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frozen [14]
2 years ago
5

Northwoods Backpackers is a retail catalog store in Vermont that specializes in outdoor clothing and camping equipment. Phone or

ders are taken each day by a large pool of computer operators, some of whom are permanent and some temporary. A permanent operator can process an average of 76 orders per day, whereas a temporary operator can process an average of 53 orders per day. The company averages at least 600 orders per day. The store has 10 computer workstations. A permanent operator processes about 1.3 orders with errors each day, whereas a temporary operator averages 4.1 orders with errors daily. The store wants to limit errors to 24 per day. A permanent operator is paid $81 per day, including benefits, and a temporary operator is paid $50 per day. The company wants to know the number of permanent and temporary operators to hire to minimize costs.
Formulate an integer programming model for this problem and solve it by using the computer.

Business
1 answer:
Leokris [45]2 years ago
6 0

Answer:

The minimum cost ( Z ) will be = $636 per day

number of permanent operators = 6

number of temporary operators = 3

Explanation:

considering the information given: the company has ten (10) workstations and also uses both permanent and temporary operators below is the detailed job that can be achieved with this resources

Orders per day

permanent operator ; 76

temporary operator ; 53

company average : (minimum ) 600

Errors per day

permanent operator ; 1.3

temporary operator ; 4.1

average allowable error : maximum ( 24 )

pay per day ; permanent ( $81 ), temporary ( $50 )

creating an integer program model for this problem of finding the number of permanent and temporary operators to hire to minimize costs

Assume number of permanent operators to be X1  and temporary operators to be X2

cost of operators per day would be ( Z ) = 81 X1 + 50 X2  ( first constraint )

workstations to be used by operators = X1 + X2 ≤ 10 (second constraint )

Total number of processed order by operators = 76 X1 + 53 X2 ≥ 600 (third)

allowable errors by the company = 1.3 X1 + 4.1 X2 ≤ 24 ( fourth constraint )

The number of operators must be an Integer = X1 , X2 ≥ 0 ( fifth constraint )

create an excel linear program using both the details given and also the applying the constraints created.

The minimum cost ( Z ) will be = $636 per day

number of permanent operators = 6

number of temporary operators = 3

attached is a snapshot of the final excel linear program

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Journalize the following transactions of Trapper Jon’s Productions. Assume 360 days in a year. If an amount box does not require
amid [387]

Answer:

June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.

  • Dr Notes receivable 48,000
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Sept. 21 The note is dishonored by Radon Express Co.

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  •     Cr Interest revenue 960

When a customer defaults on a note, the company is allowed to convert the note back to accounts receivable and charge any accrued interests. Depending on the client, the company can give them more time (by switching back the note into accounts receivable) or the company can write off the note and try to sell it to a collection company.

Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.

  • Dr Cash 49,368
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7 0
1 year ago
Suppose a firm is producing in the long run. When it produces 4,000 units of output, its total cost is $8,000. When it produces
Scilla [17]

Answer:

increasing then decreasing

Explanation:

production level            total cost             average total cost

4,000                               $8,000                    $2.00

4,200                               $8,200                     $1.95

4,400                               $8,800                    $2.00

Returns to scale measure the change in productivity, or how much input is needed to produce a unit of output.

  • increasing returns to scale: output increases in a greater proportion than inputs
  • constant returns to scale: output increases in the same proportion as inputs
  • decreasing returns to scale: output increases in a lower proportion than inputs

Since first the average total cost decreased, total output increased in a greater proportion than inputs ⇒ increasing returns of scale. But then the situation reversed and total output increased in a lower proportion than inputs ⇒ decreasing returns of scale.

4 0
2 years ago
Lionel's Lawn Care is a company that maintains residential yards. Lionel's cost for his standard package of mowing, edging, and
Rudiy27

Answer:

Option "B" is the correct answer to the following statement.

$15

Explanation:

Marginal revenue is the extra revenue produced from increasing sales of a single unit of the commodity. Marginal benefit is the income received by a business or entity when the creation and distribution of one extra or marginal product.

Marginal Benefit = New revenue - Old revenue

                            = ($40) - ($25)

                            =$15

So,the Marginal Benefit for Lionel's Lawn Care is $15 .

5 0
2 years ago
A corporation has 10,000 bonds outstanding with a 6% annual coupon rate, 8 years to maturity, a $1,000 face value, and a $1,100
stiv31 [10]

Answer:

Year   Cashflow    [email protected]%      PV           [email protected]%     PV

               $                                 $                                  $

  0        (1,100)           1           (1,100)           1             (1,100)

1-8        47.4             5.3349  252.87      7.0197      332.73

 8       1,000             0.4665    465.5      0.7894       789.4

                                  NPV      (381.63)              NPV 22.13                    

Kd = LR     + NPV1/NPV1+NPV2    x (HR – LR)

Kd = 3       + 22.13/22.13 + 381.63   x (10 – 3)

Kd =  3       + 22.13/403.76 x 7

Kd = 3        + 0.38

Kd = 3.38%  

Explanation:

Cost of debt is calculated based on internal rate of return formula. In year 0, we will consider the current market price of the bond as cashflow. In year 1 to 8, we will consider the after-tax coupon as the cashflow. The after-tax coupon is calculated as R(1 - T).  R is 6% x $1,000 = $60 and tax is 21%. Thus, we have $60(1  - 0.21) = $47.4. then we will discount the cashflows for  8 years so as to obtain the internal rate of return. The internal rate of return represents cost of debt.

3 0
2 years ago
Arrange the types of investments in the correct order from the least risky to the most risky investment. (speculative stocks, re
jolli1 [7]

I believe the answer is:


1/Retirement plans

Especially the one that arranged by the government since it guaranteed by Federal banks

2/Property

The value would almost always increasing over time


3/A-rated bonds

A- rated bonds is score that given to the bond that have strong chance of return by credit rating company

4/Speculative stocks

If speculative stocks is scored by rating company, it would become B-rated or lower.

8 0
2 years ago
Read 2 more answers
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