Valencia Products make automobile radar detectors and assembles two models: LaserStop and SpeedBuster. Both models use the same electronic components. After reviewing the components required and the profit for each model, the firmfound the following linear optimization model for profit, where x is the number of LaserStop models produced and y is the number of SpeedBuster models produced. Graph the constraints and identify the feasible region. Then identify each ofthe corner points and show how increasing the objective function value identifies the optimal solution.Maximize Profit=124x+138y19x+12y ≤ 30006x + 7y ≤2500x≥0 and y≥0OB.800-Ay800-QQ408406G50 65x400800O C.800400O D.Ay800-Q400800Identify the vertices of the given feasible region.(0, 0), (0, 250), (157.89, 0)(Type an ordered pair, using integers or decimals rounded to two decimal places as needed. Use a comma to separate answers as needed.)The optimal solution is to produce LaserStop models and SpeedBuster models, which gives the(Round to two decimal places as needed.)value of the objective function,400 800x

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Answered: Valencia Products make automobile radar…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter28: Statistics And Linear Regression (stats)

Section: Chapter Questions

Problem 4R

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Valencia Products makes automobile radar detectors and assembles two models: LaserStop and SpeedBuster. Both models use the same electronic components. After reviewing the components required and the profit for each model, the firm found the following linear optimization model for profit, where L is the number of LaserStop models produced and S is the number of SpeedBuster models produced. Implement the linear optimization model on a spreadsheet and use Solver to find an optimal solution. Interpret the optimal solution, identify the binding constraints, and verify the values of the slack variables. Maximize Profit 123 L+ 137 S 18 L+11 S≤ 5000 6L+8S≤4500 L≥0 and S≥0 (Availability of component A) (Availability of component B) Implement the linear optimization model and find an optimal solution. Interpret the optimal solution. The optimal solution is to produce LaserStop models and SpeedBuster models. This solution gives the (Type integers or decimals rounded to two decimal places as…
Hudson Corporation is considering three options for managing its data warehouse: continuing with its own staff, hiring an outside vendor to do the managing, or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands of dollars) depends on demand as follows: If the demand probabilities are 0.2, 0.5, and 0.3, which decision alternative will minimize the expected cost of the data warehouse? What is the expected annual cost associated with that recommendation? Construct a risk profile for the optimal decision in part (a). What is the probability of the cost exceeding $700,000?
If Promus could make order amounts after realizing demand, what would the expected value of this information be? Use the simulation results to calculate the mean profit of this case to compare with the mean profit of the non-perfect information case. You will need to enter a formula for Sales.
Below are four cases that you will have to solve using Excel spreadsheets. 3rd Case The company MEGAMAX SA is analyzing two possibilities to expand the market , one of them is to choose to expand the plant to be able to produce a greater number of products, the other option is to diversify production with different new products to take advantage of the facilities that currently owns; The information and projections you have to be able to carry out the analysis to make a decision are the following: PROJECT Initial investment INCOME EXPENSES INCOME Extension $810,000 EXPENSES Diversification $900,000 It is requested: Concept Year 1 cash flows 5. Determine the internal rate of return. 6. Determine the present value. 7. Determine the recovery period. 8. Define which is the most viable project. Year 2 cash flows $1,000,000 $400,000 The discount rate for the project will be 12%, and investors propose a MARR of 28%. $550,000 $600,000 $1,100,000 $900,000 $400,000 $500,000 Year 3 cash flows…
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Carizick Co manufactures gaming products. It has created a new games console called the QpBox which is about to be launched. Demand for the QpBox is anticipated to be high. The product life cycle of the QpBox is expected to be three years with 300,000 units forecast to be sold during its first year. Sales volumes are expected to decrease by 75,000 units in each subsequent year. Production volumes will be based on expected demand levels. The following costs for the QpBox have been determined: Design and development Pre-launch advertising Advertising in Year 2 Packaging Manufacturing cost $120m $0.5m $0.4m $3 per unit $80 per unit At a recent board meeting, the finance director said that Carizick Co should look to maximise the profitability of the QpBox over its life cycle. The marketing director made the comment that Carizick Co should focus on extending the maturity phase of the life cycle only as this stage is where the QpBox is most profitable. Contract with Zone Co Carizick Co has…
Using the data in E4-2 and spreadsheet software, determine: The variable cost per unit, the total fixed cost, and R2. The plotted data points using the graphing function. Compare the results to your solutions in E4-2 and E4-3 and explain the reasons for the results.
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Cost drivers and value chain. Torrance Technology Company (TTC) is developing a new touchscreen smartphone to compete in the cellular phone industry. The company will sell the phones at wholesale prices to cell phone companies, which will in turn sell them in retail stores to the final customer. TTC has undertaken the following activities in its value chain to bring its product to market:A. Perform market research on competing brands Design a prototype of the TTC smartphone Market the new design to cell phone companies Manufacture the TTC smartphone Process orders from cell phone companies Deliver the TTC smartphones to the cell phone companies Provide online assistance to cell phone users for use of the TTC smartphone Make design changes to the smartphone based on customer feedback During the process of product development, production, marketing, distribution, and customer service, TTC has kept track of the following cost drivers: Number of smartphones shipped by TTC Number of…
You are running an active strategy and you are told by your boss to use a universe of 100 market drivers in order to create a statistical model that beats a certain index. You are told that one way to do this is to use multivariate regression models. Explain carefully the main steps you would take to do that.

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