You are called on to decide how your company should produce its new cell phonescreen defroster (for use by skiers and others spending time out of doors in thecold). You develop a cost matrix ($000's), shown to the right. Complete parts a andb.ProductionOut-SourceIn-HouseState of Nature(State of the Economy)StableRecession200180a) Suppose P(Recession) = 0.1, P(Stable) = 0.3, and P(Expansion) = 0.6. What is the expected value of each action?EV(Out-Source) =thousand dollarsEV(In-House) = thousand dollars360230Expansion280400

Answered: Image /qna-images/answer/558e56f3-a7c9-4e3f-a514-7ff6fb0ce4b3.jpg

Answered: You are called on to decide how your…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Example 3. Food I contains 10 units of vitamin A and 12 unit of vitamin R gram and cost 20 paise per gram. Food II contains 7 unit of vitamin A and 15 unis of vitamin B and costs 18 paise per gram. The daily requirement of vitamin A and R are atleast 80 units and 90 units respectively. Formulate the above as an LPP to per minimise the cost. CS Scanned with CamScanner
The company has data on demand and factory capacity for the next 4 months as in the table. Unit cost with regular time $ 24, overtime cost $ 28, on subcontract $ 34. Storage costs $ 2 per unit per month; backorders cost $ 5 per unit per month. Initial inventory is as many as 120 units, and it is expected that by the end of July there will be an inventory of 100 units. April May June July Demand 460 450 480 480 Regular Capacity 370 370 380 380 Overtime Capacity 60 60 60 60 Subcontract Capacity 30 30 30 30 Use the transportation method to optimize the aggregate plan. Determine the production cost each month and the total cost for 4 months
4) PhotoMax makes disposable cameras that sell for $7.89 each and cost $3.24 each to produce. The weekly fixed cost for the company is $16500. a) Find equations for cost, revenue and profit functionsb) Graph each function on the same graph – indicate areas of profit and lossc) Find the break-even point
Suppose you are the marketing manager of a firm, and you plan to introduce a new product to the market. You have to estimate the first year net profit, which depends on several variables • Sales volume (in units) • Price per unit • Unit cost . Fixed costs Your net profit is net profit = sales volume x (price per unit-unit cost) - fixed cost The fixed cost is $120, 000, but other factors have some uncertainty. Based on your market research, there are equal chance that the market will be slow, ok, or hot. • Slow market the sales volume follows Poisson distribution with mean 50,000 units product, and the average price per unit is $11.00 ● Ok market the sales volume follows Poisson distribution with mean 75,000 units product, the average price per unit is $10.00 Hot market: the sales volume follows Poisson distribution with mean 100,000 units product, but the competition is severe so you expect the average price per unit is just $8.00 No matter what the market type is, your average unit…
Example 12.8. A firm uses milling machines, grinding machines and lathes to pro- duce two motor parts. The machining times required for each part, the machining times avail- able on different machines and the profit on each motor part are given below : Machining time reqd. for the motor part Max. time available per Type of machine (mts) week (minutes) I II 10 2,000 Milling machines Grinding machines Lathes. 2 900 12 3,000 Profit/ unit (Rs.) 100 40 Determine the number of parts I and II to be manufactured per week to maximize the profit. د ه
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A poultry raiser harvests an average of 300 eggs per day. He has recently experimented with different types of poultry feeds. As a result, he noticed some fluctuations in the number of eggs laid by the chickens, which is neither clearly higher nor lower than previous weeks. He decides to find out if there might be a significant change in the number of eggs laid by the chickens. He records his harvest of eggs for 20 days. He finds that the average per day is 290 eggs with a standard deviation of 15. At 5% Level of Significance, what did the poultry raiser concludes?
The table below show data that has been collected from different fields from various farms in a certain valley. The table contains the grams of Raspberries tested and the amount of their Vitamin C content in mg. Find a linear model that express Vitamin C content as a function of the weight of the Raspberries. Round your answers to 3 decimal places y= Raspberry Type Farm A - North Field Farm B - North Field Farm A - South Field Farm B - South Field Farm C -Small Field Farm D Farm E x+ grams 60 65 70 75 80 85 90 Vitamin C content in mg 14.3 16.1 18.9 20.3 22.8 25.5 27.5 According to this model, how many mg of Vitamin C can be expected in a raspberry that weighs 82 grams Round to 3 decimal places.
Pison/&user=tmorrison7&key%3DrotNBBCzVIsGRqZV8t.. Previous Problem Problem List Next Problem (1 point) Empathy means being able to understand what others feel. To see how the brain expresses empathy, researchers recruited 16 couples in their midtwenties who were married or had been dating for at least two years. They zapped the man's hand with an electrode while the woman watched, and measured the activity in several parts of the woman's brain that would respond to her own pain. Brain activity was recorded as a fraction of the activity observed when the woman herself was zapped with the electrode. The women also completed a psychological test that measures empathy. Subject 1 3 4 7 8 9 10 11 12 13 14 15 16 Empathy Score 41 48 39 56 64 63 59 53 Brain Activity -0.127 0.3910.02 0.378 0.015 0.404 0.11 0.513 0.149 0.736 0.254 0.573 0.217 0.72 0.355 0.786 47 52 64 73 12 68 28 120 1.2 sub ject Z F20 10,0 120 -8.4 Given that the equation for the regression line is y = 0.00619x +0.00032, what is…
ONLY ANSWER B3!!! The inventory manager at a warehouse distributor wants to predict inventory cost (Cost in $) based on order quantity (Quantity in units). She thinks it may be a nonlinear relationship because its two primary components move in opposite directions: (1) order processing cost (costs of procurement personnel, shipping, transportation), which decreases as order quantity increases (due to fewer orders needed), and (2) holding cost (costs of capital, facility, warehouse personnel, equipment), which increases as order quantity increases (due to more inventory held). She has collected monthly inventory costs and order quantities for the past 36 months. A portion of the data is shown in the accompanying table. Cost Quantity 54.4 844 52.1 503 60.2 300 53.8 869 51.7 525 57.1 1030 61.1 288 49.8 577 53.9 490 48.2 588 47.5 606 57.4 325 59.6 1160 58.2 1072 58.7 308 58.1 1140 48.4 627 63.4 214 62.5 207 62.5 1174 62.7 1190 61.2 1166…

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