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
Mila [183]
3 years ago
13

1. A manufacturer of industrial motors has identified ten new prospective customers for its products and estimated each customer

's annual sales potential as follows:
Customer 1 2 3 4 5 6 7 8 9 10
Sales Potential
(in $1,000,000s) $113 $106 $84 $52 $155 $103 $87 $91 $128 $131
The company would like to allocate these ten prospective customers to five of its current salespeople in the most equitable way possible. (Each customer may be assigned to only one sales person.) To do this, ideally, the customers assigned to each of the five salespeople would have exactly the same sales potential. If such a solution is not possible, the company would like to minimize the total amount by which the actual sales potentials for the customers assigned to each salesperson deviate from the ideal allocation.
a. Ideally, what sales potential should be assigned to each salesperson?
b. Formulate a mathematical programming model for this problem.
c. Implement your model in a spreadsheet and solve it.
d. What is the optimal solution and the optimal objective value?
e. Suppose we instead want to minimize the maximum amount by which any salesperson's assigned sales potential deviates from the ideal allocation. What is the optimal solution and optimal objective value?
Business
1 answer:
Bess [88]3 years ago
4 0

Answer:

a. the assigned sales potential to each person is 210

d. the total minimum over/above potential is 20

Explanation:

took it out from Spreadsheet Modeling and Decisions Analysis. hope this helps.

You might be interested in
Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) Calculate the number of days' sales in inven
rusak2 [61]

Answer:

A.3.63 times

B.95.5 days

C.21.0 times

D.13.5 days

Explanation:

a.

Inventory turnover = Cost of goods sold / Average inventories

Hence:

= $602,250 / $166,000

= 3.63 times

b.

Number of days’ sales in inventory = Inventory at year-end / Average day’s cost of good sold

= $157,575 / $1,650

= 95.5 days

Average day’s cost of goods sold

= Annual cost of good sold / 365

= $602,250 / 365 = $1,650

c.Accounts receivable turnover

= Sales / Average accounts receivable

= $821,250 / $39,100

= 21.0 times

d.

Number of days’ sales in accounts receivable

= Accounts receivable at year-end / Average day’s sales

= $30,400 / $2,250 = 13.5 days

Average day’s sales = Annual sales / 365

= $821,250 / 365

= $2,250

7 0
3 years ago
A supplier has contracted to deliver halloween costumes to a party supply store by october 15th. however, due to a natural disas
olga nikolaevna [1]
I think you would have to do math to find the answer\
3 0
3 years ago
When transportation costs are added to production costs, it becomes unprofitable to ship some products over a large distance. Th
s344n2d4d5 [400]

Answer:

The correct answer is have a low value-to-weight ratio.

Explanation:

Products that have low weight-value ratios (for example, coal, iron ore, bauxite and sand) also have low storage costs but high movement costs as a percentage of their sales price. Inventory management costs are calculated as a ration of the value of the product. Low product value means low storage cost, since inventory management costs are the dominant factor in storage cost. When the value of the product is low, transport costs represent a high proportion of the sale price.

Consequently, companies that deal with products of low value for weight frequently try to negotiate more favorable transport rates; rates are generally lower for raw materials than for finished products of the same weight.

6 0
3 years ago
Read 2 more answers
jameson machinery inc. wants to release their newest equipment in the south american market before other companies in order to e
Natasha_Volkova [10]

Based on the actions of Jameson Machinery Inc, we can infer that they want to benefit from<u> First Mover Advantage. </u>

<u />

First Mover Advantage:

  • Involves being the first company or brand to enter a certain industry
  • Gives the brand a competitive advantage and customer loyalty over other competitors
  • Allows company to perfect services offered

In trying to get to South America first and having their brand established, Jameson hopes to benefit from first mover advantage which would see them have a competitive advantage over competitors that come later.

In conclusion, Jameson hopes to benefit from First-Mover Advantage.

<em />

<em>Find out more at brainly.com/question/14663095. </em>

3 0
3 years ago
As with all managerial work, arts and
lilavasa [31]
C. Especially art is what they look for
6 0
3 years ago
Other questions:
  • What is a commission, as it relates to the stock market?
    6·2 answers
  • Plough Company reported net income of $180,000 for the current year. Depreciation recorded on buildings and equipment amounted t
    15·1 answer
  • Which of the following is an example of selling? A college student asking a professor to let him enroll in a course section alre
    12·1 answer
  • Jallouk Corporation has two different bonds currently outstanding. Bond M has a face value of $60,000 and matures in 20 years. T
    15·1 answer
  • What is the difference between net gain and net loss?
    10·2 answers
  • Flash Card Inc. recently underwent a significant company-wide change that involved revision ofits manufacturing and leadership p
    11·1 answer
  • Beerbo purchased a machine on July 1, 2021 for $28,000. Beerbo also paid $200 in title fees; $125 in taxes; $500 in delivery cha
    13·1 answer
  • The Regal Cycle Company manufactures three types of bicycles—a dirt bike, a mountain bike, and a racing bike. Data on sales an
    9·1 answer
  • Bucknum Boys, Inc., produces hunting gear for buck hunting. The company’s main production departments are Molding and Finishing.
    13·1 answer
  • True or False: According to economic theory, because coupons are free, people who do not clip coupons are behaving irrationally.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!