The USA Feeds, Inc. produces specially blended feed supplements. It has an order of 400 pounds of the mixture. This consists of two ingredients: P, a source of protein, and C, a carbohydrate source. The first ingredient P, cost $6 a pound. The second ingredient C, costs $16 a pound. The mixture cannot be more than 150 pounds P, and it must have at least 200 pounds C.
Q: Assume the demand for a company's drug Wozac during the current year is 50,000, and assume demand…
A: The difference between the present value (PV) of a prospective sequence of cash inflows versus…
Q: Required: Solve for the variable and fixed cost component using: a.) High- Low Method b.) Least-…
A: THE ANSWER IS AS BELOW:
Q: A sporting goods store sells footballs, basketballs, and volleyballs. A football costs $7, a…
A: Given Information: Cost of a football = $ 7 Cost of a basketball = $ 15 Cost of a volleyball = $…
Q: CWD Electronics sells computers, which it orders from the USA. Because of shipping and handling…
A: a) To construct the appropriate random number mappings, you can use the probabilities provided for…
Q: onomic Order Quantity Q* balloons anual Inventory Holding Cost dollars anual Ordering Cost O dollars…
A: We are allowed to do first three sub-parts only. The answer is as below:
Q: CWD Electronics sells Televisions (TV), which it orders from the USA. Because of shipping and…
A: Given, Lead time (weeks) Probability Demand/week Probability 1 0.45 1 0.15 2…
Q: Zara stores in the United States stocks a particular type of designer denim jeans in the United…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Cantel Company produces cleaning compounds for both commercial and household customers. Some of…
A: to find:the minimum number of units of SilPol to be sold in order to justify further processing of…
Q: A trust officer at the Blacksburg National Bank needs to determine how to invest $150,000 in the…
A: Let the amount invested in Bond A be Xa, Bond B be Xb, Bond C be Xc, Bond D be Xd, and Bond E be Xe…
Q: You work for a small retail store. You must decide how many cases of kombucha to order. Twenty cases…
A: definition for each of the decision criteria is given below:Maximin: Choose the decision with the…
Q: FarmFresh Foods manufactures a snack mix called TrailTime by blending three ingredients: a dried…
A: Given Information: D = Number of ounces of dried fruit mix in the blend N = Number of ounces of nut…
Q: FRUIT COMPUTER COMPANY Fruit Computer Company manufactures memory chips in batches of ten chips.…
A:
Q: Long-Life Insurance developed a linear model to determine the amount of term life insurance a family…
A: Linear regression models the relationship between the dependent variable and the independent…
Q: Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands and selling…
A: Businesses need to be mindful of the association between revenue, demand, and selling price as they…
Q: COMPUTING REORDER POINTS (ROP) FOR IPHONES WITH AND WITHOUT SAFETY STOCKAn Apple store has a demand…
A:
Q: What values will be shown in the following cells? (Negative values should be indicated by a minus…
A:
Q: In Macroland there is $8,000,000 in currency. The public holds 60% of the currency and banks hold…
A: To solve this problem, we need to use the concept of the money multiplier and the relationship…
Q: CWD Electronics sells Televisions (TV), which it orders from the USA. Because of shipping and…
A: In-stock units = 3Lead time = 2 weeks
Q: Zara stores in the United States stocks a particular type of designer denim jeans in the United…
A: Decision Variables: Suppose- X be the no. of jeans purchased from the Hong Kong supplierY the no. of…
Q: A trust officer at the Blacksburg National Bank needs to determine how to invest $100,000 in the…
A: Given data: Bond Annual Return Maturity Risk Tax-Free A 9.5% Long High Yes…
Q: The accompanying table shows a bookstore's estimated demand for a new calendar. The bookstore needs…
A: Below is the solution:-
Q: Use preemptive goal programming to determine GI's production and financial strategy
A: Employing preemptive goal programming as a strategic decision-making methodology involves…
Q: A home improvement store sells hydrangea plants during the spring planting season. The hydrangeas…
A: Cost = $15 per unit Selling price = $45 per unit Salvage value = $7 per unit Service level = 99%…
Q: A trust officer at the Blacksburg National Bank needs to determine how to invest $150,000 in the…
A: Linear programming is a mathematical method used to find the best possible outcome or solution from…
Q: You operate a small wooden toy company making two products: alphabet blocks and wooden trucks. Your…
A: Woodworking Painting Profit Alphabet blocks (X1) 1 2 30 Wooden Trucks (X2) 3 1 40…
Q: You are a Business Analyst working for the ABC Ball Bearing company. An hour ago, you sent an order…
A: Sampling bias - Sampling bias happens when a few individuals from a populace are efficiently bound…
Q: Formulate and then solve a linear programming model of this problem, to determine how manycontainers…
A: Given Information: Orange Juice Grapefruit Juice Pineapple juice All-in-one Retail…
Q: Software EG, a retail company, orders two kinds of software from TeleHard Software. Annually,…
A: Product 1: Annual Demand = D = 800 Purchasing Cost = $30 per unit Holding Cost = H = $5 per unit per…
Q: 5. A mixture of pellets is to be made containing x regular pellets, y large pellets and z extra…
A: given,
Q: Consider the following system of taxation, which has been labelled degressive. The first $30.000 of…
A: A) marginal rate on $3000=0 Marginal rate on $10000=0 Marginal rate on $100000=30% B) Average rate…
Q: 4. You are in charge of loading cargo ships at a major East Coast port. You have been asked to…
A: Commodity Tons Avail. Volume/ton (cubic ft) Profit/ton($) 1 4000 40 70 2 3000 25 50 3 2000 60…
Q: Martin owns an older home, which requires minor renovations. However, the neighborhood where Martin…
A: The objective of the question is to understand the factors that might lead to an increase in the…
The USA Feeds, Inc. produces specially blended feed supplements. It has an order of 400 pounds of the mixture. This consists of two ingredients: P, a source of protein, and C, a carbohydrate source. The first ingredient P, cost $6 a pound. The second ingredient C, costs $16 a pound. The mixture cannot be more than 150 pounds P, and it must have at least 200 pounds C.
USE SIMPLEX LINEAR PROGRAMMING METHOD TO SOLVE how much of each ingredient to use to minimize the cost, but satisfy the requirement. SHOW STEP-BY-STEP PROCESS/SOLUTION.
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps with 5 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- The annual demand for Prizdol, a prescription drug manufactured and marketed by the NuFeel Company, is normally distributed with mean 50,000 and standard deviation 12,000. Assume that demand during each of the next 10 years is an independent random number from this distribution. NuFeel needs to determine how large a Prizdol plant to build to maximize its expected profit over the next 10 years. If the company builds a plant that can produce x units of Prizdol per year, it will cost 16 for each of these x units. NuFeel will produce only the amount demanded each year, and each unit of Prizdol produced will sell for 3.70. Each unit of Prizdol produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. a. Among the capacity levels of 30,000, 35,000, 40,000, 45,000, 50,000, 55,000, and 60,000 units per year, which level maximizes expected profit? Use simulation to answer this question. b. Using the capacity from your answer to part a, NuFeel can be 95% certain that actual profit for the 10-year period will be between what two values?Suppose you begin year 1 with 5000. At the beginning of each year, you put half of your money under a mattress and invest the other half in Whitewater stock. During each year, there is a 40% chance that the Whitewater stock will double, and there is a 60% chance that you will lose half of your investment. To illustrate, if the stock doubles during the first year, you will have 3750 under the mattress and 3750 invested in Whitewater during year 2. You want to estimate your annual return over a 30-year period. If you end with F dollars, your annual return is (F/5000)1/30 1. For example, if you end with 100,000, your annual return is 201/30 1 = 0.105, or 10.5%. Run 1000 replications of an appropriate simulation. Based on the results, you can be 95% certain that your annual return will be between which two values?You want to take out a 450,000 loan on a 20-year mortgage with end-of-month payments. The annual rate of interest is 3%. Twenty years from now, you will need to make a 50,000 ending balloon payment. Because you expect your income to increase, you want to structure the loan so at the beginning of each year, your monthly payments increase by 2%. a. Determine the amount of each years monthly payment. You should use a lookup table to look up each years monthly payment and to look up the year based on the month (e.g., month 13 is year 2, etc.). b. Suppose payment each month is to be the same, and there is no balloon payment. Show that the monthly payment you can calculate from your spreadsheet matches the value given by the Excel PMT function PMT(0.03/12,240, 450000,0,0).
- CWD Electronics sells Televisions (TV), which it orders from the USA. Because of shipping and handling costs, each order must be for 5TVs. Because of the time it takes to receive an order, the company places an order every time the present stock drops to 5 TVs. It costs $50 to place anorder. It costs the company $500 in lost sales when a customer asks for a TV and the warehouse is out of stock. It costs $100 to keep each TV stored in the warehouse. If a customer cannot purchase a TV when it is requested, the customer will not wait until one comes in but will go to a competitor.The following probability distribution for demand for TV has been and the time required to receive an order once it is placed (lead time) has the following probability distribution: (Attached) The company has 3 TVs in stock. Orders are always received at the beginning of the week.Note that a lead time of 2 weeks imply that an order placed in week one will arrive in week 4. The time required to receive an order…CWD Electronics sells Televisions (TV), which it orders from the USA. Because of shipping and handling costs, each order must be for 10 TVs. Because of the time it takes to receive an order, the company places an order every time the present stock drops to 5 TVs. It costs $50 to place an order. It costs the company $200 in lost sales when a customer asks for a TV and the warchouse is out of stock. It costs $50 to keep each TV stored in the warehouse. If a customer cannot purchase a TV when it is requested, the customer will not wait until one comes in but will go to a competitor. The following probability distribution for demand for TV has been and the time required to recæive an order once it is placed (lead time) has the following probability distribution: Lead time (weeks) Probability Demand/ week Probability 0.45 0.15 2 0.30 025 0.25 3 0.40 020 The company has 10 TVs in stock. Orders are always received at the beginning of the week. Note that a lead time of 2 weeks imply that an…Use excel for this problem A trust officer at the Blacksburg National Bank needs to determine how to invest $150,000 in the following collection of bonds to maximize the annual return. Bond Annual Return Maturity Risk Tax Free A 9.5% Long High Yes B 8.0% Short Low Yes C 9.0% Long Low No D 9.0% Long High Yes E 9.0% Short High No The officer wants to invest at least 40% of the money in short-term issues and no more than 20% in high-risk issues. At least 25% of the funds should go in tax-free investments, and at least 45% of the total annual return should be tax free. Formulate the LP model for this problem. Create the spreadsheet model and use Solver to solve the problem.
- A trust officer at the Blacksburg National Bank needs to determine how to invest $100,000 in the following collection of bonds to maximize the total annual return (before tax). Bond Annual Return Maturity Risk Tax-Free A 9.5% Long High Yes B 8.0% Short Low Yes C 9.0% Long Low No D 9.0% Long High Yes E 9.0% Short High No The officer wants to invest as least 50% of the money in short-term issues and no more than 50% in high-risk issues. At least 30% of the funds should go in tax-free investments, and at least 40% of the total annual return should be tax free. Suppose the decision variable represents the amount of money invested in bond for . Formulate a linear programming (LP) model to solve the optimal strategy. 1. Write down the constraint using the defined decision variables requiring “invest as least 50% of the money in short-term issues”. 2. Write down the constraint using the defined decision…1) You operate a small wooden toy company making two products: alphabet blocks and wooden trucks. Your profit is $30 per box of blocks and $40 per box of trucks. Producing a box of blocks requires one hour of woodworking and two hours of painting; producing a box of trucks takes three hours of woodworking but only one hour of painting. You employ three wood workers and two painters, each working 40 hours per week. How many boxes of blocks (X1) and trucks (X2) should you make each week to maximize profit? Solve graphically as a linear program.A trust officer at the Blacksburg National Bank needs to determine how to invest $150,000 in the following collection of bonds to maximize the annual return. Bond Annual Return Maturity Risk Tax Free A 9.5% Long High Yes B 8.0% Short Low Yes C 9.0% Long Low No D 9.0% Long High Yes E 9.0% Short High No The officer wants to invest at least 40% of the money in short-term issues and no more than 20% in high-risk issues. At least 25% of the funds should go in tax-free investments, and at least 45% of the total annual return should be tax free. Formulate the LP model for this problem. Create the spreadsheet model and use Solver to solve the problem. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- write a linear program that will maximize profits. You don’t need to solve it. Hint: Define your variables as: Xij = tons of commodity i loaded into cargo hold jAssume the demand for a company's drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost $16x. Each unit of Wozac is sold for $3. Each unit of Wozac produced incurs a variable production cost of $0.20. It costs $0.40 per year to operate a unit of capacity. a. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years. Consider a capacity range from 40,000 to 80,000, at 5,000 unit increments. 80,000 b. Determine how large a Wozac plant the company should build to maximize its NPV over the next 10 years. Consider a capacity range from 40,000 to 80,000, at 5,000 unit increments, and assume a 10% discount rate. 40,000You work for a small retail store. You must decide how many cases of kombucha to order. Twenty cases fit on a pallet and because of shipping costs, orders must be placed in multiples of 20. You can either order 20, 40, 60, 80 or 100 cases. Each case costs $15. If you order more than 1 pallet, you receive a discount of 5% per additional pallet ordered (2 pallets would be 5%, 3 would be 10%, etc). The cases can be sold for $25 each. Any that are left unsold can be sold to a discount store for $10. Your records suggest that the probability that you will sell 25 cases is 20%, 45 cases is 45%, 65 cases is 20% and 85 cases is 15%. a) Construct a payoff table to provide reflect the decisions and outcomes What would be your decision based on each of the following? Maximin Maximax Minimax regret Expected value Overall - what would you do? Why?
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)