create a set of linear equations to describe the objective function and the constraints. b. use graphic analysis to find the visual solution.
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A business student at Nowledge College must complete a total of 65 courses to graduate. The number of business courses must be greater than or equal to 23. The number of nonbusiness courses must be greater than or equal to 20. The average business course requires a textbook costing $60 and 120 hours of study. Non-business courses require a textbook costing $24 and 200 hours of study. The student has $3,000 to spend on books.
a. create a set of linear equations to describe the objective function and the constraints.
b. use graphic analysis to find the visual solution.
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- Products A,B, and C are sold door-to-door. A costs $ 3 per unit, take 10 minutes to sell (on the average) and costs $0.50 to deliver to customer. B costs $ 5, takes 15 minutes to sell, and is left with the customer at the time of sale. C costs $ 4, takes 12 minutes to sell, and costs $ 1 to deliver. During any week, a salesperson is allowed to draw up to $ 500 worth of A,B,C (at cost) and is allowed delivery expenses not to exceeds $ 75. If a salesperson’s selling time is not expected to exceed 30 hours (1,800 minutes) in a week, and if the salesperson profit (net after all expenses) is $ 1 each on a unit of A and B and $ 2 on a unit of C, what combination of sales of A, B, and C will lead to maximum profit, and what is the maximum profIt?money borrowed for personal reasons; to be repaid within a specific time frame and with added interest money borrowed for the purchase of real estate; to be repaid within a specific time frame and with added interest money borrowed for business reasons; to be repaid within a specific time frame and with added interest money borrowed for the purchase of a vehicle; to be repaid within a specific time frame and with added interest : Business Loan :: Auto Loan :: Mortgage Loan :: Personal Loan 1 4 6. 8. 9. Finish SiA man wants to set up a 529 college savings account for his granddaughter. How much would he need to deposit each year into the account in order to have $70,000 saved up for when she goes to college in 17 years, assuming the account earns a 6% return. Annual deposit: $
- 2.28 A foundry produces castings to order. An order for 20 special castings has been re- ceived. Since the casting process is highly variable, not all castings produced are good. The cost of producing each casting is $550; the additional cost of finishing a good casting is $125. If a casting is not good, it is recycled at a value of $75; excess good castings are not finished but are recycled at a value of $75. The customer has agreed to accept 15, 16, 17, 18, 19, or 20 castings at a price of $1250 each. If fewer than 15 good castings are produced, none will be purchased by the customer. Prob- ability distributions for the number of good castings produced in a batch of varying sizes are given below. How many castings should be scheduled in order to maximize expected profit? #Good Castings 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 79 2 PRODUCT, PROCESS, AND SCHEDULE DESIGN Number of Castings Scheduled 15 16 17 0.05 0.00 0.00 0.00 0.00 0.00 0.05 0.05 0.00…Author: Leo A. Ruggle, Professor, Department of Accounting, Mankato State University Arnie Armstrong has been with Pierce Auto Parts Manufacturing Company for 23 years. Recently, he was appointed Director of Manufacturing Computer Services. In just six weeks in this new position, [he] has moved to reduce the amount of information provided to manufacturing department managers by 60 percent. He argues that excess data is distracting, unused, and expensive to provide. Willy McClean has been department manager for 12 years. During a coffee break with some of his department production supervisors, Willy is quite vocal about the change. “Who’s this guy Armstrong to tell us what data we need? He needs to be out here for a few weeks to find out what it’s like. Keep it quiet, but I’ve got a contact in Computer Services who’ll get me all the data analyses I want for just a $20 bill each month. It’s a good deal, and Armstrong will never know. How does he expect us to make good decisions about…A machine part to be fabricated may be made from alloy of either of two metals. There is an order for 10,000 units. Metal A costs 3 pesos per kg, while Metal B costs 9 pesos per kg. If Metal A is used, the material per unit weighs 110 grams; for metal B, 30 grams. When metal A is used, 50 units can be produced per hour; for metal B, 80 units per hour. Metal B fabrication requires the aid of a tool costing P1,000, which will be useless after the 10,000 units are finished. The machine operator's wage is P50 per hour. If all other costs are identical, determine which material will be more economical to finish the 10,000-unit order. How much is the total cost difference between the use of metal A and metal B?
- Jays Office Supplies sells Printers, which it orders from Brands mart Inc in . Because of shipping and handling costs, each order must be for 5 printers. Because of the time it takes to receive an order, the company places an order every time the present stock drops to 5 Printers. It costs $50 to place an order. It costs the company $500 in lost sales when a customer asks for a Printer and the warehouse is out of stock. It costs $100 to keep each Printer stored in the warehouse. If a customer cannot purchase a Printer when it is requested, the customer will not wait until one comes in but will go to a competitor. The following probability distribution for demand for Printer has been determined: Questions 1.Simulate CWD 's ordering and sales policy for 20 weeks 2. Compute the average cost of the policy PLEASE NOTE I SENT THIS IN ALREADY BUT I REALIZED I LEFT OUT SOME VITAL INFORMATION AND AGAIN THIS IS NOT FROM ANOTHER SITE.Yoda just got a job offer. The job is located in Awayville. Awayville is 70 miles north of Binghamton. Yoda wants to accept the job offer, still live in Binghamton, and commute to Awayville on a daily basis. This will result in travel expense relates to approximately 700 miles per week. To make this plan work, Yoda needs a car that will get at least 25 miles per gallon of gasoline. Yoda goes to Darth's Used Car Dealership. Yoda tells Darth that Yoda needs a car that gets at least 25 miles per gallon of gasoline. Yoda explains the Awayville job situation and Darth says, "I understand - I will check my inventory - I will be right back." Darth goes into his office and looks through two different files of used car inventory. One file contains all cars that get over 25 miles per gallon of gasoline and the other file contains all cars that get under 25 miles per gallon of gasoline. Darth selects a used car from the file that indicates that the cars get over 25 miles per gallon of gasoline…Mack’s guitar fabrication shop produces low cost, highly durable guitars for beginners. Typically, out of the 100 guitars that begin production each month, only 80 percent are considered good enough to sell. The other 20 percent are scrapped due to quality problems that are identified after they have completed the production process. Each guitar sells for $300. Because some of the production process is automated, each guitar only requires 10 labor hours. Labor is paid at $10/hour, materials cost is $40/guitar, and overhead is $2,000. a) Calculate the labor and multifactor productivities. b) After some study, the operations manager recommends 3 options to improve the company’s multifactor productivity: (1) increase the sales price by 10 percent, (2) improve quality so that only 10 percent are defective, or (3) reduce labor, material, and overhead costs by 10 percent. Which option has the greatest impact on the multifactor productivity measure?
- 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…According to the XYZ Apartment Rental Company ER diagram, which of the following is true? Each building must have more than one builder Each building must have multiple apartments Each building must have at least 8 apartments Each building must have more than 2 apartments Answer: ____Mack's guitar fabrication shop produces low cost, highly durable guitars for beginners. Typically, out of the 100 guitars that begin production each month, only 82 percent are considered good enough to sell. The other 18 percent are scrapped due to quality problems that are identified after they have completed the production process. Each guitar sells for $260. Because some of the production process is automated, each guitar only requires 88 labor hours. Each employee works an average of 160 hours per month. Labor is paid at $10 per hour, materials cost is $42 per guitar, and overhead is $4,200. a. The labor productivity ratio for Mack's guitar fabrication shop is $26.65 per hour. b. The multifactor productivity ratio for Mack's guitar fabrication shop is (Enter your response rounded to two decimal places.)