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Week 11 - Homework - Spring 2025 - Second Half (tugas)

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1 views

Week 11 - Homework - Spring 2025 - Second Half (tugas)

Uploaded by

Aziz Creator
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DATA ANALYTICS

SPRING 2025
Instruction:

1. Work the problems using excel and solver


2. Explain your answers and copy your model from excel spreadsheet to the word document
3. Include your excel file when submitting the homework

Problem 1 (20%)

Winkler Furniture manufactures two different types of China cabinets: a French Provincial model and a
Danish Modern model. Each cabinet produced must go through three departments: carpentry, painting,
and finishing. The table on this page contains all relevant information concerning production times per
cabinet produced and production capacities for each operation per day, along with net revenue per unit
produced. The firm has a contract with an Indiana distributor to produce a minimum of 300 of each
cabinet per week (or 60 cabinets per day). Owner Bob Winkler would like to determine a product mix to
maximize his daily revenue.

1. Formulate as an LP problem.
2. Solve using an LP software program or spreadsheet.

Problem 2 (20%)

The Heinlein and Krampf Brokerage firm has just been instructed by one of its clients to invest
$250,000 of her money obtained recently through the sale of land holdings in Ohio. The client
has a good deal of trust in the investment house, but she also has her own ideas about the
distribution of the funds being invested. In particular, she requests that the firm select what-
ever stocks and bonds they believe are well rated but within the following guidelines:

• Municipal bonds should constitute at least 20% of the investment.


• At least 40% of the funds should be placed in a combination of electronic firms,
aerospace firms, and drug manufacturers.
• No more than 50% of the amount invested in municipal bonds should be placed in a
high-risk, high-yield nursing home stock.

Subject to these restraints, the client’s goal is to maximize projected return on investments. The
analysts at Heinlein and Krampf, aware of these guidelines, prepare a list of high-quality stocks
and bonds and their corresponding rates of return:

1. Formulate this portfolio selection problem using LP.


2. Solve this problem.

Problem 3 (20%)

The management of the Executive Furniture Corporation decided to expand the production
capacity at its Des Moines factory and to cut back the production capacities at its other two
factories. It also recognized a shifting market for its desks and revised the requirements at its
three warehouses. The table on this page provides the requirement at each warehouse, the
capacity at each factory, and the shipping cost per unit to ship from each factory to each
warehouse. Find the least-cost way to meet the requirements given the capacity at each
factory.

Problem 4 (20%)

Motorcross of Wisconsin produces two models of snowmobiles, the XJ6 and the XJ8. In any
given production-planning week, Motorcross has 40 hours available in its final testing bay. Each
XJ6 requires 1 hour to test and each XJ8 takes 2 hours. The revenue (in $1,000s) for the firm is
nonlinear and is stated as (Number of XJ6s) X (4 − 0.1 number of XJ6s) + (Number of XJ8s) X (5 −
0.2 number of XJ8s). The CEO asked you to maximize the revenue by optimizing how we use our
valuable resources.

(a) Formulate this problem.

(b) Solve using Excel.

Problem 5 (20%)

There is a downtrend in the utilization of areas to plant and harvest Oat in the United States.
United State Department of Agriculture (USDA) is wanting to analyze the probability of these
areas will fall below the safe level—1400 acres. If the percentage of that happening is high
(more than 10%), USDA will have to create an incentive plan to increase the size of the land
used to plant Oat. If the percentage of underutilization is between five to ten percent (5 – 10%),
USDA will create an awareness program to help increase land usage. USDA will not do any
intervention if the chance of underutilization is below 5%. Analyze the data below using Monte
Carlo simulation and advise USDA on what they need to do.

Mean Standard Deviation


Arkansas 10 0.5
California 100 7.2
Georgia 80 5.5
Idaho 50 3.5
Illinois 60 4.8
Iowa 130 25.7
Kansas 115 9.7
Maine 22 2.4
Michigan 55 15.8
Minnesota 180 37.1
Missouri 50 14.6
Montana 60 7.1
Nebraska 120 2.7
New York 55 1.8
North Carolina 33 3.5
North Dakota 355 11.8

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