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Jensen Tire & Auto is deciding whether to purchase a maintenace contract for its new computer wheel alignment and balancing machine. Managers feel that maintenance expense should be related to usage, and they collected the data in the above excel sheet. The excel sheet lists information about the weekly usage (in hours) and the corresponding annual maintenance expense (in hundreds of dollars).

1) Use the data to develop an estimated regression equation that could be used to predict the annual maintenance expense in hundreds of dollars (y) for a given number of hours of weekly usage (x). Based on the results of your regression, is there likely a relationship between usage and maintenance expense?

Usage Expense
13 17.0
10 22.0
20 30.0
28 37.0
32 47.0
17 30.5
24 32.5
31 39.0
40 51.5
38

40.0

2) What is the p-value corresponding to a t test that you could use to determine your answer to the previous question? (Round your answer to four decimal places. Be sure to enter a numeric answer with no words.)

3) How much of the variation in the sample values of annual maintenance expense (in %) does the estimated regression model explain? (Round your answer to one decimal place. Enter a numeric answer with no words, and no special characters such as !, %, etc.)

 
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Important Note: Use brief/short answers and a avoid long descriptions to complete your exam and revise your answers on time. Section 1: Operations strategy (10 points) Q1. Based on your understanding, define “Operations Management” (2 points) Q2. Consider the case of Netflix, what the most appropriate type of strategy to describe Netflix’s operations strategy and justify your choice. (2 Point) Q3. Consider the four different types of international operations strategy, select the most appropriate international operations strategy that describe the case of Netflix, and justify your choice. (2 Point) Q4. Describe the terms “Key Success Factors” and “Core Competencies” (2 points) Q5. List two advantages and two disadvantages for outsourcing (2 points)
 
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  1. Martha Manufacturing a product through three separate production lines “A”, “B” and “C”. Costs for producing a product through each line as well as maximum outputs of each line and fixed cost associated with setting up the line is shown below:

Production line

Cost per unit

Maximum production

Fixed cost

A

1.5

28

150

B

1.0

32

170

C

1.25

25

160

The company has received an order of 60 units to be produced.

Model the problem for optimum number of products to be made from each production line.

  1. Formulate a linear programming model for maximizing total profit contribution. (7 marks)
  1. Solve the linear program formulated in part (a). How much of each product should be produced, and what is the projected total profit contribution? (7 marks)

**Note that you need to submit your excel document to get credit for this part. please attach the formula for each section and please do it asap


 
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In an online game, N blocks are arranged in a hierarchical manner. Each block is given an ID from 1 to N. A block may be further connected to other blocks. All the blocks are connected by N-1 connections. Each block is assigned a specific point value. A player starts from a block (S). She must move forward from each block to a directly connected block until she reaches the final block, which has no further connection. When the player lands on a block, she collects the point value of that block. The player’s score is calculated as the product of block points that the player collects. The player who earns the maximum score wins the game. Write an algorithm to find the maximum score of the winner.
 
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