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Finance
A rural clinic hires its staff from nearby cities and towns on a part-time basis. The clinic attempts to have a general practitioner (GP), a nurse, and an internist on duty during at least a portion
The Eaststate Manufacturing Company produces four different airplane parts from fabricated sheet metal for several major aircraft companies. The manufacturing process consists of four
Macs Warehouse is a large discount store that operates 7 days per week. The store needs the following number of full-time employees working each day of the week:Each employee must work 5
Infocomp Systems Lab is a research and development (R&D) company that develops computer systems and software primarily for the medical industry. The lab has proposals from its own researchers for
Texmart is a locally owned big-box retail store chain in Texas with 75 stores, primarily located in the DallasFort Worth area. In order to compete with national
Dampier Associates is a holding company that specializes in buying out small to medium-sized textile companies. The company is currently considering purchasing three companies in the Carolinas: Alton
Check the pairwise comparisons for Dampier Associates in Problem 18 for consistency
Bernard Mee, the head of the department of management science at Tech, is evaluating facultyfor raises at the end of the academic year. He is considering three faculty members for raises:John Abbott,
Check the pairwise comparisons for the criteria in Problem 20 for consistency and indicate whether the level of consistency is acceptable.
Megan Moppett is a sales representative for Technical Software Systems (TSS), and she receives a commission for every new system installation she sells to a client. Her earnings during the past few
In Problem 22, if Megan Moppett has $85,000 to invest and she wants to diversify by investing in all three funds, how much should she invest in each?
Alex Wall is shopping for a new four-wheel-drive utility vehicle and has identified three models from which she will choosean Explorer, a Trooper, and a Passport. She will make her
Station WRCH in Richmond, Virginia, is interviewing candidates for the job of news anchor on its 6:00 P.M. Eyewitness News show. There are three final candidates for the jobJune Pawlie,
Carol Latta is visiting hotels in Los Angeles to decide where to hold a convention for a national organization of college business school teachers she represents. There are three hotels from which to
Aaron Zeitel is a high school senior deciding which college to attend in the fall. He has narrowed his choices to three liberal arts schools: Arrington, Barton, and Claiborne. His criteria for
Whitney Eggleston operates a computerized dating service for students at Tech. She uses AHP to help match her clients. Whitney is attempting to match Chris with either Robin, Terry, or Kelly. She
Rockingham Systems is considering three R&D projects it has identified as A, B, and C. Rockingham is not sure it will undertake all three projects, so it wants to rank them in terms of preferability.
The Bay City Parks and Recreation Department is considering building several new facilities, including a gym, an athletic field, a tennis pavilion, and a pool. It will base its decision on which
Students at a college in Ohio are planning a spring break vacation to one of three locations: Myrtle Beach (MB), Daytona Beach (DB), or Ft. Lauderdale (FL). They are to base their decision on three
Check the pairwise comparisons in Problem 32 for consistency.
The management science and information technology majors at Tech select one of two available options within the majordecision support systems (DSS) or operations management (OM). Student
The town of Blacksburg needs a larger modern middle school. The current middle school is in the center of town and is over 40 years old. There are two proposals for a new school—renovate and expand
Federated Health Care has contracted to be Techs primary health care provider for faculty and staff.There are three major hospitals in the area (within 35 miles)County,
The department of management science at Tech offers four sections of introductory quantitative methods in the fall semester, each taught by a different teacher. A group of students have developed the
A faculty committee in the department of management science at Tech is evaluating three new textbooks for its introductory management science course, which all business students are required to take.
On the day of the professional football draft, the owner, general manager, and coaching staff of the New York Gladiators are attempting to decide which of the available players they should select as
The four most famous generals during the American Civil War were Ulysses S. Grant, William Tecumseh Sherman, Robert E. Lee, and Stonewall Jackson. Historians have always debated which was the
The owners of the Blitz professional soccer team are disappointed in their teams home attendance, so they are considering moving to one of four cities: Atlanta, Birmingham, Charlotte, or
Check the pairwise comparisons for the five criteria in Problem 44 for consistency.
Texmart is a locally owned big-box retail store chain in Texas, with stores primarily located in the DallasFort Worth area. In order to compete with national
Labran Jones has played for the Cleveland professional basketball team for the past eight seasons and has established himself as one of the top players in the league. He has recently become a free
For Problem 47, check the consistency of the pairwise comparison matrices for all four criteria and the criteria.
Balston Healthcare operates three hospitals and a number of clinics in its citywide network. It is planning to open a new wellness center and clinic facility that focuses on geriatric clients in one
The owners of the Blitz professional soccer team in Problem 44 have decided to also use a scoring model, with an expanded set of criteria, to help them decide in which cityAtlanta,
Arsenal Electronics is to construct a new $1.2 billion semiconductor plant and has selected four small towns in the Midwest as potential sites. The important decision criteria and grades for each
Exotech Computers manufactures computer components such as chips, circuit boards, motherboards, keyboards, LCD panels, and the like, and sells them around the world. It wants to construct a new
State University is to construct a new student center and athletic complex that will include a bookstore, a post office, theaters, a market, a minimall, meeting rooms, a swimming pool, and weight and
Following an all-star school soccer career, Kelly Williams has been offered scholarships to five universities. She has had a difficult time making a decision and has decided to use a scoring model to
The Carter family wants to purchase a time-share condominium for 1 week during the summer in Hilton Head, South Carolina. There are many resort complexes from which to choose, and the Carters have
Robin Dillon has recently accepted a new job in the Washington, DC, area and has been hunting for a condominium to purchase. From friends and coworkers she has compiled a list of five possible
The New River Rapids Under-15 GirlsTravel Soccer Team is determining which tournaments it should enter during the fall season. The manager has identified six possible tournaments, and the
The Hickory Cabinet and Furniture Company makes chairs. The fixed cost per month of making chairs is $7,500, and the variable cost per chair is $40. Price is related to demand, according to the
Graphically illustrate the profit curve developed in Problem 1. Indicate the optimal price and the maximum profit per month.
The Rainwater Brewery produces beer. The annual fixed cost is $150,000, and the variable cost per barrel is $16. Price is related to demand, according to the following linear equation:v = 75,000 -
The Rolling Creek Textile Mill makes denim. The monthly fixed cost is $8,000, and the variable cost per yard of denim is $0.35. Price is related to demand, according to the following linear
The Grady Tire Company recaps tires. The weekly fixed cost is $2,500, and the variable cost per tire is $9. Price is related to demand, according to the following linear equation:v = 200 -
Andy Mendoza makes handcrafted dolls, which he sells at craft fairs. He is considering massproducing the dolls to sell in stores. He estimates that the initial investment for plant and equipment will
Metro Telcom Systems develops, sells, and installs computer systems. The company has divided its customer base into five regions, and it has 15 representatives who sell and install the
Blue Ridge Power Company has a maximum capacity of 2.5 million kilowatt-hours (kWh) of electric power available on a daily basis. The demand (in millions of kWh) for power from its customers for
The Metro Police Department has partitioned the city into four quadrants. The department has 20 police patrol cars available for each shift per day to assign to the quadrants. The department wants to
Home-Base, a home improvement and building supply chain, is going to build a new warehouse facility to serve its stores in six North Carolina citiesCharlotte, Winston-Salem, Greensboro,
The Accentuate Consulting Firm has eight projects for which it has contracted with clients to develop computer systems and software. The firm has 35 team members it can assign to the projects. The
State University has increased its tuition for in-state and out-of-state students in each of the past 5 years to offset cuts in its budget allocation from the state legislature. The university
American International Automotive Industries (AIAI) manufactures engine, transmission, and chassis parts for manufacturers and repair companies in the United States, South America, Canada, Mexico,
Indicate which of the following probabilities are objective and which are subjective. (Note that in some cases, the probabilities may not be entirely one or the other.)a. The probability of snow
Downhill Ski Resort in Colorado has accumulated information from records of the past 30 winters regarding the measurable snowfall. This information is as follows:Snowfall (in.) ...... Frequency0–19
Employees in the textile industry can be segmented as follows:Employees . NumberFemale and union . 12,000Female and nonunion . 25,000Male and union .. 21,000Male and nonunion . 42,000a. Determine the
An automobile manufacturer has discovered that 20% of all the transmissions it installed in a particular style of truck one year are defective. It has contacted the owners of these vehicles and asked
A new county hospital is attempting to determine whether it needs to add a particular specialist to its staff. Five percent of the general hospital population in the county contracts the illness the
A large research hospital has accumulated statistical data on its patients for an extended period. Researchers have determined that patients who are smokers have an 18% chance of contracting a
Two law firms in a community handle all the cases dealing with consumer suits against companies in the area. The Abercrombie firm takes 40% of all suits, and the Olson firm handles the other 60%.The
The Senate consists of 100 senators, of whom 34 are Republicans and 66 are Democrats. A bill to increase defense appropriations is before the Senate. Thirty-five percent of the Democrats and 70% of
A retail outlet receives radios from three electrical appliance companies. The outlet receives 20% of its radios from A, 40% from B, and 40% from C. The probability of receiving a defective radio
A metropolitan school system consists of three districts—north, south, and central. The north district contains 25% of all students, the south district contains 40%, and the central district
A service station owner sells Goodroad tires, which are ordered from a local tire distributor. The distributor receives tires from two plants, A and B. When the owner of the service station receives
A metropolitan school system consists of two districts, east and west. The east district contains 35% of all students, and the west district contains the other 65%. A vocational aptitude test was
The Ramshead Pub sells a large quantity of beer every Saturday. From past sales records, the pub has determined the following probabilities for sales:Barrels ..... Probability6 ........... 0.107
The following probabilities for grades in management science have been determined based on past records:Grade ..... ProbabilityA ........ 0.10B ......... 0.30C .......... 0.40D ......... 0.10F
A market in Boston orders oranges from Florida. The oranges are shipped to Boston from Florida by either railroad, truck, or airplane; an order can take 1, 2, 3, or 4 days to arrive in Boston once it
An investment firm is considering two alternative investments, A and B, under two possible future sets of economic conditions, good and poor. There is a .60 probability of good economic conditions
An investor is considering two investments, an office building and bonds. The possible returns from each investment and their probabilities are as follows:Using expected value and standard deviation
The Jefferson High School Band Booster Club has organized a raffle. The prize is a $6,000 car. Two thousand tickets to the raffle are to be sold at $1 apiece. If a person purchases four tickets, what
The time interval between machine breakdowns in a manufacturing firm is defined according to the following probability distribution:Time Interval (hr.) Probability1 ......... .152 ......... .203
The life of an electronic transistor is normally distributed, with a mean of 500 hours and a standard deviation of 80 hours. Determine the probability that a transistor will last for more than 400
The grade point average of students at a university is normally distributed, with a mean of 2.6 and a standard deviation of 0.6. A recruiter for a company is interviewing students for summer
The weight of bags of fertilizer is normally distributed, with a mean of 50 pounds and a standard deviation of 6 pounds. What is the probability that a bag of fertilizer will weigh between 45 and 55
The monthly demand for a product is normally distributed, with a mean of 700 units and a standard deviation of 200 units. What is the probability that demand will be greater than 900 units in a given
The Polo Development Firm is building a shopping center. It has informed renters that their rental spaces will be ready for occupancy in 19 months. If the expected time until the shopping center is
A warehouse distributor of carpet keeps 6,000 yards of deluxe shag carpet in stock during a month. The average demand for carpet from the stores that purchase from the distributor is 4,500 yards per
The manager of the local National Video Store sells videocassette recorders at discount prices. If the store does not have a video recorder in stock when a customer wants to buy one, it will lose the
The owner of Western Clothing Company has determined that the company must sell 670 pairs of denim jeans each month to break even (i.e., to reach the point where total revenue equals total cost). The
Lauren Moore, a professor in management science, is computing her final grades for her introductory management science class. The average final grade is a 63, with a standard deviation of 10.
The SAT scores of all freshmen accepted at State University are normally distributed, with a mean of 1,050 and a standard deviation of 120. The College of Business at State University has accepted
Erin Richards is a junior at Central High School, and she has talked to her guidance counselor about her chances of being admitted to Tech after her graduation. The guidance counselor has told her
The associate dean in the college of business at Tech is going to purchase a new copying machine for the college. One model he is considering is the Zerox X10. The sales representative has told him
The Palace Hotel believes its customers may be waiting too long for room service. The hotel operations manager knows that the time for room service orders is normally distributed, and he sampled 10
Agnes Hammer is a senior majoring in management science. She has been interviewing with several companies for a job when she graduates, and she is curious about what starting salary offers she might
The owner of Gilley’s Ice Cream Parlor has noticed that she sells more ice cream on hotter days during the summer, especially on days when the temperature is 85° or higher. To plan how much ice
The state of Virginia has implemented a Standard of Learning (SOL) test that all public school students must pass before they can graduate from high school. A passing grade is 75. Montgomery County
The department of management science at Tech has sampled 250 of its majors and compiled the following frequency distribution of grade point averages (on a 4.0 scale) for the previous semester:The
Geo-net, a cellular phone company, has collected the following frequency distribution for the length of calls outside its normal customer roaming area:The sample mean (x) for this
The Valley Swim Club has 300 stockholders, each holding one share of stock in the club. A share of club stock allows the shareholder’s family to use the club’s heated outdoor pool during the
Stevie Stone, a bellhop at the Royal Sundown Hotel in Atlanta, has been offered a management position. Although accepting the offer would assure him a job if there was a recession, if good economic
A farmer in Georgia must decide which crop to plant next year on his land: corn, peanuts, or soybeans. The return from each crop will be determined by whether a new trade bill with RussiaDetermine
The owner of the Columbia Construction Company must decide between building a housing development, constructing a shopping center, and leasing all the companys equipment to another
A local real estate investor in Orlando is considering three alternative investments: a motel, a restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of
A television network is attempting to decide during the summer which of the following three football games to televise on the Saturday following Thanksgiving Day: Alabama versus Auburn, Georgia
Ann Tyler has come into an inheritance from her grandparents. She is attempting to decide among several investment alternatives. The return after 1 year is primarily dependent on the interest rate
The Tech football coaching staff has six basic offensive plays it runs every game. Tech has an upcoming game against State on Saturday, and the Tech coaches know that State employs five different
Microcomp is a U.S.-based manufacturer of personal computers. It is planning to build a new manufacturing and distribution facility in either South Korea, China, Taiwan, the Philippines, or Mexico.
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