Produces two lines of its product-the super and the regular

Assignment Help Operation Management
Reference no: EM131181176

The Ace Manufacturing Company produces two lines of its product, the super and the regular. Resource requirements for production are given in the Table below. There are 1,600 hours of assembly worker hours available per week, 700 hours of paint time, and 300 hours of inspection time. Regular customers will demand at least 150 units of regular line and 90 of the super. Product line Profit Contribution Assembly time (hr.) Paint time (hr.) Inspection time (hr.) Regular $50 1.2 .8 .2 Super $75 1.6 .9 .2 The linear programming formulation for this product mix problem is: Decision variables x1 = units of regular produced x2 = units of super produced Formulation Maximize Z = 50x1 + 75x2 s.t. 1.2x1 + 1.6x2 ≤ 1600 Assembly time .8x1 + .9x2 ≤ 700 Paint time .2x1 + .2x2 ≤ 300 Inspection time x1 ≥ 150 Regular demand x2 ≥ 90 Super demand x1, x2 ≥ 0 Answer the following questions on this page and the next page referring to the above formulation and the printout on the page following the questions a. What is the optimal solution (complete answer!)? b. If demand for regular increased by 10, what will happen to the optimal solution (Z and decision variables)? c. If demand for super increased by 10, what will happen to the optimal solution (Z and decision variables)? d. If the profit contribution of regular decreased to 30, what will happen to the optimal solution (Z and decision variables)? e. If the profit contribution of super decreased to 55, what will happen to the optimal solution (Z and decision variables)?

Reference no: EM131181176

Questions Cloud

What are some typical benefits from implementing lean : What are some typical benefits from implementing lean? Which elements of lean are the most difficult to implement? Why? How are suppliers affected by lean production?
What is the purpose of lean production : What is the purpose of lean production? How did lean production evolve into a system of continuous improvement? How are lean production and quality related and what is Lean Six Sigma?
Difference between dependent and independent demand : Explain with an example the difference between dependent and independent demand. What is the purpose of phantom bills, K-bills, and modular bills of material?
What are the objectives-inputs and outputs of mrp system : What are the objectives, inputs, and outputs of an MRP system? Describe the MRP process, including netting, explosion, lot sizing, and time phasing. Discuss several assumptions of MRP and how they are being relaxed with new technology.
Produces two lines of its product-the super and the regular : The Ace Manufacturing Company produces two lines of its product, the super and the regular. Resource requirements for production are given in the Table below. There are 1,600 hours of assembly worker hours available per week, 700 hours of paint time,..
The traditional family contributes to gender inequality : Do you agree that the feminist/sociological perspective will help men and women work together to overcome sexism? Why or why not? If the structure of the traditional family contributes to gender inequality, what can American businesses do so that wom..
What is the cost of holding this safety stock : A catfish bait manufacturer uses a secret blend of ingredients to make their infamous bait. One of these ingredients, we'll call it X for proprietary reasons, is the major component in the mixture. X is ordered in 55 gallon barrels from out of state ..
Differences between level-chase and mixed production plans : Describe the differences between level, chase, and mixed production plans. Use the forecast in the table to show the differences by creating a plan of each type. There is no beginning inventory and regular production capacity is 350 units.
Premium pay rates : For at least 21 years, the company has paid double the straight-time pay rate for work after 50 hours in any given workweek to all plant employees, whether they worked a five-day, eight-hour schedule (“5/8 employees”) or a four-day, ten-hour schedule..

Reviews

Write a Review

Operation Management Questions & Answers

  Explain why you believe so many IT projects fail

Explain why you believe so many IT projects fail? (61% according to the Standish Group) Also, describe how collaboration tools could assist with project successes. 2 paragraphs.

  Create 90 percent of the mean confidence interval

You work for a consumer advocate agency and want to find the mean repair cost of a washing machine. As part of your study, you randomly select 45 repair costs and find the mean to be $115.

  Project sponsor one of the most important stakeholders

Why is the project sponsor one of the most important stakeholders, and what should a project manager do to keep them informed of the status of a project?

  What will be the economic order quantity

If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity.

  Determine the average waiting time for each class

Determine the number of customers of each class that are waiting for service. Determine the average waiting time for each class.

  Quality superiority can be translated into market share

Quality superiority can be translated into higher market share, but it requires a systematic approach that is moving at a pace greater than that of the competition. What do leaders need to know about quality to make the correct strategic decision to ..

  Health care system is experiencing financial problems

Bright Road Health Care System is experiencing financial problems. There are insurers with late payments, Medicare fees due to patient readmission within 30 days, high staff turnover, and low admissions to its obstetrics service. The Chief Administra..

  Seller and buyer execute a contract

Seller and buyer execute a contract for 500 jogging shoes. The contract has all the basic terms, except the parties “agree to agree” on the price per shoe at a later date. a. Is there a contract? b. If so, what happens if they later fail to agree? c...

  How to improve the management of small business

Explain in detail how the identified issues have impacted the business, Make recommendations to Tom on how to improve the management of his small business.

  Practice assessing an industry

You plan to hold a weekly breakfast meeting with your team of strategic planners to practice assessing an industry. For the upcoming week's breakfast meeting, you told your team that they should be prepared to discuss the business environment or i..

  Describe the first goal of national unions

What is the first goal of national unions? Corporate goal achievement is facilitated or inhibited by how successfully which of the following relations are conducted?

  Describe audience in a business presentation

What motivational strategies have you used in the past that were successful or what strategies have you seen speakers use that were effective

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