Formulate and solve this problem using lp software

Assignment Help Operation Management

Reference no: EM131360514

Problem -

Leach Distributors packages and distributes industrial supplies. A standard shipment can be packaged in a class A container, a class K container, or a class T container. A single class A container yields a profit of $9; a class K container, a profit of $7; and a class T container, a profit of $15. Each shipment prepared requires a certain amount of packing material and a certain amount of time.

Resources Needed Per Standard Shipment
Class of Container	Packing Material (Pounds)	Packing Time (Hours)
A	2	2
K	1	6
T	3	4
Total resources available each week	130 pounds	240 hours

Hugh Leach, head of the firm, must decide the optimal number of each class of container to pack each week. He is bound by the previously mentioned resource restrictions but also decides that he must keep his 6 full-time packers employed all 240 hours (6 workers 3 40 hours) each week.

Formulate and solve this problem using LP software.

Reference no: EM131360514

Questions Cloud

How is heat is stored and released in the ocean : How is heat is stored and released in the ocean ?How does Liquid water's heat capacity compare to other substances?The relationship between the temperature (or salinity) of a substance and its density is represented by a curve based on what?As heat ..

Draw complete shear and bending moment diagrams : Refer to the beam shown and draw complete shear and bending moment diagrams. Show ordinates at key points and indicate magnitude of shear and moment.

Firm roi under each cost flow assumption : Question a) Calculate the firm's ROI under each cost flow assumption (FIFO and LIFO). (Enter your answers as percentages rounded to 1 decimal place (i.e., 12.2%).) please see attached document for more information.

President of eastern semiconductor corporation : The president of Eastern Semiconductor Corporation (ESC) stated in the company's Annual Report to Shareholders "that ESC's goal is to increase the value of our common shareholder's equity." Later in the report, the following announcements were mad..

Formulate and solve this problem using lp software : Leach Distributors packages and distributes industrial supplies. A standard shipment can be packaged in a class A container, a class K container, or a class T container. Formulate and solve this problem using LP software

Net present value of expansion project : These assets will be worthless at the end of the project. In addition, the project requires $3,000 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return on 1..

Current price of a non-dividend-paying stock : The current price of a non-dividend-paying stock is $30. Over the next six months it is expected to rise to $36 or fall to $26. Assume the risk-free rate is zero. An investor sells call options with a strike price of $32. What is the value of each..

Indicate magnitude of shear and moment : Refer to the beam shown and draw complete shear and bending moment diagrams. Show ordinates at key points and indicate magnitude of shear and moment.

What is your biggest challenge as a leader : BUS 322- "What is Your Biggest Challenge as a Leader?" Discuss what challenges leaders face today that are different from 30 years ago.

User Account

All Pages