Stoneware Pottery Company
Item
Bowl
Mug
Total Available
Labor (hrs/unit)
Material (lbs/unit)
1
2
40
Profit ($/Unit)
4
3
120
40
50
Model
Items Produced
Maximize Total Profit
Binding Constraints
Hours of Labor
Pounds of Clay
Decision Variables
Bowl
Mug
24
8
Stoneware Pottery Company
Production
Products
Material
Bowls
Mugs
Resources Available
Labor
Profit
4
2
1
3
120
40
40
50
Stoneware Pottery Company wants to deter
be produced per day in order to maximize p
constraints. The unit profit value for Bowls i
valu
On the tab labeled "Original Problem", I have provided the modeling of Problem #17 in Chapter 3. Carefully read the statement of the problem
in the textbook and then review the model to familiarize yourself with the integration of the LP into Excel. Refer
On the tab labeled "Original Problem", I have provided the modeling of Problem #17 in Chapter 3. Carefully read the statement of the problem
in the textbook and then review the model to familiarize yourself with the integration of the LP into Excel. Refer
Stoneware Pottery Company
Bowls
Mugs
Production
24
8
Unit Profit
$40.00
$50.00
Bowls
Hours
Clay
Total Profit
Mugs
1
4
Used
2
3
40
120
Available
40
120
1360
24 bowls should be produced
8 mugs should be produced
The optimal solution is $1360
The binding con
In the Par Inc. example from chapter 2, the solutions were not integer values. Does this
make sense for this application? Is this a general property of Linear Programming
problems? Explain why rounding or truncating non-integer values for the solutions is
This template may be used to draw a network diagram
Client A
180 Hours
$100
Avery
160 Hours
$120
$155
$125
Baker
160 Hours
Client B
75 Hours
$135
$150
$115
$115
Campbell
140 Hours
$140
Client C
100 Hours
$120
$100
$130
Client D
85 Hours
ent D
Hours
Premie
On the tab labeled "Original Problem", I have provided the modeling of Problem #17 in Chapter 3. Carefully read the statement of the
problem in the textbook and then review the model to familiarize yourself with the integration of the LP into Excel. Refer
MGMT 430 Network Modeling Assignment Week 3 Dropbox 4
Quality Consulting has two consultants, Alfred and Barbara that can be scheduled to work for
clients up to a maximum of 170 hours each over the next four weeks. A third consultant, Charlie, has
some ad
Multiple-Channel Waiting Line Model
Assumptions
Poisson Arrivals
Exponential Service Times
Number of Channels
Arrival Rate
Service Rate For Each Channel
2
5
10
Operating Characteristics
Probability that no customers are in the system, Po
Average number of
What do you see as the major economic challenges facing our society today and, in
particular, your generation?
One of the biggest and scariest challenges when it comes to todays society and jobs is the factor
of outsourcing, as well as the advances in tec
1. The critical path is
a) The longest path
b) Is a combination of all paths
c) Is any path that goes from the starting node to the completion node
d) Is the shortest path
2. Activities with zero slack
a) Lie on a critical path
b) Have no predecessors
c)
1. The critical path is
a) The longest path
b) Is a combination of all paths
c) Is any path that goes from the starting node to the completion node
d) Is the shortest path
2. Activities with zero slack
a) Lie on a critical path
b) Have no predecessors
c)
Inequality of income is greater in the United Stated than in other capitalist countries.
What do you think explains this? Is there something unjust about extreme inequality?
Inequality began to dramatically rise in the 1970s, after a brief time of decreas
"How common is it for people to try to justify their conduct with the
argument that Everybodys doing it? Provide examples from your
own experience. How does the justification of Everybodys Doing It
align with Kants Categorical Imperative?
This theory or v
BriAnna L. Green
March 9, 2017
MGMT 430
Dropbox Assignment 3
Chapter 5- Question 5.8
a) What is the optimal solution and total profit?
The optimal solution is to produce zero gallons of chocolate ice cream,
300 gallons of vanilla ice cream and 75 gallons
On the tab labeled "Solutions", there are 5 questions about the problem
that will require you to either make an input to the Excel file model or
interpret the results of the model upon entering the required information.
Each will be evaluated for producin
1)Develop a network representation of the problem. You may reference the Network Diagra
$100
Clien
180
Alfred
170 hrs
$125
$120
$115
$100
Barbara
170 hrs
$135
Client B
75 hrs
Client B
75 hrs
$115
Client C
100 hrs
$150
Client C
100 hrs
$155
$120
$140
Charl
Apply Your Knowledge
Project 11 - Scanner System
Input boxes in tan
Output boxes in yellow
Given data in blue
Answers in red
edge
SplashEm
Average Ticket Price
Average Number Tickets Sold Annually
Online Ticket Expense as % of Sales
Revenue Benefit Analys
Are corporations moral agents? Do they have moral responsibilities?
What do you think companies should do to make themselves more
moral organizations?
I would have to say that corporations can be viewed as moral agents. While
they are not a physical perso
1
2
Development Poject
3
4
5
Estimsted Profit (millions)
$1
$1.80
$1.60
$0.80
$1.40
Capital required (millions)
6
12
10
4
8
a. Formulate a BIP model in algebraic form for this problem
Let X1 = 1 if invest in project 1; 0 if notherwise
X2 = 1 if invested i
1)Develop a network representation of the problem. You may reference the Network Diagra
$100
Client A
180 hrs
Alfred
170 hrs
$125
$120
$115
$100
$135
Client B
75 hrs
Client B
75 hrs
Barbara
170 hrs
$115
C
ClientClient
C
100
hrs
100 hrs
$150
$155
$120
$140
On the tab labeled "Original Problem", I have provided a problem statement and the modeling
Carefully read the problem statement. Reference the Wyndor example from the text for an exa
Excel.
The first requirement is to fill in the formulas in the GREEN ce
MGMT 430 Network Modeling Assignment Week 3 Dropbox 4
Quality Consulting has two consultants, Alfred and Barbara that can be scheduled to work for
clients up to a maximum of 170 hours each over the next four weeks. A third consultant, Charlie, has
some ad
On the tab labeled "Solutions", there are 5 questions about the problem
that will require you to either make an input to the Excel file model or
interpret the results of the model upon entering the required information.
Each will be evaluated for producin
BriAnna L. Green
March 17, 2017
MGMT 393
Assignment 3
Chapter 3 Opening Case Questions
1. Knowledge: Do you consider Bitcoin a form of disruptive or
sustaining technology?
I consider bitcoin to be a disruptive technology. By definition, a
disruptive techn
On the tab labeled "Original Problem", I have provided a problem statement and the modeling
Carefully read the problem statement. Reference the Wyndor example from the text for an exa
to Excel.
The first requirement is to fill in the formulas in the GREEN
BriAnna L. Green
March 23, 2017
MGMT 430
Dropbox 6
Consider a capital budgeting problem with six project represented by
binary (0 or 1) variables X1, X2, X3, X4, X5, X6.
1. Write a constraint modeling the situation in which at least 2 of
the project from
BriAnna L. Green
March 9, 2017
MGMT 430
Dropbox Assignment 3
Chapter 5- Question 5.8
a) What is the optimal solution and total profit?
The optimal solution is to produce zero gallons of chocolate ice cream,
300 gallons of vanilla ice cream and 75 gallons
, Effective: Online, Ma 2017
MGMT 430: Management SCIence y
Course Description
Management Science is a discipline that integrates mathematical modeling and
quantitative analysis into the managerial decision-making process. The goal of the
course is to pro
Question: What is customer value? Explain in detail how it relates to
customer satisfaction. Select a product and describe how that
product provides value to the customer.
Answer: Customer value is the relationship between benefits and the
sacrifice neces
a. Simulate the services times for five customers by using the following five random number: 0.6505, 0.0740, 0.84
3+5(0.6505)=6.25
3+5(0.0740)=3.37
3+5(0.8443)=7.22
3+5(0.4975)=5.49
3+5(0.8178)=7/09
b. Calculate the average of the five service times and c
Month
1
2
3
4
5
6
7
Sales
15
13
18
22
20
23
22
1. Construct a time series plot. What type of pattern exists?
The data follows a horizontal pattern.
Sales
25
20
15
10
5
0
1
2
3
4
5
6
7
Sales
2. Develop a forecast for the next month using the nave last-valu
Question 1 (2 points)
S corporations offer the same legal protection to owners as C corporations.
Question 1 options:
True
False
Question 2 (2 points)
Bobby T (95% owner) would like to elect S corporation status for DJ, Inc. Dallas (5% owner) does not wan