First derive objective
function from question
Then derive constraints and solve it
plot graph with the solution
The mutal area is the place where objecive fuunction satisfies
Ouestion (2): Manufacturing company produces two lines of its products, the super and regular. Resource requirements...
Exercise 2 Linear Programming 1. The Scrod Manufacturing Co. produces two key items – special-purpose Widgets (W) and more generally useful Frami (F). Management wishes to determine that mix of W & F which will maximize total Profits (P). Data W F Unit profit contributions $ 30 $ 20 Demand estimates (unit/week) 250 500 Average processing rates – each product requires processing on both machines (units/hour) Machine #1 2 4 Machine #2 ...
A factory manager wishes to determine a production plan for four products to maximise profits. Two production lines are available, at most one of which should be used. Line one offers 1,800 minutes of capacity and has a setup charge of 800. Line two offers 2,400 minutes of capacity and has a setup charge of 1,000. The price and processing capabilities per line for the products are shown in Table 1. Demand for product 1 is at least 100, and...
A company produces two products on two machines. •A unit of Product 1 requires 2 hrs on machine 1 and 1 hr on machine 2. •For Product 2, a unit requires 1 hr on machine 1 and 3 hrs on machine 2. •The profitper unit of Products 1 and 2 are $30 and $20, respectively. •The total weeklyprocessing time available for each machine is 80hrs. Question 1: Let x be the number of units produced for Product 1 and y...
Humax Manufacturing produces two popular grades of commercial synthetic grass among its many other products. In the coming production period, the manager needs to decide how many rolls of each grade should be produced to maximize profit. Each roll of Grade X grass carpet uses 50 units of synthetic grass fiber, requires 25 hours of production time, and needs 20 units of foam backing. Each roll of Grade Y grass carpet uses 40 units of synthetic grass fiber, requires 28...
Sensitivity Analysis Question: A chemicals company produces two main products, C and B. The market price of C is £205 and that of B is £155 per 100 kg. The resource requirements for producing 100 kg of each of the two products are: Cost of Process 1 Process 2 Materials Labour Labour £ Hours Hours C 75 4 5 B 60 5 2.5 Labour in Process 1 costs £9 per hour. Labour in Process...
EC, an engineering company, produces tools and components to customers' specific requirements. EC uses absorption costing to absorb overheads into the cost of each customer order. Selling prices are usually determined by adding a 30% mark up to the costs incurred in completing the order. EC has recently been asked to provide a quotation for a new customer. The details of the work have been discussed at a meeting with the customer and the following resource requirements have been determined....
QUESTION ONE [20] EC, an engineering company, produces tools and components to customers' specific requirements. EC uses absorption costing to absorb overheads into the cost of each customer order. Selling prices are usually determined by adding a 30% mark up to the costs incurred in completing the order. EC has recently been asked to provide a quotation for a new customer. The details of the work have been discussed at a meeting with the customer and the following resource requirements...
Analytical Thinking [LO4-2, LO4-3, LO4-4] "Two dollars of gross margin per briefcase? That's ridiculous!" roared Roy Thurmond, president of First-Line Cases, Inc. "Why do we go on producing those standard briefcases when we’re able to make over $9 per unit on our specialty items? Maybe it’s time to get out of the standard line and focus the whole plant on specialty work." Mr. Thurmond was referring to a summary of unit costs and revenues that he had just received from...
Scenario: Styles Wing Bicycle Company manufactures and sells 2 sizes of bicycles, 21.5 inch and 22.5 inch. Sales Their sales team has committed to the following projected monthly unit sales for the next year. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 21.5 Bike 368 472 633 616 443 345 322 317 317 317 328 22.5 Bike 320 410 550 535 385 300 280 275 275 275 285 Dec 420 365 The selling price for the 21.5...
How can we assess whether a project is a success or a
failure?
This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...