Determine the optimal solution using lp software

Assignment Help Operation Management
Reference no: EM13904293

Kalyan Singhal Corp. makes three products, and it has three machines available as resources as given in the following LP problem:

Maximize contribution = 6X1 + 8X2 + 4X3

Subject to:

1X1 + 7X2 + 4X3 <= 72(hours on machine 1)

2X1 + 1X2 + 7X3 <= 76 (hours on machine 2)

8X1 + 4X2 + 1X3 <= 72 (hours on machine 3)

X1, X2, X3 >=0

(a) Determine the optimal solution using LP software. the optimal achieved is

X1=

X2-

X3=

contribution =

(b) Is there unused time available on any of the machines with the optimal solution?

(c) What would it be worth to the firm to make an additional hour of time available on the third machine?

(d) How much would the firms profit increase if an extra 15 hours of time were made available on the second machine at no extra cost?

Reference no: EM13904293

Questions Cloud

Integrated marketing communications strategy : Integrated Marketing Communications (promotion) strategy for your company. Describe a movie theaters integrated marketing communications (promotion) strategy. How do you communicate with your target market? What is the best means of communication for..
Describe the role of wholesaling for a movie theater : Wholesaling for your company. Describe the role of wholesaling for a movie theater. Do you use a wholesaler? What function or benefits do they provide?
Discuss what ouchi meant with that analogy : In writing about types of control, William Ouchi said, “The Market is like the trout and thee clan like the salmon, each a beautiful highly specialized species which require uncommon conditions for its survival in comparison, the bureaucratic method ..
Process used in design of the internal pay structure matter : Why does the process used in the design of the internal pay structure matter?  Distinguish between the processes used to design and administer a person-based and a job-based approach.
Determine the optimal solution using lp software : Kalyan Singhal Corp. makes three products, and it has three machines available as resources as given in the following LP problem: Is there unused time available on any of the machines with the optimal solution? What would it be worth to the firm to m..
Square-diamond-inverted triangle circle and arrow : Differentiate between the following common flowcharts symbols (square, diamond, inverted triangle circle, and arrow) and give an example of each.
Discuss specific strategies : What challenges may arise if a U.S. project manager moves to a foreign country to manage a project for 5 years? Discuss specific strategies that the U.S. project manager could use to be successful in a situation such as this. Be specific and support ..
Describe your approach to tracking a project : Describe your approach to tracking a project. What kinds of issues would you focus on if you were a project manager? Why? Please cite source if any
Project managers to resist changes to the project baseline : Why is it important for project managers to resist changes to the project baseline? Under what conditions would a project manager make changes to a baseline? When would a project manager not allow changes to a baseline?

Reviews

Write a Review

Operation Management Questions & Answers

  Case study analysis: sun and sand sports

Case Study Analysis: Sun and Sand Sports

  Projects and programs as portfolio of investments

Portfolio management is a business strategy in which organizations view projects and programs as a portfolio of investments. Portfolio managers select projects with a strategic perspective. Project managers can become more successful when they develo..

  What criteria and factors are important in designing

Select any organisation you are familiar with, preferably a service based organisation, and discuss what criteria and factors are important in designing the layout

  Describe how health services division fellowship program

Describe how a health services division fellowship program aligns with your professional career goals?

  How do ethical issues impact organizations and operations

Ethical behavior is a corporate issue that affects the company's bottom line. How do ethical issues impact organizations and operations. Include an example seen in the workplace, in the news, etc. that relates to real-life situations

  Whistle-blower definition and statute

After having reviewed the whistle-blower definition and statute, would you agree that despite having the whistle-blower statute in place, some employees are still apprehensive about coming forward with complaints? Please explain.

  Major modifications to satisfy the customers requirements

You are the project manager on a research and development project. Marketing informs you that they have found a customer for your product and that you must make major modifications to satisfy the customer's requirements. The engineering functional ma..

  Heavy equipment

Heavy equipment, which includes items such as buildings and robotics, is also referred to as ________.

  How traditional occupational-industrial safety inspections

Discuss how traditional occupational and industrial safety inspections and worksite monitoring programs interface with system safety effort

  Why is governance necessary to control managers decisions

How is each of the three internal governance mechanisms - ownership concentration, boards of directors and executive compensation - used to align the interests of managerial agents with those of the firm's owners?

  Inspection procedure consists of testing

Inspection procedure consists of testing one sample of 100 items every day. For eight days, the cumulative number of defective items found was 134. Construct a p Chart using Z = 3.  36 machine parts are inspected each day. Average width of these part..

  Which of the given is an illustration of primary data which

which of the following is an example of primary data that would be used by topps card company to determine popularity

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