BSOP 209 Operations Analysis

BSOP 209 Week 1 Homework Assignment

BSOP 209 Week 2 Homework Assignment
BSOP 209 Week 2 Quiz
BSOP 209 Week 3 Homework Assignment
BSOP 209 Week 3 Case Study 1
BSOP 209 Week 4 Quiz
BSOP 209 Week 5 Linear Programming Concept Paper
BSOP 209 Week 5 Homework Problems
BSOP 209 Week 6 Homework Problems
BSOP 209 Week 6 Quiz
BSOP 209 Week 7 Case Study 2
BSOP 209 Week 8 Final Exam

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BSOP 209 Week 8 Final Exam

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BSOP 209 All Homework Questions Week 1 - 7
Week 1 Homework
Complete the following problems from Chapter 4 in your text. The Homework Problems Rubric is in Doc
Sharing.
Problem 4.2 a, b and c
Problem 4.6 a, b and c
Problem 4.9 a, b, c and d
Submit your assignment to the Dropbox located on the silver tab at the top of this page.
Week 2 Homework
Chapter 4 Forecasting, Homework
4.24 Howard Weiss, owner of a musical instrument distributorship, thinks that demand for bass drums may be

related to the number of television appearances by the popular group Stone Temple Pilots during the previous
month. Weiss has collected the data shown in the following table:..................................
a) Graph these data to see whether a linear equation might describe the relationship between the groups
television shows and bass drum sales.
b) Use the least-squares regression method to derive a forecasting equation.
c) What is your estimate for bass drum sales if the Stone Temple Pilots performed on TV nine times last month?
d) What are the correlation coefficient (r) and the coefficient of determination (r2) for this model, and what do
they mean?
4.46 Thirteen students entered the business program at Hillcrest College 2 years ago. The following table
indicates what each student scored on the high school SAT math exam and their grade-point averages (GPAs)
after students were in the Hillcrest program for 2 years..........................................
a) Is there a meaningful relationship between SAT math scores and grades?
b) If a student scores a 350, what do you think his or her GPA will be?
c) What about a student who scores 800?
Week 3 Homework
S7.17
Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new
equipment. Two vendors have presented proposals. The fixed costs for proposal A are $50,000, and for proposal
B, $70,000. The variable cost for A is $12.00, and for B, $10.00. The revenue generated by each unit is $20.00.
a) What is the break-even point in units for proposal A? What is the break-even point in units for proposal
B?
S7.18 Using the data in Problem S7.17:
a) What is the break-even point in dollars for proposal A if you add $10,000 installation to the fixed cost?
b) What is the break-even point in dollars for proposal B if you add $10,000 installation to the fixed cost?

S7.30 What is the net present value of an investment that costs $75,000 and has a salvage value of $45,000? The
annual profit from the investment is $15,000 each year for 5 years. The cost of capital at this risk level is 12%.
S7.31 The initial cost of an investment is $65,000 and the cost of capital is 10%. The return is $16,000 per year
for 8 years. What is the net present value?
Week 4 Homework
Game 1
Game 2
Game 3
Game 4
Game 5
Forecasting Model
Week 5 Homework
Linear Programming Homework Problem
B.1 Solve the following linear programming problem graphically:
Maximize Profit P = 4 X + 6Y
Subject to:
X + 2Y < = 8
5X + 4Y < = 20
X, Y > = 0
B.2 Solve the following linear programming problem graphically:
Maximize Profit P = X + 10Y
Subject to:
4X + 3Y < = 36
2X + 4Y < = 40
Y<=3
X, Y > = 0
BSOP 209 Week 2 Quiz; Linear Regression, Correlation, and Forecast Error
1. Question: (TCO 1) For a moving average forecast to be of any use to us, what assumption must be true?
2. Question: (TCOs 3 and 4) In a regression equation, what is y hat?
3. Question: (TCOs 1 and 2) Given the following data, calculate the two-year moving averages for years 5
through 10.
4. Question: (TCOs 3, 4 and 5) While conducting an accounting audit of their finished goods inventory,
Farmer's Market clerks were able to construct the following data one of their nonseasonal baskets. (a) Use trend
projection to estimate the relationship between time and sales (state the equation). (b) Calculate forecasts for the
first four months of the next year
BSOP 209 Week 4 Quiz; Waiting - Line Models and Linear Programming
1. Question: (TCO 6) What is the first step in solving a break-even analysis using a graphic approach?
2. Question: (TCO 7) Define NPV.
3. Question: (TCO 9) What limits the use of a graphical solution to LP?
4. Question: (TCO 8) What are the three parts of a wait-line system?
5. Question: (TCO 8) In reference to queuing, what is a limited or finite population?
6. Question: (TCO 8) What does FIFO mean?
7. Question: (TCO 8) Describe or define a negative exponential-probability distribution.
8. Question: (TCO 8) Which waiting-line model has a dependent relationship between the length of the queue
and the arrival rate?
9. Question: (TCOs 6 and 7) XYZ plating is going ahead on an expansion project. They will be able to earn
$300 per hour and run 3,000 hours per year. What is the net present value for the next five years with an interest
rate of 6%?
BSOP 209 Week 6 Quiz
1. Question: (TCO 14) Briefly discuss the decision methods used when there is complete uncertainty as to
which state in a decision environment may occur. (Points : 10)
2. Question: (TCOs 10,11 and 12) Chad's Pottery Barn has enough clay to make 24 small vases or 6 large
vases. He has only enough of a special glazing compound to glaze 16 of the small vases or 8 of the large vases.
Let X1 = the number of small vases and X2 = the number of large vases.
The smaller vases sell for $3 each, and the larger vases would bring $9 each.
3. Question: (TCO 13, 14) XYZ coating company has reviewed four new processes for improving their coating
line. The four processes, labeled A, B, C, and D use different technology and have different capacities. All the
processes have the same level of production and the lifetime.
BSOP 209 Week 8 Final Exam
Page 1.1. (TCO 8) What are the three parts of a wait-line system? (Points : 15)
2. (TCO 9) What is the objective function of LP? (Points : 15)
3. (TCO 11 & 12) What are two of the steps in a simplex maximization problem? (Points : 15)
4. (TCO 10) What will happen if the right-hand side of a constraint is changed? (Points : 15)
5. (TCO 15 & 16) What are three of the basic steps that both PERT and CPM follow? (Points : 15)
6. (TCO 16) What is a "dummy activity?" (Points : 15)
7. (TCO 3, 4, & 5) What is the formula for linear regression? Define each part. (Points : 15)
8. (TCO 1) What are the four qualitative forecasting approaches that are available to us? (Points : 15)
9. (TCO 6) Describe the "revenue junction." (Points : 15)
10. (TCO 8) What are the three parts of a typical queuing system? (Points : 15)
11. (TCO 8) When designing a waiting line system, what "qualitative" concerns need to be considered?
12. (TCO 8) What is the expected value with perfect information? (Points : 15)
Page 21. (TCO 1 &2) What is the forecast for Aug based on a weighted moving average applied to the
following past demand data and using the weights: 5, 3, 1.5? (largest weight is for most recent data)
2. (TCO 3, 4, and 5) The XYZ Paint Shop owns and operates a dozen shops in southern Iowa. Their signature
paint is black epoxy. Sales (X, in millions of dollars) is related to Profits (Y, in hundreds of thousands of dollars)
by the regression equation Y = 6.321 + 0.65X. What is your forecast of profit for a store with sales of $25
million? $65 million? (Points : 30)
3. (TCO 6 and 7) A product is currently made in a job shop, where fixed costs are $4,500 per year and variable
cost is $10 per unit. The firm sells the product for $70 per unit. What is the break-even point for this operation?
What is the profit (or loss) on a demand of 220 units per year? (Points : 30)
4. (TCO 13, 14) XYZ coating company has reviewed four new processes for improving their coating line. The
four processes, labeled A, B, C, and D use different technology and have different capacities. All the processes
have the same level of production and the lifetime.
The four states of nature represent four levels of consumer acceptance of the firm's products. Values in the table
are net present value of future profits in millions of dollars.
Forecasts indicate that there is a 0.4 probability of acceptance level 1, 0.3 chance of acceptance level 2, 0.6
chance of acceptance level 3, and 0.5 change of acceptance level 4..Using the criterion of expected
monetary value, which production alternative should be chosen? (Points : 30)