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A real estate company is considering several different hotel projects. They need to build at least 2 hotels, and there are 5 locations under consideration. The company must decide which locations to build hotels on and the number of rooms to build at each of the chosen locations. There are fixed costs associated with each of the locations that will only be incurred if a hotel is built on the location. Also associated with each of the locations is the expected annual profit per room. Finally, there is a room limit for each location that cannot be exceeded. Formulate a mathematical program that can be used to determine the number of rooms to build at each of the locations so that difference between the annual profit and the fixed costs is maximized. Location Fixed Cost Annual Profit/Room Max # Rooms 1 $8000 $500 100 2 $3000 $100 300 3 $6500 $350 150 4 $4000 $300 200 5 $7000 $550 50
Robert Utes needs to decide where to get a haircut. He has narrowed the choice down to two local hair salons – Large Hair Salon (LHS) and Small Hair Cutters (SHC). If Robert walks into LHS during a busy period, how long must he wait in line (in minut..
Laura Middleton, the scheduler at a small Grand Rapids, Michigan plant, has six jobs which can be processed on any of six machines, with respective times as shown (in hrs) in the table. Describe the allocation of jobs to machines which will result ..
Custom Computers, Inc. assembles custom home computer systems. The heat sinks needed are bought for $12 each and are ordered in quantities of 1,300 units. Annual demand is 5,100 heat sinks, the annual inventory holding cost rate is $4 per unit, and t..
Describe how you would manage change using Leavitt's Diamond. Describe the various stages of the Change curve and the actions that you should take at each stage to mitigate negative and/ or positive responses.
Your writing Assignment in this unit is a memo addressed to your professor requesting permission to move forward with your researched proposal topic idea. Use this Discussion forum to practice presenting your idea by writing a paragraph of 200-300..
One can trade-off time and cost when managing a project, but the project’s technical specifications must be maintained exactly as the client initially specifies. Nonnumeric project selection methods are only suitable if numeric methods are NOT availa..
Why might the choice of equipment that provides flexibility sometimes be viewed as a management cop out?
Describe the advantages and disadvantages of Portfolio Analysis, as it pertains to the BCG Growth-Share Matrix. Explain how Corporate Parenting can contribute to an effective corporate strategy. Discuss how it can relate to a SWOT analysis.
The JLM Ambulance Service serves five rural towns, Abbeville, Benton, Clayton, Dunning and Eden. JLM wants to construct a centralized facility and garage to minimize its total annual travel mileage to those towns
Discuss the company's corporate strategy and explain what business the organization is in or wants to be in. Describe your growth objectives for this organization.
Given Wilson Sporting Goods company's geographically diverse locations, various sport categories, and multiple products it is important for them to have employees who specialize. For example Billy is a baseball equipment sales agent and Jeannie is in..
Analyze and explain this idea: How does multitasking make it difficult to accurately resource-level a project?
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