Solve the rmc problem using the simplex method

Assignment Help Operation Management
Reference no: EM13919632

RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of ²⁄5 ton of material 1 and ³⁄5 ton of material 3. A ton of solvent base is a mixture of ¹⁄2 ton of material 1, ¹⁄5 ton of material 2, and ³⁄10 ton of material 3. After deducting relevant costs, the profit contribution is $40 for every ton of fuel additive produced and $30 for every ton of solvent base produced.

RMC's production is constrained by a limited availability of the three raw materials. For the current production period, RMC has available the following quantities of each raw material:

Raw Material

Amount Available for Production

Material 1

20 tons

Material 2

5 tons

Material 3

21 tons

Assuming that RMC is interested in maximizing the total profit contribution, the problem formulation is shown here:

Max s.t.

40x1 +
²/5 x1 +

30x2
¹/2 x2 20

Material 1

¹/5 x2 5
³/5 x1 + ³/10 x2 21
x1, x2 > 0

Material 2
Material 3

where

x1 = tons of fuel additive produced
x2 = tons of solvent base produced

Solve the RMC problem using the simplex method. At each iteration, locate the basic feasible solution found by the simplex method on the graph of the feasible region.

Reference no: EM13919632

Questions Cloud

What is the total cost at the eoq : Explain the concepts of forecasting, system design, capacity planning, quality management and control, supply chain management, inventory management and scheduling, and project management and how they each relate to form an integrated view of prod..
Dog mosaic from the pompeii volcanic eruption : were dogs sacred to romans? are there any specific important characteristics about it?
Which projects should the company choose to maximize? : Arizona Semiconductor is trying to determine which R&D projects to fund for the upcoming fiscal year. The company has a limit of $200,000 and 10 researchers available for R&D to be spread between several projects. The table below shows the resourc..
How can louis use cvp to make his business more successful : With labor being one of the major expenses in operations, do you think with the aid of the weekly manager's report that the labor percentage is in line? Assume 23.5% of net sales is the standard set by corporate guidelines.
Solve the rmc problem using the simplex method : Solve the RMC problem using the simplex method. At each iteration, locate the basic feasible solution found by the simplex method on the graph of the feasible region.
Ed arnold started a personal financial planning business : Ed Arnold started a personal financial planning business when he accepted $120,000 cash as advance payment for managing the financial assets of a large estate. Arnold agreed to manage the estate for a one year period beginning May 1, 2013.
Cognitive effects of stimulant medication in children : Use the following information to answer the next three exercises: A Lake Tahoe Community College instructor is interested in the mean number of days Lake Tahoe Community College math students are absent from class during a quarter.
Find a current news article that focuses upon this concept : Find a current news article that focuses upon this concept at your choice of sites on the internet. Do not use Wikopedia.
What is the cost of common from reinvested earnings : As a consultant to Basso Inc., you have been provided with the following data: D1 = $0.67; P0 = $27.50; and g = 8.00% (constant). What is the cost of common from reinvested earnings based on the DCF approach?

Reviews

Write a Review

Operation Management Questions & Answers

  State the null and alternative hypotheses

Assume you work in a marketing department of a high-end department store. You send out Thank You cards with a short customer satisfaction survey one week after purchase. You wonder if survey response rates would increase significantly from your curre..

  Illustrate what is effect of complexity on fresh connection

Illustrate what choices must Fresh Connections make in developing an operations strategy. Illustrate what is the effect of complexity on Fresh Connections' operations.

  The recommended number of units of each printer

The recommended number of units of each printer to produce tomaximize the total contribution to profit for an 8-hourshift. What reasons might management have for not implementingyour recommendation?

  Compute the availability of this machine

A machine can operate for an average of 11 weeks before it needs to be overhauled, a process which takes 4 days. The machine is operated 5 days a week. Compute the availability of this machine. (Round your answer to 3 decimal places.)

  Operations management function

Which of the following is the best statement about the operating environment in which operations management function?

  Critical path to be taken for finishing a project

Critical Path To Be Taken For Finishing A Project

  Define the key premises of the business''s strategy

Choose a business whose strategy is familiar to you. What do you believe are the key premises of the business's strategy? Based upon the key indicators, also known as KPI, which would you choose to monitor and why. How would this help this busines..

  Evaluate the risks involved in process of decision making

Analyse the factors that influence your decision to outsource or to remain in-house using the 5 Performance objectives. Evaluate the risks involved in the process of decision making and recommend mitigating strategies to the risks

  What are some of the quality control processes

A Quality Assurance (QA) Program is essential to the success of any business. In establishing your grocery delivery business, what are some of the Quality Control (QC) processes that you envision employing? Why? Provide examples of potential metri..

  Major ethical considerations that face the project manager

Identify and characterize some major ethical considerations that face the project manager. Identify one important ethical issue facing a project manager, and analyze it in detail. If possible, provide examples, cases, and data as well as sources.

  How can goal-seeking-mission-driven-purposeful organization

How can goal-seeking, mission-driven, purposeful organization use information and information technologies to gain a competitive advantage in its attempt to outperform its competitors in achieving its goals?

  Identify the company mission statement

Identify the company's mission statement, vision statement, goals, objectives, and tactical plans. Explain how each of the four functions of management impacts the organization's goals and objectives.

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