Please do not give solution in image format thanku If the Kelowna demand increased to 65 loads, the decrease in costs would be$30.00.ConstraintsCellNameSCS17 Received EdmontonSDS17 Received KelownaSES17 Received LethbridgeSFS14 Vancouver ShippedSFS15 Radium ShippedSFS16 Calgary ShippedTrueFalseFinal Shadow Constraint Allowable AllowableValue Price R.H. Side Increase Decrease40 $5.00 4060 $6.0001020 $6.001040$0.0030$0.0050 -$1.0088888860204040501E+301E+3030288-2940302001010

Cost optimization is a continuous process of reducing spending along with increasing the value of…

Answered: If the Kelowna demand increased to 65…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter7: Nonlinear Optimization Models

Section: Chapter Questions

Problem 56P

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Geoff Gullo owns a small firm that manufactures “Gullo Sunglasses.” He has the opportunity to sell a particular seasonal model to Land’s Start, a catalog retailer. Geoff offersLand’s Start two purchasing options.• Option 1: Geoff offers to set his price at $65 and agrees to credit Land’s Start $53 foreach unit Land’s Start returns to Geoff at the end of the season (because those unitsdid not sell). Because styles change each year, there is essentially no value in thereturned merchandise.• Option 2: Geoff offers a price of $55 for each unit, but returns are no longer accepted.In this case, Land’s Start throws out unsold units at the end of the season.This season’s demand for this model will be normally distributed with a mean of 200and a standard deviation of 125. Land’s Start will sell those sunglasses for $100 each.Geoff’s unit production cost is $25.a. How much would Land’s Start buy if it chose option 1? b. How much would Land’s Start buy if it chose option 2? c. Which option will…
Q3: FIND INITIAL FEASIRLE SOLUTION COST FOR GIVEN PROBLEM by using A north-west oomer rule Bleast cost method e-Vogels approvimation method D1 D2 D3 D4 SUPPLE P1 2. 11 P2 1. 1. Pa 8. 15 6. 10 Demand 2. A* JIS O 11600 O 11300 O 11200 O 11000
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Problem 11-11 (Algo) Famous Albert prldes himself on being the Cookle King of the West. Small, freshly baked cookles are the specialty of his shop. Famous Albert has asked for help to determine the number of cookles he should make each day. From an analysis of past demand, he estimates demand for cookles as VROBARTLITY OF DENAND 0.04 DEEAND 1,800 dosen 2,000 2,200 0.10 0.20 2,400 2,600 2,000 3,000 0.26 0.15 0.03 0.14 ces Each dozen sells for $0.65 and costs $0.49, which includes handling and transportation. Cookles that are not sold at the end of the day are reduced to $0.30 and sold the following day as day-old merchandise. a. Compute the expected profit or loss for each cookie making decislon quantity. (Round your answer to the nearest whole number. Enter expected losses with a negative sign.) Cookles Baked (Dozen) Probability of Demand Expected Profit/Loss 1,800 0.04 2,000 0.10 2,200 0.28 2,400 0.26 2,600 0.15
Q 6. For the following data, calculate the number of workers required for level production and the resulting month-end inventories. Each worker can produce 15 units per day, and the desired ending inventory is 9000 units. Month 1 3 4 Total Working Days 20 24 12 19 Forecast Demand 28,000 27,500 28,500 28,500 Planned Production Planned Inventory 11,250 [3+2] 2.
4.May I know the correct option?
Q1Wheels lo., iu a producer of bigclen and bicycla supppliee and accessories. You were hured to assist inguantifyng the product mix problem, 4o delermine the number of bicycle to praduce monthly.The folbwing a Production inckudes three type of bicyclu: Road, Mountain,and folding. b.Expected demand, unit production cast,and selling prices for each of the 3 was provided: are shown in the following tade: Bigyela Tiype felding Road 50 Tooo 2500 Mountain Demand Cost Prie 10 5 1500 3400 1800 C.Supplies A, B, and C ane wed in the bicde production a shown in the follomi table, where anly 400, 6o0,and 200 units, vespectively, are available morithly:. Supply ype Road yela Type Mountain 3. Felding 4. 5. 2. d.35,000 Pounde are available monithly to cover the production cost. Formulate the Imer programming mathematical model that maximizes the monthly net profits
%24 W WA 6.4 custom - Mat x C The Willingnes Zoom Xb The daily demand for X A clemson canvcas - Bin X Cohnect to Canvas at X https://www.webassign.net/web/Student/Assignment-Responses/submit?pos=D2&dep=27166051&tags=autosave#question4697815 2 -> The willingness of saddle-producers to supply saddles can be modeled as for p < 5 = (d)s 2.194(1.295P) for p 2 5 where S(p) is measured in thousand saddles and saddles are sold for p thousand dollars per saddle. (a) How many saddles will producers supply when the market price is $2000? thousand saddles How many saddles will producers supply when the market price is $9000? (Round your answer to three decimal places.) thousand saddles (b) At what price will producers supply 10 thousand saddles? (Round your answer to three decimal places.) thousand per saddle (c) Calculate the producer revenue when the market price is $6500. (Round your answer to three decimal places.) x million 24 (d) Calculate the producer surplus when the market price is $6500.…
Q. Hotel California has 160 rooms. The hotel has an ample low-fare demand at the room rate of $200 per night, but the demand from the high-fare class which pays $450 per night on average, is uncertain. Table below shows the number of high-fare rooms that were booked during the past 30 days. How many rooms should Hotel California protect for high-fare customers to maximize its expected revenue? Number of high-fare rooms Frequency 0 5 1 3 2 6 3 8 4 4 5 1 6 1 7 2 Total=30
Calculate customer life time value for the data below. (Show Work) Purchase Occasion Transition Probability Average Basket Size 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ΝΑ 55% 75% 78% 83% 81% 81% 86% 82% 85% 90% 93% 85% 89% 85% 91% 97% 97% 96% 85% 83% 89% 82% 79% 82% 89% 88% 86% 67% 75% $46.71 $56.71 $57.93 $56.87 $58.26 $66.90 $63.62 $70.27 $63.03 $62.60 $71.81 $76.76 $78.14 $65.65 $74.84 $81.11 $72.08 $87.30 $71.94 $75.44 $70.35 $72.86 $66.68 $79.90 $93.91 $61.08 $94.16 $100.40 $77.89 $99.70

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