BMCC is preparing a field trip for 400 students. The bus company has 10 buses of 50 seats each and 8 buses of 40 seats, but has only 9 drivers available. The rental cost for a large bus is $800 and $600 for a small bus. Calculate how many buses of each type should be used for the trip for the least possible cost Choose the corner point that satisfies the objective
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BMCC is preparing a field trip for 400 students. The bus company has 10 buses of 50 seats each and 8 buses of 40 seats, but has only 9 drivers available. The rental cost for a large bus is $800 and $600 for a small bus. Calculate how many buses of each type should be used for the trip for the least possible cost
- Choose the corner point that satisfies the objective
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- Trips Logistics, a third-party logistics firm that provides warehousing and other logistics services, is facing a decision regarding the amount of space to lease for the upcoming three-year period. The general manager has forecast that Trips Logistics will need to handle a demand of 100,000 units for each of the next three years. Historically, Trips Logistics has required 1,000 square feet of warehouse space for every 1,000 units of demand. For the purposes of this discussion, the only cost Trips Logistics faces is the cost for the warehouse. Trips Logistics receives revenue of $1.22 for each unit of demand. The general manager must decide whether to sign a three-year lease or obtain warehousing space on the spot market each year. The three-year lease will cost $1 per square foot per year, and the spot market rate is expected to be $1.20 per square foot per year for each of the three years. Trips Logistics has a discount rate of k = 0.1.A car company is planning the introduction of a new electric car. There are two options for production. One is to produce the electric car at the company’s existing plant in Illinois, sharing production with its other products that are currently being produced there. If the sales of the electric car are moderate, this will work out well as there is significant capacity to produce all of the products there. However, if sales of the electric car are strong, this option would necessitate Adding a 3rd shift, which would lead to significantly higher costs. Another option is to build a new plant in Ohio. The new plant would have sufficient capacity to meet whatever level of demand for the new car. However, if sales of the new car not strong, the plant would be underutilized and less efficient. Since this is a new product, sales are hard to predict. The forecast indicates there is a 60% chance of strong sales (annual sales of 100,000), and 40% chance of moderate sales (annual sales of…Delta company has 3 plants with 4 distribution centers across the state. The company has 5 wholesalers in its network that gets its products through the distribution centers. The number of decision variables in a linear program to calculate its minimum shipping cost is: Please do fast ASAP
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- Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak and cherry cabinets, the company decided to contract with three smaller cabinetmakers to do the final finishing operation. For the three cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherry cabinets, the number of hours available for the final finishing operation, and the cost per hour to perform the work are shown here: Cabinetmaker 1 Cabinetmaker 2 Cabinetmaker 3 Hours required to complete all the oak cabinets 47 40 27 Hours required to complete all the cherry cabinets 64 51 36 Hours available 40 30 35 Cost per hour $34 $41 $52 For example, Cabinetmaker 1 estimates it will take 47 hours to complete all the oak cabinets and 64 hours to complete all the cherry cabinets. However, Cabinetmaker 1 only has 40 hours available for the final…Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak and cherry cabinets, the company decided to contract with three smaller cabinetmakers to do the final finishing operation. For the three cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherry cabinets, the number of hours available for the final finishing operation, and the cost per hour to perform the work are shown here: Cabinetmaker 1 Cabinetmaker 2 Cabinetmaker 3 Hours required to complete all the oak cabinets 50 44 32 Hours required to complete all the cherry cabinets 61 46 34 Hours available 35 25 30 Cost per hour $36 $43 $56 For example, Cabinetmaker 1 estimates that it will take 50 hours to complete all the oak cabinets and 61 hours to complete all the cherry cabinets. However, Cabinetmaker 1 only has 35 hours available for the final…The MidLands Trucking Company based in Louisvillehas eight trucks located throughout the Mideast that havedelivered their loads and are available for shipments. Through their Internet logistics site MidLands has re-ceived shipping requests from 12 customers. The follow-ing table shows the mileage for a truck to travel to a customer location, pick up the load, and deliver it. Determine the optimal assignment of trucks to customersthat will minimize the total mileage. Customers Truck A B C D E F G H I J K L1 500 730 620 410 550 600 390 480 670 710 440 5902 900 570 820 770 910 660 650 780 840 950 590 6703 630 660 750 540 680 750 810 560 710 1200 490 6504 870 1200 810 670 710 820 1200 630 700 900 540 6205 950 910 740 810 630 590 930 650 840 930 460 5606 1100 860 800 590 570 550 780 610 1300 840 550 7907 610 710 910 550 810 730 910 720 850 760 580 6308 560 690 660 640 720 670 830 690 880 1000 710 680
- According to Colias'a WSJ article in August 17, 2021, Ford and Volkswagen want to shift how they sell vehicles in USA. They are moving toward a model, where customers build and order vehicles through the website and then pick them up at dealerships. This so-called build-to-order model would help cut inventory costs for the company and its dealers. This approach is the norm in Europe, it is unfamiliar to American car shoppers, who are accustomed to picking a vehicle from rows of shiny sheet metal and driving it home that day. Discuss why both companies would like to make changes in how they sell cars? Compare both traditional and build-to-order approaches and evaluate built-to-order approach from the perspectives of (a) Ford, (b) its dealers, and (c) its customers, and let me know if this new approach would be successful its not an essay I need only answerA recruiter for a job placement agency is considering whether to pay $50,000 per year to lease a new recruiting facility in a prime location in Washington D. C. He estimates it will cost $50 per recruit to process the paperwork at this new location. He receives a $75 commission for each new recruit he processes. Part A - If the office space at this new location has design and effective capacities of 10,000 and 8,000 recruits processed annually, respectively, and 6,000 recruits will be processed per year, what will be the utilization of the office space?Part B - If his office space at this new location has design and effective capacities of 10,000 and 8,000 recruits processed annually, respectively, and he plans to be 90% efficient in his use of this space, how many recruits does he plan to process per year?The DellaVecchia Garden Center purchases and sells Christmas trees during the holiday season. It purchases the trees for $10 each and sells them for $20 each. Any trees not sold by Christmas day are sold for $2 each to a company that makes wood chips. The garden center estimates that four levels of demand are possible: 100, 200, 500, and 1,000 trees.a. Compute the payoffs for purchasing 100, 200, 500, or1,000 trees for each of the four levels of demand.b. Construct a payoff table, indicating the events and alternative courses of action.c. Construct a decision tree.d. Construct an opportunity loss table. Use the Optimistic (maximax) to choose the best choice.e.Use the Pessimistic (maximin) to choose the best choice.f.Use the Criterion of realism (Hurwicz) to choose the best choice. α = 0.6g.Use the Equally likely (Laplace) to choose the best choice. h.Use the Minimax regret to choose the best choice.i.Use the expected monetary value to make a choice. ( Probability for the four level…