Questions from Management Science

Q: The sensitivity analysis in the Quality Sweaters example was on the response

The sensitivity analysis in the Quality Sweaters example was on the response rate. Suppose now that the response rate is known to be 8%, and the company wants to perform a sensitivity analysis on the...

Q: Suppose you have an extra six months of data on demands and

Suppose you have an extra six months of data on demands and prices, in addition to the data in the example. These extra data points are (350,84), (385,72), (410,67), (400,62), (330,92), and (480,53)....

Q: You are a CFA (chartered financial analyst). An overextended client

You are a CFA (chartered financial analyst). An overextended client has come to you because she needs help paying off her credit card bills. She owes the amounts on her credit cards listed in the file...

Q: Aluminaca produces 100-foot-long, 200-foot-

Aluminaca produces 100-foot-long, 200-foot-long, and 300-foot-long ingots for customers. This week’s demand for ingots is listed in the file. Aluminaca has four furnaces in which ingots can be produce...

Q: Each day, Eastinghouse produces capacitors during three shifts: 8 a

Each day, Eastinghouse produces capacitors during three shifts: 8 a.m. to 4 p.m., 4 p.m. to 12 a.m., and 12 a.m. to 8 a.m. The hourly salary paid to the employees on each shift, the price charged for...

Q: During the next three months, a heating and cooling company must

During the next three months, a heating and cooling company must meet (on time) the following demands for air conditioners: month 1, 600; month 2, 400; and month 3, 300. Air conditioners can be produc...

Q: Gotham City National Bank is open Monday through Friday from 9 a

Gotham City National Bank is open Monday through Friday from 9 a.m. to 5 p.m. From past experience, the bank knows that it needs the numbers of tellers listed in the file P04_104.xlsx. Gotham City Ban...

Q: Based on Rothstein (1973). The Springfield City Police Department employs

Based on Rothstein (1973). The Springfield City Police Department employs 30 police officers. Each officer works five days per week. The crime rate fluctuates with the day of the week, so the number o...

Q: Based on Charnes and Cooper (1955). Alex Cornby makes his

Based on Charnes and Cooper (1955). Alex Cornby makes his living buying and selling corn. On January 1, he has 6000 bushels of corn and $16,000 in cash. On the first day of each month, Alex can buy co...

Q: City 1 produces 500 tons of waste per day, and city

City 1 produces 500 tons of waste per day, and city 2 produces 400 tons of waste per day. Waste must be incinerated at incinerator 1 or 2, and each incinerator can process up to 500 tons of waste per...