What advice would you give the station manager

Assignment Help Operation Management
Reference no: EM13919407

The program manager for Channel 10 would like to determine the best way to allocate the time for the 11:00-11:30 evening news broadcast. Specifically, she would like to determine the number of minutes of broadcast time to devote to local news, national news, weather, and sports. Over the 30-minute broadcast, 10 minutes are set aside for advertising. The station's broadcast policy states that at least 15% of the time available should be devoted to local news coverage; the time devoted to local news or national news must be at least 50% of the total broadcast time; the time devoted to the weather segment must be less than or equal to the time devoted to the sports segment; the time devoted to the sports segment should be no longer than the total time spent on the local and national news; and at least 20% of the time should be devoted to the weather segment. The production costs per minute are $300 for local news, $200 for national news, $100 for weather, and $100 for sports.

a. Formulate and solve a linear program that can determine how the 20 available minutes should be used to minimize the total cost of producing the program.

b. Interpret the dual value for the constraint corresponding to the available time. What advice would you give the station manager given this dual value?

c. Interpret the dual value for the constraint corresponding to the requirement that at least 15% of the available time should be devoted to local coverage. What advice would you give the station manager given this dual value?

d. Interpret the dual value for the constraint corresponding to the requirement that the time devoted to the local and the national news must be at least 50% of the total broad- cast time. What advice would you give the station manager given this dual value?

e. Interpret the dual value for the constraint corresponding to the requirement that the time devoted to the weather segment must be less than or equal to the time devoted to the sports segment. What advice would you give the station manager given this dual value?

Reference no: EM13919407

Questions Cloud

An industry with many competitors : Complete a perceptual map that includes a minimum of 10 competitors from that same industry. Explain why you placed each competitor on its particular spot on the map.
Calculate the future value of this ordinary annuity : James Smith has a 10-year ordinary annuity that pays $1,500 every 6 months and has an annual percentage rate (APR) of 7.5%. Calculate the future value of this ordinary annuity. Assuming this was an annuity due, calculate the future value of this annu..
Illustrates a focus on capturing share of customer : Question 1: Which campaign example BEST illustrates a focus on capturing "share of customer"?
How this simple phrase illustrates the time value notion : “Time is money.” We have all heard this cliché at some point. Now that you have studied the time value of money concept, explain (3–5 paragraphs) how this simple phrase illustrates the time value notion.
What advice would you give the station manager : Interpret the dual value for the constraint corresponding to the requirement that at least 15% of the available time should be devoted to local coverage. What advice would you give the station manager given this dual value?
Expected net cash inflows and net present value : Project A costs $67,775, its expected net cash inflows are $10,000 per year for 10 years, and its WACC is 8%. What is the project's Net Present Value?
How would the minimum yearly cash inflow change : Breakeven cash inflows The One Ring Company, a leading producer of fine cast silver jewelry, is considering the purchase of new casting equipment that will allow it to expand its product line. The up-front cost of the equipment is $750,000. How would..
Merger bid-merger valuation with change in capital structure : Hastings estimates that if it acquires Vandell, interest payments will be $1,500,000 per year for 3 years after which the current target capital structure of 30% debt will be maintained. What is the unlevered value of Vandell? Vandell's beta is 1.10...
What is the probability that the sample mean scores : A typical adult has an average IQ score of 105 with a standard deviation of 20. If 20 randomly selected adults are given an IQ test, what is the probability that the sample mean scores will be between 85 and 125 points?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd