PRACTICAL MGT. SCIENCE (LL)-W/MINDTAP
6th Edition
ISBN: 9781337610278
Author: WINSTON
Publisher: CENGAGE L
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Question
Chapter 9, Problem 30P
a)
Summary Introduction
To identify: The decision that would minimize the expected cost using precision tree.
Introduction: Simulation model is the digital prototype of the physical model that helps to
a)
Expert Solution
Explanation of Solution
Formulae to determine the above table:
b)
Summary Introduction
To determine: The input that have the largest effect on the best.
Introduction: Simulation model is the digital prototype of the physical model that helps to forecast the performance of the system or model in the real world.
b)
Expert Solution
Explanation of Solution
Formulae to determine the above table:
Decision tree developed by precision tree software:
Decision tree should be developed using precision tree software.
Place the cursor at any blank cell and click decision tree under precision tree icon. The following window will appear:
Press ok and the below image (Model image) will appear:
Click in the triangle:
Select decision (The below image is model):
Click ok and the below image (Model image) will appear:
Click in the triangle:
Select chance (The below image is model):
The process should be continued till end.
The following image shows the complete decision tree:
According to decision tree, it is better to wait and purchase the sugar in six months.
Strategy B4:
Strategy B5:
Strategy B6:
The sensitivity analysis was done for the cells B4, B5, and B6. It is optimal to purchase a 10-ton futures contract.
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The Importance of Food Labeling and Expiration Dates in a nursing home kitchen and how can a nutritionist utilize this in their career? Please not just a short explanation.
a) Huurhun Printing in Ulaanbaatar has four typesetters and four jobs to be completed as given in the table. The $ entries represent the firm’s estimate of what it will cost for each job to be completed by each typesetter. Find the optimal assignment of jobs to typesetters so as to minimize the total costs.
Typesetters
Jobs
A
B
C
D
42HG
$7
$3
$4
$8
19DT
$5
$4
$6
$5
47ST
$6
$7
$9
$6
17VT
$8
$6
$7
$4
b) Huurhun Printing in Ulaanbaatar has the following printing jobs waiting to be processed at its work center. The jobs are assigned sequentially upon arrival. All dates are specified as days from today. In what sequence should the firm process the jobs according to the SPT, EDD, and CR scheduling rules?
Jobs
Due Date
Duration (days)
42HG
43
10
19DT
37
12
47ST
34
11
17VT
32
7
LR99
37
15
1) Scheduling at Washburn Guitar
View the video Scheduling at Washburn Guitar (10.40 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapters 11 and/or 16) after watching this video.
Note: As a rough guideline, please try to keep the written submission to one or two paragraphs.
2) Bosa Limited, a specialist confectionary manufacturer, makes a variety of confectionary products candies in its manufacturing facility at Ulaanbaatar. Its line of confectionary products exhibits a highly seasonal demand pattern. The firm’s costs and quarterly sales forecasts are as follows: Costs: Hiring cost = $200 per worker, Firing cost = $600 per worker, Inventory carrying cost = $0.60 per pound per worker, Production per employee = 1000 pounds per quarter, Beginning workforce = 125 workers.
Quarter
Sales Forecast/
Demand(pounds)
Production
Spring
80,000
95,000
Summer
50,000
95,000
Fall
100,000
95,000…
Chapter 9 Solutions
PRACTICAL MGT. SCIENCE (LL)-W/MINDTAP
Ch. 9.2 - Prob. 1PCh. 9.2 - Prob. 2PCh. 9.2 - Prob. 3PCh. 9.3 - Prob. 4PCh. 9.3 - Prob. 5PCh. 9.3 - Prob. 6PCh. 9.3 - Prob. 7PCh. 9.4 - Explain in some detail how the PrecisionTree...Ch. 9.4 - Prob. 9PCh. 9.4 - Prob. 10P
Ch. 9.5 - Prob. 11PCh. 9.5 - Prob. 12PCh. 9.5 - Prob. 13PCh. 9.5 - Prob. 17PCh. 9.5 - Prob. 18PCh. 9.5 - Prob. 19PCh. 9.5 - Prob. 21PCh. 9.5 - The model in Example 9.3 has only two market...Ch. 9.6 - Prob. 26PCh. 9.6 - Prob. 27PCh. 9.6 - Prob. 28PCh. 9 - Prob. 30PCh. 9 - Prob. 31PCh. 9 - Prob. 32PCh. 9 - Prob. 34PCh. 9 - Prob. 36PCh. 9 - Prob. 37PCh. 9 - Prob. 38PCh. 9 - Prob. 39PCh. 9 - Prob. 46PCh. 9 - Prob. 48PCh. 9 - Prob. 53PCh. 9 - Prob. 67PCh. 9 - Prob. 68PCh. 9 - Prob. 69PCh. 9 - Prob. 70PCh. 9 - Prob. 71PCh. 9 - Prob. 72PCh. 9 - Prob. 73PCh. 9 - Prob. 74PCh. 9 - Prob. 75PCh. 9 - Prob. 76PCh. 9 - Prob. 77P
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