Linear Programming - Transport Problem

Linear Programming problem. There are 2 sections and 3 parts to each sections. Basically to formulate appropriate mathematical model to obtain optimum costs.

Quantitative Analysis in Business Decisions

Mr. Davison has been operating a small bicycle shop at the same location near Aspen, Colorado for 50 years. What type of decisions must he make in operating his business? On what basis would he likely be making these decisions? How do you think Mr. Davison would respond to a suggestion that he hire a quantitative analyst to assist him in his decision-making?

Need to decide where to locate call centers and determine the routing of calls to achieve the lowest total cost

You need to decide where to locate call centers and determine the routing of calls to achieve the lowest total cost. You are considering seven cities in which to locate call centers. You know the average cost incurred if a call is made from any of these cities to any region of the country. (See first table below) You also know the hourly wage that you must pay workers in each city and the annual cost for the physical facilities (second and third tables below.) Each call center can only handle 5000 calls per day. Assume there are 250 days per year and that each call averages 4 minutes. The average number of calls made per day to each region is given in the last table. Labor and calling costs ... click for more

Operations - Economic Order Quantity, Base Stock Model, Recommended Order Qty

1. Suppose that the R&B Beverage Company has a soft drink product that has a constant annual demand rate of 3600 cases. A case of the soft drink costs R&B $3. Ordering costs are $20 per order and holding costs are 25% of the value of the inventory per year. R&B has 250 working days per year and the lead time is 5 days. Identify the following aspects of the inventory policy. (a) Economic order quantity EOQ = ___________________________ (b) Reorder point Reorder Point = ___________________________ (c) Total annual cost (You don’t need to include the annual purchase cost) Total Annual Cost = ______________________________ See attached file for full problem description.

Effective Capacity

1. In a job shop effective capacity is only 50% of design capacity and actual output is only 90% of effective output. What design capacity would be needed to achieve actual output of 8 jobs per week. 2. The below diagram shows a process that consists of eight separate operations with sequential relationships and capacities (units per hour) 15/hr 10/hr 20/hr 1>>>>>>>> 2>>>>>>>>>> 3→→→→→ v 34/hr 30/hr 7>>>>>>>>>>>8 ^ ... click for more