Questions from Management Science

Q: Based on Glassey and Gupta (1978). A paper recycling plant

Based on Glassey and Gupta (1978). A paper recycling plant processes box board, tissue paper, newsprint, and book paper into pulp that can be used to produce three grades of recycled paper. The prices...

Q: Three bonds, as listed in the file, are currently for

Three bonds, as listed in the file, are currently for sale. Each bond has a face value of $100. Every six months, starting six months from the current date and ending at the expiration date, each bond...

Q: You have been assigned to develop a model that can be used

You have been assigned to develop a model that can be used to schedule employees at a local fast food restaurant. Assume that computer technology has advanced to the point where very large problems ca...

Q: You have been assigned to develop a model that can be used

You have been assigned to develop a model that can be used to schedule the nurses working in a maternity ward. a. What data would you collect as inputs to your model? b. Describe in words several appr...

Q: In the profit model in this section, we used the power

In the profit model in this section, we used the power curve to relate demand and price because it has the lowest MAPE (as well as the lowest RMSE and MAE). However, the exponential curve was not far...

Q: Keefer Paper produces recycled paper from paper purchased from local offices and

Keefer Paper produces recycled paper from paper purchased from local offices and universities. The company sells three grades of paper: high brightness paper, medium-brightness paper, and low-brightne...

Q: In this chapter, we give you the cost of producing a

In this chapter, we give you the cost of producing a product and other inputs that are used in the analysis. Do you think most companies find it easy to determine the cost of producing a product? What...

Q: Discuss how the aggregate planning model could be extended to handle a

Discuss how the aggregate planning model could be extended to handle a company that produces several products on several types of machines. What information would you need to model this type of proble...

Q: A large CPA firm currently has 100 junior staff members and 20

A large CPA firm currently has 100 junior staff members and 20 partners. In the long run—say, 20 years from now—the firm would like to consist of 130 junior staff members and 20 partners. During a giv...

Q: The employee scheduling model in this chapter was purposely made small (

The employee scheduling model in this chapter was purposely made small (only seven decision variable cells). What would make a similar problem for a company like McDonald’s much more difficult? What t...