10 Consider the following linear program, which maximizes profit for twoproducts: regular (R) and super (S):MAX 5R + 75Ss.t.1.2 R+ 1.6 S <-600 assembly (hours)0.8 R +0.5.S≤ 300 paint (hours)0.16 R+ 0.4 S 100 inspection (hours)R.S >= 0See the sensitivity report provided below:Variable CellsCellSC$28 Regular-RSCS29 Super-SConstraintsCellSFS6 assembly (hours)SFS7 paint (hours)SFS8 Inspection (hours)10.8Name120Name12.5Final Reduced Objective Allowable AllowableValue Cost Coefficient Increase Decrease0-251E+3062.5250None of the above4001251000Final Shadow Constraint Allowable AllowableValue Price R.H. Side Increase DecreaseIt is "infinity", so there is no lower limit.The lower limit of the super product (S) objective function coefficient(profit of S) isPlease choose the option that best fit the empty space above.52575 1E+3000187.5600 1E+303001E+3010050200175100

The limit of a product is determined by the allowable increase and allowable decrease in the…

Answered: Consider the following linear program,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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XYZ General Hospital is evaluating new office equipment offered by three companies. In each case the interest rate is 15% and the useful life of the equipment is 4 years. Use NPW analysis to determine the company from which you should purchase the equipment. A B First Cost $15, 000 $25, 000 $20, 000 Maintenance Cost 1, 600 400 900 Annual Benefit Salvage value 13, 000 6, 000 8, 000 11, 000 3, 000 4, 500
Define the following and give an example. 4. Halo Error5. Proximity Error6. Contrast Error
Q11) In the visual-fit method, the cost analyst visually fits a straight line through a plot. Select one: True False
An item can be sold for P63per unit wholesale is being produced with thefollowing cost data: Labor cost =P10 per unitMaterial cost =P15 per unitFixed charges =P10,000Other variable cost =P8 per unit a.) What is the break-even sales volume?b.) What is the break-even sales volume if one out of every ten units produced is defective and is rejected with only full recovery on materials?
Explain or define each of these terms:d. Expected value of perfect information
Suppose the client has given you the following information about the production. LSL 120; nominal or target value (CL) 125; USL130. Your production has mean 127 and variance = 1.44. 1. Calculate a suitable capability index and write your comment. (Marks 3+1 =4) 2. Give a reason why you select this capability index. (Mark 1)
You are serving flank steak for an event and need 200 6-oz. servings. You get samples and do yield tests. Show all calculations! After testing you find that: Vendor A Flank Steak costs $6.00 per pound. 4 pounds- trim loss of 1.5 pounds Vendor B Flank Steak costs $7.25 per pound. 4 pounds -trim loss of 1 pound. Determine what will the serving price of the flank steak be if your food cost target is 33%?
Integrated Products Corporation (IPC) needs to estimate its PC sales for next year.The most recent six years of revenue data for the company’s line of XT PersonalComputers, and those of the industry, is found in the table below:Year XT PC Sales Revenue($’000,000)All Industry PC Sales Revenue($’000,000,000)1 2.4 4.62 5.9 8.63 15.5 10.74 27.8 14.85 35.9 18.56 38.1 19.4Required:A. Assuming that the sales data above are representative of sales expected nextyear, use time series regression analysis to forecast next year’s sales revenues(there is no seasonal effect).B. Perform a regression analysis between the annual sales revenues of XTPersonal Computers and all industry PC annual sales revenues. What is theforecast for next year’s sales revenue for XT Personal Computers if the estimateof next year’s industry PC sales revenues is $21.9 billion? C. Advise management at Integrated Products Corporation (IPC) which of the twosales estimates from parts A and B above they should use. Justify your…
Integrated Products Corporation (IPC) needs to estimate its PC sales for next year.The most recent six years of revenue data for the company’s line of XT PersonalComputers, and those of the industry, is found in the table below:Year XT PC Sales Revenue($’000,000)All Industry PC Sales Revenue($’000,000,000)1 2.4 4.62 5.9 8.63 15.5 10.74 27.8 14.85 35.9 18.56 38.1 19.4Required:A. Assuming that the sales data above are representative of sales expected nextyear, use time series regression analysis to forecast next year’s sales revenues(there is no seasonal effect).B. Perform a regression analysis between the annual sales revenues of XTPersonal Computers and all industry PC annual sales revenues. What is theforecast for next year’s sales revenue for XT Personal Computers if the estimateof next year’s industry PC sales revenues is $21.9 billion?
Your company has asked you to determine the financial risks of manufacturing 6,000 units of a product rather than purchasing them from a vendor at $66.50 per unit. The production line will handle exactly 6,000 units and requires a one-time setup cost of $50,000. The production cost is $60/unit. Your manufacturing personnel inform you that some of the units may be defective, as shown below: % defective 0 1 2 3 4 probability of 40 30 20 6 4 occurrence (%) Defective items must be removed and replaced at a cost of $145/defective unit. However, 100 percent of units purchased from vendors are defect-free. Construct a payoff table, and using the expected-value model, determine the financial risk and whether the make or buy option is best.
N5 Managing quality & statistical process control is component of strategic OM decesions which requires decesions that considers facility capacity and production demand. true or false?
Fill the following blanks with appropriate abbreviations supplied: ________ =mean absolute percentage error, ________ = fixed cost, _______ = slope, _______ = correlation coefficient, _______ = smoothing constant, ________ = intercept, _________ = trend smoothing constant, α FC β MAPE b r a

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