Nov 29, 2020 POM-QM for Windows (Version 4) is developed by Prentice-Hall. The most popular version of this product among our users is 4.0. The name of the program executable file is pomqm4Start.exe. The product will soon be reviewed by our informers. POM-QM for Windows, V4; Note: If you are enrolled in a myomlab course that uses either the Heizer or Krajewski textbook then you can download version 4 from the download center of your myomlab course. Download the POM/QM/POM-QM for Windows Update! Solving Goal Programming Model using POM-QM.ppt. Dr AREWA AJIBOLA. Financial Statement Management, Liability Reduction and Asset Accumulation: An.
Downloads and Support for POM-QM for Windows
The installations below are only for updating the software. You must have the original, licensed version already installed on your computer for the updates to work.
Direct support through e-mail: If you have technical questions about the software, contact Howard Weiss at hweiss@comcast.net.
Note: It is not possible to upgrade from one version number to another.
Mac Users: In order to run POM for Windows on a Macintosh you need to install Parallels (http://www.parallels.com) and Windows. Journeyed.com has very good prices for students and faculty.
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| POM-QM for Windows, V5 |
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Please see the companion page for your textbook or the MyLab Operations Management download center for the latest version! |
| VERSION 4 |
| POM-QM for Windows, V4 |
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Download the POM/QM/POM-QM for Windows Update! You must have the original program (POM for Windows, QM for Windows, or POM-QM for Windows) installed in order for the upgrade to function. |
| VERSION 3 |
| POM-QM for Windows, V3 |
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Download the POM/QM/POM-QM for Windows Update! You must have the original program (POM for Windows, QM for Windows, or POM-QM for Windows) installed in order for the upgrade to function. |
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ratio (called the current ratio) is 20,000/10,000 = 2.GoodBuy must determine how many cell phones and recorders should be produced during December. Demand is large enough to ensure that all goods produced will be sold. All sales are on credit, however, and payment for goods produced in December will not be received until February 1, 2009. During December, GoodBuy will collect $2000 in accounts receivable, and GoodBuy must pay off $1000 of the outstanding loan and a monthly rent of $1000. On January 1, 2009, GoodBuy will receive a shipment of raw material worth $2000, which will be paid for on February 1, 2009.
GoodBuy’s management has decided that the cash balance on January 1, 2009 must be at least $4000. To maintain its current favorable credit status, GoodBuy’s bank requires that the current ratio at the beginning of January be at least 2. To maximize the contribution to profit from December production, (revenues to be received – variable production costs), what should GoodBuy produce during December?
Recorders | |
$100 | |
Labor Cost | $35 |
$30 |
Pom Qm 5
| Assets | Liabilities |
| Cash | $10,000 |
| Accounts Receivable1 | $3,000 |
| Inventory Outstanding2 | $7,000 |
| Bank Loan | $10,000 |
1 – Accounts receivable is money owed to GoodBuy by customers who have previously purchased GoodBuy products.
2 – Value of December 1, 2008 inventory = 30(100) + 40(100) = $7000.
Deliverables:
- A complete algebraic formulation of the linear programming model. This should include a description of the decision variables and an explanation of the objective function and constraints.
- Computer output of your solution and ranging from POM-QM. This must be printed from POM-QM.
- A report (MS-Word document) to management describing your objective and production plan. The report should be written clearly, concisely, and accurately. It should fit on a single page. Many young professionals believe that they will be evaluated entirely on whether the numbers are right and this is simply not true. Managers are busy people who have little time or patience to wade through poorly written reports. You will be graded on both grammatical and technical accuracy.
- You must determine how many cell phones and digital recorders to produce during December. Thus, you should define:
X1 = number of cell phones produced during December
X2 = number of digital recorders produced during December
- There are two constraints based on the availability of raw materials. In addition, GoodBuy faces the following two constraints:
- Cash on hand on January 1, 2009 must be at least $4000.
January 1 cash on hand = December 1 cash on hand
+ accounts receivable collected during December
- portion of loan repaid during December – December rent
– December labor costs.
- (January 1 assets)/(January 1 liabilities) ≥ 2 must hold.
January 1 asset position = January cash position
+ January 1 accounts receivable + January 1 inventory position.
January 1 cash position = 10,000 – 50x1 – 35x2
January 1 accounts receivable = December 1 accounts receivable
+ accounts receivable from December sales
Pom-qm
- accounts receivable collected during December.Download Dan Instal Aplikasi Pom-qm
Value of January 1 inventory = value of December 1 inventory- value of inventory used in December
Pom-qm In Excel
+ value of inventory received on January 1.
January 1 liabilities = December 1 liabilities – December loan payment
Pom Qm Windows
+ amount due on January 1 inventory shipment.
Your mathematical result should be:
X1 = 50 cell phones
X2 = 100 digital recorders
Maximum profit = $2500.