Need help only with finding the optimal solution Universal Claims Processors processes insurance claims for large national insurancecompanies. Most claim processing is done by a large pool of computer operators,some of whom are permanent and some of whom are temporary. A permanentoperator can process 16 claims per day, whereas a temporary operator can process 12per day, and on average the company processes at least 450 claims each day. Thecompany has 40 computer workstations. A permanent operator generates about 0.5claim with errors each day, whereas a temporary operator averages about 1.4defective claims per day. The company wants to limit claims with errors to 25 per day.A permanent operator is paid $64 per day, and a temporary operator is paid $42 perday. The company wants to determine the number of permanent and temporaryoperators to hire in order to minimize costs. Formulate a linear programming modelfor this problem. Define x₁as the number of permanent operators to hire, x2 as the number of temporaryoperators to hire, and Z as the total cost. Which of the following model formulations iscorrect? Solve the previous formulated model (Universal Claims Processors problem) by usinggraphical analysis. The optimal solution to the model is(28.125, 0)(40, 0)(34.44, 5.56)(20.12, 10.67)

Answered: Solve the previous formulated model…

Solve the previous formulated model (Universal Claims Processors problem) by using graphical analysis. The optimal solution to the model is

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...

See similar textbooks

Similar questions

Denmark Corporation sells computer equipment to businesses in the western region of the United States. Each month, the IT division at Demark Corporation prints monthly statements and sends them to the accounts receivable (AR) department, where a clerk mails them to the customers. This corporation's customers mail their payments back to Denmark, where a clerk in AR batches the checks and sends them to the cashier. The AR clerk then uses the payment stub to enter the payments into the computer, where the AR master data are updated to record the payment. Please use this to complete the diagrams and charts below. Please use excel or word for the diagrams. Problem 1. Please create a table of entities and activities Problem 2. Draw a context diagram to support the entities in problem 1. Problem 3. Draw a physical DFD. Please use MS products i.e. word or excel to create this diagram
There is an upstream Picking department that feeds two downstream Packing departments: Pack Singles and Pack Multis. Those Packing departments feed to a Shipping department that loads the outgoing trucks. 40% of your Pick volume goes to Pack Singles and has a packing rate of 104 units per labor hour (uph). 60% of the Pick volume goes to Pack Multis and has a pack rate of 215 units per labor hour. Your pickers pick both Single and Multi items throughout the day at an overall average rate of 114 units per labor hour. All units that are packed in both processes go through the Ship process at a rate of 570 units per hour. You have 102 people today for all 4 departments and you absolutely must pack 47,880 units in Pack Multis Items to meet a customer promise metric. How do you allocate labor to balance the flow in your department if you work a 10 hour shift? Do not assume breaks or lunches in your answer. Redirect 1: You now need to process all of the Pack Singles Volume in the first 5…
A diabetic patient needs at least 40 units of Vit. A, at least 30 units of Vit. C, and at least 40 units 30 units of Vit. E each day. Each brand X multivitamin capsule contains 4 units of Vit. A, 6 units of Vit. C, and 2 units of Vit. E; each brand Y capsule contains 5 units of Vit. A, 3 units of Vit.C, and 5 units of Vit. E. If each brand X capsule costs P6.00 and each brand Y capsule costs P9.00, how many capsules should the patient take each day to minimize the costs?
A manufacturing plant produces a product 'A' that requires one unit of 'B' and ½ unit of 'C'. Each unit of 'B' is comprised of one unit of 'D', two units of 'E', and one unit of 'F'. Each unit of 'C' requires ½ unit of 'G' and three units of 'H'. The manufacturing lead times for the components are as follows: 'A' - two weeks, 'B' - one week, 'C' - two weeks, 'D' - two weeks, 'E' - three weeks, 'F' - one week, 'G' - two weeks, 'H' - one week. There are 20 units in stock for each of these components. 100 units of 'A' are needed for delivery in seven weeks: a) Develop the product structure and indexed bill of materials for the product. b) Create a gross and net requirements plan for the manufacturer of the product.
In order to produce 1000 units of X in a week  units X is scheduled weekly for Operation B (due to 5% scrap ratio)  units X is scheduled weekly for Operation A (due to 2% scrap ratio) Based on your answer in part a, find the number of machines required to produce 1000 units of X per week.  The total time required to perform Operation B = minutes per week  The total time required to perform Operation A = minutes per week H= Available Time in a week = minutes /week Thus FA = . FB = . Since both of the operations A and B are performed on the same machine  machines are required
Lynn Jennings is the IT manager at Lazy Eddie, a chain that specializes in beanbag chairs and recliners. She asked Jan Lauten, a senior systems analyst, to review the large number of printed reports that are distributed to Lazy Eddie’s 35 store managers. “Jan, I just can’t believe that our people really read all of those reports,” Lynn said. “We constantly add new reports, and we never seem to eliminate the old ones. Sometimes I think all we’re doing is keeping the paper companies in business!” Jan replied, “I agree, but what can we do? The managers say they want the reports, but I always see them stacked on top of file cabinets. I’ve never seen anyone read a report.” “I have an idea,” Lynn said. “I want you to come up with a procedure that requires users to review and justify their information needs to see if they really use the reports we send them. You could design a form that asks if the information still is required, and why. Try to get users to decide if a report is worth the…
The mailroom receives checks and remittanceadvices from customers in payment of their accountsreceivable. The clerk reviews the documents for completenessand correctness, sends the checks to thecash receipts department, and sends the remittanceadvices to the AR department. The AR clerkreceives the remittance advices and updates the customers’AR records from the PC in the AR department.The cash receipts clerk receives the checks andposts them to the cash receipts journal from the PCin the department. The clerk then sends the checks tothe bank for deposit.RequiredPrepare a system flowchart of the proceduresdescribed previously.
The Fly-Right Airplane Company builds small jet airplanes to sell to corporations for use by their executives. To meet the needs of these executives, the company's customers sometimes order a custom design of the airplanes being purchased. When this occurs, a substantial start-up cost is incurred to initiate the production of these airplanes. Fly-Right has recently received purchase requests from three customers with short deadlines. However, because the company's production facilities already are almost completely tied up filling previous orders, it will not be able to accept all three orders. Therefore, a decision now needs to be made on the number of airplanes the company will agree to produce (if any) for each of the three customers. The relevant data are given in the next table. The first row gives the start-up cost required to initiate the production of the airplanes for each customer. Once production is under way. the marginal net revenue (which is the purchase price minus the…
Company ZWZ manufactures three products in a serial system; Product XA is manufactured in Stage 1, Product XB in Stage 2, and XC in Stage 3. Product XB has a sales potential in the market; hence, some of it can be sold at the end of Stage 2, and the remaining can be moved to Stage 3. The third stage produces Product XC, and then delivers it to customers. Two units of Product XA produced in Stage 1 are required for each unit of Product XB in Stage 2. In addition, four units of Product XB produced in Stage 2 are required for each unit of Product XC in Stage 3. Stage 1 can only use regular time; however, Stage 2 has the options of using regular time and overtime in manufacturing. On the other hand, Stage 3 has only one alternative, which is subcontracting. The pertinent data are provided below: Stage 2 Stage 1 11 No overtime No subcontracting No sales 0.07 Unit regular time cost (TL) Unit overtime cost (TL) Unit subcontracting cost (TL) Unit selling price (TL) Unit processing time (hrs)…
Structure Furniture, manufactures coffee tables. Structure Furniture has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month: Output units Machine-hours 30,000tables 8,000hours Direct manufacturing labour-hours 10,000hours Direct materials per unit Direct manufacturing labour per hour Variable manufacturing overhead costs Fixed manufacturing overhead costs Product and process design costs Marketing and distribution costs S100 S12 $322,500 $1,200,000 $900,000 $1,125,000 a) Structure Furniture is approached by an overseas customer to fulfill a one-time-only special order for 1,000 units. All cost relationships remain the same except for a one-time setup charge of $20,000. No additional design, marketing, or distribution costs will be incurred. What is the minimum acceptable bid per unit on this one-time-only special order? b) What is the Structure Furniture full product cost for…
Chapter 5. (M/M/s/K Model). Leia is responsible for 12 computers in the IT offices in a small business called DataWish. Each computer runs on an average for 4 weeks and requires an average of ½ or 0.5 weeks to get reset by Leia before it can start up again. If we assign the Poisson distribution to the “arrival” of each computer for service and an exponential distribution to the actual service provided, answer the following questions: a. The arrival rate would be units per week and the service rate would be units per week. b. Calculate the following operating characteristics for the M/M/s/K system: Utilization Factor (ρ) % Performance Measures P0 (probability that sytem is empty) % L (average units in system) units Lq (average units waiting in queue) units W (average time in the system) weeks Wq (average time in the queue) weeks c. If we assign a cost of waiting as $750 per week per computer and $800 per week of…
Two parts to this question: Node a = new Node(5);Node b = new Node(3, a);Node c = new Node(7, b);Node d = new Node(2, c);Node firstNode = d;Node currentNode = firstNode.next; a. What is the contents of the chain referenced by firstNode? b. What is the data held in the node referred to by currentNode?