Formulating an ilp model

Assignment Help Operation Management
Reference no: EM13110158

Kentwood Electronics manufactures three components for stereo systems: CD players, tape decks, and stereo tuners. The wholesale price and manufacturing cost of each item are:Component Wholesale Price Manufacturing CostCD Player $150 $75Tape Deck $85 $35Stereo Tuner $70 $30Each CD player produced requires three hours of assembly; each tape deck requires two hours of assembly; and each tuner requires one hour of assembly. However, the company manufactures these products only in batches of 150 - partial batches are not allowed. The marketing department believes that it can sell no more than 150,000 CD Players, 100,000 tape decks, and 90,000 stereo tuners. It expects a demand for at least 50,000 units of each item and wants to be able to meet this demand. If Kentwood has 400,000 hours of assembly time available, how many batches of CD players, tape decks, and stereo tuners should it produce to maximize profits while meeting the minimum demand figures supplied by marketing?

A. Formulate an ILP model for this problem. (Hint: Let your decision variables represent the number of batches of each item to produce.)
B. Create a spreadsheet model for this problem and solve it.
C. What is the optimal solution?I have quite a bit of this done, but I don't see where I can put an attachment up. Please let me know if you can help.

Reference no: EM13110158

Questions Cloud

How are flowers of monocots different from those of dicots : In what way does the fertilization and development of the conifer seed differ from that of the angiosperm?
Explain the concept of bacterial evolution : Explain the concept of Bacterial Evolution. What are the main differences between the three groups of the Domains? (Archaea, Bacteria, and Eukarya)
Linear relationship between explanatory variables : Rewrite the model to show that this is in fact a two-variable model rather than a three-variable model. Define the parameters
Why would some microorganisms grow on the surface : Why would some microorganisms grow on the surface of some broth in a test-tube?
Formulating an ilp model : Kentwood Electronics manufactures three components for stereo systems: CD players, tape decks, and stereo tuners. The wholesale price and manufacturing cost of each item are:Component Wholesale Price Manufacturing CostCD Player.
Does the gymnosperm embryo use the same nutritive tissue : What further adaptations have gymnosperms made for life on land when compared with the ferns?
Research and evaluation : What value is business research and hypothesis testing to a company? How long should it take a company to complete a scientific research study?
Reviews the earnings of three divisions : A corporate CEO reviews the earnings of three divisions over the last eighteen months. Each division reports its earnings quarterly.
How role of human resources provide valuable advice : HR planning should be focused on helping the organization achieve its strategic intent, which derives from its vision. These strategies need to both service the short-term, operational concerns and the slightly longer-term strategic.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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