5. A company is considering an expansion into five new sales territories. The company has four salesmen.Based on the salesmen's experiences and capability the TSM has estimated required time (days) for eachof the salesmen to complete the advertising campaign in each of the sales territories. The estimateddurations are as follows:TERRITORIES134s17580857090SALESS29171827585MENS37890858080S46575888590Suggest optimum assignment of the salesmen. If for certain reasons, salesman S4 cannot be assigned toterritory 3, will the optimum assignment be different? If so, what would be the new assignment schedule?

The question is unbalanced problem of minimization. In order to balance it we will insert a dummy…

Answered: 5. A company is considering an…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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3. The marketing group for a cell phone manufacturer plans to conduct a telephone survey to determine consumer attitudes toward a new cell phone that is currently under development. In order to have a sufficient sample size to conduct the analysis, they need to contact at least 100 young males (under age 40), 150 older males (over age 40), 120 young females (under age 40), and 200 older females (over age 40). It costs $1 to make a daytime phone call and $1.50 to make an evening phone call (due to higher labor costs). This cost is incurred whether or not anyone answers the phone. The table below shows the likelihood of a given customer type answering each phone call. Assume the survey is conducted with whoever first answers the phone. Also, because of limited evening staffing, at most one-third of phone calls placed can be evening phone calls. How should the marketing group conduct the telephone survey so as to meet the sample size requirements at the lowest possible cost? Who Answers?…
In November 2023, a certified investment property appraiser was hired to appraise the value of a 72,000 square foot Safeway anchored neighborhood shopping center in Fremont, California that was last sold in 2014 to a foreign investment company based in the Cayman Islands for $26 million. The November 2023 appraised value represents the: a. Actual market value of that property b. Actual purchase price of that property c. Actual replacement cost of that property d. Actual opinion of value by that appraiser
(d) As part of a marketing program, a city block containing 4 households was selected and a sample of 3 households was sampled as follows. Jeremiah, the research assistant, identified the households and numbered each household from 1 to 4. He then want to list all combinations of the 4 households 2 at a time. These are: 1 and 2 1 and 3 1 and 4 2 and 3 2 and 4 3 and 4 Unfortunately, Jeremiah got this job because he was related to the Department Chairman, and he was very careless. He forgot the combina- tion 3 and 4. He chose a random number between 1 and 5 (it turned out to be 4) which corresponded to the combination 2 and 3. Thus households 2 and 3 were sampled. The variable of interest was out-of-pocket medical expenses incurred by the household (Table Q1 (d)). Table Q1 (d) : Out-Of-Pocket Medical Expenses Incurred by the Household Expenses ($) 345.00 Household 1 126.00 492.00 962.00 3 4 (ii) Based on Jeremiah's sampling procedure, what is the expected value of mean and variance of…
1. A commercial bakery has recorded sales (in dozens) for three products, shown as follows:DayBlueberryMuffinsCinnamonBuns Cupcakes1 30 18 452 34 17 263 32 19 274 34 19 235 35 22 226 30 23 487 34 23 298 36 25 209 29 24 1410 31 26 1811 35 27 47 DayBlueberryMuffinsCinnamonBuns Cupcakes12 31 28 2613 37 29 2714 34 31 2415 33 33 22a. Predict orders for the following day for each of the products using an appropriate naive method.Hint: Plot each data set.
Below is a table that shows the Freshmen Enrollment of the New Texas Elementary School during the 1a Semesters of the past ten (10) Academic Years (AY), AY 2013-2014 2014-2015 2015-2016 2016-02017 2017-2018 Freshmen Enrollees AY 200 220 235 270 315 4. For the Weighted Moving Averages model, use: a weight of 0.40 for the most recent data; a weight of 0.35 for the second most recent data; and a weight of 0.25 for the third most recent data. You are the Principal of New Texas Elementary School. You are interested to know the forecast of freshmen enrolment for the next academic year (AY2023-2024), in order to plan ahead the necessary resources: faculty, classroom, library holdings, physical facilities, student services, furniture and fixtures, etc.). These are the requirements: AT 2013-2014 1. Calculate the forecast using 5 forecasting techniques/methodologies/models namely: Naïve Model, Unweighted and Weighted Moving Averages, Exponential Smoothing, and Time-Series Regression. Follow and…
An airline company has drawn up a new flight schedule involving five flights. To assist in allocating five pilots to the flights, it has asked them to state their preference scores by giving each flight a number out of 10. The higher the number, the greater is the preference. Certain of these flights are unsuitable to some pilots owing to domestic reasons. These have been marked with a -. Flight Number Pilot I II III IV V A 8 2 - 5 4 B 10 9 2 8 4 C 5 4 9 6 - D 3 6 2 8 7 E 5 6 10 4 3 What should be the allocation of the pilots to flights in order to meet as many preferences as possible?
Letz Products has two decisions to make, with the second decision dependent on the outcomeof the first. The company intends to build a new plant. Letz has the option of conducting itsown marketing research survey for which the results will either be positive or negative. Theinformation from this survey could help it decide whether to build a large plant, to build a smallplant, or not to build at all. Letz recognizes that although such a survey will not provide it withperfect information, it may be extremely helpful. Using the image explain to your client (Letz) what the above decision tree shows. You arerequired to show all working.
Sales of industrial vacuum cleaners at Yarena Supply CO. over the past 13 months are as follows: Sales in P1,000 Month Sales in P1,000 Month 11 January 14 August 14 February 17 September 15 March 12 October 10 April 14 November 15 May 16 December 17 June 11 January 11 July Required suing a moving average with three periods, determine the demand for vacuum cleaners for next February?
Theme Park (5S-7A) The lease of Theme Park, Inc., is about to expire. Management must decide whether to Renew the lease for another 10 years or to Relocate near the site of a proposed new motel. The town planning board is currently debating the merits of granting approval to the motel. A consultant has estimated the net present value of Theme Park's two alternatives under each state of nature as shown below. Suppose that the management of Theme Park, Inc., has decided that there is a 0.20 probability that the motel's application will be approved. Options Renew Relocate Alternative Renew Relocate Motel Approved a-1. If management uses maximum expected monetary value as the decision criterion, calculate expected monetary value for the alternatives "Renew" and "Relocate"! $ 400,000 2,000,000 O Renew O Relocate Motel Rejected $4,000,000 100,000 Expected Value a-2. Which alternative should it choose? b. If management has been offered the option of a temporary lease while the town planning…
17. The manager of a utility company in the Texas panhandle wants to develop quarterly forecasts of power loads for the next year. The power loads are seasonal, and the data on the quarterly loads in megawatts (MW) for the past 4 years are as follows: Quarter 1 2 3 Year 1 103.5 126.1 144.5 166.1 Year 2 94.7 116.0 137.1 152.5 Year 3 118.6 141.2 159.0 178.2 The manager estimates the total demand for the next year at 600 MW. Use the multiplicative seasonal method to develop the forecast for each quarter. Year 4 109.3 131.6 149.5 169.0
RDB Company wishes to assign a real estate brokers to one of its 6 sales districts. Based on theprofile of prospective buyers and the past performance of its top 6 brokers, the company estimatesthat average property sales, in lots/month, would be as follows:
7. The following multiple-regression model was developed to predict job performance as measured by a company job performance evaluation index based on a preemployment test score and college grade point average (GPA): y=35+20x1+50x2, where y=job performance evaluation index, x1=preemployment test score, and x2=college GPA. Part 2 a) For an applicant who had a 3.0 GPA and scored 80 on the preemployment test, the forecast for the job performance index= __________ (enter your response as a whole number).

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