Celine beauty is a new cosmetics manufacturer that produces skincare box and makeup box. Demand over...
Celine beauty is a new cosmetics manufacturer that produces skincare box and makeup box. Demand over the next three months for skincare box is (starting in month 1) as follows: 600, 700, and 50 and demand for make up box is 1100, 1500, and 1200, respectively. Each make up box costs $6000 to produce and sells for $8000, while each skincare box costs $7500 to produce and sells for $9000. Monthly inventory holding costs are $150 per make up box and $200 per skincare box. In any month, at most 1500 boxes can be produced. At the beginning of month 1 there are 200 make up box and 100 skincare box available in inventory. Formulate an LP for finding a production schedule that maximizes skintalk’s total profit over the next three months.
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Celine beauty is a new cosmetics manufacturer that produces
skincare box and makeup box. Demand over...
Autoco produces cars. Demand during each of the next 12 months is forecasted to be 945, 791, 364,...
Autoco produces cars. Demand during each of the next 12 months is forecasted to be 945, 791, 364, 725, 268, 132, 160, 304, 989, 293, 279, and 794. It costs $500 to hold a car in inventory for a month. Workers are paid $5,000 per month. It costs $4,000 to hire and $20,000 to fire a worker. Workers are hired and fired at beginning of each month. Each worker can make up to 8 cars a month. At the beginning...
17. Production planning. DirectCo sells an item whose demand over the next four months is 100,...
17. Production planning. DirectCo sells an item whose demand over the next four months is 100, 140, 210 and 180 units, respectively. The company can stock just enough supply to meet each month's demand, or it can overstock to meet the demand for two or more successive and consecutive months. In the latter case, a holding cost of $1.20 is charged per overstocked unit per month. DirectCo estimates the unit purchase prices for the next four months to be $15,...
Juiceco manufactures two products: premium orange juice and regular orange juice. Both products are made by...
Juiceco manufactures two products: premium orange juice and regular orange juice. Both products are made by combining two types of oranges: grade 6 and grade 3. The oranges in premium juice must have an average grade of at least 5, those in regular juice, at least 4. During each of the next two months Juiceco can sell up to 1,000 gallons of premium juice and up to 2,000 gallons of regular juice. Premium juice sells for $1,00 per gallon while...
A company produces two types of refrigerators that use Freon gas for cooling. Each type A refrige...
A company produces two types of refrigerators that use Freon gas for cooling. Each type A refrigerator sells for $2000, costs $1500 to manufacture, and leaks 15 grams of Freon. Each type B refrigerator sells for $1700, costs $1400 to manufacture, and leaks 5 grams of Freon. The following constraints exist: According to environmental codes, the total average Freon leakage of all refrigerators produced in next three years must not exceed 10 grams per refrigerator. Manufacturing capacity limits total refrigerator...
1) FreezyBreeze Company produces two types of refrigerators that use a special gas for cooling. Each...
1) FreezyBreeze Company produces two types of refrigerators that use a special gas for cooling. Each type A refrigerator sells for $2000, costs $1500 to manufacture, and leaks 15 grams of gas . Each type B refrigerator sells for $1700, costs $1400 to manufacture, and leaks 5 grams of gas. The following constraints exist: The total average gas leakage of all refrigerators produced in next three years must not exceed 10 grams per refrigerator. Manufacturing capacity limits total refrigerator production...
Demand over the next four months are 450, 500, 350, and 400 respectively. Regular time production...
Demand over the next four months are 450, 500, 350, and 400 respectively. Regular time production costs $10 per item, and we can make a maximum of 400 items in a given month in regular time. Overtime production costs $16 per item, and as many as 200 items may be produced in overtime each month (in addition to the regular time production). Keeping an item in inventory incurs a cost of $1 per period; backorders cost $3 per period per...
Please show the steps clearly 1. A company is involved in the production of two items...
Please show the steps clearly
1. A company is involved in the production of two items (X and Y). The resources need to produce X and Y are twofold, namely machine time for automatic processing and craftsman time for hand finishing. The table below gives the number of minutes required for each item: Table 1: Minutes required for each item Item Machine time Crafstman time Item X 13 20 Item Y 19 29 The company has 40 hours of machine...
Demand over the next four months are 450, 500, 350, and 400 respectively. Regular time production costs $10 per item, an...
Demand over the next four months are 450, 500, 350, and 400 respectively. Regular time production costs $10 per item, and we can make a maximum of 400 items in a given month in regular time. Overtime production costs $16 per item, and as many as 200 items may be produced in overtime each month (in addition to the regular time production). Keeping an item in inventory incurs a cost of $1 per period; backorders cost $3 per period per...
WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company has...
WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company has forecast production for the next three months as follows: July 5,000 units, August 6,000 units, September 3,500 units. Monthly manufacturing overhead is budgeted to be $20,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July? WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company is projecting sales of 1,000 units for the month of March....
The president of Hill Enterprises, Terri Hil, projects the firm's aggregate demand requirements over the next...
The president of Hill Enterprises, Terri Hil, projects the firm's aggregate demand requirements over the next 8 months as follows: May January February ,600 June March April 1.700 August 2,300 2,300 1,900 1,400 1,700July Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $60 per unit. Inventory holding cost is $20 per unit per month. Ignore any dle-time costs. Evaluate the following plans D...
Autoco produces cars. Demand during each of the next 12 months is forecasted to be 945, 791, 364, 725, 268, 132, 160, 304, 989, 293, 279, and 794. It costs $500 to hold a car in inventory for a month. Workers are paid $5,000 per month. It costs $4,000 to hire and $20,000 to fire a worker. Workers are hired and fired at beginning of each month. Each worker can make up to 8 cars a month. At the beginning...
17. Production planning. DirectCo sells an item whose demand over the next four months is 100, 140, 210 and 180 units, respectively. The company can stock just enough supply to meet each month's demand, or it can overstock to meet the demand for two or more successive and consecutive months. In the latter case, a holding cost of $1.20 is charged per overstocked unit per month. DirectCo estimates the unit purchase prices for the next four months to be $15,...
Please show the steps clearly
1. A company is involved in the production of two items (X and Y). The resources need to produce X and Y are twofold, namely machine time for automatic processing and craftsman time for hand finishing. The table below gives the number of minutes required for each item: Table 1: Minutes required for each item Item Machine time Crafstman time Item X 13 20 Item Y 19 29 The company has 40 hours of machine...
The president of Hill Enterprises, Terri Hil, projects the firm's aggregate demand requirements over the next 8 months as follows: May January February ,600 June March April 1.700 August 2,300 2,300 1,900 1,400 1,700July Her operations manager is considering a new plan, which begins in January with 200 units of inventory on hand. Stockout cost of lost sales is $60 per unit. Inventory holding cost is $20 per unit per month. Ignore any dle-time costs. Evaluate the following plans D...
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