MGMT 30600 —— Quiz 5, Fall 2014
Name: Section:
Exhibit 1: The following payoff table shows 3 decision alternatives and 3 states of nature.
Assume the table shows Proﬁts. Use the table to answer questions 1-3. (1 point each)
l State 1 l State
MANAGEMENT SCIENCE (MGMT 30600)
Review Problems for Exam 1
Reminders:
- The exam is on Thursday, September 25, from 8:00 9:00 p.m. in WTHR 200 and Class of 50 room
224. Room and seating assignments will be announced on Blackboard.
- The exam will be close
MGMT 30600 Quiz 3, Fall 2014
Name:
ID:
1. An investor is trying to decide what fraction of her portfolio should be invested in each of three
stocks: stock 1, stock 2, and stock 3. From past data the following is known on the means,
standard deviations, an
MGMT 30600
Solutions to Review Problems for Exam 1
Multiple Choice
1. b
2. a
3. d A constraint is not binding at a point if the point is not on the constraint
line. (Equivalently, a constraint is not binding at a solution if the solution does
not satisfy
MGMT 30600 Quiz 4, Fall 2014
Name:
Session: _
Question 1: (8 points) Abracadabra, Inc. plans to purchase three types of products: 1, 2 and
3 from two suppliers: A and B. There is a contract cost of $1,000 and $1,500 associated
with suppliers A and B, resp
MGMT 30600 Quiz 2, Fall 2014
Name:
ID:
A company manufactures four variants of the same product. In the final stage of the manufacturing
process there are assembly, polishing and packing operations. For each variant, the time required
for these operations
Problem 5.4
Customer data
Des Moines
Newton
Iowa City
Cedar Rapids
Ames
Waterloo
Home
X-coordinate
0
40
108
97
0
67
Y-coordinate Trips per Year
0
62
8
12
5
39
22
36
30
18
62
40
X-coordinate
55.002
Y-coordinate
21.289
Customer Distances from Home
Des Moine
slack = 4
slack = 3
0
A
2.5
0
2.5
3
5.5
Start
5.5 6.5
0
4.0
0
8.0 9.5
2.5
G 5.0
2.0
7.5
7.0
slack = 0
4.0 6.5
a. The project completion time is 9.5 days.
b. The LFT of C is 8.0 days.
c. The EST of G is 5.0 days.
d. The slack time for A is 3 days.
e. The c
Microsoft Excel 14.0 Sensitivity Report
Worksheet: [SolutionsHW2Fall2014.xlsx]Question 1 (3.11)
Report Created: 9/8/2014 5:17:53 PM
Variable Cells
Cell
Name
$B$11 Production Plan Plasma
$C$11 Production Plan LCD
Final
Value
6000
12000
Reduced
Cost
Objecti
Question 1 (Chapter 9 Exercise 3)
a. The best decision alternative using the optimistic approach: _3
b. The best decision alternative using the conservative approach: _1
c. The best decision alternative using the minimax regret appraoch:
_2
d. The best de
Chapter 1 Question 5
a. Decision variables:
P: the number of acres of peppers raised by Organic Greenhouses;
T: the number of acres of tomatoes raised by Organic Greenhouses.
b. Objective Function:
Max 30000P + 40000T
c. Constraints:
1.5P + 3T 30
P6
P + T
MANAGEMENT SCIENCE (MGMT 30600)
Review Problems for Exam 2
Reminders:
The exam is on Thursday, November 6, at 6:30 PM 7:30 PM in PHYS 112 and PHYS
114.
Seating charts will be posted on Blackboard before the exam.
You may bring two sheets (8.5 x 11) of "cr
Final Exam Review Handout (MGMT 30600)
Final Exam: Wednesday, December 17th, from 8:00 am to 10:00 am in LAMB F101.
The seating assignment will be posted in Blackboard.
You may bring 3 sheets of "crib" notes (double-sided). A standard normal distribution
MGMT 30600 Quiz 1, Fall 2014
Name:
ID:
1. Graphical Solution Method:
Consider the following constraints and the corresponding graph below:
Constraint 1:
Constraint 2:
Constraint 3:
2x y 1
x 2y 8
x 3y
2
x, y 0
y
7
6
2x - y = 1
5
4
x - 3y = -2
3
2
x +2y = 8
Solution to Review Problems for the Final Exam of MGMT 30600
1. (a) C: # of yards of corduroy produced each month
D: # of yards of denim produced each month
Profit per yard of corduroy = 3.85 (7.5) (.10) = $3.10
Profit per yard of denim
= 2.75 (5) (.10) =