Reduces costs and their feasibility ranges are rooted in making changes in the right hand side of the constraint. Your answer: True False
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- Global Logistics needs to rent space for storing product for the next three years. The following information regarding the demand and spot price is available. Current demand for the product is 150,000. Historically, Global Logistics has required 1500 square feet to store 1500 units of the product. Demand for the product can go up by 20% with a probability of 0.7 or down by 20% with a probability of 0.3. Global Logistics can sign a three-year fixed lease to rent 150,000 square feet of space at $1.00 per square foot per year. The firm may also choose to obtain warehousing space on the spot market. The current spot market price is $1.20 per square foot per year. The spot price can go up by 10% with a probability of 0.8 and can decrease by 10% with a probability of 0.2. The firm receives a revenue of $1.22 for each unit of demand. a) Create a decision tree showing period 0, 1 and 2 for the scenario described above. b) Calculate the NPV for the option when the firm decides to sign a…3. A flight has 100 seats and a passenger fare of $130. The denied-boarding cost is $390 per denied boarding, and the no-show rate is 0.16. Demand for this flight is extremely high; in fact, for any booking limit b<200, bookings will always hit the booking limit. What is the optimal total booking limit in this case? What is the corresponding expected net revenue? How much does the airline gain from overbooking in this case?Palmer Jam Company is a small manufacturer of several different jam products. One product is an organic jam that has no preservatives, sold to retail outlets. Susan Palmer must decide how many cases of jam to manufacture each month. The probability that demand will be 7 cases is 0.05, for 8 cases it is 0.20, for 9 cases it is 0.45, and for 10 cases it is 0.30. The cost of every case is $45, and the price Susan gets for each case is $85. Unfortunately, any cases not sold by the end of the month are of no value as a result of spoilage. Based on the given information, Susan's conditional profits table for jam is: Demand 9 cases p =0.45 7 cases 8 cases 10 cases Produce p=0.05 p= 0.20 p=0.30 cases 8 cases 9 cases 10 cases The number of cases that Susan should produce to achieve maximum expected value (EMV) is V cases. The EMV of stocking this number of cases is $ (round your answer to the nearest whole number). OO D O
- As part of its initiative to implement just-in-time (JIT) manufacturing at the motorcycle assembly plant in Exercise 1, Harley has reduced the number of engines loaded on each truck to 100. If each truck trip still costs $1,000, how does this decision impact annual inventory costs at Harley? What should the cost of each truck be if a load of 100 engines is to be optimal for Harley? Exercise 1 - Harley-Davidson has its engine assembly plant in Milwaukee and its motorcycle assembly plant in Pennsylvania. Engines are transported between the two plants using trucks, with each trip costing $1,000. The motorcycle plant assembles and sells 3000 motorcycles a year. Each engine costs $500. Harley incurs a holding cost of 20 percent per year. How many engines should Harley load onto each truck? What is the cycle inventory of engines at Harley?(Please show all steps in EXCEL)A massive network of seawalls is possibly going to be constructed right in the middle of Miami Beach's South Beach, which has beachfront property owners in the area concerned about the seawalls' effects on their property values. To monetize the effects of the seawalls on property values, one could use the nonmarket valuation technique. а. travel cost b. averting behavior С. hedonic d. contingent valuationPalmer Jam Company is a small manufacturer of several different jam products. One product is an organic jam that has no preservatives, sold to retail outlets. Susan Palmer must decide how many cases of jam to manufacture each month. The probability that demand will be 7 cases is 0.10, for 8 cases it is 0.25, for 9 cases it is 0.45, and for 10 cases it is 0.20. The cost of every case is $50, and the price Susan gets for each case is $90. Unfortunately, any cases not sold by the end of the month are of no value as a result of spoilage. Based on the given information, Susan's conditional profits table for jam is: Demand 7 cases 8 cases 9 cases 10 cases Produce p=0.10 p=0.25 p=0.45 p=0.20 7 cases enter your response here enter your response here enter your response here enter your response here 8 cases enter your response here enter your response here enter your response here enter your response here…
- Jasmine owns 12 apartment buildings in a college town, which it rents exclusively to students. Each apartment building contains 120 rental units, but the owner is having cash flow problems due to an average vacancy rate of nearly 50 percent. The apartments in each building have comparable floor plans, but some buildings are closer to campus than others. Jasmine’s accumulated data from last year on the number of apartments rented, the rental price (in dollars), and the amount spent on advertising (in hundreds of dollars) at each of the 12 apartments are available below. These data, along with the distance (in miles) from each apartment building to campus, are presented below. Jasmine is looking for expert advice on the available data to inform administrative and business policy. By applying this scenario, help her regress the quantity demanded of her apartments on price, advertising, and distance datasets by using Excel or SPSS. Observation or (Number of Apartments) Quantity…Please calculate the price elasticity of demand for this pair of headphones under the following conditions (please include each step for the calculation): When the price of this pair of headphones is $150, it can sell 500 pairs. When the price drops to $100, it can sell 1,000 pair.Palmer Jam Company is a small manufacturer of several different jam products. One product is an organic jam that has no preservatives, sold to retail outlets. Susan Palmer must decide how many cases of jam to manufacture each month. The probability that demand will be 7 cases is 0.10, for 8 cases it is 0.25, for 9 cases it is 0.45, and for 10 cases it is 0.20. The cost of every case is $50, and the price Susan gets for each case is $90. Unfortunately, any cases not sold by the end of the month are of no value as a result of spoilage. Based on the given information, Susan's conditional profits table for jam is: Demand 7 cases 8 cases 9 cases 10 cases Produce p=0.10 p=0.25 p=0.45 p=0.20 7 cases enter your response here enter your response here enter your response here enter your response here 8 cases enter your response here enter your response here enter your response here enter your response here…
- Palmer Jam Company is a small manufacturer of several different jam products. One product is an organic jam that has no preservatives, sold to retail outlets. Susan Palmer must decide how many cases of jam to manufacture each month. The probability that demand will be 5 cases is 0.10, for 6 cases it is 0.30, for 7 cases it is 0.50, and for 8 cases it is 0.10. The cost of every case is $40, and the price Susan gets for each case is $85. Unfortunately, any cases not sold by the end of the month are of no value as a result of spoilage. Based on the given information, Susan's conditional profits table for jam is: Demand 5 cases 6 cases 7 cases 8 cases Produce p= 0.10 p = 0.30 p= 0.50 p = 0.10 5 cases 6 cases 7 cases 8 cases The number of cases that Susan should produce to achieve maximum expected value (EMV) is cases. The EMV of stocking this number of cases is $ (round your answer to the nearest whole number).Ray Holt seeks an investment for his new business. The investor will bear all the costs(fixed + variable) and wants a rate of return of at least Y%. For the business fixed cost is Fc, selling price of a unit is Sp, and Cost of production of a unit is Cp. How many units, x, should Ray Holt maketo meet the investor’s rate of return requirement? If the requested rate of return is 10%, fixed cost is $10,000, selling price is $5, and cost of production is $3, how many units should be made?Answer the following questions. Make sure to number your answers when you upload your response. Suppose Alphonso’s town raised the price of bus tickets to $2.50 per trip (while the price of burgers stayed at $3.50 and his budget remained $11.50 per week.) Draw Alphonso’s new budget constraint. What happens to the opportunity cost of bus tickets? Suppose Alphonso’s town raises the price of bus tickets from $2.50 to $5 and the price of burgers rises from $3.50 to $7. Why is the opportunity cost of bus tickets unchanged? Suppose Alphonso’s weekly spending money increases from $11.50 to $23. How is his budget constraint affected from all three changes? Explain. Use this information to answer the following 4 questions: Marie has a weekly budget of $24, which she likes to spend on magazines and pies. If the price of a magazine is $4 each, what is the maximum number of magazines she could buy in a week? If the price of a pie is $12, what is the maximum number of pies she could buy in a…