Model the problem as a linear programming problem

Assignment Help Finance Basics
Reference no: EM131144073

Steel bars of length 11 meters arrive at a company from its supplier. The bars must be cut into smaller lengths to meet weekly demand and minimize wastage. For each bar the company must decide:

(i) Whether to cut it into two 5 metre lengths; or

(ii) Whether to cut it into one 2 metre length, one 3 metre length and one 5 metre length.

In the next week the company requires 105 bars that are 2 metres long, 153 bars that are 3 metres long and 207 bars that are 5 metres long.

(a) Model the problem as a linear programming problem.

(b) Solve the problem by graphical method

Reference no: EM131144073

Questions Cloud

Write a paper on training and development in small business : Write a 6 paper Analyze key elements of training and development geared toward improving the performance of the specific small business.
What is the probability that a randomly selected family : A research firm selected 100 families and found that the mean amount is $500 with a standard deviation of $75. What is the probability that a randomly selected family of four spends less than $480 per month?
What is the wavelength of a proton traveling : What is the wavelength (in 10-15 m) of a proton traveling at 19.8% of the speed of light?  An electron moves through a uniform magnetic field .
What is the probability that a randomly selected family : what is the probability that a randomly selected family of four spends less than $480 per month?
Model the problem as a linear programming problem : In the next week the company requires 105 bars that are 2 metres long, 153 bars that are 3 metres long and 207 bars that are 5 metres long. (a) Model the problem as a linear programming problem. (b) Solve the problem by graphical method
Are the causes of the risks clearly defined : Be sure to address the following questions ?Are all possible risks identified? Are there redundant or overlapping risks? Is the level of detail consistent? Are the causes of the risks clearly defined?
Determine the length of strike and percentage wage increase : determine the length of the strike and percentage wage increse
Prepare a summary that identifies the major research threads : Prepare a summary that identifies the major research threads in your topic. A reference list should be included in the summary. The topic should be relevant to your course material.
Calculate the approximate amplitude of steady-state motion : Calculate the approximate amplitude of steady-state motion assuming that both the mass and the surface that it slides on are made of lubricated steel.

Reviews

Write a Review

Finance Basics Questions & Answers

  Discuss the free cash flow model

Discuss the free cash flow model, the adjusted present value model, and the residual income model.

  Calculate the future value of the following annuity streams

Calculate the future value of the following annuity streams.

  Processes that are shaping management accounting practices?

What are some of the processes that are shaping management accounting practices?

  Basic principles of stock options

A person who buys an option may do any of the following except

  What is sorenson expected stock price in 7 years

Sorenson Corp.'s expected year-end dividend is D1 = $1.60, its required return is rs = 11.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future. What is Sorenson's expected stock price in 7 years, i.e., wha..

  Portfolio required return

Portfolio required return Suppose you are the money manager of a $3.86 million investment fund. The fund consists of 4 stocks with the following investments and betas:

  Interest is compounded annually

Natasha plans to deposit $4,000 per year in her account for each of the next 4  years. Thereafter, she expects to deposit $1,500 per year for another 4 years. All  deposits are made at year-end. Interest rates are expected to be 8 percent for the ..

  Explain financial management risk to the new staff

You are about to take over MoneyPlays Bank, a small but lucrative financial institution. You have hired new staff and are conducting orientation and training. You need to explain financial management risk to the new staff. Using the library and ot..

  How many years will it take to reach your goal

You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years will it take to reach your goa..

  Calculate the weighted cost of the capital of this project

Assume the following facts about a firm's financing in the next year. Calculate the weighted cost of the capital of this project

  What is the cost of the preferred capital of a firm whose

what is the cost of the preferred capital of a firm whose currently outstanding preferred shares pay a dividend of

  What is the floor value of this bond

Today's closing stock price was $20. What is the floor value of this bond?

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