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The Skimmer Boat Company manufactures three kinds of molded fiberglass recreational boats- a bass fishing boat, a ski boat, and a speedboat. The profit for a bass boat is $20, 500. the profit for a ski boat is $12,000, and the profit for a speedboat is $22, 300. The company believes it will sell more bass boats than the other two boats combined but no more than twice as many. The ski boat is its standard production model, and bass boats and speedboats are modifications. The company has production capacity to manufacture 210 standard (ski-type) boats; however, a bass boat requires 1.3 times the standard production capacity, and a speedboat requires 1.5 times the normal production capacity. In addition, a bass boat uses one high-powered engine and a speedboat uses two. and only 160 high-powered engines are available. The company wants to know how many boats of each type to produce to maximize profit. Formulate and solve an integer programming model for this problem.
Hard Wood Coals Jim Jam had been a career policeman for the past 25 years having joined the Police Force immediately upon leaving High School. Last March decided that it was time for him to retire and put in his claim for his pension and gratuity. Wh..
How might a universal health insurance program change the current trends in the health care industry?
Suppose a production manager is responsible for scheduling the monthly production levels of a certain product for a planning horizon of twelve months. Units scheduled for production in month j are immediately available for delivery at the beginning o..
An activist judge is one who believes that concepts such as due process and liberty are always evolving. Activists believe that the founding fathers of our country did not mean for the rights referenced in the Constitution to remain static. Discuss s..
Case Study on Balancing Priorities at Clif Bar, Without knowing Gary Erickson's age, where would you guess he falls in the four generations of workers as delineated by Zemke
Benny's Arcade has six video game machines. The aver-age time between machine failures is 50 hours. Jimmy, the maintenance engineer, can repair a machine in 15 hours on average. What is the average number of machines out of service that is, waiting t..
Badger and Fox are forming a partnership. Badger invests a building that has a market value of $352,000; the partnership assumes responsibility for a $126,000 note secured by a mortgage on the property. Fox invests $101,000 in cash and equipment that..
Although a balanced score card is probably the way to go, most companies don't seem to have a clue about the more fundamental aspects of quality, such as the cost of quality. So let's start here. Just what do we mean when we talk about the cost of qu..
Siebling Manufacturing Company's common stock has a beta of .8. If the expected risk-free return is 2% and the market offers a premium of 8% over the risk-free rate, what is the expected return on Siebling's common stock?
Imagine that you are talking with a business colleague. Knowing that you have been studying BI and specifically data warehousing, your colleague describes his current project, which is a data mart dealing with sales planning. Your colleague asks for ..
A survey to determine brand preference involving two brands. X and Y use 5 samples of 51 persons each. If a majority fo the samples (3 or more) chooses one brand, that brand is determined the winner. Can we determine which of the two brands the winne..
Key late 20th century African-American artists included Bearden, Lawrence, Basquiat, or Colescott. Pick (2) to compare and contrast; including specific elements of the works from the chosen artists that represent the multiplicity of the African-Ameri..
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