Answer:
Step A: We will first formulate the given problem as an LP model:
Decision Variable:
Let x1 = No. of Standard Bags, and x2 = No. of Delux Bags
Objective Function:
As the objective is to maximize the total profit, the objective function =
MaxZ = 10x1 + 4x2
Subject to Constraints:
0.5 x1 + x2 ≤ 300 (Hours available for cutting and dying)
x1 + 0.67x2 ≤ 480 (Hours available for Sewing and Finishing)
x1,x2 ≥ 0
Step B: Solve the LP Model:
As no specific information is mentioned in the question, we will solve this LP using the Simplex Method:
Step 1: The problem is converted to canonical form by adding slack, surplus and artificial variables as appropriate
1. As the constraint-1 is of type '≤' we should add slack
variable S1
2. As the constraint-2 is of type '≤' we should add slack variable
S2
Step 2: Prepare the first Iteration table as mentioned below:
We will find the iterations till we arrive Zj-Cj ≥ 0
Negative minimum Zj-Cj is -10 and its column index is 1. So, the entering variable is x1.
The minimum ratio is 480 and its row index is 2. So, the leaving basis variable is S2.
∴ The pivot element is 1.
Entering =x1, Departing =S2, Key Element =1
Step 3: Prepare the second Iteration table as mentioned below:
Since all Zj-Cj ≥ 0
Hence, optimal solution is arrived with value of variables as :
x1= No. of Standard Bags 208.8722 = 480 (Whole
Number),
x2 = No. of Delux Bags = 0 (Whole Number)
Max Z= 10 (480) + 8 (0) = 4800 $
% Problem B.12 Brief Par, Inc.produces a standard golf bag anda deluxe golfbag on a weekly...
how to graph this?
is this correct?
The aim of the objective function for Par Inc., should be to
Maximize the objective value
Objective function
Max Z = 5S + 8D
Subject to:
(1/2)S + 1D <= 300 (C1)
1S + (2/3)D <= 420 (C2)
a) The optimum solution is
S = 330
D =135
b) Optimal solution value 'z' = 2730
Par, Inc., produces a standard golf bag and a deluxe golf bag on a weekly basis. Each golf...
Below is the Sensitivity Report for Par Inc. In which departments would you not investigate whether it was possible to increase the available hours? Variable Cells Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease $B$14 Bags Produced Standard 540 0 10 3.5 3.7 $C$14 Bags Produced Deluxe 252 0 9 5.286 2.33 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H. Side Increase Decrease $B$19 Cutting and Dyeing Hours Used 630 4.375 630 52.364...
Let PS and PD represent the prices charged for each standard golf bag and deluxe golf bag respectively. Assume that “S” and “D” are demands for standard and deluxe bags respectively. S = 2250 – 15PS (8.1) D = 1500 – 5PD (8.2) Revenue generated from the sale of S number of standard bags is PS*S. Cost per unit production is $70 and the cost for producing S number of standard bags is 70*S. So the profit for producing and...
Below is the Sensitivity Report for the Par Inc. What would be the increase in the objective function if 10 additional hours were available in the Finishing Department? Enter your answer without a dollar sign and rounded to two decimal places. Microsoft Excel 16.0 Sensitivity Report Worksheet: [Par.xlsx]Model Report Created: 3/1/2018 4:16:53 PM Variable Cells Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease $B$14 Bags Produced Standard 540 0 10 3.5 3.7 $C$14 Bags Produced Deluxe...
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12. a-d and 13. a-d
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QUESTION 26 1 points Save Answer If the per unit profit associated with each pair of deluxe gloves is increased by $5, what is the impact on the optimal solution and on the total profit? Objective Cell (Max) Name Cell Original Value Final Value SBS4 Objective Function (Maximize Profit) 294 Variable Cells Cell Name Orginal Value Final Value Integer 24 Contin SBSI X11# of standard goes) X2 ( ะ of de luxe doves) SBS2 14 Contirn Constraints Cell Value Cell...