Questions from General Business Management

Q: MSA Computer Corporation manufactures two models of smartphones, the Alpha 4

MSA Computer Corporation manufactures two models of smartphones, the Alpha 4 and the Beta 5. The firm employs five technicians, working 160 hours each per month, on its assembly line. Management insis...

Q: A winner of the Texas Lotto has decided to invest $50

A winner of the Texas Lotto has decided to invest $50,000 per year in the stock market. Under consideration are stocks for a petrochemical firm and a public utility. Although a long-range goal is to g...

Q: Referring to the Texas Lotto situation in Problem 7-20,

Referring to the Texas Lotto situation in Problem 7-20, suppose the investor has changed his attitude about the investment and wishes to give greater emphasis to the risk of the investment. Now the in...

Q: Consider this LP formulation: Minimize cost = $X

Consider this LP formulation: Minimize cost = $X + 2Y subject to X + 3Y ≥ 90 8 X + 2Y ≥ 160 3 X + 2Y ≥ 120 Y ≤ 70 X, Y ≥ 0 Graphically illustrate the feasible region, and apply the isocost lin...

Q: The stock brokerage firm of Blank, Leibowitz, and Weinberger has

The stock brokerage firm of Blank, Leibowitz, and Weinberger has analyzed and recommended two stocks to an investors’ club of college professors. The professors were interested in fa...

Q: Woofer Pet Foods produces a low-calorie dog food for overweight

Woofer Pet Foods produces a low-calorie dog food for overweight dogs. This product is made from beef products and grain. Each pound of beef costs $0.90, and each pound of grain costs $0.60. A pound of...

Q: The seasonal yield of olives in a Piraeus, Greece, vineyard

The seasonal yield of olives in a Piraeus, Greece, vineyard is greatly influenced by a process of branch pruning. If olive trees are pruned every two weeks, output is increased. The pruning process, h...

Q: Consider the following four LP formulations. Using a graphical approach,

Consider the following four LP formulations. Using a graphical approach, determine (a) which formulation has more than one optimal solution. (b) which formulation is unbounded. (c) which formulation...

Q: Give an example of a good decision that you made that resulted

Give an example of a good decision that you made that resulted in a bad outcome. Also give an example of a bad decision that you made that had a good outcome. Why was each decision good or bad?

Q: Graph the following LP problem and indicate the optimal solution point:

Graph the following LP problem and indicate the optimal solution point: Maximize profit = $3X + $2Y subject to 2X + Y ≤ 150 2X + 3Y ≤ 300 (a) Does the optimal solution change if the profit p...