Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q 2 . A finserv company is serving four clients A , B , C and D . The company will not entertain more than

Q2.
A finserv company is serving four clients A, B, C and D. The company will not entertain more than 100 calls per day. The company has an upper limit of 50 calls per day for client A,45 calls per day for client B,40 calls per day for client C and 35 calls per day for client D. The clients uses an automated hotline for the finserv company to book service calls whose maximum daily availability is 400 minutes. The hotline time required to book a call by the clients are fixed at 3 minutes per call per client. The commission for each booked call by the clients are at $20 for A, $35 for B, $30 for C, $50 for D.
Determine an optimal call scenario for the finserv company.
Find the dual price of overall calls.
Determine the dual price of Bs call and its allowable range. If Bs call limit is raised by 5 calls, what will be the new solution and new revenue.
Check whether it is allowable to change the hotline time availability by 10%. If allowable, use the dual price to determine the effect of this change on the solution.
(You are allowed to use software for solving this problem)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Stephen P. Robbins, Mary Coulter, Ed Leach, Mary Kilfoil

12th Canadian Edition

0134830458, 978-0134830452

More Books

Students also viewed these General Management questions