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DECISION SUPPORT SYSTEMS;The owner of a hardware store wants to design a decision support system to predict how many and...

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DECISION SUPPORT SYSTEMS;The owner of a hardware store wants to design a decision support system to predict how many and which type of nails she should sell and what information she will need to do so. The scenario is described below;Consider that you offer six types of nails and can make as many as you need of each. These are;4-inch nails;3.5-inch nails;3-inch nails;2.5-inch nails;2-inch nails;1.5-inch nails;The cost of making each type of nail depends on how big the nail is. The costs and selling prices are listed in the table below along with the weights. The nails will be sold in boxes of up to 30 nails. There must be no more than 10, but no fewer than 5, of each of three types of nails in each box. The nails in each box should weigh no more than 20 ounces. You?re looking for the combination with the highest profit using a trial-and-error method. A spreadsheet would be helpful for completing this project. You?ll most likely find that you identify some promising paths to follow right away and will concentrate on those to reach the best one.;NAIL;WEIGHT (in ounces);COST (in cents);SELLING PRICE (cents);4-inch;1.00;4.0;8;3.5-inch;0.85;3.5;6;3-inch;0.70;3.0;5;2.5-inch;0.50;2.5;4;2-inch;0.25;2.0;3;1.5-inch;0.10;1.5;2

 

Paper#68514 | Written in 18-Jul-2015

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