A branch of mining company plans to sell two types of GRANITE at costs of $250/ton...
A branch of mining company plans to sell two types of GRANITE at
costs of $250/ton and $400/ton, respectively. The $250/ton product
yields a profit of $40 and the $400/ton product yields a profit of $55.
The company estimates that the total monthly demand of Granite will
not exceed 250 tons. Find the number of tons of each product that
should be stocked in order to maximize the profit. Assume that the
company does not want to invest more than $100,000 in this quarry.
Homework Answers
Objective function refers to the function that is either maximized or minimized. The constraints may be equalities or inequalities. So, in linear programming problems, linear objective functions are minimized or maximized which is subject to linear constraints. Thus, in a linear programming problem the objective function and the constraints must be linear functions of the decision variables.
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A branch of mining company plans to sell two types of
GRANITE at
costs of $250/ton...
find the minimum and maximum values of the objective function and where they occur, subject to...
find the minimum and maximum values of the objective function and where they occur, subject to the indicated constraints. (For each problem the graph of the region determined by the constraints is provided.) a. Objective function b. Objective function: z=10x + 7y Constraints: Constraints: x e 0 0 sxs 60 0 s ys 45 5x + 6y 420 5 t (0, 5) 6叶(0.45) 40 20 (60, 20) (30, 45) (0,0) 5,0) 1 2 3 4 5 6 (0, 0) (60,...
Biblio Files Company is making plans for its next fiscal year, and decides to sell two...
Biblio Files Company is making plans for its next fiscal year, and decides to sell two new types of bookshelves, Basic and Deluxe. The company has compiled the following estimates for the new product offerings. Type of Sales Price Variable Cost Bookshelf per Unit per Unit Basic $1.75 $5.00 9.00 Deluxe 8.10 The company is interested in determining how many of each type of bookshelf would have to be sold in order to break even. If we think of the...
QUESTION 5 Stone Company plans to sell 200,000 calculators. The fixed costs are $600,000, and the...
QUESTION 5 Stone Company plans to sell 200,000 calculators. The fixed costs are $600,000, and the variable costs are 60% of the selling price. If the company wants to realize a profit of $120,000, the selling price of each calculator must be: $5.00 $7.50 $9.00 $10.00 QUESTION 6 Brower Company manufacturers and sells one product for $100 per unit. The variable costs per unit are $70, and the monthly total fixed costs are $3,750. Last month Brower sold 100 units...
how? Victor Company makes a single product. The company has monthly fined consta $700.000 Vale costs...
how?
Victor Company makes a single product. The company has monthly fined consta $700.000 Vale costs of 5.30 per unit. Each unit of product is sold for $35. Brevard expects to sell 25.000 min 2. What is the monthly operating profil 19. Refer a chibit $175.000 S675.000 None of the answer claices is correct sales price increases to percent Refer to Exhibit 2. What would be the operating profit if the S112. 23.500 None of the answer choices is correct...
work 6 Saved Sara's Salsa Company produces its condiments in two types: Extra Fine for restaurant...
work 6 Saved Sara's Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Salsa is prepared in department 1 and packaged in department 2. The activities, overhead costs, and driv- associated with these two manufacturing processes and the company's production support activities follow. Process Activity Overhead coat Driver Quantity Department 1 Mixing $ 5,400 Machine hours 1,800 Cooking 11,700 Machine hours 1,800 Product testing 113.400 Batches 600 $130,500 Department 2...
(in Stat 250 introduction to Operation Research ) pls help thanks? 10, n the Ma-and-Pa grocery...
(in Stat 250 introduction to Operation Research
)
pls help
thanks?
10, n the Ma-and-Pa grocery store, shelf space is limited and must be used effectively t o and Whéatie, compete for a tetal shelf space of ase profit. Two cereal item 60 A box of Grano occupies 2 fti2and a box of Wheatie needs 4 fi The maximum Grano nets1.00 profit and a box of Wheatie SL.35, Ma-and-Pa thinks that because the Grano and Wheaue are 200 andú20 boxes,...
Sara's Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family...
Sara's Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Salsa is prepared in department 1 and packaged in department 2. The activities, overhead costs, and drivers associated with these two manufacturing processes and the company's production support activities follow. Process Activity Overhead cost Driver Quantity Department 1 Mixing $ 4,500 Machine hours 1,500 Cooking 11,250 Machine hours 1,500 Product testing 112.500 Batches 600 $ 128, 250 Department 2 Machine...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners—Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Warm Cozy Selling price per pair $8.00 $12.00 Variable expenses per pair $2.00 $6.00 Number of pairs sold monthly 1,200 units 400 units Fixed expenses are $3,510 per month. Required: 1. Assuming the sales mix above, do the following: a. Prepare a contribution format income...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners—Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Warm Cozy Selling price per pair $8.00 $12.00 Variable expenses per pair $2.00 $6.00 Number of pairs sold monthly 1,200 units 400 units Fixed expenses are $3,510 per month. Required: 1. Assuming the sales mix above, do the following: a. Prepare a contribution format income...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm $ 5.00 $ 1.25 ,700 units Cozy $7.50 $ 3.75 900 units 2 Fixed expenses are $3,240 per month. Required: 1. Assuming the sales mix above, do the following: a....
find the minimum and maximum values of the objective function and where they occur, subject to the indicated constraints. (For each problem the graph of the region determined by the constraints is provided.) a. Objective function b. Objective function: z=10x + 7y Constraints: Constraints: x e 0 0 sxs 60 0 s ys 45 5x + 6y 420 5 t (0, 5) 6叶(0.45) 40 20 (60, 20) (30, 45) (0,0) 5,0) 1 2 3 4 5 6 (0, 0) (60,...
Biblio Files Company is making plans for its next fiscal year, and decides to sell two new types of bookshelves, Basic and Deluxe. The company has compiled the following estimates for the new product offerings. Type of Sales Price Variable Cost Bookshelf per Unit per Unit Basic $1.75 $5.00 9.00 Deluxe 8.10 The company is interested in determining how many of each type of bookshelf would have to be sold in order to break even. If we think of the...
how?
Victor Company makes a single product. The company has monthly fined consta $700.000 Vale costs of 5.30 per unit. Each unit of product is sold for $35. Brevard expects to sell 25.000 min 2. What is the monthly operating profil 19. Refer a chibit $175.000 S675.000 None of the answer claices is correct sales price increases to percent Refer to Exhibit 2. What would be the operating profit if the S112. 23.500 None of the answer choices is correct...
work 6 Saved Sara's Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Salsa is prepared in department 1 and packaged in department 2. The activities, overhead costs, and driv- associated with these two manufacturing processes and the company's production support activities follow. Process Activity Overhead coat Driver Quantity Department 1 Mixing $ 5,400 Machine hours 1,800 Cooking 11,700 Machine hours 1,800 Product testing 113.400 Batches 600 $130,500 Department 2...
(in Stat 250 introduction to Operation Research
)
pls help
thanks?
10, n the Ma-and-Pa grocery store, shelf space is limited and must be used effectively t o and Whéatie, compete for a tetal shelf space of ase profit. Two cereal item 60 A box of Grano occupies 2 fti2and a box of Wheatie needs 4 fi The maximum Grano nets1.00 profit and a box of Wheatie SL.35, Ma-and-Pa thinks that because the Grano and Wheaue are 200 andú20 boxes,...
Sara's Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Salsa is prepared in department 1 and packaged in department 2. The activities, overhead costs, and drivers associated with these two manufacturing processes and the company's production support activities follow. Process Activity Overhead cost Driver Quantity Department 1 Mixing $ 4,500 Machine hours 1,500 Cooking 11,250 Machine hours 1,500 Product testing 112.500 Batches 600 $ 128, 250 Department 2 Machine...
Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Selling price per pair Variable expenses per pair Number of pairs sold monthly Warm $ 5.00 $ 1.25 ,700 units Cozy $7.50 $ 3.75 900 units 2 Fixed expenses are $3,240 per month. Required: 1. Assuming the sales mix above, do the following: a....
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