16. 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 Person West South East North Alemu 50 40 35 42 Abdi 35 30 29 27 Chaltu 28 40 25 38 Ahmed 26 35 30 34 Required: a. Form the general linear programing/ the standard form. b. Find the assignment schedule that maximizes expected sales revenue. c. What is the expected total reven
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Form the general linear programming/ the standard form. Let's denote the assignment of salesperson i to region j as x_ij. For example, x_11 represents the assignment of Alemu to the West region, x_12 represents the assignment of Alemu to the South region, and so Show more…
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Refer to Problem $54 .$ The company makes a profit of 50 dollars on each table and a profit of 15 dollars on each chair. (A) If the company makes 20 tables and 20 chairs per day, the daily profit will be 1,300 dollars. Are there other feasible production schedules that will result in a daily profit of 1,300 dollars? How are these schedules related to the graph of the line $50 x+15 y=1,300 ?$ (B) Find a feasible production schedule that will produce a daily profit greater than 1,300 dollars and repeat part A for this schedule. (C) Discuss methods for using lines like those in parts $\mathrm{A}$ and $\mathrm{B}$ to find the largest possible daily profit.
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A large restaurant purchases cakes daily from a local bakery. The cake costs ₹10 each and sells at ₹15 each. If the cakes are not sold on the same day, they are sold in another outlet for ₹8. The relative frequency distribution for the restaurant sales is as below: Daily Sales (dozens): 30 31 32 33 34 35 36 Relative Frequency: 0.01 0.09 0.16 0.25 0.30 0.11 0.08 You are required to state: i) The optimum quantity which the restaurant should purchase to maximize the expected profit. ii) How much the owner could afford to pay for perfectly correct information of sales?
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