Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Management Theories Expert

Problem #1

Greydog Bus Company operates buses between Boston and Washington, D.C. A bus trip between these two cities takes 6 hours. Federal law requires that a driver rest for four or more hours between trips. A driver's workday consists of two trips: one from Boston to Washington and one from Washington to Boston. The following table gives the departure times for the buses. Greydog's goal is to minimize the total downtime for all drivers. How would Greydog assign crews to trips? Note: It is permissible for a driver's "day" to overlap midnight. For example, a Washington-based driver can be assigned to the Washington-Boston 3 P.M. trip and the Boston-Washington 6 A.M. trip.

Trip

Departure Time

Trip

Departure Time

Boston 1

6 A.M.

Washington 1

5:30 A.M.

Boston 2

7:30 A.M.

Washington 2

9 A.M.

Boston 3

11:30 A.M.

Washington 3

3 P.M.

Boston 4

7 P.M.

Washington 4

6:30 P.M.

Boston 5

12:30 A.M.

Washington 5

12 midnight

Problem #2

At the beginning of year 1, a new machine must be purchased. The cost of maintaining a machine i years old is given in the table below.

Age at beginning of year

Maintenance Cost for Next Year (5)

0

38,000

1

50,000

2

97,000

3

182,000

4

304,000

The cost of purchasing a machine at the beginning of each year is given in the table below.

Year

Purchase Cost (5)

1

170,000

2

190,000

3

210,000

4

250,000

5

300,000

There is no trade-in value when a machine is replaced. Your goal is to minimize the total cost (purchase plus maintenance) of having a machine for five years. Determine the years in which a new machine should be purchased.

Problem #3

For the network shown in the figure below, find the maximum flow from source to sink.

2432_Find the maximum flow from source.png

Problem #4

The city of Smalltown consists of five subdivisions. Mayor John Lion wants to build telephone lines to ensure that all subdivisions can communicate with each other. The distances between the subdivisions are given it the figure below. What is the minimum length of telephone line required? Assume that no telephone line can be built between subdivisions I and 4.

104_Find the maximum flow from source1.png

Problem #5

Jessica Williams, manager of Kitchen Appliances for the Midtown Department Store, feels that her inventory levels of stoves have been running higher than necessary. Before visiting the inventory policy for stoves, she records the number sold each day over a period of 25 days, as summarized below.

Number

2

3

4

5

6

Sold

 

 

 

 

 

Number       of

4

7

8

5

1

Days

 

 

 

 

 

(a) Use these data to estimate the probability distribution of daily sales.

(b) Calculate the mean of the distribution obtained in part (a).

(c) Describe how uniform random numbers can be used to simulate daily sales.

(d) Use the uniform random numbers 0.4476, 0.9713, and 0.0629 to simulate daily sales over 3 days. Compare the average with the mean obtained in part (b).

(e) Formulate a spreadsheet model for performing a simulation of the daily sales. Perform 300 replications and obtain the average of the sales over the 300 simulated days.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M91345151

Have any Question?


Related Questions in Management Theories

Identify three reasons that a project can fail explore each

Identify three reasons that a project can fail, explore each of the reasons, propose a solution that will eliminate the problem and turn the initiative into a success. Use a minimum of two peer reviewed sources. The work ...

Df or computer forensics cf laboratory and what actually

(DF) or computer forensics (CF) laboratory and what actually one would find in a lab. Trust me, there are many different artifacts surrounding the DF/CF lab. After you find the article, you are to write a short 1-2 repor ...

Suppose a machine has two components that prevent injury

Suppose a machine has two components that prevent injury; component A and component B. If either of the components fail, an employee will be injured.  It is important to note that both A and B cannot fail at the same tim ...

Assessment - business research proposalfor this assessment

Assessment - Business Research Proposal For this assessment, students are expected to present a written research proposal that is based on the literature review (Assessment 1) and demonstrates their understanding of busi ...

Question - choose a product or technology interview five

Question - Choose a product or technology. Interview five consumers who buy that product and ask them what major problems they have with the product (or what major things they dislike about it). Then ask them to describe ...

What is the result of a price ceiling and why do some

What is the result of a price ceiling? And why do some consumers tend to favor price ceilings and others tend to oppose it?

Discussion post in a minimum of 150 words select one of the

Discussion Post: In a minimum of 150 words, select one of the discussion questions from the case study and answer the discussion question you selected. (The list of discussion questions from the case study are listed bel ...

As a single parent earning on a limited income how can you

As a single parent earning on a limited income, how can you stretch your grocery dollar to plan nutritious meals for you and your children? Would you seek the assistance of federal programs?

Show your work i already have my own answer and am trying

Show your work! I already have my own answer, and am trying to compare for accuracy. Graph needs to be included. Most graduate schools of business require applicants for admission to take the GMAT, the Graduate Managemen ...

What is the difference between a linear quadratic and cubic

What is the difference between a linear, quadratic, and cubic regression analysis? Please provide a reference.

  • 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