Questions from Management Science

Q: Change the exchange rate model slightly so that the company is now

Change the exchange rate model slightly so that the company is now a UK manufacturing company producing for a U.S. market. Assume that the unit cost is now £75, the demand function has the same parame...

Q: Each morning during rush hour, 10,000 people want to

Each morning during rush hour, 10,000 people want to travel from New Jersey to New York City. If a person takes the commuter train, the trip lasts 40 minutes. If x thousand people per morning drive to...

Q: Based on Grossman and Hart (1983). A salesperson for Fuller

Based on Grossman and Hart (1983). A salesperson for Fuller Brush has three options: (1) quit, (2) put forth a low level of effort, or (3) put forth a high level of effort. Suppose for simplicity that...

Q: In a typical product mix model, where a company must decide

In a typical product mix model, where a company must decide how much of each product to produce to maximize profit, discuss possible situations where there might not be any feasible solutions. Could t...

Q: Kellpost Cereal Company sells four products: (1) Special L

Kellpost Cereal Company sells four products: (1) Special L (a low-calorie, high-nutrition cereal); (2) Corn Bran (another low-calorie, high-nutrition cereal); (3) Admiral Smacks (a sugary cereal pitch...

Q: Find the minimum perimeter rectangle having area 64 square feet. Can

Find the minimum perimeter rectangle having area 64 square feet. Can you generalize this result?

Q: You are given that the two non-hypotenuse sides of a

You are given that the two non-hypotenuse sides of a right triangle add up to 10 inches. What is the maximum area of the triangle? Can you generalize this result?

Q: A cylindrical soda can has a volume of 20 cubic inches.

A cylindrical soda can has a volume of 20 cubic inches. What height and diameter minimize the surface area of the can? Can you generalize this result?

Q: City B is 10 miles downstream from city A. City A

City B is 10 miles downstream from city A. City A is 5 miles south of the river, and city B is 20 miles north of the river. The river is two miles wide. Where should a bridge be built across the river...

Q: You can swim two miles per hour and run six miles per

You can swim two miles per hour and run six miles per hour. You are walking north along South Beach and see someone drowning half a mile out in the ocean and one mile north of you. What combination of...