Projects a profit contribution

Assignment Help Engineering Mathematics
Reference no: EM13962724

Embassy Motorcycles (EM) manufactures two motorcycles designed for easy handling and safety. The EZ-Rider model has a new engine and a low profile that make it easy to balance. The Lady-Sport model is slightly larger, uses a more traditional engine, and is specifically designed to appeal to women riders. EM produces the engines for both models at is Des Moines, Iowa plant. Each EZ-Rider engine requires 6 hours of manufacturing time and each Lady-Sport engine requires 3 hours of manufacturing time. The Des Moines plant has 2100 hours of engine manufacturing time available for the next production period. EM's motorcycle frame supplier can supply as many EZ-Rider frames as needed. However, the Lady-Sport frame is more complex and the supplier can only provide up to 280 Lady-Sport frames for the next production period. Final assembly and testing requires 2 hours for each EZ-Rider model and 2.5 hours for each Lady-Sport model. A maximum of 1000 hours of assembly and testing time are available for the next production period. The company's accounting department projects a profit contribution of $2,400 for each EZ-Rider produced and $1,800 for each Lady-Sport produced.

a. Formulate a linear programming model that can be used to determine the number of units of each model that should be produced to maximize the total contribution profit.

b. Solve the problem graphically. What is the optimal solution?

Reference no: EM13962724

Questions Cloud

Determine optimal product mix-profit contribution : Develop the objective function and constraints required for the problem. Determine optimal product mix and profit contribution. Please note that the profit contribution per pound of $1.65 for the Regular Mix, $2.00 for the Premier Mix, and $2.25 f..
The asset is completely destroyed : Suppose you wish to insure an asset valued at $100. Only two states of the world can occur in the future, FIRE and NO FIRE, with probabilities .25 and .75 respectively. In the FIRE state, the asset is completely destroyed. Your initial wealth (includ..
Interpreting management reports-responsibility centers : Wood4Fun makes wooden playground equipment for the institutional and consumer markets. The company strives for low-cost, high-quality production because it operates in a highly competitive market in which product prices is set by the market place and..
Newly established healthcare entity promoting : Place yourself in the role of marketing director a for a newly established healthcare entity promoting a product of your choice. Develop a communications strategy for addressing target audiences during each of the stages of the DAGMAR Marketing Commu..
Projects a profit contribution : The company's accounting department projects a profit contribution of $2,400 for each EZ-Rider produced and $1,800 for each Lady-Sport produced.
Average annual cost of holding cost and fixed order cost : An automotive warehouse stocks a variety of parts that are sold at neighborhood stores. One particular part, a popular brand of oil filter, is purchased by the warehouse for $2 each. It is estimated that the cost of order processing and receipt is $1..
The courselink drop box : The first assignment will be a paper that should be about 1000 words. Everything that we do in the class could potentially enter into your paper. Points will be deducted if it is late.
Frequent and permanent payment option when purchasing online : To develop a system same like the present instant bank transfer system for PayPal but with some innovations, flexibility, and customization. Users should be able to use instant bank transfer as a frequent and permanent payment option when purchasing ..

Reviews

Write a Review

Engineering Mathematics Questions & Answers

  Calculate the volume of the rock

When the elevator is at rest, the tension in the cord is 21.0 N. Calculate the volume of the rock. Derive an expression for the tension in the cord when the elevator is accelerating upward with an acceleration of magnitude a. Calculate the tension ..

  Problems based on correlation & regression

What are the managerial implications of a correlation between these variables?

  Sufficient food for the livestock at minimal cost

How many bushels of each crop should be used in each type of feed mix in order to produce sufficient food for the livestock at minimal cost?

  Determine the mass fractions of the constituents of air

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.

  Conditions for correlation / linear regression

What is the probability that the fourth part retrieved from stock is the first defective?

  Linear programming model for the problem

a) Formulate the linear programming model for the problem. b) Use the Graphical method to find the optimal solution. Show all steps. c) Use Excel Solver to find the optimal solution. Copy and paste your spreadsheet and the Answer report from Excel.

  Design that shaft

The shaft is drive shaft for a large bulk material conveyor.the gear receives 40hp and rotate at 120rpm.each chain sprocket delivers 20hp to one side of the conveyor. Use AISI 1020 cold-drawn steel. Design that shaft.

  Adjustment of adolescents

A researcher compared the adjustment of adolescents who had been raised in homes that were either very structured or unstructured. Thirty adolescents from each type of family completed an adjustment inventory. The results are reported in the table..

  Modify the formulation by adding a constraint that whoever

1 consider the following lpmaximize z4x15x23x3subject tox1x24x3le6x12x2x3le7x14x22x3le12a add slack variables x4 x5 and

  What do you think about the limit we are trying to prove

Can you find a number δ so that when | x -0|

  Model of lineal programming

The company wishes to determine the amount of pounds that need to prepare of each one of the three mixtures to maximize its gain, under the assumption that he could sell the totality of each prepared mixture. Formulates the model of lineal program..

  The purpose of this paper is to develop a new linear

the purpose of this paper is to develop a new linear programming for an aggregate production planning of flat panel

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