All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
quantitative analysis for management

Questions and Answers of Quantitative Analysis For Management

6-6 Discuss the major inventory costs that are used in determining the EOQ.
6-7 What is the ROP? How is it determined?
6-10 What is the purpose of sensitivity analysis?
6-11 What assumptions are made in the production run model?
6-12 What happens to the production run model when the daily production rate becomes very large?
6-13 Briefly describe what is involved in solving a quantity discount model.
6-15 Briefly explain the marginal analysis approach to the single period inventory problem.
6-16 Briefly describe what is meant by ABC analysis.What is the purpose of this inventory technique?
6-17 What is the overall purpose of MRP?
6-18 What is the difference between the gross and net material requirements plan?
6-19 What is the objective of JIT?
6-21 It takes approximately 8 working days for an order of number 6 screws to arrive once the order has been placed. (Refer to Problem 6-20.) The demand for number 6 screws is fairly constant, and on
6-22 Lila’s brother believes that she places too many orders for screws per year. He believes that an order should be placed only twice per year. If Lila follows her brother’s policy, how much
6-26 In Problem 6-20 you helped Lila Battle determine the optimal order quantity for number 6 screws. She had estimated that the ordering cost was $10 per order. At this time, though, she believes
6-30 After analyzing the costs of various options for obtaining brackets, Ross White (see Problems 6.27 through 6.29) recognizes that although he knows that lead time is 2 days and demand per day
6-39 Ralph Janaro simply does not have time to analyze all of the items in his company’s inventory. As a young manager, he has more important things to do. The following is a table of six items in
6-40 Thaarugo, Inc., produces a GPS device that is becoming popular in parts of Scandinavia. When Thaarugo produces one of these, a printed circuit board (PCB) is used, and it is populated with
6-41 Dillard Travey receives 5,000 tripods annually from Quality Suppliers to meet his annual demand.Dillard runs a large photographic outlet, and the tripods are used primarily with 35-mm cameras.
(a) What is the order quantity if Dillard has the entire order shipped at one time?
(b) What is the order quantity if Dillard has the order shipped over three weeks using the new option from Quality Suppliers, Inc.? To simplify your calculations, assume that the average inventory
6-46 Xemex has collected the following inventory data for the six items that it stocks:Item Code Unit Cost($)Annual Demand(Units)Ordering Cost ($)Carrying Cost As a Percenta ge of Unit Cost 1 10.60
6-49 John Lindsay sells CDs that contain 25 software packages that perform a variety of financial functions, including net present value, internal rate of return, and other financial programs
(a) What is the optimal number of CDs to produce at a time?
(b) What is the impact of the following quantity–price schedule on the optimal order quantity?Quantity Ordered Price Ranges From To Price 1 500 $10.00 501 1,000 9.99 1,001 1,500 9.98 1,500 2,000
6-56 Emarpy Appliance produces all kinds of major appliances. Richard Feehan, the president of Emarpy, is concerned about the production policy for the company’s best selling refrigerator. The
(e) If the company produces 400 refrigerators at a time, what would the total annual setup cost and holding cost be?
6-58 This chapter presents a material structure tree for item A in Figure 6.12. Assume that it now takes 1 unit of item B to make every unit of item A. What impact does this have on the material
6-59 Given the information in Problem 6-58, develop a gross material requirements plan for 50 units of item A.
6-60 Using the data from Figures 6.12–6.14, develop a net material requirements plan for 50 units of item A assuming that it only takes 1 unit of item B for each unit of item A.
6-61 The demand for product S is 100 units. Each unit of S requires 1 unit of T and 0.5 ounce of U. Each unit of T requires 1 unit of V, 2 units of W, and 1 unit of X. Finally, each unit of U
6-64 The lead time for each of the parts in the SL72 (Problem 6-62) is one week, except for Part B, which has a lead time of two weeks. Develop a net materials requirements plan for an order of 800
6-65 Refer to Problem 6-64. Develop a net material requirements plan assuming that there are currently 150 units of Part A, 40 units of Part B, 50 units of Subassembly C, and 100 units of Part F
1. Develop an inventory plan to help MPBC.
2. Discuss ROPs and total costs.
3. How can you address demand that is not at the level of the planning horizon?
The delivery contract is Free on Board and the parts need to be delivered at the port as per the cut-off date as per the MRR provided every week. The twin objectives of this project are (1) how can
=1. When using a graphical solution procedure, the region bounded by the set of constraints is called thea. solution.b. feasible region.c. infeasible region.d. maximum profit region.e. none of the
=2. In an LP problem, at least one corner point must be an optimal solution if an optimal solution exists.a. Trueb. False
=7. A linear program has been solved and sensitivity analysis has been performed. The ranges for the objective function coefficients have been found. For the profit on X1, the upper bound is 80, the
=8. A graphical method should only be used to solve an LP problem whena. there are only two constraints.b. there are more than two constraints.c. there are only two variables.d. there are more than
=14. A feasible solution to an LP problema. must satisfy all of the problem’s constraints simultaneously.b. need not satisfy all of the constraints, only some of them.c. must be a corner point of
=7-3 It has been said that each LP problem that has a feasible region has an infinite number of solutions.Explain.
=7-5 Under what condition is it possible for an LP problem to have more than one optimal solution?
=7-8 The mathematical relationships that follow were formulated by an operations research analyst at the Smith–Lawton Chemical Company. Which ones are invalid for use in an LP problem, and
=7-13 Explain how a change in a technological coefficient can affect a problem’s optimal solution. How can a change in resource availability affect a solution?
=7-15 Electrocomp’s management realizes that it forgot to include two critical constraints (see Problem 7-14).In particular, management decides that there should be a minimum number of air
=7-17 The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources:its carpenters (labor force) and a supply of
=7-20 A winner of the Texas Lotto has decided to invest$50,000 per year in the stock market. Under consideration are stocks for a petrochemical firm and a public utility. Although a long-range goal
=7-22 Solve the following LP problem using the corner point graphical method. At the optimal solution, calculate the slack for each constraint:Maximize profit subject to= ++ ≤− ≤+ ≤≥4 4 3
=7-23 Consider this LP formulation:Minimize cost subject to= ++ ≥+ ≥+ ≥≤$, X Y X Y X Y X Y YX 23 90 8 2 160 3 2 120 70 Y ≥ 0 Graphically illustrate the feasible region and apply the isocost
=7-24 The stock brokerage firm of Blank, Leibowitz, and Weinberger has analyzed and recommended two stocks to an investors’ club of college professors.The professors were interested in factors such
=7-27 Consider the following four LP formulations. Using a graphical approach, determine(a) which formulation has more than one optimal solution.(b) which formulation is unbounded.(c) which
=7-28 Graph the following LP problem and indicate the optimal solution point:Maximize profit subject to= ++ ≤+ ≤$ $ 3 2 2 150 2 3 300 X Y X Y X Y(a) Does the optimal solution change if the profit
=7-29 Graphically analyze the following problem:Maximize profit subject to hours hours= ++ ≤+ ≤$ $ 4 6 2 8 6 4 24 X Y X Y X Y(a) What is the optimal solution?(b) If the first constraint is
=7-30 Examine the LP formulation in Problem 7-29. The problem’s second constraint reads 6 4 X Y + ≤ 24 hours ( ) time available on machine 2 If the firm decides that 36 hours of time can be made
=7-31 Consider the following LP problem:Maximize profit subject to= ++ ≤+ ≤≥5 6 2 120 2 3 24 0 0X Y X Y X Y X Y,(a) What is the optimal solution to this problem?Solve it graphically.
=(b) If a technical breakthrough occurred that raised the profit per unit of X to $8, would this affect the optimal solution?
=(c) Instead of an increase in the profit coefficient X to $8, suppose that profit was overestimated and should only have been $3. Does this change the optimal solution?
=7-32 Consider the LP formulation given in Problem 7-31. If the second constraint is changed from 2X + 3Y ≤ 240 to 2X + 4Y ≤ 240, what effect will this have on the optimal solution?
=7-33 The computer output given below is for Problem 7-31. Use this to answer the following questions.
=(a) How much could the profit on X increase or decrease without changing the values of X and Y in the optimal solution?(b) If the right-hand side of constraint 1 were increased by 1 unit, how much
=(c) If the right-hand side of constraint 1 were increased by 10 units, how much would the profit increase?
=7-34 The computer output on the next page is for a product mix problem in which there are two products and three resource constraints. Use the output to help you answer the following questions.
=(b) How much of each of the three resources is being used? How much slack is there for each constraint? Which of the constraints are binding, and which are nonbinding?
=(c) What are the dual prices for each resource?(d) If you could obtain more of one of the resources,
=which one should you obtain? How much should you be willing to pay for this?
=(e) What would happen to profit if, with the original output, management decided to produce one more unit of product 2?
=7-35 Graphically solve the following problem:Maximize profit subject to= ++ ≤≤≥8 5 10 60 1 2 1 2 11 2 X X X X XX X,(a) What is the optimal solution?(b) Change the right-hand side of constraint
=(c) Change the right-hand side of constraint 1 to 6(instead of 10) and resolve the problem. How much did the profit decrease as a result of this?Looking at the graph, what would happen if the
=(d) Change the right-hand-side value of constraint 1 to 5 (instead of 10) and resolve the problem.How much did the profit decrease from the original profit as a result of this?(e) Using the
=(f) What conclusions can you draw from this regarding the bounds of the right-hand-side values and the dual price?
=7-37 Bhavika Investments, a group of financial advisors and retirement planners, has been requested to provide advice on how to invest $200,000 for one of its clients. The client has stipulated
=(a) How much money should be invested in the money market fund and the stock fund? What is the total risk?(b) What is the total return? What rate of return is this?
=(c) Would the solution change if risk measure for each dollar in the stock fund were 14 instead of 12?
=(d) For each additional dollar that is available, how much does the risk change?
=(e) Would the solution change if the amount that must be invested in the money market fund were changed from $40,000 to $50,000?
=7-38 Refer to the Bhavika Investments (Problem 7-37)situation once again. It has been decided that, rather than minimize risk, the objective should be to maximize return while placing restriction
=(d) For each additional dollar that is available, what is the marginal rate of return?
=(e) How much would the total return change if the amount that must be invested in the money market fund were changed from $40,000 to $50,000?Problems 7-39 to 7-44 test your ability to formulate LP
=7-39 The Feed ‘N Ship Ranch fattens cattle for local farmers and ships them to meat markets in Kansas City and Omaha. The owners of the ranch seek to determine the amounts of cattle feed to buy so
=7-40 The Weinberger Electronics Corporation manufactures four highly technical products that it supplies to aerospace firms that hold NASA contracts. Each of the products must pass through the
=7-41 Outdoor Inn, a camping equipment manufacturer in southern Utah, is developing a production schedule for a popular type of tent, the Double Inn. Orders have been received for 180 of these to be
=7-42 Outdoors Inn (see Problem 7-41) expanded its tentmaking operations later in the year. While still making the Double Inn tent, it is also making a larger tent, the Family Rolls, which has four
=7-43 Modem Corporation of America (MCA) is the world’s largest producer of modem communication devices for microcomputers. MCA sold 9,000 of the regular model and 10,400 of the smart
=7-45 Raptor Fuels produces three grades of gasoline—Regular, Premium, and Super. All of these are produced by blending two types of crude oil—Crude A and Crude B. The two types of crude contain
=7-46 A wealthy farmer in Sathyamangalam, Tamil Nadu,owns fifty acres of land. He is going to plant each acre with sugarcane or corn. Each acre planted with sugarcane yields Rs 16,000 profit; each
=(b) Solve the problem using graph paper and determine the maximum profit. Show the isoprofit lines or objective function lines and clearly identify the corner points of the feasible region.
=1. What recommendations should Ron Garcia make, with what justification? Provide a detailed analysis with charts, graphs, and computer printouts included.
=2. Discuss the need for temporary workers in the drawing department.
=3. Discuss the plant layout.
=1. Given the production capacity, yarn availability and sales constraints that Ganesh is faced with, what product mix would you suggest to him for the next month in order that he may maximize his
=2. Ganesh feels that one of the objectives of the IHD Project is also to ensure adequate earnings to the weavers. He feels that he is even willing to sacrifice to some extent, the profitability of
=3. The Finance Manager, Rokado, informed Ganesh that the production plan arrived at could not be supported with the money available to Panchtantra. He indicated that not more than Rs1.50 lakhs could
1. Qualitative forecasting models includea. regression analysis.b. Delphi.c. time-series models.d. trend lines.
2. A forecasting model that only uses historical data for the variable being forecast is called aa. time-series model.b. causal model.c. Delphi model.d. variable model.
3. One example of a causal model isa. exponential smoothing.b. trend projections.c. moving averages.d. regression analysis.
5-1 Describe briefly the steps used to develop a forecasting system.
5-2 What is a time-series forecasting model?
5-3 What is the difference between a causal model and a time-series model?
5-4 What is a qualitative forecasting model, and when is it appropriate?

Showing 700 - 800 of 1693

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved