Find optimal solution affected, Operation Management

Assignment Help:

1. Sydneyville manufactures household and commercial furnishings. The office division produces two desks, rolltop and regular. Sydneyville constructs the desks in its plant outside Medford, Oregon, from a selection of woods. The woods are cut to a uniform thickness of 1 inch. For this reason, one measures the wood in units of square feet. One rolltop desk requires 10 square feet of pine, 4 square feet of cedar, and 15 square feet of maple. One regular desk requires 20 square feet of pine, 16 square feet of cedar, and 10 square feet of maple. The desks yield respectively $115 and $90 profit per sale. At the current time the firm has available 200 square feet of pine, 128 square feet of cedar, and 220 square feet of maple. They have backlogged orders for both desks and would like to produce the number of rolltop and regular desks that would maximize profit. a. Identify the decision variable. b. Write down the objective function. c. Write down the constraints. d. Solve the problem graphically. e. Solve the problem using EXCEL SOLVER. f. Find the optimal mix and optimal value. 2. Continuing with Q1 above, use Sensitivity (post optimality) analysis to answer following questions: a. Sydneyville's sales manager has renegotiated the contract for regular desks and now expects to make a profit of $125 on each. He excitedly conveys this information to the firm's production manager, expecting that the optimal mix of rolltop and regular desks will change as a result. Does it? b. Suppose that the new contract also has higher profit for the rolltop desks. If the new profit for the rolltop desks is $140, how will this change the optimal solution? c. A logging company has offered to sell Sydneyville an additional 50 square feet of maple for $5.00 per square foot. Based on the original objective function, would you recommend that they accept the offer? d. Assuming that Sydneyville purchases the 50 square feet of maple, how is the optimal solution affected?


Related Discussions:- Find optimal solution affected

Give specific example of all type of strategy marketing plan, Imagine that ...

Imagine that you are creating a marketing plan for a company that will sell motor scooters . As you consider the marketing program, what types of strategy should you consider inc

Reliable delivery - customers needs for a product, Reliable Delivery - Cust...

Reliable Delivery - Customers Needs for a Product The degree to which the operations system delivers its products or services on time. DHL can successfully charge premium parc

Examine netflix''s current strategy, Evaluate Netflix's current strategy an...

Evaluate Netflix's current strategy and determine if the strategy is sustainable. Identify a Netflix strength may be leveraged in the market place to ensure a competitive advantage

Explain what are they and how do lenders use them, Hatten (2009) discusses ...

Hatten (2009) discusses the of credit. What are they and how do lenders use them? As you consider the possibility of being an entrepreneur, which of the 5 Cs is most important for

Description of the setting as well as participants, Being a minority (Afro-...

Being a minority (Afro-American) in a class non-minority spending three months in this class I need to describe the following: Prepare a report of your discoveries by answering the

Explain issues facing ceos and organizations, Given that frame, what are so...

Given that frame, what are some of big issues facing CEOs and Organizations. Which ones do you think are the most problematic in terms of impacting strategy?

Describe culture and values and ethics, Discuss culture, values, ethics, an...

Discuss culture, values, ethics, and other such elements that lead to differences in social culture; 2) Explain the business and economic implications of differences in culture and

Explain objective functions for an lp model equivalent, Are the following o...

Are the following objective functions for an LP model equivalent? That is, if they are both used, one at a time, to solve a problem with exactly the same constraints, will the opti

Explain assignment of contract rights, What is the difference between assig...

What is the difference between assignment of contract rights and delegation of contract duties? Illustrate your answer with examples.

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