A8 A company makes four different products, A, B, C, D. Each requires time on three different machines and each machine has a limited time. Rolling has 28 hours, cutting has 34 hours, and welding has21 hours. The table lists the time for each machine and profit.Rolling MachineCutting MachineWelding MachineProfitA1.71.11.626JShow Transcribed TextB2.12.51.335C1.41.71.69125D2.42.60.837a) What is Standard Format for this problem?b) What is the production mix and what is the profit?c) What is the reduced cost of product A? What does this mean?d) What is the shadow price on the Rolling Machine? What does this mean?

For the given situation, let me formulate the LP,

Answered: A company makes four different…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

RASM is defined as Revenue per Available Seat Mile and is a common metric to understand flight performance across different routes. Based on the chart below, what would you expect to see in March on a YoY basis? 20 18 16 14 12 10 8 6 4 2 0 Jan-18 Feb-18 Mar-18 Apr-18 May-18 a) Weaker performance YoY b) Stronger performance YoY c) Identical performance YoY d) There are no indicators of performance Jun-18 RASM Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
1. A company wishes to estimate the profit from two new products. The estimated cost of producing the first product is €3 per unit and it is expected to sell for €5 per unit while the second product costs €5 per unit and is expected to sell for €8 per unit. The first product takes 1 hour of packaging time per day while the second one takes 2 hours of packaging time per day. The time taken for delivery of the first product is 2 hours while the second takes just 1 hour to deliver. The total time available in the packaging and delivery sections is 6 and 8 hours per day respectively. (a) Formulate the linear programming problem. (b) Solve the problem to find the optimum solution. Clearly label and show the feasible solution space on your diagram. (c) Over what range can the coefficient for the first product vary in the objective function before the current solution is no longer optimal? (d) Over what range can the coefficient for the second product vary in the objective function before…
A firm has recently added a new product to their offerings. Manufacturing reports that production is going smoothly and factory workers are becoming familiar with the manufacture of this product. All expectations are that the current rate of learning will continue and the manufacture of future units will be more efficient (i.e. take less time). The following table shows the results for the first two units produced. Unit Produced 1 2 Time to manufacture (hours) 500 375 The firm has an order for two additional units. Assuming the pattern of learning curve continues (same rate): a. At what rate is learning occurring? b. How long will it take to produce the fourth unit? c. If the labor rate is $20 per hour, what is the cumulative average labor cost per unit for the first four units produced?
4. Minimize subject to X X c = x + 2y + 3y Y 2x + ΛΙ ΛΙ ≥ 0, y ≥ 0. 30 30
A firm has recently added a new product to their offerings. Manufacturing reports that production is going smoothly and factory workers are becoming familiar with the manufacture of this product. All expectations are that the current rate of learning will continue and the manufacture of future units will be more efficient (i.e. take less time). The following table shows the results for the first two units produced. Unit Produced Time to manufacture (hours) 1 600 2 510 The firm has an order for two additional units. Assuming the pattern of learning curve continues (same rate): a. At…
K If Professor Laurie Macdonald takes 12 minutes to grade the first exam and follows an 80% learning curve then, using table Table E.3, the amount of time she requires to grade: a) the 25th exam minutes (round your response to two decimal places). Learning Curve Coefficients Unit Number (N) 10 25 Unit Time .385 .263 75% Total Time 5.589 10.191 Unit Time .477 .355 80% Total Time 6.315 12.309 Unit Time .583 .470 85% Total Time 7.116 14.801 X
Type here to search AF2 女 3 E D A fourteen day job to install 10,000 linear feet of pipe is coming up. If each worker can install 10 linear feet an hour in a ten hour day, what is the minimum number of workers you will need to complete the job in time? 4 F4 $ 발 R FL [ с F5 % 5 T 团 G 12 F6 6 W F7 Y H & 7 F8 U A * 00 8 J F9 09 F10 9 K 76°F Light rain E F11 > O O ^ L F12 P
Wall, Corp. (Wall) is the leading manufacturer of drywall in the United States. Dry, Inc. (Dry) has announced plans to begin selling a new and improved type of drywall starting next year. To maintain their position as the leading manufacturer, and to compete with Dry, Wall decided to start producing an improved type of drywall as well. When the production line started, it took 29 hours to make the first batch of 100 8' by 4' sheets. Wall estimates the learning rate to be 75%. Forecasting the cumulative average time per batch to make the first seven batches of 8' by 4' sheets, and using that average, what is the total production hours to make these seven batches of sheets?
An electrical contractor's records during the last five weeks indicate the number of job requests: Week: Requests: 1 2 3 25 27 25 4 26 57 27
Maximize p= 2x+3y+1.1z+4w subject to 1.2x+y+z+w<= 81 2.2x+y-z-w>=20 1.x+y+z+1.2w>=21 x>=0, y>=0, z>=0, w>=o p=?(x,y,z,w)= ?
2. What is the difference between 99.9% uptime per month and 99.9% uptime per year?
Semana 1 2 4 80% 5 90% 6 100% LC % 60% A new equipment was installed with this learning curve. The material cost is $2.50 per unit. At this moment, the actual waste % is 5% for this process. The equipment capacity is 23401 unites per week. Determine the learning curve cost for the material. 30% 3 70%

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS