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1. An FBO (a "fixed-base-operator", usually the manager of a small-town airport) makes his revenue in three ways: flight instruction, charter flights, and aircraft maintenance. These activities earn revenues of $25/hour, $40/hour, and $35/hour respectively. The FBO has enough work to guarantee at least 40 hours of work per week. He also, for reasons of sanity and family, refuses to work more than 60 hours per week. He has at least ten hours of each activity to do each week, but refuses to more than twenty hours of any one of these activities to keep himself from getting bored with any one activity. How should he schedule his time to optimize his revenue?
2. A feed company produces a livestock mix from four possible ingredients: corn, peanuts, oats, and a vitamin supplement. The company produces the feed mix in 2,000 pound batches. Corn costs $0.10/lb, peanuts $0.05/lb, oats $0.15/lb, and the vitamin supplement $0.20/lb. Customers require the following criteria to be met:
What is the best batch mix that optimizes total cost?
Critically analyse the role of different stakeholders in tourism planning and policy
A consumer organization wants to develop a regression model to predict gasoline mileage (MPG) based on the horsepower of the car's engine and the weight of the car.
Determine the probability distribution for demand using the given data.
If you were a small business owner, Explain how would you find out which option is most appropriate for your needs? Which of the SBA Loans appears to be most beneficial to a small business? Explain why?
Analyze an existing company for Operation strategy and one under Supply Chain Strategy
Determine the appropriate hypothesis tests to be used in four research projects described below. In selecting the appropriate test
. Feedco can purchase up to 1,000 lb of wheat at 50/lb and up to 800 lb of alfalfa at 40/lb. Demand for each type of feed is unlimited. Formulate an LP to maximize Feedcos profit.
How does the cultural typology of nursing programs correlate with perception of caring of administrators by nursing faculty?
What is the likelihood that each alternative will produce a profit of at least $ 300 - Which size of equipment would you recommend on the basis of the three coefficients of variation that you calculated?
If no values are outside of the control limits, what are the implications for the business and what would you recommend they do?
Use Minitab to carry out the test. State the test statistic and corresponding p-value for these hypotheses and explain whether you have evidence for or against the null hypothesis.
Explain how would you have gone about hiring a European sales manager? Explain why? Illustrate what would you do now if you were Mr. Fisher?
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