+1-415-315-9853

info@mywordsolution.com

## Management Studies

 Management Theories Operation Management HR Management Project Management Business Management Operation Research Marketing Management Strategic Management Management Information System

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

### What steps would you take as a human resource professional

What steps would you take as a human resource professional to ensure that employment-related medical examinations are conducted in a legally sound manner in a company for which you worked? -250 words

### Question 11as greenerys coo you need to make a

Question 11: As Greenery's COO, you need to make a recommendation to the CEO about what option Greenery should follow. They can produce in-house, outsource production, or pass on the offer. Provide a detailed justificati ...

### An operation consists of 2 steps the first step has a

An operation consists of 2 steps. The first step has a reliability of 0.75. The second step has a reliability of 0.91. What is the probability that this system will fail? Express as a percentage with one decimal place. D ...

### Discussion questionuse the equity theory to answer the

Discussion question: Use the equity theory to answer the following question: Describe the impact of employee engagement on job satisfaction and turnover.

### WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group behaviour and how it influences work performance Identify and critically discuss traditional and con ...

### 1 explain what makes negotiations successful discuss in

1. Explain what makes negotiations successful. Discuss in your own words. 2. List and describe the five key steps that a successful organization should take to handle conflict. In your own words 3. Explain the two key pr ...

### Discussion problems and difficulties with air travel

Discussion: Problems and Difficulties with Air Travel Discussion Board is an integral part of your learning in this course. You are encouraged and expected to participate in online discussions. Share an experience you ha ...

### Total quality management is a way for the company to

Total Quality Management is a way for the company to improve its sustainability, reduce production time, lower costs, and increase product demand. You have now completed two rounds of the simulation with Total Quality Ma ...

### Garden variety flower shop uses 830 clay pots a month the

Garden Variety Flower Shop uses 830 clay pots a month. The pots are purchased at \$3.40 each. Annual carrying costs per pot are estimated to be 10 percent of cost, and ordering costs are \$10 per order. The manager has bee ...

### High-performance principlesin this units studies you have

High-Performance Principles In this unit's studies, you have examined many principles of high-performance work systems. For this discussion, answer the following questions: Which principles of high-performance work syste ...

• 13,132 Experts

## 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.

### WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

### 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