Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 6, Problem 41P
Summary Introduction
To determine: The item that should be brought to City I.
Introduction: The variation between the present value of the
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Pls help ASAP for both
Please see attached file.
You are in charge of purchases at the student-run used-book supply program at your college, and you must decide how many introductory
calculus, history, and marketing texts should be purchased from students for resale. Due to budget limitations, you cannot purchase more than
750 of these textbooks each semester. There are also shelf-space limitations: Calculus texts occupy 2 units of shelf space each, history books 1
unit each, and marketing texts 5 units each, and you can spare at most 1,200 units of shelf space for the texts. If the used book program makes
a profit of $20 on each calculus text, $8 on each history text, and $16 on each marketing text, how many of each type of text should you
purchase to maximize profit? HINT [See Example 3.]
calculus text(s)
history text(s)
marketing text(s)
What is the maximum profit the program can make in a semester?
$
Chapter 6 Solutions
Practical Management Science
Ch. 6.3 - Prob. 1PCh. 6.3 - Prob. 2PCh. 6.3 - Solve Problem 1 with the extra assumption that the...Ch. 6.3 - Prob. 4PCh. 6.3 - Prob. 5PCh. 6.3 - Prob. 6PCh. 6.3 - Prob. 7PCh. 6.3 - Prob. 8PCh. 6.3 - Prob. 9PCh. 6.3 - Prob. 10P
Ch. 6.4 - Prob. 11PCh. 6.4 - Prob. 12PCh. 6.4 - Prob. 13PCh. 6.4 - Prob. 14PCh. 6.4 - Prob. 15PCh. 6.4 - Prob. 16PCh. 6.4 - Prob. 17PCh. 6.4 - Prob. 18PCh. 6.4 - Prob. 19PCh. 6.4 - Prob. 20PCh. 6.4 - Prob. 21PCh. 6.4 - Prob. 22PCh. 6.4 - Prob. 23PCh. 6.5 - Prob. 24PCh. 6.5 - Prob. 25PCh. 6.5 - Prob. 26PCh. 6.5 - Prob. 28PCh. 6.5 - Prob. 29PCh. 6.5 - Prob. 30PCh. 6.5 - In the optimal solution to the Green Grass...Ch. 6.5 - Prob. 32PCh. 6.5 - Prob. 33PCh. 6.5 - Prob. 34PCh. 6.5 - Prob. 35PCh. 6.6 - Prob. 36PCh. 6.6 - Prob. 37PCh. 6.6 - Prob. 38PCh. 6 - Prob. 39PCh. 6 - Prob. 40PCh. 6 - Prob. 41PCh. 6 - Prob. 42PCh. 6 - Prob. 43PCh. 6 - Prob. 44PCh. 6 - Prob. 45PCh. 6 - Prob. 46PCh. 6 - Prob. 47PCh. 6 - Prob. 48PCh. 6 - Prob. 49PCh. 6 - Prob. 50PCh. 6 - Prob. 51PCh. 6 - Prob. 52PCh. 6 - Prob. 53PCh. 6 - Prob. 54PCh. 6 - Prob. 55PCh. 6 - Prob. 56PCh. 6 - Prob. 57PCh. 6 - Prob. 58PCh. 6 - Prob. 59PCh. 6 - Prob. 60PCh. 6 - Prob. 61PCh. 6 - Prob. 62PCh. 6 - Prob. 63PCh. 6 - Prob. 64PCh. 6 - Prob. 65PCh. 6 - Prob. 66PCh. 6 - Prob. 67PCh. 6 - Prob. 68PCh. 6 - Prob. 69PCh. 6 - Prob. 70PCh. 6 - Prob. 71PCh. 6 - Prob. 72PCh. 6 - Prob. 73PCh. 6 - Prob. 74PCh. 6 - Prob. 75PCh. 6 - Prob. 76PCh. 6 - Prob. 77PCh. 6 - Prob. 78PCh. 6 - Prob. 79PCh. 6 - Prob. 80PCh. 6 - Prob. 81PCh. 6 - Prob. 82PCh. 6 - Prob. 83PCh. 6 - Prob. 84PCh. 6 - Prob. 85PCh. 6 - Prob. 86PCh. 6 - Prob. 87PCh. 6 - Prob. 88PCh. 6 - Prob. 89PCh. 6 - Prob. 90PCh. 6 - Prob. 91PCh. 6 - Prob. 92PCh. 6 - This problem is based on Motorolas online method...Ch. 6 - Prob. 94PCh. 6 - Prob. 95PCh. 6 - Prob. 96PCh. 6 - Prob. 97PCh. 6 - Prob. 98PCh. 6 - Prob. 99PCh. 6 - Prob. 100PCh. 6 - Prob. 1CCh. 6 - Prob. 2CCh. 6 - Prob. 3.1CCh. 6 - Prob. 3.2CCh. 6 - Prob. 3.3CCh. 6 - Prob. 3.4CCh. 6 - Prob. 3.5CCh. 6 - Prob. 3.6C
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
- You are in charge of purchases at the student-run used-book supply program at your college, and you must decide how many introductory calculus, history, and marketing texts should be purchased from students for resale. Due to budget limitations, you cannot purchase more than 700 of these textbooks each semester. There are also shelf-space limitations: Calculus texts occupy 2 units of shelf space each, history books 1 unit each, and marketing texts 5 units each, and you can spare at most 1,200 units of shelf space for the texts. If the used book program makes a profit of $20 on each calculus text, $8 on each history text, and $16 on each marketing text, how many of each type of text should you purchase to maximize profit?arrow_forwardCreate spreadsheets and use Solver to determine the correct volumes to be produced to minimize cost for the following problem. Your company has two trucks that it wishes to use on a specific contract. One is a new truck the company is making payments on, and one is an old truck that is fully paid for. The new truck’s costs per mile are as follows: 54₵ (fuel/additives), 24₵ (truck payments), 36₵ (driver), 12₵ (repairs), and 1₵ (misc.). The old truck’s costs are 60₵ (fuel/additives), 0₵ (truck payments), 32₵ (rookie driver), 24₵ (repairs), and 1₵ (misc.). The company knows that truck breakdowns lose customers, so it has capped estimated repair costs at $14,000. The total distance involved is 90,000 miles (to be divided between the two trucks).arrow_forwardPlease do not give solution in image format thankuarrow_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_forwardHELParrow_forwardUse dynamic programming to solve 0-1 knapsack problem in which the knapsack can hold up to 13kg with the following items: Item Weight (kg) Value 1 3 12 2 5 25 3 7 50arrow_forward
- 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)?arrow_forwardsammi 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…arrow_forwardSoftware EG, a retail company, orders two kinds of software from TeleHard Software. Annually, Software EG sells 800 units of product 1 and 400 units of product 2. The unit purchasing cost is $30 per unit of product 1 and $25 per unit of product 2. It costs $5 to store a unit of either product for a year. The cost of placing an order for either product separately or both products together is $100. Software EG’s annual cost of capital is 14%. Determine a costminimizing ordering policyarrow_forward
- You work for a small retail store. You must decide how many cases of kombucha to order. Twenty cases fit on a pallet and because of shipping costs, orders must be placed in multiples of 20. You can either order 20, 40, 60, 80 or 100 cases. Each case costs $15. If you order more than 1 pallet, you receive a discount of 5% per additional pallet ordered (2 pallets would be 5%, 3 would be 10%, etc). The cases can be sold for $25 each. Any that are left unsold can be sold to a discount store for $10. Your records suggest that the probability that you will sell 25 cases is 20%, 45 cases is 45%, 65 cases is 20% and 85 cases is 15%. a) Construct a payoff table to provide reflect the decisions and outcomes What would be your decision based on each of the following? Maximin Maximax Minimax regret Expected value Overall - what would you do? Why?arrow_forwardYou are required to create the following tables in a database named STUDENT_REGISTRATIONS. Ensure that you create the database and table objects exactly as depicted below. STUDENTS STUDENT_ID VARCHAR(8) NOT NULL PRIMARY KEY STUDENT_NAME VARCHAR(40) NOT NULL STUDENT_SURNAME VARCHAR(40) NOT NULL MODULES MODULE_ID VARCHAR(8) NOT NULL PRIMARY KEY MODULE_NAME VARCHAR(40) NOT NULL MODULE_CREDIT SMALLINT NOT NULL STUDENT_MODULES STUDENT_ID VARCHAR(8) NOT NULL PRIMARY KEY FOREIGN KEY REFERENCES STUDENTS(STUDENT_ID) MODULE ID VARCHAR(8) NOT NULL PRIMARY KEY FOREIGN KEY REFERENCES MODULES(MODULE_ID) LECTURERS LECTURER_ID VARCHAR(8) NOT NULL PRIMARY KEY LECTURER_NAME VARCHAR(40) NOT NULL LECTURER_SURNAME VARCHAR(40) NOT NULL O The Independent Institute of Education (Pty) Ltd 2021 Page 3 of 10 19, 20; 21 2021 LECTURER_MODULES MODULE_ID VARCHAR(8) NOT NULL PRIMARY KEY FOREIGN KEY REFERENCES MODULES(MODULE_ID) LECTURER_ID VARCHAR(8) NOT NULL PRIMARY KEY FOREIGN KEY REFERENCES LECTURERS(LECTURER_ID)arrow_forwardA company must meet the following demands (but backlogs and inventory allowed with charges) January 30; February 30; March 20 all demand must be met by end of March. Inventory costs $20/ unit at month end, and backlogged demand incurs a $5 / unit per month cost. This table lists the monthly production capacity and unit production costs. Month January February March Production Cap 35 30 35 Unit costs 400 420 410 Set up the transportation simplex (and then solve) where the rows are Monthly Supply and the Columns are the monthly deliveries. You'll need a dummy demander. A unit shipped from February Supply to a January demand is LATE. A unit shipped from a February Supply to a March demand has been put in Inventory for a month. 1. How many February units are shipped to February demand 2. What is the total optimal cost.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,