Linear Programming (LP)
Linear programming is concerned with the optimization (minimization or maximization) of a linear function while satisfying a set of linear equalities and/or inequalities (collectively known as constraints). Linear programming in operations research can be applied to a variety of problems.
Resource allocation: The most typical problems in business are resource allocation problems. For example, a common type of resource allocation problem is the problem of product mix, which looks at the optimal mix of products that will maximize profit subject to resource constraints such as limited machine time or a limited quantity of a necessary input. A solution to this problem will also provide other valuable information that may allow the student to identify bottlenecks, find the range over which the unit profit can change without affecting the product mix, identify the marginal benefit of adding additional units of the limited resource, and find the range of quantity over which the availability of the resource can change without affecting the identity of the bottleneck in the system.
Blending: Blending problems are problems that involve finding the optimal blend or mix of ingredients in order to minimize costs and satisfy some additional requirement. For example, crude oil blending allows refineries to mix different crude oil products to achieve some optimal and consistent product. Similarly, ingredients in animal feed stock may be combined in different amounts to achieve some optimal blend that meets minimum nutritional requirements.
Queuing: Queuing models look at resource decisions such as determining optimal inventory levels to minimize costs in the face of fixed ordering costs (such as delivery costs), carrying costs for units on hand, seasonal price fluctuations, and fluctuations in demand (and costs associated with stock outs).
Scheduling: Scheduling problems include problems such as personnel staffing, project tasks, and determining the optimal coverage of sporting events.
Network flow and network optimization: Network flow problems are a special case in linear programming that look at things like transportation or routing problems, critical path analysis (project management), the assignment problem, and other flow problems.
Facility location: Facility location problems look to minimize things like transportation costs, or address other criteria such as taking advantage of price-differentials in the case of low-cost labour in other jurisdictions. Facility location problems also include problems such as floor planning.
Investment decisions: Linear programming can also be used to solve investment problems such as designing the optimal portfolio to minimize, or hedge, risk.
Nonlinear Programming
Nonlinear programming problems are similar to linear programming problems in that they involve the optimization of an objective function while satisfying a set of equalities and/or inequalities. However, unlike linear programs, nonlinear programs exist where the objective function or some of the constraints are nonlinear. For example, linear problems may become nonlinear problems if one of the cost functions exhibits economies of scale.
Integer Programming
Integer programming refers to linear or nonlinear optimization problems where some of the variables are required to take on discrete values. They can be modeled with binomial variables that take on values of either zero or one. Many business decision problems require integer programming because their variable units must be whole numbers. For example, it would not make sense for a optimal solution to require a company to build half a factory in one location, to produce only one-third of a widget, to keep 20 and 1/8 units of inventory on hand, to hire less than one person, or to route half a bus one way and the other half another. Thus program designers are faced with a finite set of alternatives and face discrete decision problems.
Dynamic Programming
Dynamic programming involves problems that require a sequence of decisions over time, where one decision must follow logically from the preceding outcome. Many investment decisions are modeled using dynamic programming, because sell, hold, or buy decisions can be programmed in the model based on fluctuations in the prices of securities.
Monte Carlo Simulation
Monte Carlo methods involve repeated random sampling in order to obtain variables or outcomes. Therefore, by running the simulation again and again, a computer program can provide results in the form of statistical probabilities. The name derives from the fact that the simulation can be likened to gambling at a casino, recording your winnings, and determining from this information the probability of winning your next hand.
Optimal Order QuaaOptimal Order Quantity in Productionntity
Problem 1 Dulles Electric Company buys 1 million tons of coal annually to burn at its power plant. The company wants to invest in a unit train that will haul coal from the mine to the power house, where it is dumped in a large field. The shipping cost is expected to be $40 a ton. The cost of capital to Dulles is 10% per annum.
Internal Environment at General Mills and Swot Analysis
a) Assess what you believe to be the most important aspects of the internal environment at General Mills. Do not try to analyze every aspect of the internal organization — rather, identify a minimum of two internal strengths and/or weaknesses. Do your best not to repeat the observations made by your peers, although you are enco
Walmart’s inventory management
I need help finding a company or organization that has good inventory management procedures. Does this company use VMI? Could it use VMI? What does it use to ensure it has the right inventory at the right time and control the costs? What sources can I use to support this information?
Multifactor Productivity Ratio in the given scenario.
You have a company that makes 30000 light bulbs per day with the following resources: -Labor: 250 hours per day @15.00 per hour -Raw Material: 60,000 pounds of glass per day @ $0.50 per pound -Energy: $10,000 per day -Capital: $3500 per day a) What is the productivity per labor hour for light bulbs you make? b) What is
Definition of a Project and its Key Concepts.
Primary Discussion Response is due by Wednesday (11:59:59pm Central), Peer Responses are due by Sunday (11:59:59pm Central). (PM600 -1502B -03) Phase 1 Discussion Board Primary Task Response: Within the Discussion Board area, write 600-800 words that respond to the following scenario with your thoughts, ideas, and comments. Thi
Inventory Costs and Production Processes
Question 1: A fizzy drinks company makes five different flavours of drink on a single production line. The flavours are: Lemonade Cola Soda water Ginger Beer Dandelion & Burdock The production line operates 5 days a week for 50 weeks a year. There are two weeks maintenance, which can be fitted in at the end of a
Research study alternatives and their advantages
1.All of the following are part of an exploratory phase search strategy except _____. discovery and analysis of secondary sources expert interviews interviews with those involved with the problem brainstorming experiments 2.Which of the following statements is false with respect to the two-stage research approa
Executive Summary Example: Career Development Plan
This solution is to be used by students who are seeking an APA formatted Executive Summary example of how to establish a career plan with action steps. It gives the student a first person perspective on how to craft a response to the question of “what needs to be done to grow my career”.
UPS Procurement and Supply Chain
Need help in knowing the procurement or acquisition practices of UPS and the types of materials that the company uses. Analyze where those materials are sourced, how they are delivered, and what the overall supply chain operations of the company are. ( no page minimum or maximum) Need help in the areas of Procurement M
Strategic Business Plan for New Product
Hello, I need help selecting an industry and creating a fictitious business. Develop a 700-1,050 word outline in APA style for the business, including headings for a strategic business plan. Complete the organizational structure, vision, mission, and purpose section of the plan to outline the business’s basic information.
Vendor Managed Inventory and Bullwhip effect
I need help with the following questions for my 5 page paper: 1. Is Vendor Managed Inventory a valid method for reducing the Bullwhip effect (BWE)? 2. How does it compare to other inventory management methods for reducing the BWE? 3. What conclusions can be drawn from these comparisons? The articles I’ve read (see belo
Total annual manufacturing cost
Consider the following specific potential outsourcing situation: ABC has determined it can manufacture the new valve product internally for $27,000 in fixed costs (FC) and $8 variable costs (VC) per unit. The company president has estimated ABC will sell 4,800 (unit volume = UV) of these valves each year. Jay Production, a sm
Quality Control Parameters
Total Quality Management, And The Tools Of Quality 1. Another issue ABC is facing is reliability of their products, in part because they are manufacturing increasingly complex products. One such product is designed and manufactured with five different subassemblies combined in series. It was determined through testing that th
Importance of operations management
In a two paragraph can you explain how operations management improvements support an organization’s strategy with examples.
Interview review for themes
Mini-Project: Themes and the Write-Up To prepare for this Application: Review Chapter 9 in Qualitative Inquiry and Research Design: Choosing Among Five Approaches; the examples of themes in “Stretching” Exercises for Qualitative Researchers; and pages 502-525 in Qualitative Research and Evaluation Methods. Analyze your in
Calculating the BEP and contribution margin in the given case
1.ABC Manufacturing is unsure of the ideal price to quote for one of their products, a pump. ABC’s president has asked you to do a break even analysis for the pump, and to recommend the optimal price. The fixed costs (FC) associated with manufacturing this particular product are $100,000, and the variable costs (VC) are $50 per
Recommendations from research
Have you ever made any research recommendations to your management or supervisor? If so, what data and analysis were your recommendations based on? Did you use any tools or techniques for the collection and/or analysis of the data?
Sequencing Techniques
11. A small consulting group of a computer systems department has seven projects to complete. How should the projects be scheduled? The time in days and project deadlines are provided below. Determine the average processing time and average tardiness for each sequencing approach: First come, first served (FCFS), shortest pr
Proposal Process
Hello, I need help developing a response to the following: How difficult has it been to juggle writing a proposal during the final content courses? Is it difficult to move between the more structured environment of the content courses and the independent study of the dissertation process? Do you feel this is a satisfactory pr
2010 Toyota & Mattle 2007 and 2010 Recalls
ONE-two paragraph for each. In 2010, Toyota recalled over five million vehicles worldwide. Discuss the impacts on the supply chain as a result of this recall. How does this recall tie to the overall strategy of the company? Also, examine the effects of the recall on the quality image of Toyota. In 2007, Mattel recalled m
Hot Dog Mix Planning – Linear Programming
A meatpacking house is creating a new variety of hot dog for the low-calorie, low-fat, low-cholesterol market. This new hot dog will be made of beef and pork, plus either chicken, turkey, or both. It will be marketed as a 2-ounce all-meat hot dog, with no fillers. Also, it will have no more than 6 grams of fat, no more than 27 g
The Use of Biblical Management Principles
I need help writing a research paper on Biblical Management Principles. More specifically, getting a good background, thesis statement, problem statement and starting my literature review
Excel Solver: Toy Manufacturing Company
A toy manufacturing company currently maintains plants in Atlanta and Tulsa that supply to retail centers in Los Angeles and New York. Because of expanding demand, the company has decided to build a third plant and has narrowed the choice to one of two cities, Seattle or Baltimore. The distribution costs, as well as plant capaci
Operations Research and Profit Maximization
In a particular engineering project team, four design jobs can be performed by any of the five resident experts. The profit generated by each individual resident expert for each design job is presented in the following table: Resident Experts Jobs Tom Robert John Albert Chris 1 $ 10,000.00 $ 12,000.00 $ 16,000.00
Solving LP Problem By Graphical Method
The Sweet Smell Fertilizer Company markets bags of manure labeled “not less than 60 lb dry weight.” The packaged manure is a combination of compost and sewage wastes. To provide good-quality fertilizer, each bag should contain at least 30 lb of compost but no more than 40 lb of sewage. Each pound of compost costs Sweet Smell $0.
Calculations with Poisson and exponential distributions
Calls arrive at Lynn Ann fish’s hotel switchboard at a rate of 2 per minute. The average time to handle each is 20 seconds. There is only one switchboard operator at the current time. The Poisson and exponential distributions appear to be relevant in this situation. a) What us the probability that the operator is busy? b) W
Performance Parameters of a Waiting Line Model
Paul Fenster own and manages a chili-dog and soft-drink stand near the Kean U. campus. While Paul can service 30 customers per hour on the average (µ), he gets only 20 customers per (λ). Because Paul could wait on 50% more customers than actually visit his stand, it doesn’t make sense to him that he should have any waiting lin
Preparing BOM and Computing Gross and Net Requirements
14.8 As the production planner for Scott Sampson Products, Inc., you have been given a bill of material for a bracket that is made up of a base, two springs, and four clamps. The base is assembled from one clamp and two housings. Each clamp has one handle and one casting. Each housing has two bearings and one shaft. There is no
Choosing sample sizes for qualitative research
The impact of wage structure on employment productivity and efficiency in public sector in Nigeria Problem Statement The general problem of low wage structure in the public services in Nigeria makes the service unattractive to vibrant individuals who seek to pursue a career to take up employment in public services organisation
Linear Programming (LP)
Linear programming is concerned with the optimization (minimization or maximization) of a linear function while satisfying a set of linear equalities and/or inequalities (collectively known as constraints). Linear programming in operations research can be applied to a variety of problems.
Resource allocation: The most typical problems in business are resource allocation problems. For example, a common type of resource allocation problem is the problem of product mix, which looks at the optimal mix of products that will maximize profit subject to resource constraints such as limited machine time or a limited quantity of a necessary input. A solution to this problem will also provide other valuable information that may allow the student to identify bottlenecks, find the range over which the unit profit can change without affecting the product mix, identify the marginal benefit of adding additional units of the limited resource, and find the range of quantity over which the availability of the resource can change without affecting the identity of the bottleneck in the system.
Blending: Blending problems are problems that involve finding the optimal blend or mix of ingredients in order to minimize costs and satisfy some additional requirement. For example, crude oil blending allows refineries to mix different crude oil products to achieve some optimal and consistent product. Similarly, ingredients in animal feed stock may be combined in different amounts to achieve some optimal blend that meets minimum nutritional requirements.
Queuing: Queuing models look at resource decisions such as determining optimal inventory levels to minimize costs in the face of fixed ordering costs (such as delivery costs), carrying costs for units on hand, seasonal price fluctuations, and fluctuations in demand (and costs associated with stock outs).
Scheduling: Scheduling problems include problems such as personnel staffing, project tasks, and determining the optimal coverage of sporting events.
Network flow and network optimization: Network flow problems are a special case in linear programming that look at things like transportation or routing problems, critical path analysis (project management), the assignment problem, and other flow problems.
Facility location: Facility location problems look to minimize things like transportation costs, or address other criteria such as taking advantage of price-differentials in the case of low-cost labour in other jurisdictions. Facility location problems also include problems such as floor planning.
Investment decisions: Linear programming can also be used to solve investment problems such as designing the optimal portfolio to minimize, or hedge, risk.
Nonlinear Programming
Nonlinear programming problems are similar to linear programming problems in that they involve the optimization of an objective function while satisfying a set of equalities and/or inequalities. However, unlike linear programs, nonlinear programs exist where the objective function or some of the constraints are nonlinear. For example, linear problems may become nonlinear problems if one of the cost functions exhibits economies of scale.
Integer Programming
Integer programming refers to linear or nonlinear optimization problems where some of the variables are required to take on discrete values. They can be modeled with binomial variables that take on values of either zero or one. Many business decision problems require integer programming because their variable units must be whole numbers. For example, it would not make sense for a optimal solution to require a company to build half a factory in one location, to produce only one-third of a widget, to keep 20 and 1/8 units of inventory on hand, to hire less than one person, or to route half a bus one way and the other half another. Thus program designers are faced with a finite set of alternatives and face discrete decision problems.
Dynamic Programming
Dynamic programming involves problems that require a sequence of decisions over time, where one decision must follow logically from the preceding outcome. Many investment decisions are modeled using dynamic programming, because sell, hold, or buy decisions can be programmed in the model based on fluctuations in the prices of securities.
Monte Carlo Simulation
Monte Carlo methods involve repeated random sampling in order to obtain variables or outcomes. Therefore, by running the simulation again and again, a computer program can provide results in the form of statistical probabilities. The name derives from the fact that the simulation can be likened to gambling at a casino, recording your winnings, and determining from this information the probability of winning your next hand.
Optimal Order QuaaOptimal Order Quantity in Productionntity
Problem 1 Dulles Electric Company buys 1 million tons of coal annually to burn at its power plant. The company wants to invest in a unit train that will haul coal from the mine to the power house, where it is dumped in a large field. The shipping cost is expected to be $40 a ton. The cost of capital to Dulles is 10% per annum.
Internal Environment at General Mills and Swot Analysis
a) Assess what you believe to be the most important aspects of the internal environment at General Mills. Do not try to analyze every aspect of the internal organization — rather, identify a minimum of two internal strengths and/or weaknesses. Do your best not to repeat the observations made by your peers, although you are enco
Walmart’s inventory management
I need help finding a company or organization that has good inventory management procedures. Does this company use VMI? Could it use VMI? What does it use to ensure it has the right inventory at the right time and control the costs? What sources can I use to support this information?
Multifactor Productivity Ratio in the given scenario.
You have a company that makes 30000 light bulbs per day with the following resources: -Labor: 250 hours per day @15.00 per hour -Raw Material: 60,000 pounds of glass per day @ $0.50 per pound -Energy: $10,000 per day -Capital: $3500 per day a) What is the productivity per labor hour for light bulbs you make? b) What is
Definition of a Project and its Key Concepts.
Primary Discussion Response is due by Wednesday (11:59:59pm Central), Peer Responses are due by Sunday (11:59:59pm Central). (PM600 -1502B -03) Phase 1 Discussion Board Primary Task Response: Within the Discussion Board area, write 600-800 words that respond to the following scenario with your thoughts, ideas, and comments. Thi
Inventory Costs and Production Processes
Question 1: A fizzy drinks company makes five different flavours of drink on a single production line. The flavours are: Lemonade Cola Soda water Ginger Beer Dandelion & Burdock The production line operates 5 days a week for 50 weeks a year. There are two weeks maintenance, which can be fitted in at the end of a
Research study alternatives and their advantages
1.All of the following are part of an exploratory phase search strategy except _____. discovery and analysis of secondary sources expert interviews interviews with those involved with the problem brainstorming experiments 2.Which of the following statements is false with respect to the two-stage research approa
Executive Summary Example: Career Development Plan
This solution is to be used by students who are seeking an APA formatted Executive Summary example of how to establish a career plan with action steps. It gives the student a first person perspective on how to craft a response to the question of “what needs to be done to grow my career”.
UPS Procurement and Supply Chain
Need help in knowing the procurement or acquisition practices of UPS and the types of materials that the company uses. Analyze where those materials are sourced, how they are delivered, and what the overall supply chain operations of the company are. ( no page minimum or maximum) Need help in the areas of Procurement M
Strategic Business Plan for New Product
Hello, I need help selecting an industry and creating a fictitious business. Develop a 700-1,050 word outline in APA style for the business, including headings for a strategic business plan. Complete the organizational structure, vision, mission, and purpose section of the plan to outline the business’s basic information.
Vendor Managed Inventory and Bullwhip effect
I need help with the following questions for my 5 page paper: 1. Is Vendor Managed Inventory a valid method for reducing the Bullwhip effect (BWE)? 2. How does it compare to other inventory management methods for reducing the BWE? 3. What conclusions can be drawn from these comparisons? The articles I’ve read (see belo
Total annual manufacturing cost
Consider the following specific potential outsourcing situation: ABC has determined it can manufacture the new valve product internally for $27,000 in fixed costs (FC) and $8 variable costs (VC) per unit. The company president has estimated ABC will sell 4,800 (unit volume = UV) of these valves each year. Jay Production, a sm
Quality Control Parameters
Total Quality Management, And The Tools Of Quality 1. Another issue ABC is facing is reliability of their products, in part because they are manufacturing increasingly complex products. One such product is designed and manufactured with five different subassemblies combined in series. It was determined through testing that th
Importance of operations management
In a two paragraph can you explain how operations management improvements support an organization’s strategy with examples.
Interview review for themes
Mini-Project: Themes and the Write-Up To prepare for this Application: Review Chapter 9 in Qualitative Inquiry and Research Design: Choosing Among Five Approaches; the examples of themes in “Stretching” Exercises for Qualitative Researchers; and pages 502-525 in Qualitative Research and Evaluation Methods. Analyze your in
Calculating the BEP and contribution margin in the given case
1.ABC Manufacturing is unsure of the ideal price to quote for one of their products, a pump. ABC’s president has asked you to do a break even analysis for the pump, and to recommend the optimal price. The fixed costs (FC) associated with manufacturing this particular product are $100,000, and the variable costs (VC) are $50 per
Recommendations from research
Have you ever made any research recommendations to your management or supervisor? If so, what data and analysis were your recommendations based on? Did you use any tools or techniques for the collection and/or analysis of the data?
Sequencing Techniques
11. A small consulting group of a computer systems department has seven projects to complete. How should the projects be scheduled? The time in days and project deadlines are provided below. Determine the average processing time and average tardiness for each sequencing approach: First come, first served (FCFS), shortest pr
Proposal Process
Hello, I need help developing a response to the following: How difficult has it been to juggle writing a proposal during the final content courses? Is it difficult to move between the more structured environment of the content courses and the independent study of the dissertation process? Do you feel this is a satisfactory pr
2010 Toyota & Mattle 2007 and 2010 Recalls
ONE-two paragraph for each. In 2010, Toyota recalled over five million vehicles worldwide. Discuss the impacts on the supply chain as a result of this recall. How does this recall tie to the overall strategy of the company? Also, examine the effects of the recall on the quality image of Toyota. In 2007, Mattel recalled m
Hot Dog Mix Planning – Linear Programming
A meatpacking house is creating a new variety of hot dog for the low-calorie, low-fat, low-cholesterol market. This new hot dog will be made of beef and pork, plus either chicken, turkey, or both. It will be marketed as a 2-ounce all-meat hot dog, with no fillers. Also, it will have no more than 6 grams of fat, no more than 27 g
The Use of Biblical Management Principles
I need help writing a research paper on Biblical Management Principles. More specifically, getting a good background, thesis statement, problem statement and starting my literature review
Excel Solver: Toy Manufacturing Company
A toy manufacturing company currently maintains plants in Atlanta and Tulsa that supply to retail centers in Los Angeles and New York. Because of expanding demand, the company has decided to build a third plant and has narrowed the choice to one of two cities, Seattle or Baltimore. The distribution costs, as well as plant capaci
Operations Research and Profit Maximization
In a particular engineering project team, four design jobs can be performed by any of the five resident experts. The profit generated by each individual resident expert for each design job is presented in the following table: Resident Experts Jobs Tom Robert John Albert Chris 1 $ 10,000.00 $ 12,000.00 $ 16,000.00
Solving LP Problem By Graphical Method
The Sweet Smell Fertilizer Company markets bags of manure labeled “not less than 60 lb dry weight.” The packaged manure is a combination of compost and sewage wastes. To provide good-quality fertilizer, each bag should contain at least 30 lb of compost but no more than 40 lb of sewage. Each pound of compost costs Sweet Smell $0.
Calculations with Poisson and exponential distributions
Calls arrive at Lynn Ann fish’s hotel switchboard at a rate of 2 per minute. The average time to handle each is 20 seconds. There is only one switchboard operator at the current time. The Poisson and exponential distributions appear to be relevant in this situation. a) What us the probability that the operator is busy? b) W
Performance Parameters of a Waiting Line Model
Paul Fenster own and manages a chili-dog and soft-drink stand near the Kean U. campus. While Paul can service 30 customers per hour on the average (µ), he gets only 20 customers per (λ). Because Paul could wait on 50% more customers than actually visit his stand, it doesn’t make sense to him that he should have any waiting lin
Preparing BOM and Computing Gross and Net Requirements
14.8 As the production planner for Scott Sampson Products, Inc., you have been given a bill of material for a bracket that is made up of a base, two springs, and four clamps. The base is assembled from one clamp and two housings. Each clamp has one handle and one casting. Each housing has two bearings and one shaft. There is no
Choosing sample sizes for qualitative research
The impact of wage structure on employment productivity and efficiency in public sector in Nigeria Problem Statement The general problem of low wage structure in the public services in Nigeria makes the service unattractive to vibrant individuals who seek to pursue a career to take up employment in public services organisation
Linear Programming (LP)
Linear programming is concerned with the optimization (minimization or maximization) of a linear function while satisfying a set of linear equalities and/or inequalities (collectively known as constraints). Linear programming in operations research can be applied to a variety of problems.
Resource allocation: The most typical problems in business are resource allocation problems. For example, a common type of resource allocation problem is the problem of product mix, which looks at the optimal mix of products that will maximize profit subject to resource constraints such as limited machine time or a limited quantity of a necessary input. A solution to this problem will also provide other valuable information that may allow the student to identify bottlenecks, find the range over which the unit profit can change without affecting the product mix, identify the marginal benefit of adding additional units of the limited resource, and find the range of quantity over which the availability of the resource can change without affecting the identity of the bottleneck in the system.
Blending: Blending problems are problems that involve finding the optimal blend or mix of ingredients in order to minimize costs and satisfy some additional requirement. For example, crude oil blending allows refineries to mix different crude oil products to achieve some optimal and consistent product. Similarly, ingredients in animal feed stock may be combined in different amounts to achieve some optimal blend that meets minimum nutritional requirements.
Queuing: Queuing models look at resource decisions such as determining optimal inventory levels to minimize costs in the face of fixed ordering costs (such as delivery costs), carrying costs for units on hand, seasonal price fluctuations, and fluctuations in demand (and costs associated with stock outs).
Scheduling: Scheduling problems include problems such as personnel staffing, project tasks, and determining the optimal coverage of sporting events.
Network flow and network optimization: Network flow problems are a special case in linear programming that look at things like transportation or routing problems, critical path analysis (project management), the assignment problem, and other flow problems.
Facility location: Facility location problems look to minimize things like transportation costs, or address other criteria such as taking advantage of price-differentials in the case of low-cost labour in other jurisdictions. Facility location problems also include problems such as floor planning.
Investment decisions: Linear programming can also be used to solve investment problems such as designing the optimal portfolio to minimize, or hedge, risk.
Nonlinear Programming
Nonlinear programming problems are similar to linear programming problems in that they involve the optimization of an objective function while satisfying a set of equalities and/or inequalities. However, unlike linear programs, nonlinear programs exist where the objective function or some of the constraints are nonlinear. For example, linear problems may become nonlinear problems if one of the cost functions exhibits economies of scale.
Integer Programming
Integer programming refers to linear or nonlinear optimization problems where some of the variables are required to take on discrete values. They can be modeled with binomial variables that take on values of either zero or one. Many business decision problems require integer programming because their variable units must be whole numbers. For example, it would not make sense for a optimal solution to require a company to build half a factory in one location, to produce only one-third of a widget, to keep 20 and 1/8 units of inventory on hand, to hire less than one person, or to route half a bus one way and the other half another. Thus program designers are faced with a finite set of alternatives and face discrete decision problems.
Dynamic Programming
Dynamic programming involves problems that require a sequence of decisions over time, where one decision must follow logically from the preceding outcome. Many investment decisions are modeled using dynamic programming, because sell, hold, or buy decisions can be programmed in the model based on fluctuations in the prices of securities.
Monte Carlo Simulation
Monte Carlo methods involve repeated random sampling in order to obtain variables or outcomes. Therefore, by running the simulation again and again, a computer program can provide results in the form of statistical probabilities. The name derives from the fact that the simulation can be likened to gambling at a casino, recording your winnings, and determining from this information the probability of winning your next hand.
Optimal Order QuaaOptimal Order Quantity in Productionntity
Problem 1 Dulles Electric Company buys 1 million tons of coal annually to burn at its power plant. The company wants to invest in a unit train that will haul coal from the mine to the power house, where it is dumped in a large field. The shipping cost is expected to be $40 a ton. The cost of capital to Dulles is 10% per annum.
Internal Environment at General Mills and Swot Analysis
a) Assess what you believe to be the most important aspects of the internal environment at General Mills. Do not try to analyze every aspect of the internal organization — rather, identify a minimum of two internal strengths and/or weaknesses. Do your best not to repeat the observations made by your peers, although you are enco
Walmart’s inventory management
I need help finding a company or organization that has good inventory management procedures. Does this company use VMI? Could it use VMI? What does it use to ensure it has the right inventory at the right time and control the costs? What sources can I use to support this information?
Multifactor Productivity Ratio in the given scenario.
You have a company that makes 30000 light bulbs per day with the following resources: -Labor: 250 hours per day @15.00 per hour -Raw Material: 60,000 pounds of glass per day @ $0.50 per pound -Energy: $10,000 per day -Capital: $3500 per day a) What is the productivity per labor hour for light bulbs you make? b) What is
Definition of a Project and its Key Concepts.
Primary Discussion Response is due by Wednesday (11:59:59pm Central), Peer Responses are due by Sunday (11:59:59pm Central). (PM600 -1502B -03) Phase 1 Discussion Board Primary Task Response: Within the Discussion Board area, write 600-800 words that respond to the following scenario with your thoughts, ideas, and comments. Thi
Inventory Costs and Production Processes
Question 1: A fizzy drinks company makes five different flavours of drink on a single production line. The flavours are: Lemonade Cola Soda water Ginger Beer Dandelion & Burdock The production line operates 5 days a week for 50 weeks a year. There are two weeks maintenance, which can be fitted in at the end of a
Research study alternatives and their advantages
1.All of the following are part of an exploratory phase search strategy except _____. discovery and analysis of secondary sources expert interviews interviews with those involved with the problem brainstorming experiments 2.Which of the following statements is false with respect to the two-stage research approa
Executive Summary Example: Career Development Plan
This solution is to be used by students who are seeking an APA formatted Executive Summary example of how to establish a career plan with action steps. It gives the student a first person perspective on how to craft a response to the question of “what needs to be done to grow my career”.
UPS Procurement and Supply Chain
Need help in knowing the procurement or acquisition practices of UPS and the types of materials that the company uses. Analyze where those materials are sourced, how they are delivered, and what the overall supply chain operations of the company are. ( no page minimum or maximum) Need help in the areas of Procurement M
Strategic Business Plan for New Product
Hello, I need help selecting an industry and creating a fictitious business. Develop a 700-1,050 word outline in APA style for the business, including headings for a strategic business plan. Complete the organizational structure, vision, mission, and purpose section of the plan to outline the business’s basic information.
Vendor Managed Inventory and Bullwhip effect
I need help with the following questions for my 5 page paper: 1. Is Vendor Managed Inventory a valid method for reducing the Bullwhip effect (BWE)? 2. How does it compare to other inventory management methods for reducing the BWE? 3. What conclusions can be drawn from these comparisons? The articles I’ve read (see belo
Total annual manufacturing cost
Consider the following specific potential outsourcing situation: ABC has determined it can manufacture the new valve product internally for $27,000 in fixed costs (FC) and $8 variable costs (VC) per unit. The company president has estimated ABC will sell 4,800 (unit volume = UV) of these valves each year. Jay Production, a sm
Quality Control Parameters
Total Quality Management, And The Tools Of Quality 1. Another issue ABC is facing is reliability of their products, in part because they are manufacturing increasingly complex products. One such product is designed and manufactured with five different subassemblies combined in series. It was determined through testing that th
Importance of operations management
In a two paragraph can you explain how operations management improvements support an organization’s strategy with examples.
Interview review for themes
Mini-Project: Themes and the Write-Up To prepare for this Application: Review Chapter 9 in Qualitative Inquiry and Research Design: Choosing Among Five Approaches; the examples of themes in “Stretching” Exercises for Qualitative Researchers; and pages 502-525 in Qualitative Research and Evaluation Methods. Analyze your in
Calculating the BEP and contribution margin in the given case
1.ABC Manufacturing is unsure of the ideal price to quote for one of their products, a pump. ABC’s president has asked you to do a break even analysis for the pump, and to recommend the optimal price. The fixed costs (FC) associated with manufacturing this particular product are $100,000, and the variable costs (VC) are $50 per
Recommendations from research
Have you ever made any research recommendations to your management or supervisor? If so, what data and analysis were your recommendations based on? Did you use any tools or techniques for the collection and/or analysis of the data?
Sequencing Techniques
11. A small consulting group of a computer systems department has seven projects to complete. How should the projects be scheduled? The time in days and project deadlines are provided below. Determine the average processing time and average tardiness for each sequencing approach: First come, first served (FCFS), shortest pr
Proposal Process
Hello, I need help developing a response to the following: How difficult has it been to juggle writing a proposal during the final content courses? Is it difficult to move between the more structured environment of the content courses and the independent study of the dissertation process? Do you feel this is a satisfactory pr
2010 Toyota & Mattle 2007 and 2010 Recalls
ONE-two paragraph for each. In 2010, Toyota recalled over five million vehicles worldwide. Discuss the impacts on the supply chain as a result of this recall. How does this recall tie to the overall strategy of the company? Also, examine the effects of the recall on the quality image of Toyota. In 2007, Mattel recalled m
Hot Dog Mix Planning – Linear Programming
A meatpacking house is creating a new variety of hot dog for the low-calorie, low-fat, low-cholesterol market. This new hot dog will be made of beef and pork, plus either chicken, turkey, or both. It will be marketed as a 2-ounce all-meat hot dog, with no fillers. Also, it will have no more than 6 grams of fat, no more than 27 g
The Use of Biblical Management Principles
I need help writing a research paper on Biblical Management Principles. More specifically, getting a good background, thesis statement, problem statement and starting my literature review
Excel Solver: Toy Manufacturing Company
A toy manufacturing company currently maintains plants in Atlanta and Tulsa that supply to retail centers in Los Angeles and New York. Because of expanding demand, the company has decided to build a third plant and has narrowed the choice to one of two cities, Seattle or Baltimore. The distribution costs, as well as plant capaci
Operations Research and Profit Maximization
In a particular engineering project team, four design jobs can be performed by any of the five resident experts. The profit generated by each individual resident expert for each design job is presented in the following table: Resident Experts Jobs Tom Robert John Albert Chris 1 $ 10,000.00 $ 12,000.00 $ 16,000.00
Solving LP Problem By Graphical Method
The Sweet Smell Fertilizer Company markets bags of manure labeled “not less than 60 lb dry weight.” The packaged manure is a combination of compost and sewage wastes. To provide good-quality fertilizer, each bag should contain at least 30 lb of compost but no more than 40 lb of sewage. Each pound of compost costs Sweet Smell $0.
Calculations with Poisson and exponential distributions
Calls arrive at Lynn Ann fish’s hotel switchboard at a rate of 2 per minute. The average time to handle each is 20 seconds. There is only one switchboard operator at the current time. The Poisson and exponential distributions appear to be relevant in this situation. a) What us the probability that the operator is busy? b) W
Performance Parameters of a Waiting Line Model
Paul Fenster own and manages a chili-dog and soft-drink stand near the Kean U. campus. While Paul can service 30 customers per hour on the average (µ), he gets only 20 customers per (λ). Because Paul could wait on 50% more customers than actually visit his stand, it doesn’t make sense to him that he should have any waiting lin
Preparing BOM and Computing Gross and Net Requirements
14.8 As the production planner for Scott Sampson Products, Inc., you have been given a bill of material for a bracket that is made up of a base, two springs, and four clamps. The base is assembled from one clamp and two housings. Each clamp has one handle and one casting. Each housing has two bearings and one shaft. There is no
Choosing sample sizes for qualitative research
The impact of wage structure on employment productivity and efficiency in public sector in Nigeria Problem Statement The general problem of low wage structure in the public services in Nigeria makes the service unattractive to vibrant individuals who seek to pursue a career to take up employment in public services organisation
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Linear Programming (LP)
Linear programming is concerned with the optimization (minimization or maximization) of a linear function while satisfying a set of linear equalities and/or inequalities (collectively known as constraints). Linear programming in operations research can be applied to a variety of problems.
Resource allocation: The most typical problems in business are resource allocation problems. For example, a common type of resource allocation problem is the problem of product mix, which looks at the optimal mix of products that will maximize profit subject to resource constraints such as limited machine time or a limited quantity of a necessary input. A solution to this problem will also provide other valuable information that may allow the student to identify bottlenecks, find the range over which the unit profit can change without affecting the product mix, identify the marginal benefit of adding additional units of the limited resource, and find the range of quantity over which the availability of the resource can change without affecting the identity of the bottleneck in the system.
Blending: Blending problems are problems that involve finding the optimal blend or mix of ingredients in order to minimize costs and satisfy some additional requirement. For example, crude oil blending allows refineries to mix different crude oil products to achieve some optimal and consistent product. Similarly, ingredients in animal feed stock may be combined in different amounts to achieve some optimal blend that meets minimum nutritional requirements.
Queuing: Queuing models look at resource decisions such as determining optimal inventory levels to minimize costs in the face of fixed ordering costs (such as delivery costs), carrying costs for units on hand, seasonal price fluctuations, and fluctuations in demand (and costs associated with stock outs).
Scheduling: Scheduling problems include problems such as personnel staffing, project tasks, and determining the optimal coverage of sporting events.
Network flow and network optimization: Network flow problems are a special case in linear programming that look at things like transportation or routing problems, critical path analysis (project management), the assignment problem, and other flow problems.
Facility location: Facility location problems look to minimize things like transportation costs, or address other criteria such as taking advantage of price-differentials in the case of low-cost labour in other jurisdictions. Facility location problems also include problems such as floor planning.
Investment decisions: Linear programming can also be used to solve investment problems such as designing the optimal portfolio to minimize, or hedge, risk.
Nonlinear Programming
Nonlinear programming problems are similar to linear programming problems in that they involve the optimization of an objective function while satisfying a set of equalities and/or inequalities. However, unlike linear programs, nonlinear programs exist where the objective function or some of the constraints are nonlinear. For example, linear problems may become nonlinear problems if one of the cost functions exhibits economies of scale.
Integer Programming
Integer programming refers to linear or nonlinear optimization problems where some of the variables are required to take on discrete values. They can be modeled with binomial variables that take on values of either zero or one. Many business decision problems require integer programming because their variable units must be whole numbers. For example, it would not make sense for a optimal solution to require a company to build half a factory in one location, to produce only one-third of a widget, to keep 20 and 1/8 units of inventory on hand, to hire less than one person, or to route half a bus one way and the other half another. Thus program designers are faced with a finite set of alternatives and face discrete decision problems.
Dynamic Programming
Dynamic programming involves problems that require a sequence of decisions over time, where one decision must follow logica