
EBK PRODUCTION AND OPERATIONS ANALYSIS
7th Edition
ISBN: 8220102480681
Author: Olsen
Publisher: WAVELAND
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Chapter 11.8, Problem 24P
Summary Introduction
Interpretation:The important factors (quantifiable and otherwise) which would be considered while deciding the location of a new hospital in a city are to be summarized along with the effectiveness of quantitative methods.
Concept Introduction:Deciding the location of the office/service /manufacturing/education center for any new unit is a strategic decision which once taken and implemented, cannot be undone. This is a long term decision taken on the basis of many factors-quantitative and non-quantitative. Mathematical modelling can also be very useful for such decisions.
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As discussed in Section 8.3, the Markowitz model uses the variance of the portfolio as the measure of risk. However, variance includes deviations both below and above the mean return. Semivariance includes only deviations below the mean and is considered by many to be a better measure of risk.
(a) Develop a model that minimizes semivariance for the Hauck Financial data given in the file HauckData with a required return of 10%. Assume that the five planning scenarios in the Hauck Financial Services model are equally likely to occur. Hint: Modify model (8.10)-(8.19). Define a variable d for each
5
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scenario and let d≥ Ŕ – R¸ with d¸ ≥ 0. Then make the objective function: Min
1
5
Σας
Let
Min
s.t.
15
FS = proportion of portfolio invested in the foreign…
On a daily basis, the van is dispatched from Maplewood Hospital to pickup blood and platelet donations made at its local donation centers. The distances in
miles between all locations may be found in the table below.
Click the icon to view mileage data for Vampire Van.
a. The van travels from the Hospital (A) to (B) to (C) to (D) to (E) and then returns to the Hospital (A). What is the total number of miles that the van must
travel using this route?
Route ABCDEA requires a total distance of
miles. (Enter your response rounded to one decimal place.)
More Info
Maplewood
City Center
Westbrook
Hospital (A) Donation Site (B)
Donation Site (C)
Municipal Park
Donation Site (D)
Valley Hills
Donation Site (E)
Maplewood
3.1
5.3
3.2
4.4
Hospital (A)
City Center
3.1
6.7
2.2
4.3
Donation Site (B)
Westbrook
5.3
Donation Site (C)
19
6.7
|
6.2
2.5
Municipal Park
3.2
2.2
6.2
|
4.6
Donation Site (D)
Valley Hills
4.4
4.3
2.5
4.6
Donation Site (E)
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The Harvey Motorcycle Company produces three models: the Tiger, a sure-footed dirt bike; the LX2000, a nimble cafe racer; and the Golden, a large
interstate tourer. The month's master production schedule calls for the production of 32 Goldens, 31 LX2000s, and 38 Tigers per 10-hour shift.
What average cycle time is required for the assembly line to achieve the production quota in 10 hours? 0.099 hours per motorcycle. (Enter your response
rounded to three decimal places.)
If mixed-model scheduling is used, how many of each model will be produced before the production cycle is repeated?
The greatest common divisor of the production requirements is
Therefore, the Harvey Motorcycle Company will produce Goldens,
LX2000s, and
Tigers. (Enter your responses as integers.)
Chapter 11 Solutions
EBK PRODUCTION AND OPERATIONS ANALYSIS
Ch. 11.3 - Prob. 1PCh. 11.3 - Prob. 2PCh. 11.3 - Prob. 3PCh. 11.3 - Prob. 4PCh. 11.3 - Prob. 5PCh. 11.3 - Prob. 6PCh. 11.4 - Prob. 7PCh. 11.4 - Prob. 8PCh. 11.5 - Prob. 10PCh. 11.6 - Prob. 11P
Ch. 11.6 - Prob. 12PCh. 11.6 - Prob. 13PCh. 11.6 - Prob. 14PCh. 11.6 - Prob. 15PCh. 11.6 - Prob. 16PCh. 11.6 - Prob. 17PCh. 11.6 - Prob. 18PCh. 11.6 - Prob. 19PCh. 11.7 - Prob. 20PCh. 11.7 - Prob. 21PCh. 11.7 - Prob. 22PCh. 11.7 - Prob. 23PCh. 11.8 - Prob. 24PCh. 11.8 - Prob. 25PCh. 11.8 - Prob. 26PCh. 11.8 - Prob. 27PCh. 11.9 - Prob. 28PCh. 11.9 - Prob. 29PCh. 11.9 - Prob. 30PCh. 11.9 - Prob. 31PCh. 11.9 - Prob. 32PCh. 11.9 - Prob. 33PCh. 11.9 - Prob. 34PCh. 11.9 - Prob. 35PCh. 11.9 - Prob. 36PCh. 11.9 - Prob. 37PCh. 11.9 - Prob. 38PCh. 11.10 - Prob. 39PCh. 11.10 - Prob. 40PCh. 11.10 - Prob. 41PCh. 11.11 - Prob. 42PCh. 11.11 - Prob. 43PCh. 11.11 - Prob. 45PCh. 11 - Prob. 46APCh. 11 - Prob. 47APCh. 11 - Prob. 48APCh. 11 - Prob. 49APCh. 11 - Prob. 50APCh. 11 - Prob. 51APCh. 11 - Prob. 52APCh. 11 - Prob. 53APCh. 11 - Prob. 54APCh. 11 - Prob. 55APCh. 11 - Prob. 56APCh. 11 - Prob. 58AP
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