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Complete problems B.1, B.5, B.7, B.11, and B.21 in the textbook.Submit one Excel file. Put each problem result on a separate sheet in your file. B.1 Solve the following linear programming problemgraphically:Maximize profit = 4X + 6YSubject to: X + 2Y ≤ 85X + 4Y ≤ 20X, Y ≥ 0B.5 Solve the following LP problem graphically:Minimize cost = 24X + 15YSubject to: 7X + 11Y ≥ 7716X + 4Y ≥ 80X, Y ≥ 0B.7 The Attaran Corporation manufactures two electricalproducts: portable air conditioners and portable heaters. Theassembly process for each is similar in that both require a certain amount of wiring and drilling. Each air conditioner takes 3 hoursof wiring and 2 hours of drilling. Each heater must go through2 hours of wiring and 1 hour of drilling. During the next productionperiod, 240 hours of wiring time are available and up to140 hours of drilling time may be used. Each air conditioner soldyields a profit of $25. Each heater assembled may be sold for a$15 profit.Formulate and solve this LP production-mix situation, andfind the best combination of air conditioners and heaters thatyields the highest profit.B.11 The Sweet Smell Fertilizer Company markets bagsof manure labeled “not less than 60 lb dry weight.” The packagedmanure is a combination of compost and sewage wastes. Toprovide good-quality fertilizer, each bag should contain at least30 lb of compost but no more than 40 lb of sewage. Each poundof compost costs Sweet Smell 5¢ and each pound of sewage costs4¢. Use a graphical LP method to determine the least-cost blendof compost and sewage in each bag.B.21. Par, Inc., produces a standard golf bag and a deluxegolf bag on a weekly basis. Each golf bag requires time for cuttingand dyeing and time for sewing and finishing, as shown in the followingtable:HOURS REQUIRED PER BAGPRODUCT CUTTING AND DYEING SEWING AND FINISHINGStandard bag 1/2 1Deluxe bag 1 2/3The profits per bag and weekly hours available for cutting anddyeing and for sewing and finishing are as follows:PRODUCT PROFIT PER UNIT ($)Standard bag 10Deluxe bag 8ACTIVITY WEEKLY HOURS AVAILABLECutting and dyeing 300Sewing and finishing 360Par, Inc., will sell whatever quantities it produces of these twoproducts.a) Find the mix of standard and deluxe golf bags to produce perweek that maximizes weekly profit from these activities.b) What is the value of the profit?
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Complete problems D.1, D.3, D.6, and D.8 in the textbook.Submit one Excel file. Put each problem result on a separate sheet in your file.D.1 Customers arrive at Rich Dunn’s Styling Shop at arate of 3 per hour, distributed in a Poisson fashion. Rich can performhaircuts at a rate of 5 per hour, distributed exponentially.a) Find the average number of customers waiting for haircuts.b) Find the average number of customers in the shop.c) Find the average time a customer waits until it is his or herturn.d) Find the average time a customer spends in the shop.e) Find the percentage of time that Rich is busy.D.3 Paul Fenster owns and manages a chili-dog and softdrinkstand near the Kean U. campus. While Paul can service 30customers per hour on the average (m), he gets only 20 customersper hour (l). Because Paul could wait on 50% more customersthan actually visit his stand, it doesn’t make sense to him that heshould have any waiting lines.Paul hires you to examine the situation and to determinesome characteristics of his queue. After looking into the problem,you find it follows the six conditions for a single-server waitingline (as seen in Model A). What are your findings?D.6 Calls arrive at Lynn Ann Fish’s hotel switchboard ata rate of 2 per minute. The average time to handle each is 20 seconds.There is only one switchboard operator at the current time.The Poisson and exponential distributions appear to be relevantin this situation.a) What is the probability that the operator is busy?b) What is the average time that a customer must wait beforereaching the operator?c) What is the average number of calls waiting to be answered?D.8 Virginia’s Ron McPherson Electronics Corporationretains a service crew to repair machine breakdowns that occuron average l = 3 per 8-hour workday (approximately Poisson innature). The crew can service an average of m = 8 machines perworkday, with a repair time distribution that resembles the exponentialdistribution.a) What is the utilization rate of this service system?b) What is the average downtime for a broken machine?c) How many machines are waiting to be serviced at any giventime?d) What is the probability that more than 1 machine is in thesystem? The probability that more than 2 are broken andwaiting to be repaired or being serviced? More than 3? Morethan 4?
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1. Discuss some of the challenges Pizza Hut might face in conducting marketing research in potential new international markets. 2. What types of research would you recommend the company use in choosing new countries for expansion? 3. Discuss some ethical issues that may arise and how you as a researcher would handle them. 4. How would you ensure that respondents privacy rights are not violated?
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1. Consider the Production Possibility Frontier (PPF) in Figure 1, which depicts an economy producing two goods, bananas and hats. (in Attach File)Figure 1: PPF for Hats and Bananas (a) If the economy is producing at point b (1 unit of bananas & 5 units of hats), what is the opportunity cost of producing one more unit of bananas? How about the opportunity costs of producing two more units of bananas instead? (b) Suppose the economy is at point a (2 units of bananas & 3 units of hats). What is the opportunity cost of producing one more unit of hats? How about two more units of hats? How about three more units of hats? (c) Is the opportunity cost producing one more unit of bananas higher at point w or at point s? What is the economic rationale for your answer? (d) If the economy is producing 2 units of bananas per year, how many hats should it produce in order to achieve production efficiency?
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In this module we are studying consumer behavior. An organization cannot persuade a customer to purchase a product or service without understanding the basics of "how people buy."In a two-page paper, address these following pointsDescribe why businesses study consumer behaviorUsing one past major purchase (ex. Appliance, home, education) you have been involved in and describe the process using the five stages that people go through in the buying processExplain how the degree of involvement impacts the purchase process decision; include what your degree of involvement was for the product in the previous step
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COR167e Managing Your Personal FinancesTutor-Marked Assignment 02TUTOR-MARKED ASSIGNMENTThis tutor-marked assignment is worth 40% of the final mark for COR167e Managing YourPersonal Finances.The cut-off date for this assignment is 2359hrs on 20 March 2015.___________________________________________________________________________Instructions1. Submit your solution document in the form of a single MS Word file on or before thecut-off date shown above.2. You will need to indicate clearly on the front page your name, student ID, course titleand assignment number.3. The websites will help facilitate your research. However, you will be penalized ifyou simply cut & paste information from these websites in your assignment___________________________________________________________________________This TMA assesses the students ability to:Describe the concept of time value of money.Explain key elements in their investment portfolio and retirement plan.Indicate the difference between various investment instruments and insurance plansand decide on what is most suitable.SIM UNIVERSITYPage 2 of7 COR167e Managing Your Personal FinancesTutor-Marked Assignment 02CASE STUDYThe information provided in this case study will be used at various parts of this TMA.Laura SimMarketing Director, Aged 42INTRODUCTIONLaura, a Singaporean, was married to Harry (recently deceased). Together, they have twochildren Lynn and Paul aged 18 and 15 respectively.EMPLOYMENTLaura is a Marketing Director with a multinational corporation and in the course of her worktravels one and a half weeks of every month.Lynn completed her A levels in 2014, while Paul dropped out of school after his O levelsand is planning to work full-time at his uncles pet shop in February 2015. He has expressedinterest in pursuing studies leading to qualifications in veterinary science starting in July2015.INCOME AND EXPENSESThe following represents the inflow and outflow figures for the family for the period 1.1.2014
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Research, individually, a corporate social responsibility (CSR) policy at a large organization. Prepare to discuss the benefits and disadvantages of the policy with your team.Imagine your team represents the executive committee at an imaginary organization tasked with drafting a CSR policy. Each person must represent a different stakeholder in the company.Document your committee's views on the essential components of a CSR policy. Include the following: What role does your organization play in the community?What factors in your organization influence the social responsibility strategies?What is one social initiative your organization will champion?What is your organization's responsibility to the community? Explain.What are the main components of an effective CSR policy?What are the potential consequences of your chosen social initiative and policy? Prepare a 15- to 20-slide Microsoft® PowerPoint® presentation, including speaker notes, presenting your CSR policy to key stakeholders in your organization.Format your presentation consistent with APA guidelines.
