Formulate the problem as a linear programming model

Assignment Help Business Management
Reference no: EM131315308

A small firm makes three similar products, which all follow the same three-step process, consisting of milling, inspection, and drilling. Product A requires 12 minutes of milling, 5 minutes for inspection, and 10 minutes of drilling per unit; product B requires 10 minutes of milling, 4 minutes for inspection, and 8 minutes of drilling per unit; and product C requires 8 minutes of milling, 4 minutes for inspection, and 16 minutes of drilling. The department has 20 hours available during the next period for milling, 15 hours for inspection, and 24 hours for drilling. Product A contributes $2.40 per unit to profit, product B contributes $2.50 per unit, and product C contributes $3.00 per unit. Determine the contributes $300 per unit. Determine the optimal mix of products in terms of maximizing contribution to profits for the period. Then, find the range of optimality for the profit coefficient of each variable. Formulate the problem as a Linear Programming model in Excel.

Reference no: EM131315308

Questions Cloud

Explain the three levels of management in detail : Explain the different types of planning for the different levels of management. And also explain the three levels of management in detail.
Preferred location for the new warehouse : Transportation costs from location N1 to stores A, B, and C are $6, $8, and $7 per unit, respectively; from location N2, the costs are $10, $6, and $4, respectively. Which of the two locations is the preferred location for the new warehouse? Hint:..
Discuss about the hypothesis test : Type out each Old Testament prophecy with the verse reference followed by the New Testament verse with the fulfillment. Which one of the 8 prophecies and its fulfillment spoke to you the most? Write at least 150 words about this verse and your thoug..
Explain what steps did petrobras take to transform itself : What steps did Petrobras take to transform itself? What evidence can you find to show how Gabrielli set the vision for this effort? Why is that important?
Formulate the problem as a linear programming model : Determine the optimal mix of products in terms of maximizing contribution to profits for the period. Then, find the range of optimality for the profit coefficient of each variable. Formulate the problem as a Linear Programming model in Excel.
Explain the links between evolution gender and crime : Explain the links between evolution, gender, and crime. Identify and discuss the mental disorders and diseases that are associated with crime. How persuasive is the association between mental disorders and crime, and why is this the case
Calculate the specific enthalpy of saturated water : The specific entropy of saturated water at 1000e is 1.307kl/kg deg and that of saturated steam at the same temperature as 7.355 k.l/kg deg. What is the specific enthalpy of vaporization at this temperature?
How will we know when we have arrived : Who are we? How do we plan to get there? Where are we now? How will we know when we have arrived? Where do we want to go? Will this work?
Simple poisson arrival : Assume this is a simple Poisson arrival, exponentially distributed service time situation. Find the following information to help the manager decide if a second employee should be added.

Reviews

Write a Review

Business Management Questions & Answers

  Discuss latest developments surrounding the issue

Describe what the first steps will be in helping them to resolve their issue. Explain why it's important that these be the first steps and what your role will be in helping them to implement these first steps.

  The seven tests of just cause

Employee and Labor Relations Chapter 12 Determine if each of the following scenarios meet "the seven tests of just cause" in an arbitration dispute. Explain your answers. Scenario 1: Angie was fired, as other employees have been, for eating a tomato ..

  Enhance cooperation using web 2.0 applications

How can companies manage their Enterprise 2.0 strategy and deal with potential pitfalls associated with Web 2.0 and describe how organizations can enhance collaboration using Web 2.0 applications

  Human aspect of ethics and its links to business success

Because of the human aspect of ethics and its links to business success, corporate leaders must be careful about their behaviors, and how they address problems. For this assignment, you must select the code of ethical conduct for one (1) of the f..

  Examining incentive plansevaluate how the incentives plans

examining incentive plansevaluate how the incentives plans do or do not help the organization to achieve its goals and

  What management ideas could be used to help organizations

What methods are used by managers to keep everyone in the loop and in the evolution of many current organizations, what management ideas could be used to help organizations be more successful?

  What differences would a manager have to be aware

Describe positive and negative outcomes that can result from societal, political, and cultural differences when managing a corporation in North America, South America, Europe, Asia, Africa, and Australia.

  Forms of resistance to a rigid

What forms of resistance to a rigid, top-down control system may be evident from employees?

  Question about expectancy theory

Provide an example of how expectancy theory has affected your motivation, or that of someone else you work with or have worked with. Be sure to specify the expectancy and valance.

  Consumer behaviour theories

1. Visit www.victoriassecret.com. Critically discuss using consumer behaviour theories on how this famous Web site use enhancement of the self to attract consumers? A significant portion of sales in the organization's retail stores are males, thus..

  Explain and determine and detail the optimum pricing

Explain and Determine and detail the optimum pricing strategy and Examine how your pricing strategy supports your branding strategy.

  Lifecycle nutrition presentationprepare a powerpoint

lifecycle nutrition presentationprepare a powerpoint presentation on nutritional needs at a selected stage of life. the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd