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A winery has the following capacity to produce an exclusive dinner wine at either of its two vineyards at the indicated costs: ]Vineyard Capacity Cost per Bottle1 3,500 $232 3,100 $25
Four Italian restaurants around the country are interested in purchasing this wine. Because the wine is exclusive, they all want to buy as much as they need but will take whatever they can get. The maximum amounts required by the restuarants and the prices they are willing to pay are summarized in the following table.Restaurant Maximum Demand Price
1 1,800 $692 2,300$6731,250$704 1,750$66
The costs of shipping the bottle from the vineyards to the restaurants are summarized in the following table:RestaurantsVineyard 1 2 3 41 $7 $8 $13 $92$12$6 $8 $7The winery needs to determine the production and shipping plan that allows it to maximize its profits on this wine.a. Formulate an LP model for this problem.b. Create a spreadsheet model for this problem, and solve it using Solver.c. What is the optimal solution?
K=35,000lb/in^2 and n=0.40 for a metal used in a forming operation in which the workpart is reduced in cross-sectional area by stretching.
How would you rate the comparative competitiveness of the two companies and if you are employed by company ABC that does not employ SPC, how could spec help the firm and how would you recommend?
Determine the "compensation" for the Board of Directors. As best as you can put a dollar figure on this amount. Please justify your answer in writing.
A firm is planning to conduct a study on the quality dimensions of its products and wants to determine the sample size required to estimate the process mean with a sampling error of at most 0.1 at a 90 percentage confidence level.
Calculate the process capability index and advise if the process is at an acceptable level for an existing process (defend your answer).
What are the costs and benefits of marketing prescription drugs directly to physicians?
Identify an organization that uses the Six Sigma DMAIC improvement approach. Describe in a short paper some of the ways that this organization has applied DMAIC and the results it has achieved.
What kind of project risks exists? Why is risk identification important in a project?
How many DVDs should Blockbuster order and what is its expected profit and what is the profit that the studio makes given Blockbuster's actions?
The data for the last week follows: Day # of Non-conformities 1 2 3 4 5 5 10 23 20 15 Construct a 3 standard deviation c chart of non-conformities. Elucidate what the control chart tells you about the IRS telephone operators
The reasonable woman standard recognizes that women have different ideas than men of what constitutes appropriate behavior. What are the implications of this distinction? Do you think it is a good or bad idea to make this distinction?
Okan, explain but spends which time straightening the shelves of products in his department. Which of the subsequent is the most likely response of the group towards Okan.
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