Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: Malloy Milling grinds calcined alumina to a standard granular size. The mill produces two different size products from the same raw material. Regular Grind can be produced at a rate of 10,000 pounds per hour and has a demand of 400 tons per week with a price per ton of $900. Super Grind can be produced at a rate of 6,000 pounds per hour and has demand of 200 tons per week with a price of $1,900 per ton. A minimum of 700 tons has to be ground every week to make room in the raw material storage bins for previously purchased incoming raw material by rail. The mill operates 24/7 for a total of 168 hours/week.
a. Develop and solve a linear optimization model to determine the number of tons of each product to produce each week to maximize revenue.
b. What impact will changing the required minimum number of tons per week (currently 700) have on the solution? Explain using the Sensitivity Report.
c. If the price per ton for Regular Grind is increased to $1100, how will the solution be affected?
d. If the price per ton for Super Grind is decreased to $1400 because of low demand, how will the solution change?
A production manager is faced with the question of how to allocate the manufacturing of a microwave oven between his own company and a subcontractor, because neither firm can handle the demand alone.
Identify the sampling units, the variable of interest, and any auxiliary information associated with the units and describe two types of estimators for estimating the mean expenditure per household for a week's food in the city.
How much would the return for cattle have to increase in order for Alexis to invest only in cattle? Should all of Alexis's inheritance be invested according to the optimal solution?
The first successful ascent to the summit of K2, the world's second highest and most dangerous mountain was July 31, 1954. The distance (in meters) the climbers ascended K2 is modeled by the graph below. Determine the average rate of ascent from p..
Show that if interest rates are zero and call option prices are a differentiable function of strike then the derivative of the prices with respect to strike must lie between -1 and 0. What if interest rates are non-zero?
State Moore's Law. What is the implication of Moore's Law for managers? Name the five data characteristics, and provide a short explanation for each of the data characteristics.
The composition of moist air is given on a molar basis to be 78 percent N2, 20 percent O2, and 2 percent water vapor. Determine the mass fractions of the constituents of air.
What is the NPV of the project? Should the company make the purchase?
Consider the differential equation for mass-spring-damper system as shown: d2x/dt2 + 2γ(dx/dt) + k2x = 0. Write the second order ODE as a system of first order ODEs
waiting time T between successive occurrences of an event E
1. prove directly from the axioms for a vector space thatnbsp for any scalar a.remark. of course this fact is not hard
Determine a sinusoidal expression for the resultant and Find the eigenvalues and eigen vectors for the matrix and Determine the general power series solution of Bessel's equation.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd