Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

problem 1: A soda producer makes and sells two products, Classic Cola and Diet Cola. If this company spends X1 dollars on promotion of Classic Cola in a particular western city, it can sell at 75 X1^ 0.5 12-packs of Classic Cola each week there.  Furthermore, if this company spends X2 dollars on promotion of Diet Cola in a particular western city, it can sell at 50X2^0.5 12-packs of Diet Cola each week there. Each 12-pack of Classic Cola sells for $3.00 and costs $0.80 to produce and ship to customers in this western city. Each 12-pack of Diet Cola sells for $3.50 and costs $1.00 to produce and ship to customers in this western city. A total of $10,000 is available for promotion each week in this city. The soda producer seeks to maximize its weekly profit. Formulate and resolve a suitable optimization model to help this soda producer identify the best promotional strategies for its two products. 

problem 2: A faculty member can be an assistant professor, an associate professor, or a full professor. In terms of departmental standing, a full professor is above an associate professor, who is in turn, above assistant professor. At the end of each academic year, 13% of assistant professors become associate professors and 18% leave the department; 21% of associate professors become full professors and 17% leave the department; and 9% of full professors leave the department. Demotion never takes place. It is as well known that 60% of faculty members enter the department as an assistant professor, 30% as an associate professor, and 10% as a full professor. When an associate professor leaves the department, 75% of the time is on good terms. When an assistant professor leaves the department, 60% of time is on “bad terms” and 40% of the time is on “good terms”. When a full professor leaves the department, 90% of the time is on “good terms”.

a) describe the discrete-time Markov chain (X(t)) and transition probability matrix.

b) Given that a faculty member enters the department as an assistant professor, find out the probability that he leaves the department on 'bad terms'?

c) Determine the probability that a faculty member leaves the department on 'bad terms'?

d) Given that a faculty member enters the department as an associate professor, how long would you expect him to stay in the department?

e) On average, how many years does a faculty member stay in the department?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M96353

Have any Question? 


Related Questions in Operation Management

Emergency managers should know how to assess vital

Emergency managers should know how to assess vital buildings in communities in order to protect the occupants in light of an emergency. Access the Anytown, USA Simulation. Assess the government building in the Downtown R ...

Please choose 1 of the 4 topics listed below 1 just

Please Choose 1 of the 4 Topics Listed Below: 1. Just War/Military Ethics (Weeks Three and Four) • The circumstances under which it is or is not legitimate to use military force against another group or country • The con ...

1 why is ethical misconduct more difficult to overcome than

1. Why is ethical misconduct more difficult to overcome than poor financial performance? 2. What are the three types of conditions to a contract that may exist? Explain each one. 3. With regard to the reluctant workers c ...

Performance management please respond to the following from

"Performance Management " Please respond to the following: * From the scenario, propose two (2) approaches that a company can use to leverage a 360-degree performance appraisal system to evaluate individual performance. ...

You are working in supply chain as supply planning logistic

You are working in supply chain as supply planning, logistic and procurement manager in a pharmaceutical company and you need to write and explain relevant to your work for the below 7 mentioned notes. 1 Developing, impl ...

Select three metrics that you will use in your assignment 3

Select three metrics that you will use in your assignment 3 to measure the effectiveness of the HR programs at the end of the transformation you will design.

Prepare a project management plan for a large employee

Prepare a project management plan for a large employee Christmas Party. The project management plan must include the following items: Scope Plan Scope Management Scope (Includes Requirements Traceability Matrix) WBS Sche ...

Questions based on the knowledge you have gained through

Questions Based on the knowledge you have gained through the readings in this module, answer the Module Review Questions listed below. These questions were chosen to demonstrate your understanding and help you assess you ...

Discussion- operations management and financial management

Discussion- Operations Management and Financial Management Integration Search for and review resources on performance management. Describe both a failed Enterprise Resources Planning implementation and a successfully imp ...

1 what is the purpose of controls describe any three types

1. What is the purpose of controls? Describe any three types of control systems. 2. What are the characteristics of effective project teams? 3. Describe the four things that are necessary to promote the partnership idea ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen