of onions, 89 ounces of Kilgore's special sauce, and 61 ounces of hot sauce on hand. a. Develop a linear programming model that will tell Kilgore how many servings of Wimpy and Dial 911 to make in order to maximize his profit today.…please provide excel sheet calculations
- Company X is planning to run a project that requires an initial investment of RM 80,000.Operation cost is estimated at RM 20,000 per year starting one year from the start of theproject until its project life. Starting second year onwards, the operation cost is expectedto increase by RM 5,000 from previous year. The project will start to generate its annualincome of RM 70,000 on the second year until fifth year. The salvage value of the projectis RM 50,000 and its project life is five years. a) Construct the cash flow diagram to summarize the above transactions. b) Determine the expected project value at the end of five years. Assume the growth rateis 12%.Problem #3 A, B, Ccuss the theoretical basis for the use of finite element analysis in predicting stress and deformation in complex mechanical components subjected to various loading conditions.
- According to the latest unemployment report, American manufacturing added 24,000 jobs last month but in Skowhegan Maine more than 300 manufacturing jobs at a New Balance shoes plant could be on the line in the face of new competition overseas. Employees at the plant, like Skip Bowman, know that his company would make more money if it would shut down the plant and move his job oversees. He says that every day he walks through the doors; he is part of the effort to keep the factory going. New Balance is the last major brand to produce athletic shoes in the U.S. About 25% of its manufacturing is still in New England where it has operated for nearly a 100 years. The privately owned company says it is committed to its American workers. In discussions with Pat Welch, plant manager for New Balance, he says that if they were thinking about the bottom line and only the bottom line, New Balance wouldn’t be here (Skowhegan Maine). In the backdrop of plant operations, Welch interacts with workers…Mark has a company that produces tables and chairs, both having two different models. The product models and related information are given in the following table. Wood costs 3000 $ per cubic meter and 200 m3 of wood are available for the upcoming month. The cost of labor is 40 $/hour and there are 6000 hours of labor available in a month. Mark sells his products to a big chain retail company. The company purchases all products whatever Mark produces. Mark formulates an LP as follows to determine the optimal monthly production plan such that he maximizes the total profit. Decision Variables: X1 : number of basic tables to be produced. X2 : number of elegant tables to be produced. X3 : number of basic chairs to be produced. X4 :number of elegant chairs to be produced. Max Z = 140 X1 + 345 X2 + 120 X3 + 260 X4 ( maximize total profit) Subject to 0.11 X1 + 0.13 X2 + 0.06 X3 + 0.07 X4 ≤ 200 (constraint on the available amount of wood) 2 X1 + 4.5 X2 + 1.5 X3 + 4 X4 ≤ 6000…A custom motor cycle shop is experiencing high demand from its customers for its services. The owner performs all tasks relating to customization. Assume each customer brings one motor cycle for customization. The owner needs to determine if he needs to add more help to meet customer demand. A week has 40 hours ( maximum amount of time for the owner to work) The maximum number of customizations that can be done per week is 10 bikes ( if there is no wasted time). The following is the data collected from observations for a typical week : Every Friday the shop is cleaned by the owner. This takes 4 hours. - 15 % of the customizations needs rework which takes 50 % more time than regular customization - 10 % of the customers will be called by the owner. This takes 2 hours per customer. Determine OEE. How should the owner handle the business ? Show all formulas used, calculations and results. Do on Blk Bd For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
