1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frozen [14]
4 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]4 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

You might be interested in
Bill is considering investing $450 at the end of every month in a fixed income instrument. He will receive $27,000 at the end of
Nikitich [7]

Answer:

11.61%

Explanation:

First, find the annual percentage return (APR) of this annuity. Using a financial calculator, input the following;

Recurring payment; PMT = -450

Future value ; FV = 27,000

Duration of investment ; N = 4*12 = 48 months

One -time present value; PV = 0

then compute interest rate; CPT I /Y= 0.92% (this is monthly rate)

APR = 0.92*12 = 11.035%

Effective Annual Rate (EAR) formula is as follows;

EAR = (1+\frac{APR}{m} ) ^m  -1

EAR = 1+\frac{0.11035}{12} )^12 -1

EAR = 1.1161 -1

EAR = 0.1161 or 11.61%

8 0
3 years ago
The checkbook balance of Lester Co. was $922.55. The bank statement revealed a balance of $3,881.14. The bank statement showed i
storchak [24]

Answer:

The reconciled balance is 7,294.14

Explanation:

bank statement      3,881.14

deposit in transit   9,555.88

oustanding check<u> (6,142.88)  </u>

bank statment        7.294,14

From the bank accout we deduct the outstanding check and increase by the deposit in transit.

accounting        922.55

interst                   77

service charge    (38.22)

note collected  6,815.00

check              <u>   (482. 19)  </u>

accounting      7.294,14‬

From the accounting we adjust for the transaciton which aren't know by the company:

the interest and service charge, the note colected and we also adjsut for mistake like the check not deducted.

in both we must reach the same final answer.

4 0
3 years ago
There are two universities, A and B, in a city. Tuition rises at University A and, as a result, the demand for attending Univers
LenaWriter [7]

Answer:

Substitutes

Explanation:

The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.

Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.

4 0
3 years ago
A new customer wants to open an account at your firm. When you ask him for a street address, he tells you that he will be moving
Rasek [7]

Answer: B. . The business address can be used for Customer Identification purposes and the account can be opened

Explanation:

From the question, we are told that a new customer wants to open an account at a firm and that when he was asked for his street address, he said that he will be moving soon to a different apartment complex and wants to use his business address.

Since the customer will be moving to a new apartment and therefore may not yet know his street address, the customer can use his business address for identification purpose. Therefore, the customer can open the account.

5 0
4 years ago
Naomi has a home loan amount of $120,000. Her monthly principal and interest payment is $679.00 for thirty years. How much inter
Viktor [21]

Answer:

$124,440

Explanation:

Given a monthly principal and interest payment of $679, over the 30 year period, Naomi would have paid back

$679 * 30 year * 12 months in a year

= $244,440

With a loan amount of @120,000, the interest portion of the total repayment is therefore = total repayment less the loan amount

= $244,440 - $120000

= $124,440.

8 0
3 years ago
Other questions:
  • If a firm applies its overall cost of capital to all its proposed projects, then the divisions within the firm will tend to ____
    13·1 answer
  • How have airplanes changed the way the world does business/9768586/651e9934?utm_source=registration
    14·1 answer
  • Who is Lady gaga? what is she know for?
    14·2 answers
  • Subscription services from firms such as Nielsen provide marketing researchers with a good source of ____ data.
    8·1 answer
  • Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 20,000 Selling price per un
    7·1 answer
  • Mira Mesa Appliances makes and sells kitchen equipment for offices and hotel rooms. Mira Mesa management believes that a new mod
    14·1 answer
  • The Thomlin Company forecasts that total overhead for the current year will be $11,420,000 with 157,000 total machine hours. Yea
    7·1 answer
  • The produces computers and sells them to . At the same time produces cars and sells them to the . Suppose there is an appreciati
    10·1 answer
  • In a statistics examination the mean score was 78 and the standard deviation was 10
    7·1 answer
  • Define demand and supply​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!