EBK PRACTICAL MANAGEMENT SCIENCE
5th Edition
ISBN: 9780100655065
Author: ALBRIGHT
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 5, Problem 64P
Summary Introduction
To determine: The way to minimize the total cost of purchasing the four round-trip tickets.
Introduction: In linear programming, the unbounded solution would occur when the objective function is infinite. If no solution satisfied the constraints, then it is said to be unfeasible solution.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Pls help ASAP for both
Flanger is an industrial distributor that sources from hundreds of suppliers. The two modes of transportation available for inbound shipping are LTL (less than truck- load) and TL (truckload). LTL shipping costs $1 per unit, whereas TL shipping costs $500 per truck. Each truck can carry up to 1,000 units. Flanger wants a rule assigning products to shipping mode (TL or LTL) based on annual demand. Each unit costs $50, and Flanger uses a holding cost of 22 percent. Flanger incurs a fixed cost of $150 for each order placed with a supplier.
a. Determine a threshold for annual demand above which TL is preferred and below which LTL is preferred.
b. How does the threshold change [relative to part (a)] if unit cost is $150 (instead of $50 ) with all other data unchanged? Which mode becomes preferable as unit cost grows?
c. How does the threshold change [relative to part (a)] if the LTL cost comes down to $0.8 per unit (instead of $1 per unit)?
sammi lives in california and farms on a plot of land known as shady acres. sammi sells most of the produce to local markets and saves some to eat. for many years the brando family lived and farmed next door on sunny pastures. they also sold most of the produce to local markets. the only way to get to sunny pastures is by driving on the private road that goes through shady acres. ten years ago, the brando family left the country for vacation and never returned. yet, they still hold title to the land. five years later, sammi told his wife, the postman, the bible study group at church, and the owner of the only market in town, "it's a real shame that the brando's land is going to waste. i'm going to start farming on it. sammi invested about $100,000 and earned a profit of $20,000/year for the next five years, which he deposited into the bank. in addition, sammi has paid taxes on the land and the profits. three years ago, sammi received a letter from the brando's lawyer. it said, "if you…
Chapter 5 Solutions
EBK PRACTICAL MANAGEMENT SCIENCE
Ch. 5.2 - Prob. 1PCh. 5.2 - Prob. 2PCh. 5.2 - Prob. 3PCh. 5.2 - Prob. 4PCh. 5.2 - Prob. 5PCh. 5.2 - Prob. 6PCh. 5.2 - Prob. 7PCh. 5.2 - Prob. 8PCh. 5.2 - Prob. 9PCh. 5.3 - Prob. 10P
Ch. 5.3 - Prob. 11PCh. 5.3 - Prob. 12PCh. 5.3 - Prob. 13PCh. 5.3 - Prob. 14PCh. 5.3 - Prob. 15PCh. 5.3 - Prob. 16PCh. 5.3 - Prob. 17PCh. 5.3 - Prob. 18PCh. 5.4 - Prob. 19PCh. 5.4 - Prob. 20PCh. 5.4 - Prob. 21PCh. 5.4 - Prob. 22PCh. 5.4 - Prob. 23PCh. 5.4 - Prob. 24PCh. 5.4 - Prob. 25PCh. 5.4 - Prob. 26PCh. 5.4 - Prob. 27PCh. 5.4 - Prob. 28PCh. 5.4 - Prob. 29PCh. 5.5 - Prob. 30PCh. 5.5 - Prob. 31PCh. 5.5 - Prob. 32PCh. 5.5 - Prob. 33PCh. 5.5 - Prob. 34PCh. 5.5 - Prob. 35PCh. 5.5 - Prob. 36PCh. 5.5 - Prob. 37PCh. 5.5 - Prob. 38PCh. 5 - Prob. 42PCh. 5 - Prob. 43PCh. 5 - Prob. 44PCh. 5 - Prob. 45PCh. 5 - Prob. 46PCh. 5 - Prob. 47PCh. 5 - Prob. 48PCh. 5 - Prob. 49PCh. 5 - Prob. 50PCh. 5 - Prob. 51PCh. 5 - Prob. 52PCh. 5 - Prob. 53PCh. 5 - Prob. 54PCh. 5 - Prob. 55PCh. 5 - Prob. 56PCh. 5 - Prob. 57PCh. 5 - Prob. 58PCh. 5 - Prob. 59PCh. 5 - Prob. 60PCh. 5 - Prob. 61PCh. 5 - Prob. 62PCh. 5 - Prob. 63PCh. 5 - Prob. 64PCh. 5 - Prob. 65PCh. 5 - Prob. 66PCh. 5 - Prob. 67PCh. 5 - Prob. 68PCh. 5 - Prob. 69PCh. 5 - Prob. 70PCh. 5 - Prob. 71PCh. 5 - Prob. 72PCh. 5 - Prob. 73PCh. 5 - Prob. 74PCh. 5 - Prob. 75PCh. 5 - Prob. 76PCh. 5 - Prob. 77PCh. 5 - Prob. 80PCh. 5 - Prob. 81PCh. 5 - Prob. 82PCh. 5 - Prob. 83PCh. 5 - Prob. 85PCh. 5 - Prob. 86PCh. 5 - Prob. 87PCh. 5 - Prob. 2C
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
- Seas Beginning sells clothing by mail order. An important question is when to strike a customer from the companys mailing list. At present, the company strikes a customer from its mailing list if a customer fails to order from six consecutive catalogs. The company wants to know whether striking a customer from its list after a customer fails to order from four consecutive catalogs results in a higher profit per customer. The following data are available: If a customer placed an order the last time she received a catalog, then there is a 20% chance she will order from the next catalog. If a customer last placed an order one catalog ago, there is a 16% chance she will order from the next catalog she receives. If a customer last placed an order two catalogs ago, there is a 12% chance she will order from the next catalog she receives. If a customer last placed an order three catalogs ago, there is an 8% chance she will order from the next catalog she receives. If a customer last placed an order four catalogs ago, there is a 4% chance she will order from the next catalog she receives. If a customer last placed an order five catalogs ago, there is a 2% chance she will order from the next catalog she receives. It costs 2 to send a catalog, and the average profit per order is 30. Assume a customer has just placed an order. To maximize expected profit per customer, would Seas Beginning make more money canceling such a customer after six nonorders or four nonorders?arrow_forwardA UCLA student saved $100,000 for the down payment on a $1,000,000 one-bedroom, two-bathroom home in Encino, California. She can qualify for either a $900,000 fully amortizing 30-year first mortgage loan at a 4.75% annual interest rate from Wells Fargo Bank, or she can qualify for a $790,000 fully amortizing 30-year first mortgage loan at a 4.25% annual interest rate with a $110,000 fully amortizing 30-year second mortgage loan at an 8.00% annual interest rate from Citibank. Should the student prefer the single $900,000 mortgage loan from Wells Fargo Bank or should she prefer the $790,000 first mortgage loan and $110,000 second mortgage loan package from Citibank? Single loan from Wells Fargo Bank No difference Depends on all the terms and conditions in the loan documents from Wells Fargo Bank as compared to those from Citibank Loan package from Citibankarrow_forwardA UCLA student saved $100,000 for the down payment on a $1,000,000 one-bedroom, two-bathroom home in Encino, California. She can qualify for either a $900,000 fully amortizing 30-year first mortgage loan at a 4.75% annual interest rate from Wells Fargo Bank, or she can qualify for a $790,000 fully amortizing 30-year first mortgage loan at a 4.25% annual interest rate with a $110,000 fully amortizing 30-year second mortgage loan at an 8.00% annual interest rate from Citibank. What is the approximate effective annual interest rate on the combined first and second mortgage loan package from Citibank? a. 8.00% b. 4.25% c. 4.75% d. 6.15%arrow_forward
- thec Technologies Corporation (RTC) manufactures two radar models to monitor the speed of missiles. Deluxe model has an accuracy of plus or minus 2 km per hour, whereas standard model has an accuracy of plus or minus 3 km per hour. For the next week, the company has orders for 160 units of deluxe model and 240 units of standard model. Although RTC purchases all the electronic components used in both models, the plastic cases for both models are manufactured at a RTC plant in Chicago. Each deluxe model case requires 4 minutes of injection-molding time and 6 minutes of assembly time. Each standard model case requires 3 minutes of injection-molding time and 8 minutes of assembly time. For next week the Chicago plant has 960 minutes of injection-molding time available and 1728 minutes of assembly time available. The manufacturing cost is $10 per case for deluxe model and $6 per case for standard model. Depending upon demand and the time available at the C plant, RTC occasionally purchases…arrow_forwardAs part of a campaign to promote its annual clearance sale, Excelsior Company decided to buy television advertising time on Station KAOS. Excelsior's television advertising budget is $111,000. Morning time costs $3000/min, afternoon time costs $1000/min, and evening (prime) time costs $12,000/min. Because of previous commitments, KAOS cannot offer Excelsior more than 6 min of prime time or more than a total of 25 min of advertising time over the 2 weeks in which the commercials are to be run. KAOS estimates that morning commercials are seen by 200,000 people, afternoon commercials are seen by 100,000 people, and evening commercials are seen by 600,000 people. How much morning, afternoon, and evening advertising time should Excelsior buy to maximize exposure of its commercials? morning min afternoon min evening minarrow_forwardMichael has decided to invest $40,000 in three types of funds. Fund A has projected an annual return of 8 percent, Fund B has projected an annual return of 10 percent, and Fund C has projected an annual return of 9 percent. He has decided to invest no more than 30 percent of the total amount in Fund B and no more than 40 percent of the total amount in Fund C. a. Formulate a linear programming model that can be used to determine the amount of investments Michael should allocate to each type of fund to maximize the total annual return.b. How much should be allocated to each type of fund? What is the total annual return?arrow_forward
- A company makes three types of candy and packages them in three assortments. Assortment I contains 4 cherry, 4 lemon, and 12 lime candies, and sells for a profit of $4.00. Assortment Il contains 12 cherry, 4 lemon, and 4 lime candies, and sells for a profit of $3.00. Assortment III contains 8 cherry, 8 lemon, and 8 lime candies, and sells for a profit of $5.00. They can make 5,200 cherry, 4,000 lemon, and 6,000 lime candies weekly. How many boxes of each type should the company produce each week in order to maximize its profit (assuming that all boxes produced can be sold)? What is the maximum profit? Select the correct choice below and fill in any answer boxes within your choice. OA. The maximum profit is $ when boxes of assortment 1. boxes of assortment II and assortment III are produced. OB. There is no way for the company to maximize its profit boxes ofarrow_forwardIn dealing with a transportation problem, what should be always observed? The demand of the destination should always be larger than the capacity of the source. O The total number of units coming out of a source must not exceed the capacity of the source. The total number of units incoming to the destination must not exceed to the demand of that destination. The capacity of the source should always be greater than the demand.arrow_forwardKara wants to build a business. She has plenty of capital and potential investors and partners. She wants to avoid the burden of sole liability for her business and wants to be able to close the business when she is no longer interested in it. Which of the following would lead Kara to choose a sole proprietorship organization for her business? Avoidance of sole liability Ability to close the business easily Many potential investors/partners Plenty of capitalarrow_forward
- Deluxe coffee is to be mixed with regular coffee to make at least 54 pounds of a blended coffee. The mixture must contain at least 14 pounds of deluxe coffee. Deluxe coffee costs $7 per pound and regular coffee $6 per pound. How many pounds of each kind of coffee should be used to minimize costs? To attain the minimum cost, use pounds of deluxe coffee and pounds of regular coffee.arrow_forwardThe Federal government has passed valid legislation dealing with the insurance requirements of trucking companies who transport goods between provinces (this is an interprovincial concern). The federal law requires that transportation companies operating across provincial boundaries carry a minimum of 4 million dollars insurance. The Provincial government has also passed valid legislation dealing with the insurance requirements of trucking companies within Nova Scotia. The provincial law requires trucking companies to carry a minimum of 6 million. You are the owner of a Nova Scotia trucking company that operates in Nova Scotia, Prince Edward Island, New Brunswick, and Quebec and you only want to carry 4 million dollars of insurance. Q: What is the constitutional doctrine of paramountcy, and could it help you “get rid of” the provincial legislation? Explain your answer.arrow_forwardLong-Life Insurance has developed a linear model that it uses to determine the amount of term life Insurance a family of four should have, based on the current age of the head of the household. The equation is: y=150 -0.10x where y= Insurance needed ($000) x = Current age of head of household b. Use the equation to determine the amount of term life Insurance to recommend for a family of four of the head of the household is 40 years old. (Round your answer to 2 decimal places.) Amount of term life insurance thousandsarrow_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,