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Bearkats Inc. manufactures two home appliances: a microwave and a coffee maker. The assembly process for each is similar in that both require a certain amount of wiring and drilling. Each microwave takes 3 hours of wiring and 2 hours of drilling. Each coffee maker goes through 2 hours of wiring and 1 hour of drilling. During the next production period, 240 hours of wiring time and 140 hours of drilling time are available. Each microwave sold has a profit of $25 and each coffee maker sold has a profit of S15. a) Formulate this problem as a linear program to determine the best combination of the 2 product that yields the highest profit. Include the objective, decision variables, and constraints. b) Solve the problem presented in part (a) using Microsoft Excel solver. Remember to upload your Excel file and label the objective function, constraints and decision variable cells clearly in your file.
Suppose that the interest rate on a taxable corporate bond is 9% and that the marginal tax is 25%. Suppose a tax-free municipal bond with a rate of 6.45% were available. What is the tax-free equivalent municipal interest rate to this corporate bond? ..
Abilene Auto Parts, retailer of general maintenance and after-market automotive products, determine the economic order quantity
What was the source or underlying cause of the unethical behavior? What was the hoped for outcome if there was one? Was an individual or a group involved? Did the accused seem sorry for what they did or defensive? Discuss what you would do as a manag..
Describe the role of judgement in ARIMA modeling which is the most complex class of forecasting methods. Structure your comments around the Box Jenkins approach. What steps in the Box Jenkins approach require judgement? Be specific.
Many projects today operate within some sort of a matrix organization. Discuss the differences between a strong and a weak matrix organization.
Do you believe animals have rights and do you believe people have an obligation to protect those rights? If you believe animals have rights, what are these rights? If you do not believe animals have rights, are there reasons people should protect the..
Discuss the statement explaining the essential elements of a valid contract.
Construct the rate diagram for this queuing system. Develop the balance equations.
Sharing a conversation in regard to goal setting can be a great positive reinforcement tool, good ideas! By engaging in this activity alongside your employee, you build trust, confidence and likely appreciation as well. When planning for a conversati..
What is the best definition that you have found on strategy? How do you use strategy in your daily life?
If the annual demand for a product is 350,000 units, then the annual carrying cost rate is 25 percent of the cost of the unit, the product costs $14.75 per unit to purchase, and each time the product is ordered the related ordering cost is $53.00. Ho..
All companies must adapt to the marketplace. Some companies re-invent themselves several times along their Industry Life-Cycle. Industry names this innovation. New products, new markets, re-vamping existing products. All of these pieces contribute to..
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