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Chandler Oil Company has 5,000 barrels of oil 1 and 10,000 barrels of oil 2. The company sells two products: gasoline and heating oil. Both products are produced by blending oil 1 and oil 2. The quality level of each oil is as follows: 10 for oil 1; 5 for oil 2. Gasoline must have an average quality level of at least 8, and heating oil at least 6. Demand for each product must be created by advertising. Each dollar spent advertising gasoline creates 5 barrels of demand and each dollar spent on heating oil creates 10 barrels of demand. Gasoline is sold for $25 per barrel, heating oil for $20. Formulate and solve an LP to help Chandler maximize profit. Assume that no oil of either type can be purchased. Please also clearly define the decision variables and solve in Microsoft Excel using the solver function. Clearly show the constraints.
Discuss how utilizing internal consultants might add to the understanding of competitive advantage, supply chain performance, and controlling improvements.
Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The shop operates fifty-two weeks per year and weekly demand is 156 filters. Calculate the total annual costs associated with Sam..
A manufacturing facility uses a four-step process to assemble an automotive component. The quality auditors have noticed that the quality of the first step is at the 4.5 sigma level, and the quality of the second step is at the 5 sigma level. both th..
Using decision trees analysis and EMV, what should JDI do? Show the decision tree. Using decision trees analysis and EMV
The ability to think strategically is a critical element for any organization to compete successfully and build the necessary competitive advantage needed for sustained superior performance. Managers and business leaders will be asked to make critica..
Analyze Herbert Parker's competing theories of the criminal justice system, Crime Control Model vs. the Due Process Model. So with that in mind, I'd like you to peal back the layers and analyze these models a little bit deeper. Conceptually we unders..
Creating shared meaning with the receiver of a message is what organizational communication is all about. Choose and respond to ONE of the following statements below. Explain whether you agree or disagree. Describe how a different perspective from so..
Hayes Electronics stocks and sells a particular brand of personal computer. It costs the firm $450 each time it places an order with the manufacturer for the personal computers. The cost of carry-ing one PC in inventory for a year is $170. The optim..
Introducing New Management Information Systems
When creating activities on node, and after finding the critical path for a project, if you need to crash a project, can you only choose time reductions from the critical path/paths?
A manager of Paris manufacturing which produces computer hard drives, is planning to lease a new automated inspection system. The manager believes the new system will be more accurate than the current manual inspection process. Suppose annual demand ..
Sonny's brother Marcus has suggested that they locate the warehouse at a central location. Calculate the coordinates of the best location, considering the volumes of demand at each supermarket.
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