A department store has leased a new store and wishes to decide how to place four...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A department store has leased a new store and wishes to decide how to place four departments in four locations so as to maximize total profits. The table below gives the profits, in thousands of taka, when the departments are allocated to the various locations. Find the assignment that maximizes total profits. Location Department 1 4 Shoes 20 16 22 18 Toys 25 28 15 21 Cosmetics 27 20 23 26 Clothing 24 22 23 22 A department store has leased a new store and wishes to decide how to place four departments in four locations so as to maximize total profits. The table below gives the profits, in thousands of taka, when the departments are allocated to the various locations. Find the assignment that maximizes total profits. Location Department 1 4 Shoes 20 16 22 18 Toys 25 28 15 21 Cosmetics 27 20 23 26 Clothing 24 22 23 22
Expert Answer:
Answer rating: 100% (QA)
Solution The objective of the problem is to maximize total profits Solution by Hungarian manual meth... View the full answer
Related Book For
Probability and Statistics for Engineering and the Sciences
ISBN: 978-1305251809
9th edition
Authors: Jay L. Devore
Posted Date:
Students also viewed these general management questions
-
The fine jewellery department in a department store has the same GMROI as the small appliances department even though characteristics of the merchandise are quite different. Explain this situation.
-
The fine jewellery department in a department store has the same GMROI as the small appliances department, even though characteristics of the merchandise are quite different. Explain this situation.
-
The table below gives the average June and December temperatures (in Fahrenheit) for eight cities in the United States. City June December Anchorage 55.0 18.6 Bismarck 64.7 16.2 Boston 67.7 34.7...
-
In a survey of 2230 U.S. adults, 1272 think that air travel is much more reliable than taking cruises. Construct a 95% confidence interval for the population proportion of U.S. adults who think that...
-
The fixed costs of running a fund- raising dinner for Meals for the Homeless are $ 10,000 and the variable costs are $ 75 per attendee. The facility where the event is being held can accommodate 500...
-
Find the present value of $3,500 under each of the following rates and periods: a. 8.9 percent compounded monthly for five years. b. 6.6 percent compounded quarterly for eight years. c. 4.3 percent...
-
Net sales, net income, and total asset figures for Janice Controls, Inc., for five consecutive years are given below (Janice manufactures pollution controls): Required a. Calculate trend percentages,...
-
Multiple-Choice Questions 1. In a make-or-buy decision, a. The company must choose between expanding or dropping a product line. b. The company must choose between accepting or rejecting a special...
-
Develop a white paper convincing the executive team within a fictional company to integrate data-driven decision making into their organization. Company choice: The best company or organization to...
-
Following is the trial balance of Stopa Manufacturing Corporation as of December 31 of this year. You are given the following information for the adjustments: a. f. Year- end inventories: raw...
-
Hello tutors , I need help with this series word problem. I apologize it's long, I would break it up into parts but unfortunately this uses each previous part as a reference. Please let me know how...
-
Determine the average velocity of the following situations in meters/second. a) A bug crawling a distance of 1 meter East in 3 minutes. b) An elevator is lowered by 20 meters in 14 seconds. c) A car...
-
The value of a company's operations is RM850 million. The company's balance sheet shows RM250 million in short-term investments that are unrelated to operations. The balance sheet also shows RM80...
-
A very dedicated physical therapy graduate receives her exercise ball to be used by her patients and she joyously throws the ball straight up in the air. A little later the ball falls back to its...
-
A car is initially stationary until the driver steps on the pedal causing the car to accelerate at a constant 1.2 m/s eastward. Determine the velocity of the car and its displacement after it has...
-
You have a job as the middle-level executive in a 250 bed hospital.The hospital is technically a "non-profit" hospital, but it is run as close to a "for profit" goal as possible.As a result of...
-
Step 3. Determining network configuration The office network uses dynamic addressing. Your next step is to verify that workstations are using this service. You are also requested to find some key...
-
The manager of a local convenience store is expanding his line of small toy items. To price these new items, the manager is looking at the prices being charged by competing retailers in his area. For...
-
Consider a random sample of size n from a continuous distribution having median 0 so that the probability of any one observation being positive is .5. Disregarding the signs of the observations, rank...
-
A particular airline has 10 a.m. flights from Chicago to New York, Atlanta, and Los Angeles. Let A denote the event that the New York flight is full and define events B and C analogously for the...
-
The article "Birth Order and Political Success" (Psych. Reports, 1971: 1239-1242) reports that among 31 randomly selected candidates for political office who came from families with four children, 12...
-
Atlantic, Inc., plans to issue \(\$ 700,000\) of nine percent bonds that will pay interest semiannually and mature in ten years. Assume that the effective interest is eight percent per year...
-
On December 31, 2017, Blair Company issued \(\$ 600,000\) of 20 -year, 11 percent bonds payable for \(\$ 554,861\), yielding an effective interest rate of 12 percent. Interest is payable semiannually...
-
On December 31, 2017, Green Company issued \(\$ 600,000\) of 15 -year, ten percent bonds payable for \(\$ 517,411\), yielding an effective interest rate of 12 percent. Interest is payable...
Study smarter with the SolutionInn App