Explain formulate and solve a linear optimization model, Operation Management

Assignment Help:

Klein Industries manufactures three air compressors: small, medium, and large, which have unit profits of $20.50, $34, and $42 respectively. The monthly projected sales of small are a minimum of 14,000 and a maximum of 21,000. Projected sales for medium is projected to be at least 6200 with a maximum of 12500. And large is projected to have a minimum of 2600 and a max of 4200. Production is complete in three steps time is given per minute. Bending and forming; small 0.4+ medium 0.7 + large 0.8 is less than or equal to 23,400 minutes. Welding; small 0.6 + medium 1 + large 1.2 is less than or equal to 23,400 minutes. Painting; small 1.4 + medium 2.6 + large 3.1 is less than or equal to 46,800 minutes. Formulate and solve a linear optimization model using the auxiliary variable cells method and write a short memo to the production manager explaining the sensitivity information.


Related Discussions:- Explain formulate and solve a linear optimization model

Objectives of operation process chart, Objectives of Operation Process char...

Objectives of Operation Process chart 1. It helps to decide whether a further and more detailed record is needed. 2. It is used in the design stages to assist the layout of th

Explain what are the most important criteria, In selecting outside advisors...

In selecting outside advisors, a board, consultants, and the like, what are the most important criteria?

Explain breached claimed contract, On September 1, Jennings, a used-car dea...

On September 1, Jennings, a used-car dealer, wrote a letter to Wheeler in which he stated, "I have a 1955 Thunderbird convertible in mint condition that I will sell you for $13,500

Explain what is the wacc, Midwest Electric Company (MEC) uses only debt and...

Midwest Electric Company (MEC) uses only debt and common equity. It can borrow unlimited amounts at an interest rate of rd = 10% as long as it finances at its target capital struct

Why insufficient to handle the increased workload, A company that produces ...

A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the increased workload, so the company is considering t

Substitute favourable market unfavourable market build, Karen Villagomez, p...

Karen Villagomez, president of Wright Industries, is considering whether to build a manufacturing plant in the Ozarks. Her decision is summarized in the following table: Alternativ

Explain security professionals as technology advances, Identify potential e...

Identify potential ethical challenges that may be faced by security professionals as technology advances, applications become more mobile, and computer criminals become more innova

Explain ethical principle each violates, Identify three potential unethical...

Identify three potential unethical actions or inactions related to decision analysis and the ethical principle each violates?

Explain what is my alternative hypothesis, In preparing a survey to be admi...

In preparing a survey to be administer to my university peers, it is necessary to tabulate these data once collected. How should the data be tabulated and what statistical methods

Compute number of workers needed for each department, Calculate number of w...

Calculate number of workers needed for each department to produce 2000 units per day and complete the table below to assist you in answering questions e.)è?j.). (e) What is the tot

Write Your Message!

Captcha
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