Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

A large sporting goods store is placing an order for bicycles with its supplier. Four models can be ordered: the adult Long Trail, the adult Cityscape, the girl's Sea Sprite, and the boy's Trail Blazer. It is assumed that every bike ordered will be sold, and their profits, respectively, are 30, 25, 22, and 20. The LP model should maximize profit. There are several conditions that the store needs to worry about. One of these is space to hold the inventory. An adult's bike needs two feet, but a child's bike needs only one foot. The store has 500 feet of space. There are 1200 hours of assembly time available. The child's bike need 4 hours of assembly time; the Long Trail needs 5 hours and the Cityscape needs 6 hours. The store would like to place an order for at least 275 bikes. a. Formulate a model for this problem. b. Solve your model using Excel Solver. Be sure to save your Answer and Sensitivity Reports. c. How many of each kind of bike should be ordered and what will the profit be? d. What would the profit be if the store had 100 more feet of storage space? e. If the profit on the Cityscape increases to $35, will any of the Cityscape bikes be ordered? f. Over what range of assembly hours is the shadow price applicable? g. If we require 5 more bikes in inventory, what will happen to the value of the optimal solution? h. Which resource should the company work to increase, inventory space or assembly time? Solve using Solver. Answer all questions in Excel and then upload your completed Excel file here.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93110333

Have any Question?


Related Questions in Operation Management

1 why is it important to prepare a communication program to

1. Why is it important to prepare a communication program to promote the company strategy and to explain the risks? What is the purpose of the communication program? 2. Expenditures for health services continue to grow f ...

1 what is the relationship between market segmentation and

1. What is the relationship between market segmentation and target marketing? Give some examples of market segments that you are personally in. Please your own words, don’t plagiarize. Cite your source. 2. Identify and d ...

1 discuss how you would approach marketing a medical office

1. Discuss how you would approach marketing a medical office building versus marketing for retail tenants. 2. Compare and contrast the effectiveness of electronic marketing with other prospecting approaches such as open ...

1 reducing turnover by improving work conditions and

1. Reducing turnover by improving work conditions and improving benefits packages can reduce a projected labor shortage. True False 2. One disadvantage to using observations as part of a job analysis is that the observer ...

1 formal communication channels are the primary way

1. Formal communication channels are the primary way information spreads and work gets accomplished in most organizations. True False 2. InterValley Inc. is undergoing major changes at its managerial level. It is also ab ...

Maker manufactures printing presses news a publisher of a

Maker manufactures printing presses. News, a publisher of a local newspaper, had decided to purchase new presses. Rep, a representative of Maker, met with Boss, the president of News, to describe the advantages of Maker' ...

1 in your company what steps would you take to ensure there

1. In your company, what steps would you take to ensure there is no earnings disparity for full-time male and female workers? Explain how prevalent it is or is not in your industry and why? 2. 1. Do you think it is okay ...

1 it is a database security assignment - your team is in

1. It is a database security assignment - Your team is in charge of writing a formal company policy to keep the company database assets secure. 2. How are (EOQ (economic order quantity) and sensitivity analysis) relevant ...

1 how training is related to both the operational role and

1. How training is related to both the operational role and strategic role of human resource management. 2. Define self serving rationalization. 3. This assignment asks you to write a paper (1 page) about transactional l ...

Madison and shea work for led advertising a regional

Madison and Shea work for LED Advertising, a regional advertising and marketing firm. They are account representatives who both joined the firm two years ago after completing their MBAs. When they were hired, each woman ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As