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- Maximize p = 7x + 6y + 3z subject to x + y + z ≤ 150 x + y + z ≥ 100 x ≥ 0, y ≥ 0, z ≥ 0. p= (x, y, z)=A firm is considering the replacement of a machine, whose cost price is Rs 12,200 and its scrap value is Rs 200. From experience the running (maintenance and operating) costs are found to be as follows: Year 1 2 3 4 5 6 7 8 Running Cost 200 500 800 1,200 1,800 2,500 3,200 4,000 When should the machine be replaced?8. Palmer Jam Company is a small manufacturer of several different jam products. One product is an organic jam that has no preservatives, sold to retail outlets. Susan Palmer must decide how many cases of jam to manufacture each month. The probability that demand will be 5 cases is 0.05, for 6 cases it is 0.30, for 7 cases it is 0.50, and for 8 cases it is 0.15. The cost of every case is $45, and the price Susan gets for each case is $90. Unfortunately, any cases not sold by the end of the month are of no value as a result of spoilage. Part 2 Based on the given information, Susan's conditional profits table for jam is: Demand 5 cases 6 cases 7 cases 8 cases Produce p=0.05 p=0.30 p=0.50 p=0.15 5 cases __________ ___________ ___________ ____________ b) The number of cases that Susan should produce to achieve maximum expected value (EMV) is _____ cases. c) The EMV of stocking this number of cases is $_______.
- A firm is currently taking on two projects with an individual cost of capital of 10 percent and 12 percent for each of the projects. That means that the before tax cost of capital for the firm must be between 10 and 12 percent Select one: a. False b. True. A 100 cu.m. pit is to be excavated using a hydraulic excavator with a rate of 7.1 cu.m. per hour. The rental price of the hydraulic excavator is P12,600.00 per day. If the excavator is used 8 hours per day, determine the equipment cost to finish the excavation work. 18-21. The material cost of a certain scope of work has a total of P250,500.00. Determine the number of days to finish the work if they are using 3 tools that has a rental price of P760.00 per day each. Use (Labor Cost + Equipment Cost)/Material Cost = 30% Workers Salary per day P1050.00 P650.00 P480.00 P320.00 Project Engineer Foreman 2 Skilled Laborer 3 LaborerThe alternatives shown are to be compared on the basis of their present worth values. At an interest rate of 8% per year, the values of n that you should use in the uniform series factors to make a correct comparison by the present worth method are: Alternative(A) Alternative (B) -25,000 -10,000 10,000 First Cost M&O cost/year 3,000 Salvage value 6,000 -2,000 Life 4 O A n 4 years for A and n =4 years for B OB. None of the above O C. n = 4 years for A and n =3 years for B O D. n = 12 years for A and n = 12 years for B
- Palmer Jam Company is a small manufacturing of several different jam products. One product is an organic jam that has no preservatives, sold to retail outlets. Susan Palmer must decide how many cases of jam to manufacture each month. The probability that demand will be 6 cases is .1, for 7 cases it is .3 , for 8 cases it is .5, and for 9 cases it is .1. The cost of every case is $45 and the price Susan gets for each case is $95. Unfortunately, an cases not sold by the end of the month are of no value as a result of spoilage. How many cases should susan manufacture each month6. A farmer wants to start growing broiler chickens on his farm. he realizes that he needs to start with 8000 birds. Each bird will feed a ratio of 8:20: 4 respective of their starter, grower and finisher. the price of starter is k570, grower 525 and finisher 490 per bag. assuming the birds will have a mortality survival of 90% and the total cost of the business is 20% the revenues generated from the sales of birds at k90 each.a. calculates the profitb. given the profit function of 20x-xy-1.5y^2+25y, calculate the profitc. compare the two profits calculated above and give a management decision of the farm- Consider demand: x(p₁) = 400 — 2p1 At a market price of p₁ = $125 per unit: • Determine the social loss due to moral hazard when assuming: 1. Full insurance compared to uninsured 2. A co-payment of $50 compared to uninsured 3. A 75% coinsurance rate compared to uninsured
- Based on the following sensitivity analysis, which of the following products would be considered most sensitive to changes or errors in the objective function coefficient? A. Product_2 B. Product_1 C. Product_3 Variable Cells Cell Name Final Value Reduced Cost Objective Coefficient AllowableIncrease AllowableDecrease $B$2 Product_1 0 −2 25 13 5 $B$3 Product_2 175 0 25 8 9 $B$4 Product_3 0 −1.5 25 11 3 Constraints Cell Name Final Value Shadow Price Constraint R.H.Side AllowableIncrease AllowableDecrease $H$9 Resource_A 0 0 100 1E+30 100 $H$10 Resource_B 525 0 800 1E+30 275 $H$11 Resource_C 700 1.75 700 366.6666667 700You are asked to help your boss deciding who is considering whether to make or buy a part fora top most demanding product of the company.Your company can make the component for $40 per unit or buy it for $50 per unit from vendor.If the Company decides to make the component, it will require 4 hours of machine time tomake each part. The company has 2,000 hours of machine time available per month. Shouldthe company make or buy the component? How many max parts company can make?________________________________________________________________A building has an NOI of $130,000 and is being valued with a cap rate of 4%. Using the income approach, what is the value of the building? $4,130,000 $1,300,000 $3,250,000 $2,450,000