What advice would you give the station manager

Assignment Help Operation Management
Reference no: EM13919407

The program manager for Channel 10 would like to determine the best way to allocate the time for the 11:00-11:30 evening news broadcast. Specifically, she would like to determine the number of minutes of broadcast time to devote to local news, national news, weather, and sports. Over the 30-minute broadcast, 10 minutes are set aside for advertising. The station's broadcast policy states that at least 15% of the time available should be devoted to local news coverage; the time devoted to local news or national news must be at least 50% of the total broadcast time; the time devoted to the weather segment must be less than or equal to the time devoted to the sports segment; the time devoted to the sports segment should be no longer than the total time spent on the local and national news; and at least 20% of the time should be devoted to the weather segment. The production costs per minute are $300 for local news, $200 for national news, $100 for weather, and $100 for sports.

a. Formulate and solve a linear program that can determine how the 20 available minutes should be used to minimize the total cost of producing the program.

b. Interpret the dual value for the constraint corresponding to the available time. What advice would you give the station manager given this dual value?

c. Interpret the dual value for the constraint corresponding to the requirement that at least 15% of the available time should be devoted to local coverage. What advice would you give the station manager given this dual value?

d. Interpret the dual value for the constraint corresponding to the requirement that the time devoted to the local and the national news must be at least 50% of the total broad- cast time. What advice would you give the station manager given this dual value?

e. Interpret the dual value for the constraint corresponding to the requirement that the time devoted to the weather segment must be less than or equal to the time devoted to the sports segment. What advice would you give the station manager given this dual value?

Reference no: EM13919407

Questions Cloud

An industry with many competitors : Complete a perceptual map that includes a minimum of 10 competitors from that same industry. Explain why you placed each competitor on its particular spot on the map.
Calculate the future value of this ordinary annuity : James Smith has a 10-year ordinary annuity that pays $1,500 every 6 months and has an annual percentage rate (APR) of 7.5%. Calculate the future value of this ordinary annuity. Assuming this was an annuity due, calculate the future value of this annu..
Illustrates a focus on capturing share of customer : Question 1: Which campaign example BEST illustrates a focus on capturing "share of customer"?
How this simple phrase illustrates the time value notion : “Time is money.” We have all heard this cliché at some point. Now that you have studied the time value of money concept, explain (3–5 paragraphs) how this simple phrase illustrates the time value notion.
What advice would you give the station manager : Interpret the dual value for the constraint corresponding to the requirement that at least 15% of the available time should be devoted to local coverage. What advice would you give the station manager given this dual value?
Expected net cash inflows and net present value : Project A costs $67,775, its expected net cash inflows are $10,000 per year for 10 years, and its WACC is 8%. What is the project's Net Present Value?
How would the minimum yearly cash inflow change : Breakeven cash inflows The One Ring Company, a leading producer of fine cast silver jewelry, is considering the purchase of new casting equipment that will allow it to expand its product line. The up-front cost of the equipment is $750,000. How would..
Merger bid-merger valuation with change in capital structure : Hastings estimates that if it acquires Vandell, interest payments will be $1,500,000 per year for 3 years after which the current target capital structure of 30% debt will be maintained. What is the unlevered value of Vandell? Vandell's beta is 1.10...
What is the probability that the sample mean scores : A typical adult has an average IQ score of 105 with a standard deviation of 20. If 20 randomly selected adults are given an IQ test, what is the probability that the sample mean scores will be between 85 and 125 points?

Reviews

Write a Review

Operation Management Questions & Answers

  Assess the production process for the ram light assembly

Assess the production process for the Ram light assembly. How efficient is it? Develop a process map for this operation. Where are the largest opportunities to reduce waste and associated costs?

  Determine the scope of the district 4 production

Review the project case. Determine the scope of the District 4 Production Warehouse Move project from the information provided in the case. Using the Project Scope Checklist, prepare a scope document for review and approval by the project sponsor ..

  Case study on phase separations solutions

What ownership levels should PS2 assume for each option? Case Study: Phase Separations Solutions

  What key technological features of sap

What key technological features of SAP set it apart from conventional business accounting/planning/control software?

  Performance appraisal system

A company sells consumer products like soaps and detergents using door-to-door sales. That is, salesmen make calls at homes, demonstrate their products, sell and collect payment on the spot. As the manager of the company, you are wondering the best w..

  How project management skills transferable across industries

Explain how project management knowledge and skills can be transferable across industries and professions

  Analyze the actions you took to develop a resource strength

Analyze the actions you took to develop a resource strength at a key point during the last four years of the simulation. Analyze how competitively powerful that strength was.

  Elucidate what present issues in these global locations

Thought an American based organization needs to take into account when working in multiple nations with vastly different employment laws. Elucidate what present issues in these global locations may affect success of an American based organization.

  Sub-process associated with risk management

Which of the following is NOT a sub-process associated with risk management?

  Prepare a graph that shows total weekly cost for each plan

suppose that the agent expects both daytime and evening calls. at what point (i.e. percentage of call minutes for daytime calls) would she be indifferent between plans A and B?

  Illustrate the organization''s product portfolio using a bcg

Identify the organization's strengths, weaknesses, opportunities, and threats using SWOT analysis. Illustrate the organization's product portfolio using a BCG Matrix.

  Describe the organizational culture of the air force academy

Describe the organizational culture of the Air Force Academy as presented in this case in terms of its similarity and differences to a typical college or university.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd