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    Attempt All The Following Word Problems and Show All The Necessary Steps You Follow To Answer The Required Questions

    Uploaded by

    Gada Nagari
    This document outlines an assignment for a quantitative analysis course involving logistics and supply chain management. It includes 10 questions covering topics such as distinguishing quantitative and qualitative decision making, the application of operations research models in business, solving linear programming problems graphically and using the simplex algorithm, forming linear programming models to optimize profits and assignment schedules, and determining optimal production strategies under uncertainty. Students are asked to develop models, solve problems, and select best strategies based on the information provided.

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    Attempt All The Following Word Problems and Show All The Necessary Steps You Follow To Answer The Required Questions

    Uploaded by

    Gada Nagari
    697 views3 pages
    This document outlines an assignment for a quantitative analysis course involving logistics and supply chain management. It includes 10 questions covering topics such as distinguishing quantitative and qualitative decision making, the application of operations research models in business, solving linear programming problems graphically and using the simplex algorithm, forming linear programming models to optimize profits and assignment schedules, and determining optimal production strategies under uncertainty. Students are asked to develop models, solve problems, and select best strategies based on the information provided.

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    Individual Assignment

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    This document outlines an assignment for a quantitative analysis course involving logistics and supply chain management. It includes 10 questions covering topics such as distinguishing quantitative and qualitative decision making, the application of operations research models in business, solving linear programming problems graphically and using the simplex algorithm, forming linear programming models to optimize profits and assignment schedules, and determining optimal production strategies under uncertainty. Students are asked to develop models, solve problems, and select best strategies based on the information provided.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    697 views3 pages

    Attempt All The Following Word Problems and Show All The Necessary Steps You Follow To Answer The Required Questions

    Uploaded by

    Gada Nagari
    This document outlines an assignment for a quantitative analysis course involving logistics and supply chain management. It includes 10 questions covering topics such as distinguishing quantitative and qualitative decision making, the application of operations research models in business, solving linear programming problems graphically and using the simplex algorithm, forming linear programming models to optimize profits and assignment schedules, and determining optimal production strategies under uncertainty. Students are asked to develop models, solve problems, and select best strategies based on the information provided.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3
    At a glance
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    The passage discusses quantitative decision making and provides examples of linear programming models that can be used to optimize objectives like profit and revenue.

    The Flair Furniture Company needs to determine the best combination of tables and chairs to manufacture in order to reach the maximum profit given constraints on carpentry and painting time.

    The passage provides the costs to ship medical supply packs from three production facilities to four warehouses and the total demand that needs to be met at each warehouse.

    Jimma University

    College of Business and Economics


    Department of Management
    MA Program in Logistics & Supply Chain Management
    Individual Assignment for the course Quantitative Analysis for Decision making in
    Logistics & Supply Chain Management
    1. Distinguish between quantitative and qualitative decision making process.
    2. Why are models required?
    3. Identify application areas of Operations Research in business.
    4. Briefly explain the criteria of model classification.
    5. Give examples of allocation models.
    6. Explain the milestones in the development of OR/MS/DS/SS.
    Attempt all the following word problems and show all the necessary steps you
    follow to answer the required questions.
    7. The Flair Furniture Company produces inexpensive tables and chairs. The production
    process for each is similar in that both require a certain number of hours of carpentry
    work and a certain number of labor hours in the painting and varnishing department.
    Each table takes 4 hours of carpentry and 2 hours in the painting and varnishing shop.
    Each chair requires 3 hours in carpentry and 1 hour in painting and varnishing. During
    the current production period, 240 hours of carpentry time are available and 100
    hours in painting and varnishing time are available. Each table sold yields a profit of
    $70; each chair produced is sold for a $50 profit. Flair Furniture’s problem is to
    determine the best possible combination of tables and chairs to manufacture in order
    to reach the maximum profit.
    Required:
    A. Develop a Linear Programing Model.
    B. Solve the LPP by using;
    i. Graphical method
    ii. Simplex algorithm method
    8. A Medical Supply Company produces catheters in packs at three productions facilities.
    The company ships the packs from the production facilities to four warehouses. The
    table shows the costs per pack to ship to the four warehouses.

    To Seattle New York Phoenix Miami Supply

    From
    19 3 7 21 100

    Juarez
    Seoul 15 21 18 6 300

    Telaviv 11 14 15 22 200

    Demand 150 100 200 150 600

    Required:

    i. Form a general linear programing form (standard form).

    ii. Find the optimum solution by using; 1. NWM, 2. Least-cost method, 3. VAM and
    check its optimality by using;

    a. Stepping-stone method

    b. MODI for evaluation purpose.

    9. A marketing manager in XYZ Company wants to assign 4 salespersons to 4 regions. The


    table below summarizes the expected monthly sales revenue (in 1000’s of Br.) that can
    be generated by each sales person in each region.
    Regions

    Sales West South East North


    Perso
    n
    Alemu 50 40 35 42
    Bedad 35 30 29 27
    a
    Chaltu 28 40 25 38
    Ahme 26 35 30 34
    d

    Required:

    a. Form the general linear programing/ the standard form.

    b. Find the optimal assignment schedule that maximizes expected sales revenue.

    c. What is the expected total revenue?

    10. A small ink manufacturer produces a certain type of ink at a total average cost 3 birr
    per bottle and sells at a price of 5 birr per bottle. The ink is produced over the week-
    end and is sold during the following week. According to the past experience the weekly
    demand has never been less than 78 or greater than 80 bottle in his place. From his
    experience the manufacturer determined probability of occurrence for the three
    events 0.2, 0.5 and 0.3 from the first to the third events respectively. The manufacturer
    has 0.7 % of level of optimism. Based on the given information You are required to
    a. Formulate pay off table.
    b. Select the best strategy based on uncertain environment
    c. Select the best strategy based on uncertain environment

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