Suppose the lowest and highest demand levels are updated to 70,000 and 145,000, respectively. What is the expected cost for Option 1 now?
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Given that the fixed cost for one year is 650000, the variable cost per unit is 1, For each demand unit per year, I have been given the probability data, here, I would determine the Expected cost for option 1, the detailed calculations are shown in the next section,
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- Q3. Polygram Sound Systems manufacturers and sell sound systems for both home and auto. All parts of the sound systems, with the exception of CD players, are produced in the Rochester, New York, plant. CD players used in the assembly of Concord, New Hampshire. Polygram purchasing agent Mary Kim submit a purchase requisition for CD players once every 4 weeks. The company's annual requirement is 24000 units, and the cost per unit is $40.00. Polygram does not purchase in greater quantities because Morris Electronics does not offer discounts and promises delivery within 1 week upon receiving the purchase requisition, and rarely is there a shortage of CD players. (Total time between date of order and date of receipt is 8 days). Associated with the purchase of each shipment, there are procurement costs which amount to $20 per order, (these includes the costs of preparing the requisition, inspecting and storing the delivered goods, updating inventory records, issuing a voucher and a check for…Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows: Room Rental Class Super Saver Deluxe Business $30 $30 Type I Type II Type I rooms do not have high-speed wireless Internet access and are not available for the Business rental class. Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 120 rentals in the Super Saver class, 55 in the Deluxe class, and 50 in the Business class. Round Tree has 90 Type I rooms and 120 Type II rooms. $25 $20 $40 (a) Formulate and solve a linear program to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types. Rental Class…30.May I know the correct option?
- 29 00:24 1 令.l 50 B/s Question no. 02: A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The accompanying table summarizes price and cost data, combined fixed costs equal $650,000. A marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of Bamsi and 4 units of Turgut will be sold. Action Figures Turgut Bamsi Dogan Novan Selling Price (in dollars) 35 26 24 16 Variable Cost/unit (in dollars) 17 12 12 11 Table 1 a) How many product mix units must be sold to break even? b) How does it translate into sales of individual games?* 00 R 品 Miles is considering buying a new pickup truck for his lawn service firm. The economy in town seems to be growing, and he is wondering whether he should opt for a subcompact, compact, or full-size pickup truck. The smaller truck would have better fuel economy, but would sacrifice capacity and some durability. A friend at the Bureau of Economic Research told him that there is a 30% chance of lower gas prices in his area this year, a 20% chance of higher gas prices, and a 50% chance that gas prices will stay roughly unchanged. Based on this information, Miles has developed a decision table that indicates the profit amount he would end up with after a year for each combination of truck and gas prices. States of Nature Lower gas Gas prices Higher gas Alternatives prices unchanged prices Subcompact 000ʻ9 000'6 000ʻ Compact 15,000 Full size 000'6, 000'9 gooʻ'r Probability 0.5 0.2 Which type of truck should Miles select based on Maximin Criterion? MacBook Air 000 000 DD F2 F4 F5 F7…Q: How the net profit is calculated for product explain and derive formula for it?
- Name the 4P’s?Problem 1 Dr. Song will go to McDonald's for dinner tonight. After studying operations research, he feels that he should at least be "smart" enough to figure out the way he eats it. Let's build a model to determine what to eat at McDonald's. QP AD BM FF MC FR SM 1M OJ Required Cost 3.79 4.49 3.99 3.79 1.29 1.79 1.19 1.00 1.89 Prot 28 24 25 14 31 3 15 1 55 VitA 15 15 6 8 4 10 2 100 VitC 10 2 15 15 4 120 100 Calc 30 20 25 15 15 20 30 2 100 Iron 20 20 20 10 8 15 100 Cals 510 370 500 370 400 220 345 110 80 2000 Carb 34 33 42 38 42 26 27 12 20 350 The tables gives the menu (Quarter Pounder, Angus Deluxe, etc.) along with their unit cost (in $) and amount of nutrients contained (Protain, Vitamin A, etc.) The last column of the table gives the daily required amount of nutrients suggested by Dr. Song's doctor. Suppose Dr. Song aims to minimize the cost of his dinner, while he wants to satisfy all the nutrient requirements. Formulate this problem as a linear programming model, and solve it in…Q4. Why menu is considered as the single most impactful management tool in a food service operation? Write down names of 2 basic menu pricing style?
- Fat(g) Item cost($) $0.25 $0.15 $0.10 $0.09 $0.03 $0.04 $0.02 $0.04 Item Sodium(mg) Calories Beef Ratty.m 50 17 220 260 330 310 Bun Cheese 70 Onions 1 10 Pickles 260 5 wer Lettuce 3 4 Ketchup 160 20 Tomato 3 As the owner of a fastfoad restaurant with declining sales, your customers are looking for something new and exciting on the menu. Your market research indicates that they want a burger that is loaded with everything as long as it meets certain health requirements. Money is no object to them. The ingredient list in the table shows what is available to include on the burger. You must include at least one of each item and no more than five of each item. You must use whole items (for example, no half servings of cheese). The final burger must contain less than 3000 mg of sodium, less than 150 grams of fat, and less than 3000 calories. To maintain certain taste quality standards you'll need to keep the servings of ketchup and lettuce the same. Also, you'll need to keep the servings of…12 points Q4. You are planning to shift in your new house very soon. But before shifting you want an electricity connection in your house. Write a request letter to KESC to provide a connection. [CLO 3] [12 Marks] Your answerThe controller recently purchased price comparison software for your hotel. To which of the following department heads will this operating cost expenditure be assigned? Question 3 options: a) Food and beverage b) Housekeeping c) Revenue management d) Sales and marketing