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Three Ships Winery produces two different wine blends. A batch of the Dark Night blend uses 4 tons of malbec grapes and 2 tons of merlot grapes. A batch of the Morning Star blend uses 2 tons of malbec grapes and 4 tons of merlot grapes. The winery has a total of 18 tons of malbec grapes, and 18 tons of merlot grapes.The profit for a batch of Dark Night is $14,500 and the profit for a batch of Morning Star is slightly less at $12,250. How many batches of each type of wine should the winery produce this year to maximize its profit, assuming half batches are allowed? Formulate a linear programming model and solve it graphically. Display your graph and calculate the maximum profit. Create your graph using Microsoft Word or Excel and submit it to your instructor.
What are the major components of a strategic management process? In your view, which of these components is the most difficult for managers to perform?
Case Study Northcutt Bikes: The Service Department. Use the available data to develop inventory policies (order quantities and reorder points) for the FB378 and GS131. Assume that the holding cost is 20% of unit price
Many companies have engaged in sweatshop labor. Did the clothing company engage in unethical labor practices by utilizing sweatshop labor
In a waiting line situation, arrivals occur around the clock at a rate of six per day, and the service occurs at one every three hours. Assume the Poisson and exponential distributions. Find probability of no units in the system. Find average number ..
Assume that Raul Lopez is a soybean farmer in the Florida panhandle and that he operates under conditions of perfect competition. If Raul discovers a new irrigation technique that reduces his AVC and ATC, how will the price at which he sells his pro..
Behavioral heuristics, such as availability, anchoring, vividness, storage, conjunction fallacy, and representativeness, all reflect behavioral traits, which if left unchecked may lead to systematic bias in the choices you make. For example, ancho..
Do you believe OSHA is effective at ensuring safe and healthful working conditions for working men and women by setting and enforcing standards and by providing training, outreach, education and assistance? Explain your response by providing supporti..
Using current events, predict the overeall development of public administration in the next five (5) years. Provide a rationale for your response. Determine one (1) challenge and one (1) opportunity regarding the use of social media in public adminis..
Would you say that Carleo is primarily a Type A or a Type B personality? If—like most people—she exhibits behavior patterns typical of types, what are her most prominent Type A and Type B behavior patterns?
Yorktown Industrial Supply Company (YIS) manufactures and sells electrical components used primarily by recreational vehicle manufacturers. Typically Yorktown has multiyear supply agreements with its major customers. During year one of the contract b..
They tend to delegate responsibility to members of the in-group while with members of the out-group they lead by giving directives. Which theory of leadership will help you understand your observation.
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 26 units per day Average lead time = 52 days Item unit cost = $72 for orders of less than 420 units Item unit cost = $69 for order..
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