What is the best of the worst decisionalternative?DİHL Co. is a Danao-based logisticscompany owned by Engr. Donald H. Lalican.Anticipating the growing demand fordelivery services, he developed a strategicplan for the year 2022. The options are tohire additional delivery crews in theirMandaue facility, construct a new facility inTalisay City, or subcontract Ohlala Move, asmall-time company. A study conducted bythe marketing department forecasted thefollowing payoff values, which aresummarized in the table below. The valuesare expressed as gains and alpha = 0.6.States of NatureDecision AlternativesFailureLowModerateHighHire additional Drivers in Mandaue-450,000-250,000250,000500,000Construct a facility in Talisay-800,000-400,000300,000700,000Subcontracting Ohlala Move-100,000-10,000150,000300,000Hire Additional Drivers in MandaueConstruct a Facility in TalisayO Subcontracting Ohlala MoveBoth Construct a Facility in Talisay andSubcontracting Ohlala MoveNone of Them

Answered: What is the best of the worst decision…

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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Formulate the logistics planning problem for an auto parts maker to make it amenable to the application of a planning algorithm such as the POP algorithm discussed in class. The initial state is where a consignment of auto parts has been manufactured and is ready for shipment at the manufacturing facility in Sydney, Australia. The goal state is where the consignment has been delivered to the customer premises in Detroit, USA.
Small Potatoes is a family-operated seed business that has grown rapidly. It specializes in supplying home gardeners with the finest seeds and gardening supplies. Until now, the firm has done all its business by placing ads in gardening and health magazines and taking orders using a toll-free telephone number. Now, the family has decided to establish a website and sell online, but there is some disagreement about the best way to proceed. Some say it would be better to develop the site on their own, and one of the employees, who is a recent computer science graduate, believes she can handle the task. Others feel it would be better to outsource the site and focus on the business itself. Suppose the family asked for your opinion. What would you say? What additional questions would you ask?
Beagle Clothiers uses a weighted score for the evaluation and selection of its suppliers of trendy fashion garments. Each supplier is rated on a 10-point scale (10 = highest) for four different criteria: price, quality, delivery, and flexibility (to accommodate changes in quantity and timing). Because of the volatility of the business in which Beagle operates, flexibility is given twice the weight of each of the other three criteria, which are equally weighted (the sum of the four weights equals 1). The table shows the scores for three potential suppliers for the four performance criteria. 9 Rating Supplier A Supplier B Supplier C 8 5 Criteria 1. Price 2. Quality 3. Delivery 8 9 6 5 6 8 4. Flexibility 7 9 6 Based on the highest weighted score, which supplier should be selected? Supplier should be selected, with a total weighted score of. (Enter your response rounded to one decimal place.)
Need answer for no.4 pls, thank you! 4. What are the logistics issues?
The King Corn Company processes food for sale in discount food stores. It has two plants: one in Chicago and one in Houston. The company also operates warehouses in Miami, Denver, Lincoln, and Jackson. Forecasts indicate that demand soon will exceed supply and that a new plant with a capacity of 6,000 cases is needed. The question is where to locate the new plant. Two potential sites are Auburn and Springfield. The two tables below give data on capacities, forecasted demand, and shipping costs that have been gathered. a. Foreachalternativenewplantlocation, determine the total cost of the shipping pattern that will minimize total transportation costs. Where should the new plant be located based on transportation costs?
to celebrate the end of high school and the beginning of college, frankie is planning to spend three months backpacking through europe. frankie wants to see a lot of sites and do a lot of things, but he doesn't have much cash to spend. Given his financial situation, what type of lodging property would you recommended to Frankie for his trip? a. sleeping room or hostel b. destination resort c. timeshare resort d. extended stay hotel
A small firm produces and sells automotive items in a five-state area. The firm expects to consolidate assembly of its battery chargers line at a single location. Currently, operations are in three widely scattered locations. The leading candidate for location will have a monthly fixed cost of $42,000 and variable costs of $3 per charger. Chargers sell for $7 each. Prepare a table that shows total profits, fixed costs, variable costs, and revenues for monthly volumes of 10,000, 12,000, and 15,000 units. What is the break-even point?
Sports of All Sorts produces, distributes, and sells high-quality skateboards. Its supply chain consists of three factories (located in Detroit, Los Angeles, and Austin) that produce skateboards. The Detroit and Los Angeles facilities can produce 350 skateboards per week, but the Austin plant is larger and can produce up to 700 skateboards per week. Skateboards must be shipped from the factories to one of four distribution centers, or DCs (located in Iowa, Maryland, Idaho, and Arkansas). Each distribution center can process (repackage, mark for sale, and ship) at most 500 skateboards per week. Factory/DCs Detroit Los Angeles Austin 1 2 3 Retailers/DCs Just Sports Sports 'N Stuff Iowa The Sports Dude 25.00 35.00 40.00 8 9 4 1 Shipping Costs ($ per skateboard) Iowa 30.00 27.50 Maryland 30.00 25.00 4 45.00 40.00 Skateboards are then shipped from the distribution centers to retailers. Sports of All Sorts supplies three major U.S. retailers: Just Sports, Sports 'N Stuff, and The Sports…
Read the scenarios below to answer the following question : After operating from the founder’s garage for three years, the team at Yebo Sauce, a condiment manufacturing business, that is dealing primarily in table sauces, has decided that it is time to expand their operation to the rest of Gauteng province. The implication of this expansion is that they need to introduce wide-ranging supply chain management processes within the business. As the newly appointed head for the logistics part of the operation, your primary focus is to align all employees and managers to the key concepts, processes and implications of adopting the necessary supply chain processes. Sauces & Spices Revenue in the Sauces & Condiments segment amounts to US$486.40m in 2022. The market is expected to grow annually by 3.49% (CAGR 2022-2027). In global comparison, most revenue is generated in China (US$38.24bn in 2022). In relation to total population figures, per person revenues of US$8.01 are generated in…
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Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a two-day seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $610 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $8,160. Micromedia rents computers for its seminars at a cost of $135 per computer per day. (a) Develop a model for the total cost (C) to put on the seminar. Let x represent the number of students who enroll in the seminar. C = (b) Develop a model for the total profit (P) if x students enroll in the seminar. P = (c) Micromedia has forecast an enrollment of 50 students for the seminar. How much profit will be earned if their forecast is accurate? P(50) = $ (d) Compute the break-even point. X =
Explain why once revenue and total logistics costs are considered together, the optimal number of facilities in a distribution network may well increase compared to the optimal number of facilities based on total logistics costs only. Include details about the behavior of relevant cost and revenue elements.

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