I need the answer to include solver and excel. Thank you.
x1: Number of units of product 1 to produce.
x2: Number of units of product 2 to produce.
Product 1, x1 |
Product 2, x2 |
Available |
Penalty |
||
Labor: |
4 Hours |
2 Hours |
32 Hours |
$2 / overtime |
|
$1 / unused |
|||||
Profit: |
$4 |
$2 |
$48 |
$1 / dollar short |
|
Requirement: |
At least 7 units |
At least 10 units |
|||
Penalty: |
$5 / shortage |
$5 / shortage |
Constraints:
4x1 + 2x2 + S1- - S1+ = 32
x1 + S2- - S2+ = 7
x2 + S3- - S3+ = 10
I need the answer to include solver and excel. Thank you. A Company produces two products....
Rocket Computers is a local computer hardware company. They specialize in ordering computer components from manufacturers and assembling the components into a computer that can be sold in stores. They currently have two products on the market and the relevant information for each product is given in the table below. Rocket Computers has a goal of achieving $4800 in profits and incurs a $10 penalty for each dollar it falls short of this goal. The company has 32 hours of...
Rocket Computers is a local computer hardware company. They specialize in ordering computer components from manufacturers and assembling the components into a computer that can be sold in stores. They currently have two products on the market and the relevant information for each product is given in the table below. Rocket Computers has a goal of achieving $4800 in profits and incurs a $10 penalty for each dollar it falls short of this goal. The company has 32 hours of...
Alan Industries is expanding its product line to include three new products: A, B, and C. These are to be produced on the same production equipment, and the objective is to meet the demands for the three products using overtime where necessary. The demand forecast for the next four months, in hours required to make each product is: PRODUCT APRIL MAY JUNE JULY A 800 600 800 1,200 B 600 700 900 1,100 C 700 500 700 850 Because the...
(Provide formula without using Excel Solver , because i need to do this question in exam without using any software ) 11. The distribution system for the Herman Company consists of three plants, two warehouses, and four customers. Plant capacities and shipping costs per unit (in S) from each plant to each warehouse are as follows: Warehouse Plant Capacity 450 600 6 380 Customer demand and shipping costs per unit (in $) from each warehouse to each customer are as...
Use the 'Solver' add in on excel to formulate the constraints The Clarke Special Parts Company manufactures three products: A, B, and C. Three manufacturing centers are necessary for the production process. Product A only passes through Centers 1 and 2; Products B and C must pass through all three manufacturing centers. The time required in each center to produce one unit of each of the three products is noted as follows: X1 X2 X3 Z Profit Constraints Center 1...
Use Excel/Solver add in for accurate answers. Problem 3-19 (Algorithmic) Better Products, Inc., manufactures three products on two machines. In a typical week, 40 hours are available on each machine. The profit contribution and production time in hours per unit are as follows: Category Product 1 Product 2 Product 3 Profit/unit $39 $51 $18 Machine 1 time/unit 1.5 Machine 2 time/unit Two operators are required for machine 1; thus, 2 hours of labor must be scheduled for each hour of...
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...
The Primo Insurance Company is introducing two new product lines: special risk insurance and mortgages. The expected profit is $5 per unit on special risk insurance and $2 for mortgages. Management wishes to establish sales quotas for the new product lines to maximize total expected profit. The work requirements are shown below: Work Hours Per UnitDepartmentSpecial RiskMortgageWork-Hours AvailableUnderwriting322400Administration01800Claims201200(c) Formulate and solve a linear programming model for this problem on a spreadsheet using the format below to develop your own spreadsheet; when...
The profit function for two products is Profit = -3x,? + 42x4 - 3x2? + 46x2 + 700, where x, represents units of production of product 1 and xz represents units of production of product 2. Producing one unit of product 1 requires 4 labor-hours and producing one unit of product 2 requires 6 labor-hours. Currently, 24 labor-hours are available. The cost of labor-hours is already factored into the profit function. However, it is possible to schedule overtime at a...
1. A small computer manufacturing company pro. duces both laptop and desktop computers. The production of a laptop computer requires 4 hours of assembly and 1 hour of testing time. The pro- duction of a desktop computer requires 4 hours of assembly and 1.5 hours of testing time. The profit margin for a laptop computer is $400, and the profit margin for a desktop computer is $500. There are a total of 5,000 hours of assembly time and 1,000 hours...