- Assessment: Financial Performance Evaluation of Savory Snacks Company Ltd for Credit
- CMI L5 Assignment: Managing Stakeholder Relationships: Strategies, Challenges, and Best Practices
- Level 3 Unit 2 Assignment: Principles, Values and Regulation in the Health and Social Care Sector
- COM4006 Assignment: Introduction to Academic Skills and Professional Development
- Assessment: Managing Organisational Change: Evaluating Strategies, Challenges, and Impact
- UNIT CMI 706 Assignment: Finance for Strategic Leaders: The Role, Scope, and Impact of Finance
- ENGINEERING DESIGN TMA2 v1: CAD Design Report: Specification, Evaluation & Drawings
- Unit CMI 514 Assignment: Analysis of Organisational Change: Managing Change
- EMS402U TMA1: Engineering Design Solutions: Concept Development & Assessment
- LEVEL 3 UNIT 31: Effective Project Management (International BTEC )
- ILM Level 4 ASSIGNMENT: Managing equality and diversity in own area
- CMI 504 Assessment: The Rationale For Managing Performance Within Organisations
- Level 7 Unit 03 Assignment: Leading a Strategic Management and Leadership
- LO:01, LO:02 (MSCCO01) Managing Innovation and Change in Computing
- CMI Level 6 Certificate in Professional Management and Leadership
- Financial Accounting: Double-Entry Bookkeeping, Journals, Ledgers, and Trial Balance Preparation
- Assignment 1: Understand and Work with a Wide Range of Stakeholders and Organisational Structures
- CMI 526 Assessment: Principles of Leadership Practice
- Promoting Health, Wellbeing, and Inclusive Care in Health and Social Care Settings
- MID4022 Legal and Ethical Professional Principle in Midwifery
MANG6046 Advise the Smith family on how many livestock they should buy and what acreage of the different crops they should plant to maximize: Optimization and Decision Modelling Assignment, UOS, UK
| University | University of Southampton (UOS) |
| Subject | MANG6046 Optimization and Decision Modelling Assignment. |
a) Advise the Smith family on how much livestock they should buy and what acreage of the different crops they should plant to maximize their net wealth at the end of the next year.
b) They are interested in how much they should be willing to pay for any farmland that may become available to rent over the coming winter.
c) They are concerned that the price of cows may not stay at £2,000, but may vary between £1,000 and £3,000. What are the strategies they need to adopt if the prices change in this range and what affect will it have on the net wealth?
d) It is felt that Phil Bowman, the patriarch of the family cannot go on working much longer. This would cut their available labour to 3,000 and 3,500 hours in the winter/spring and summer/autumn, respectively. What effect will this have on their plans, and should they seek to employ someone in his place? If so, what sort of hours and wage levels should they offer?
e) A bank is offering to lend them money at a special rate of 10% to purchase more livestock beyond the £21,000 they had set aside. Should they take advantage of this?
f) They could build an extension to the milking parlour at a cost of £3,000 for each extra pair of cows it can take. How large an extension, if any extension at all should be built?
g) The details on the above table for crops grown reflect the situation if there are no large-scale frosts that delay the spring sowing. If there are late frosts, the resultant data would be:
Do You Need Assignment of This Question
“UK students tackling the complexities of coursework at the University of Southampton (UOS) seek our expertise in MANG6046 Optimization and Decision Modelling Assignments. Our Essay Writing Services and assignments help offer tailored solutions, empowering students to excel in their studies effortlessly.”
Answer
