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The Eaglego Arts designs, produces, and sells packaged lego pieces to build replicas of world-famous art sculptures. Each “lego sculpture pack” contains instructions on how to build the sculpture and the lego bricks required for sculpting. The most popular designs are Model A and Model B. Each of these models requires black and white lego bricks. The company has a total of 15,000 pieces of black and 4,000 pieces of white lego bricks in stock. Each Model A requires 50 black and 12 white pieces, and yields a profit of $40 per pack. Each Model B requires 75 black and 25 white pieces and can be sold for a profit of $65 per pack. The company has to determine the optimal product mix (i.e., determine the production quantities that maximize profits). You will formulate a linear programming model for this optimization problem. Do NOT solve the optimization problem.
Q: Are there any sign or type restrictions in your formulation? Why or Why not? Clearly explain the sign and type restrictions (if any). Prepare a spreadsheet to determine the optimal production mix using Excel solver. Provide a screenshot of your spreadsheet model. The screenshot should show all the cells involved in formulating the optimization problem. Provide a screenshot of your spreadsheet with the formula view. Prepare the solver model by logging all the information to the solver parameters window in Excel. Provide a Screenshot of the solver parameters wndow in Excel. Solve the optimization problem using Excel solver. What is the optimal solution i.e. the optimal cost and the optimal values of decision variables?
Draw a time management matrix and estimate what percentage of your time (non-sleeping) you spend in each quadrant. Then log your time for three days in 15-minute intervals.
llustrate what reasons might there be for using a single measure also illustrates what reasons might there be for using multiple criterions.
Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 7 weeks and a standard deviation of 1 week. Demand is also a variable and nor..
Describe and explain the four types of consequences of the Organizational Behavior Modification, otherwise referred to as the OB Mod, which offers useful ways to understand how workplace events can influence employee learning and motivation.
Is marketing really a universal concept? Defend your reasoning. How does the Bill of Rights, mainly the 1st Amendment both limit and protect business in general? What are the characteristics of effective project teams?Describe the four things that ar..
Elucidate how can Janet plan for also avoid these risks. Does likelihood of these risks affect Janet's actions. Elucidate how.
The costs of quality are given by the following equations, Determine the total cost of quality when there are no defectives. D= 0 and product quality is perfect.
1. Develop the final project as a case study describing an organization of your choice/OR an organization you researched using various content from (example: diversity, culture, motivation, leadership).
Find economies of scope. Provide examples of specific actions Harley-Davidson's managers could take to reduce expenses or share activities.
After reading about the Strategic Decision-Making Process in the chapter discuss which of the eight steps you feel is the most important of the process to achieve competitive success for a firm. Please provide at least 200 words in your written discu..
Leadership and Influence Processes The Struggle for Power at Ramsey Electronics A vice president’s position is about to open up at Ramsey Electronics,
A class-action suit was filed in federal court seeking $18,000 damages. Does the court have jurisdiction? Explain.
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