OPERATIONS MANAGEMENT: SUSTAIN ACCESS C
13th Edition
ISBN: 9780135662076
Author: HEIZER
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 15, Problem 11DQ
Summary Introduction
To define: Assignment method
Introduction:
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Question 34
The term "soft constraints" is associated with which of the following?
Goal Programming
Expected Monetary Value
Network Models
Integer Programming
QUESTION 10
A manufacturing facility is manufacturing a new tablet. The tables are formed by mother board, memory chips, and touch display. A tablets requires one mother
board and 1 touch display. The motherboard requires two memory chips. Once that all pieces are in the plant it takes 2 weeks to assemble the final product. TH
projected demand for weeks 6 to 10 are: 120, 170, 250, 200, and 125. The company has for week 6 already 60 tablets. The company also need to have at the
end of week 10 an inventory of 50 tablets.
Tablet
(2 weeks)
Touch display (1)
Motherboard (1)
(1 weeks)
(1 weeks)
Memory chip[s (2)
(2 weeks)
With the lot for lot policy, determine the planned order released for the memory chips and the starting week.
Starting Week:
Order Policy by Period:
Question 3 A research collaboration can be enhanced by: Limiting the communication between researchers and industry partners. Avoiding the issue of which journal to target since research team members might disagree. Discussing intellectual property issues while the collaboration is forming. Waiting to discuss authorship issues until after data collection. Question 4 In any collaboration, data ownership is typically determined by: The research team with access to the best lawyers. The individual who does the most work on the project. The type and source of funds used to support the project. The relevant department chairs.
Chapter 15 Solutions
OPERATIONS MANAGEMENT: SUSTAIN ACCESS C
Ch. 15 - Prob. 1DQCh. 15 - Prob. 2DQCh. 15 - Prob. 3DQCh. 15 - Prob. 4DQCh. 15 - Prob. 5DQCh. 15 - Prob. 6DQCh. 15 - Prob. 7DQCh. 15 - Prob. 8DQCh. 15 - Prob. 9DQCh. 15 - Prob. 10DQ
Ch. 15 - Prob. 11DQCh. 15 - Prob. 12DQCh. 15 - Prob. 13DQCh. 15 - Prob. 1PCh. 15 - Prob. 2PCh. 15 - Prob. 3PCh. 15 - Prob. 4PCh. 15 - Prob. 5PCh. 15 - Prob. 6PCh. 15 - Prob. 7PCh. 15 - Prob. 8PCh. 15 - Prob. 9PCh. 15 - Prob. 15PCh. 15 - Prob. 16PCh. 15 - Prob. 17PCh. 15 - Prob. 18PCh. 15 - Prob. 19PCh. 15 - Prob. 20PCh. 15 - Prob. 21PCh. 15 - Prob. 22PCh. 15 - Prob. 23PCh. 15 - Prob. 29PCh. 15 - Prob. 30PCh. 15 - Prob. 10PCh. 15 - Prob. 11PCh. 15 - Prob. 12PCh. 15 - Prob. 14PCh. 15 - Prob. 1CSCh. 15 - Prob. 2CSCh. 15 - Prob. 3CSCh. 15 - Prob. 4CSCh. 15 - Prob. 1.1VCCh. 15 - Prob. 1.2VCCh. 15 - Prob. 1.3VCCh. 15 - Prob. 1EDCh. 15 - Prob. 2.1VCCh. 15 - Prob. 2.2VCCh. 15 - Prob. 2.3VCCh. 15 - Prob. 2.4VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Question type: Module B Linear Programming Each coffee table produced by Kevin Watson Designers nets the firm a profit of $12. Each bookcase yields a $22 profit. Watson's firm is small and its resources limited. During any given production period (of 1 week), 20 gallons of varnish and 32 lengths of high-quality redwood are available. Each coffee table requires approximately 1 gallon of varnish and 2 length of redwood. Each bookcase takes 1 gallon of varnish and 1 lengths of wood. Formulate Watson's production-mix decision as a linear programming problem, and solve. How many tables and bookcases should be produced each week? What will the maximum profit be?arrow_forwardQuestion 3: Table 2A Expected return for asset x (%) 13 Risk free rate (%) 5 Beta of asset X 0.85 Table 2B Expected portfolio return Portfolio beta Proportion of portfolio in Asset X 0.00 0.25 0.50 0.75 1.00 1.25 There are two portfolio choices. Portfolio A comprises of stocks from following companies: Clothing materials, beauty products, footwear and handbags. Portfolio B consists of stocks from following business: crude oil, information technology, food products and electircal goods. From a diversification perspective, which portfolio will be a better investment? Explain your reasoning in no more than 75 words.arrow_forwardQUESTION 1 Kofi Kwakye is a 17-year old final year Senior High student from a wealthy home. His academic life had been quite eventful, as he had been part of the top 10 students in his class and had dropped to be part of the last 10 students during the past school term. On 28th May 2022, in the heat of the preparation towards the final examination, Kofi Kwakye took exeat from school to acquire some "provisions" to enable him cope during the final exam period, which was three months ahead. He entered a shop in Accra and, instead of focusing on the "provisions", he purchasee the following items: Microsoft Xbox, the latest iPhone, and a three-piece suit by Pierre Cardin. Kofi Kwakye did not have enough money to pay for all the items at once. He, therefore, agreed with the shop owner, Mr. Ametepe, to pay the outstanding amount owed in five instalments. However, after paying the first instalment, Kofi Kwakye fell into arrears. The two parties then entered into another arrangement under…arrow_forward
- Question #2 Consider the following LP formulation: Maximize Z= 2x1 + X2 -3x3+5x4 Subject to X1 +2x2 +2x3+4x4Sb1 2x1 -X2 +X3+2x4arrow_forwardQuestion 2 Colonial Furniture produces hand-crafted colonial style furniture. Plans are now being made for the production of rocking chairs, dining room tables, and/or armoires over the next week. These products go through two stages of production (assembly and finishing). The table in the next column gives the time required for each item to go through these two stages, the amount of wood required (fine cherry wood), and the corresponding unit profits, along with the amount of each resource available next week. Assembly Rocking Chair Dining 180 Room Table Armoire Available 100 120 3,600 (minutes) Finishing 60 80 80 2,000 (minutes) Wood 30 180 120 4,000 (pounds) Unit Profit $240 $720 $600 A linear programming model has been formulated in a spreadsheet to determine the production levels that would maximize profit. The solved spreadsheet model and corresponding sensitivity report are shown below. Answer the following questions (a-i) using the output please be brief. If there are two…arrow_forwardQUESTION 8 The variable to remove from the current basis is O the variable with the biggest positive ratio value. O the variable with the smallest positive ratio value O the variable with the smallest positive cj - zj value. O the variable with the biggest positive cj - zj value.arrow_forwardQuestion 4 Cost-benefit-tradeoff problems are linear programming problems involving the allocation of limited resources to activities. O True O Falsearrow_forwardQuestion 2 (Linear Programming) -: The government of Ghana has available GH¢1 billion earmarked for financing the Free SHS next year. Instead of letting this money sit in a bank account for a paltry 6% risk free interest rate, it has decided to invest half of the money in four stocks on the Ghana Stock Exchange (GSE). The four stock options the government is considering and the relevant financial data are as follows: Stock A В C D Price Per Share (in GH¢) 100 50 80 40 Annual Return (in GH¢) 18 6. 8 8. Possible Loss Per Share (in GH¢) 10 6. 6. 5 However, the annual return is only a forecast (provided by experts at the ministry of finance), and could be worse or better – a risk that the government has been advised to be worry of in order not to jeopardize the finances of the Free SHS program. For example, though a share of stock A could yield a return amount of GH¢18, it is also likely it could lead to a loss of GH¢10. In order to minimize the risk (i.e. losses) associated with investing…arrow_forwardQuestion Consider the following transactions occurring during a given fortnight. Remi's wage for his casual job is $600, paid on his bank transaction account (transaction 1); his scholarship allowance for studying is $150, paid on his bank transaction account (transaction 2); he pays a rent of $250 through a bank account transfer (transaction 3); the coupons on his portfolio of bonds pays $70 on his transaction account (transaction 4); he receives $350 in his transaction account for selling shares he had bought at $300 (transaction 5); he buys a TV worth $920 with his debit card (transaction 6). Draw Remi's balance sheet and represent how the six transactions above have affected it. Use one single balance sheet, indicate the value of the variations (sign followed by a number) and use only one name for each item [example: equity name appears only once even if several transactions are under equity] No explanations are required. How much of the funding of the TV comes from…arrow_forwardQuestion 2: A manufacturing company produces 2 products, air conditioners and fan heaters: Each air-conditioner requires 3 hrs of wiring and 2 hrs drilling. Each heater needs 2 hrs wiring and 1 hr drilling. During the next production period, there are 240 hrs of wiring time available and 140 hours of drilling time. Each air-conditioner sold yields a profit of 25€. Each heater can be sold for 15€. Formulate this production-mix Linear Programming problem and find the combination of air-conditioners and heaters which gives the most profit.arrow_forwardQUESTION THREEGiven the LP below:a) Solve the problem using big M-methodMinimize Z = 3X1 +4X2s.t 4X1 + X2 ≥ 30−X1 − 4X2 ≤ −184X1 + 3X2 ≥ 28X1, X2, ≥ 0arrow_forwardQUESTION #2 The Kitchen Company manufactures two products: upper Wood cabinets and lower countertops cabinets, which are handled in five departments: cut Wood, cut Stone, sanding, finishing, and assembly. Cabinets are made of bare Wood. Countertops necessitate the use of Wood and Stone. Adhesive and nails are available and constitute a very little cost that is factored into operating costs. The table below lists the precise criteria for each product. Resource or Activity & (Quantity available per month) Required per Upper Cabinets 10 board ft @ $10 = $100 Wood (4,300 board feet) Stone (2,500 yards) Cut Wood (280 hours) Cut Stone (140 hours) Sand (280 hours) Finish (140 hours) Assemble (700 hours) 90 minutes The Company's operating expenses are $75,000 per month. Based on current demand, the company can sell 300 Cabinets and 180 Counters per month. Sales prices are $300 for Cabinets and $500 for Counters. Required: 30 minutes 30 minutes 20 minutes Required per Counters Cabinets 60…arrow_forwardarrow_back_iosSEE MORE QUESTIONSarrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.