![MindTap Business Statistics for Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition, [Instant Access], 2 terms (12 months)](https://s3.amazonaws.com/compass-isbn-assets/textbook_empty_images/large_textbook_empty.svg)
MindTap Business Statistics for Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition, [Instant Access], 2 terms (12 months)
8th Edition
ISBN: 9781337274876
Author: Cliff Ragsdale
Publisher: Cengage Learning US
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 3, Problem 38QP
a)
Summary Introduction
To formulate: A linear programming model for the problem.
b)
Summary Introduction
To develop: A spreadsheet model and solve using solver.
c)
Summary Introduction
To identify: The optimal solution.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Companies A, B, and C supply components to three plants (F, G, and H) via two crossdocking facilities (D and E). It costs $4 to ship from D regardless of final destination and $3 to ship to E regardless of supplier. Shipping to D from A, B, and C costs $3, $4, and $5, respectively, and shipping from E to F, G, and H costs $10, $9, and $8, respectively. Suppliers A, B, and C can provide 200, 300 and 500 units respectively and plants F, G, and H need 350, 450, and 200 units respectively. Crossdock facilities D and E can handle 600 and 700 units, respectively. Logistics Manager, Aretha Franklin, had previously used "Chain of Fools" as her supply chain consulting company, but now turns to you for some solid advice.
What is the objective function?
Group of answer choices
Max Z = $3AD + $3AE + $4BD + $3BE + $5CD + $3CE + $4DF + $4DG + $4DH + $10EF + $9EG + $8EH
Min Z = $3AD + $3AE + $4BD + $3BE + $5CD + $3CE + $4DF + $4DG + $4DH + $10EF + $9EG + $8EH
Min Z = $3AD + $3BE + $5CD + $3CE…
Companies A, B, and C supply components to three plants (F, G,
and H) via two crossdocking facilities (D and E). It costs $4 to ship
from D regardless of final destination and $3 to ship to E
regardless of supplier. Shipping to D from A, B, and C costs $3, $4,
and $5, respectively, and shipping from E to F, G, and H costs $10,
$9, and $8, respectively. Suppliers A, B, and C can provide 200,
300 and 500 units respectively and plants F, G, and H need 350,
450, and 200 units respectively. Crossdock facilities D and E can
handle 600 and 700 units, respectively. Logistics Manager, Aretha
Franklin, had previously used "Chain of Fools" as her supply chain
consulting company, but now turns to you for some solid advice.
Set up the solution in Excel and solve with Solver. What are total
costs?
TMA manufactures 37-in. high definition LCD televisions in two separate locations, Locations I and II. The output at Location I is at most 6000 televisions/month, whereas the output at Location II is at most 5000 televisions/month. TMA is the main supplier of televisions to the Pulsar Corporation, its holding company, which has priority in having all its requirements met. In a certain month, Pulsar placed orders for 3000 and 4000 televisions to be shipped to two of its factories located in City A and City B, respectively. The shipping costs (in dollars) per television from the two TMA plants to the two Pulsar factories are as follows.
To Pulsar Factories
From TMA
City A
City B
Location I
$6
$3
Location II
$7
$8
TMA will ship x televisions from Location I to city A and y televisions from Location I to city B. Find a shipping schedule that meets the requirements of both companies while keeping costs to a minimum.
(x, y)
=
2000,4000…
Chapter 3 Solutions
MindTap Business Statistics for Ragsdale's Spreadsheet Modeling & Decision Analysis, 8th Edition, [Instant Access], 2 terms (12 months)
Ch. 3 - Prob. 1QPCh. 3 - Prob. 2QPCh. 3 - Prob. 3QPCh. 3 - Prob. 4QPCh. 3 - Prob. 5QPCh. 3 - Prob. 6QPCh. 3 - Refer to question 19 at the end of Chapter 2....Ch. 3 - Prob. 8QPCh. 3 - Prob. 9QPCh. 3 - Prob. 10QP
Ch. 3 - Prob. 11QPCh. 3 - Prob. 12QPCh. 3 - Prob. 13QPCh. 3 - Prob. 14QPCh. 3 - Prob. 15QPCh. 3 - Prob. 16QPCh. 3 - Prob. 17QPCh. 3 - Tuckered Outfitters plans to market a custom brand...Ch. 3 - Prob. 19QPCh. 3 - Prob. 20QPCh. 3 - Prob. 21QPCh. 3 - Prob. 22QPCh. 3 - Prob. 23QPCh. 3 - Prob. 24QPCh. 3 - Prob. 25QPCh. 3 - Prob. 26QPCh. 3 - A manufacturer of prefabricated homes has decided...Ch. 3 - Prob. 28QPCh. 3 - Prob. 29QPCh. 3 - Prob. 30QPCh. 3 - Prob. 31QPCh. 3 - Prob. 32QPCh. 3 - Prob. 33QPCh. 3 - Prob. 34QPCh. 3 - Prob. 35QPCh. 3 - Prob. 36QPCh. 3 - Prob. 37QPCh. 3 - Prob. 38QPCh. 3 - Prob. 39QPCh. 3 - Prob. 40QPCh. 3 - Prob. 41QPCh. 3 - Prob. 42QPCh. 3 - Prob. 43QPCh. 3 - Prob. 44QPCh. 3 - A natural gas trading company wants to develop an...Ch. 3 - Prob. 46QPCh. 3 - The CFO for Eagle Beach Wear and Gift Shop is in...Ch. 3 - Prob. 48QPCh. 3 - Prob. 1.1CCh. 3 - Prob. 1.2CCh. 3 - Prob. 1.3CCh. 3 - Prob. 1.4CCh. 3 - Prob. 2.1CCh. 3 - Prob. 2.2CCh. 3 - Prob. 2.3CCh. 3 - Prob. 2.4CCh. 3 - Prob. 2.5CCh. 3 - Kelly Jones is a financial analyst for Wolverine...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.arrow_forwardCargo Loading. You are in charge of loading cargo ships for International Cargo Company (ICC) at a major East Coast port. You have been asked to prepare a loading plan for an ICC freighter bound for Africa. An agricultural commodities dealer would like to transport the following products aboard this ship:Commodity Tons Available Volume per Ton (cu.ft.) Profit per Ton ($)1 4,000 40 702 3,000 25 503 2,000 60 604 1,000 50 80You can elect to load any or all of the available commodities. However, the ship has three cargo holds with the following capacity restrictions: Cargo Hold Weight Capacity (tons) Volume Capacity (cu.ft.)Forward 3,000 100,000Center 5,000 150,000Rear 2,000 120,000More than one type of commodity can be placed in the same cargo hold. However, because of balance considerations, the weight in the forward cargo hold must be within 10 percent of the weight in the rear cargo hold, and the center cargo hold…arrow_forwardCargo Loading. You are in charge of loading cargo ships for International Cargo Company (ICC) at a major East Coast port. You have been asked to prepare a loading plan for an ICC freighter bound for Africa. An agricultural commodities dealer would like to transport the following products aboard this ship:Commodity Tons Available Volume per Ton (cu.ft.) Profit per Ton ($)1 4,000 40 702 3,000 25 503 2,000 60 604 1,000 50 80You can elect to load any or all of the available commodities. However, the ship has three cargo holds with the following capacity restrictions: Cargo Hold Weight Capacity (tons) Volume Capacity (cu.ft.)Forward 3,000 100,000Center 5,000 150,000Rear 2,000 120,000More than one type of commodity can be placed in the same cargo hold. However, because of balance considerations, the weight in the forward cargo hold must be within 10 percent of the weight in the rear cargo hold, and the center cargo hold…arrow_forward
- A seafood distribution company specializes in delivering fresh lobsters from their harvesting sites to various restaurants across the coastline. The company operates a fleet of sailing vessels, each with different capacities and operational costs. Due to the perishable nature of lobsters, the company aims to optimize its distribution network to minimize total costs while meeting the demand of each restaurant. Given Data: Sailing Vessels (with capacities and fixed operational costs): Vessel 1 (V1): Capacity = 300 kg, Fixed Cost = $1,000 Vessel 2 (V2): Capacity = 200 kg, Fixed Cost = $900 Vessel 3 (V3): Capacity = 400 kg, Fixed Cost = $1,200 Vessel 4 (V4): Capacity = 100 kg, Fixed Cost = $600 Restaurants (with lobster demand): Restaurant A: Demand = 250 kg Restaurant B: Demand = 150 kg Restaurant C: Demand = 300 kg Restaurant D: Demand = 100 kg Transportation Costs (per kg) from Harvesting Sites to Restaurants: Restaurant A…arrow_forwardSchneider Logistics Company has built a new warehouse in Columbus, Ohio, to facilitate the consolidation of freight shipments to customers in the region. George Schneider must determine how many teams of dock workers he should hire to handle the cross-docking operations and the other warehouse activities. Each team costs $5,000 a week in wages and overhead. Extra capacity can be subcontracted at a cost of $8,000 a team per week. Each team, whether in-house or subcontracted, can satisfy 200 labor hours of work a week. The labor hour requirements for the new facility are uncertain. Management has estimated the following probabilities for the requirements: Requirements (hours/wk) 200 400 600 Number of teams 1 2 3 Probability 0.20 0.50 0.30 How many teams should Schneider hire?arrow_forward3.4-15* A cargo plane has three compartments for storing cargo: front, center, and back. These compartments have capacity limits on both weight and space, as summarized below: Weight Саpacity (Tons) Space Сapacity (Cubic Feet) Compartment Front 7,000 9,000 5,000 12 Center 18 Back 10 Furthermore, the weight of the cargo in the respective compart- ments must be the same proportion of that compartment's weight capacity to maintain the balance of the airplane.arrow_forward
- Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak and cherry cabinets, the company decided to contract with three smaller cabinetmakers to do the final finishing operation. For the three cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherry cabinets, the number of hours available for the final finishing operation, and the cost per hour to perform the work are shown here: Cabinetmaker 1 Cabinetmaker 2 Cabinetmaker 3 Hours required to complete all the oak cabinets 50 44 32 Hours required to complete all the cherry cabinets 61 46 34 Hours available 35 25 30 Cost per hour $36 $43 $56 For example, Cabinetmaker 1 estimates that it will take 50 hours to complete all the oak cabinets and 61 hours to complete all the cherry cabinets. However, Cabinetmaker 1 only has 35 hours available for the final…arrow_forwardGeorgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak and cherry cabinets, the company decided to contract with three smaller cabinetmakers to do the final finishing operation. For the three cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherry cabinets, the number of hours available for the final finishing operation, and the cost per hour to perform the work are shown here: Cabinetmaker 1 Cabinetmaker 2 Cabinetmaker 3 Hours required to complete all the oak cabinets 50 44 32 Hours required to complete all the cherry cabinets 61 46 34 Hours available 35 25 30 Cost per hour $36 $43 $56 For example, Cabinetmaker 1 estimates that it will take 50 hours to complete all the oak cabinets and 61 hours to complete all the cherry cabinets. However, Cabinetmaker 1 only has 35 hours available for the final…arrow_forwardGeorgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak and cherry cabinets, the company decided to contract with three smaller cabinetmakers to do the final finishing operation. For the three cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherry cabinets, the number of hours available for the final finishing operation, and the cost per hour to perform the work are shown here: Cabinetmaker 1 Cabinetmaker 2 Cabinetmaker 3 Hours required to complete all the oak cabinets 47 40 27 Hours required to complete all the cherry cabinets 64 51 36 Hours available 40 30 35 Cost per hour $34 $41 $52 For example, Cabinetmaker 1 estimates it will take 47 hours to complete all the oak cabinets and 64 hours to complete all the cherry cabinets. However, Cabinetmaker 1 only has 40 hours available for the final…arrow_forward
- Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak and cherry cabinets, the company decided to contract with three smaller cabinetmakers to do the final finishing operation. For the three cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherry cabinets, the number of hours available for the final finishing operation, and the cost per hour to perform the work are shown here: Hours required to complete all the oak cabinets Hours required to complete. all the cherry cabinets Hours available Cost per hour Min s.t. 01 Let O₁ O₂ 01 01 For example, Cabinetmaker 1 estimates it will take 50 hours to complete all the oak cabinets and 60 hours to complete all the cherry cabinets. However, Cabinetmaker 1 only has 40 hours available for the final finishing operation. Thus, Cabinetmaker 1 can only complete 40/50 = 0.8, or 80%,…arrow_forwardc. If Cabinetmaker 1 has additional hours available, would the optimal solution change? If required, round your answers to three decimal places. If your answer is zero, enter "0". Explain. ✓ because Cabinetmaker 1 has dual value Yes ✓ of No -1.84 ✔ ✓ of Therefore, each additional hour of time for cabinetmaker 1 will reduce total cost by $ d. If Cabinetmaker 2 has additional hours available, would the optimal solution change? If required, round your answers to three decimal places. If your answer is zero, enter "0". Use a minus sign to indicate the negative figure. Explain. ✔ because Cabinetmaker 2 has a slack 1.84 ✔ per hour, up to a maximum of 30 X hours. Alternatively, the dual value is 50 ✓ hours. 0.00 ✓ which means that adding one hour to this constraint will decrease total cost by $ 0.00 ✓.arrow_forwardEarth Resources Corporation is a multinational company engaged in steamfield development and power plant construction through the government's use of build-operate- transfer (BOT) contracts. Recently, the company has been awarded contracts and has to start drilling operations at four (4) new geothermal sites in the Philippines. In order to ensure that drilling operations are on schedule and in accordance with the provisions of the contract, Earth Resources must send a team of two (2) drilling engineers to each site. Currently, they have eight (8) drilling engineers at various sites where the drilling is almost completed. The chief executive officer (CEO) wants to mobilize all the eight engineers to the four new sites in such a way that the total costs involved is minimized. The CEO requested the company's chief accountant, Ms. Debbie Castro, to prepare a summary of the estimated mobilization costs from the engineer's present locations to their probable new assignments. accomplished…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,