Explain the decision variables for this problem, Operation Management

Assignment Help:

Problem 4: Comp-Max Computers assembles computers and computer equipment. It is about to start production of three new types of computers, called model A, B, and C, respectively. Each type will require assembly time, inspection time, and storage space. The availability of each of these resources is limited. Specifically, available assembly time is 200 hours, available inspection time is 44 hours, and available storage space is 78 cubic feet (about 2.2 m3). The amount of each resource required for the different products is reported in the table below. Model A earns a profit of $80 per unit, model B earns a profit of $60 per unit, and model C earns a profit of $45 per unit. Due to some prior agreements with customers, Comp-Max must produce at least 5 model A computers. In addition, management requires that the fraction of total production made up of model C computers must not exceed 25%.

Formulate a linear program (LP) that will help the manager determine the quantity of each model to produce in order to maximize profit.

a). Define the decision variables for this problem.

b). Write out the objective function for this problem in terms of the decision variables defined above.

c). Write out any constraints necessary for this problem in terms of the decision variables defined above


Related Discussions:- Explain the decision variables for this problem

Expalin the fundamental ethical principle, How does utilitarianism contradi...

How does utilitarianism contradict the fundamental ethical principle: the end does not justify the means?

Explain some possible strategic initiatives, Suggest some possible strategi...

Suggest some possible strategic initiatives that Sigma could pursue to continue its growth

What must an organization do to prepare for such a risk, Product contaminat...

Product contamination is a catastrophic event, both for the organization at fault and for the victims. Cases of product contamination frequently make the news. Find an example o

How much dollars of pipeline inventory will be in transit, Prince Electroni...

Prince Electronics, a manufacturer of consumer electronic goods, has five distribution centres in different regions of the country. For one of its products, a high-speed modem pric

Explain the consumers have a high debt-to-income ratio, In the U.S., consum...

In the U.S., consumer expenditures on homes and other large purchases tend to slow down during a recession because a. of steady supply of loanable funds in the economy dur

Explain what must the beta of this stock be, A stock has an expected return...

A stock has an expected return of 10.2 percent, the risk-free rate is 4.5 percent, and the market risk premium is 8.5 percent. What must the beta of this stock be?

Describe sustainable competitive advantage, Explain the following terms in ...

Explain the following terms in your own words and give specific, real life examples to illustrate your understanding of the term: 1. Tangible versus intangible resources 2. Core co

Explain sells radio frequency inventory, National Scan, Inc., sells radio f...

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000)Units Feb. 19 Mar. 18 Apr. 10 May. 21 Jun. 16 Ju

Explain how does safety management address fatigue issues, Fatigue is a maj...

Fatigue is a major safety concern in the aviation industry. How does safety management address fatigue issues yet accomplish the job without incurring more costs in the company. We

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