subject
Business, 06.12.2019 04:31 athenajames1221

Hart manufacturing makes three products. each product requires manufacturing operations in three departments: a, b and c. the labor-hour requirements, by department, are:

department product 1 product 2 product 3
a 1.50 3.00 2.00
b 2.00 1.00 2.50
c 0.25 0.25 0.25

during the next production period, the labor-hours available are 450 in department a, 350 in department b, and 50 in department c. the profit contributions per unit are $25 for product 1, $28 for product 2, and $30 for product 3.
a. formulate a linear programming model for maximizing total profit
b. solve the linear program formulated in part (a) by using excel. include the computer output. how much of each product should be produced and what is the projected total profit contribution?
c. after evaluating the solution obtained in part (a), one of the production supervisors noted that production setup costs had not been taken into account. she noted that setup costs are $400 for product 1, $550 for product 2, and $600 for product 3. if the solution developed in part (b) is to be used, what is the total profit after taking into account the setup costs?
d. management realized that the optimal product mix, taking setup costs into account, might be different from the one recommended in part (b). formulate a mixed integer linear program that takes setup cost into account. management has also stated that we should not consider making more than 175 units of product 1, 150 of product 2, or 140 units of product 3. provide the formulation.
e. solve the mixed integer linear program formulated in part (d) by using excel. include the computer output. how much of each product should be produced and what is the projected profit? compare this profit to that obtained in part (c)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:40
Suppose general motors demands labor according to the labor demand function ํ‘คํ‘ค= 40โˆ’0. 5ํธํธ, where ํ‘คํ‘ค is the hourly wage and ํธํธ is the number of employees. the united auto workers union has a utility function given by ํ‘ˆํ‘ˆ=ํ‘Šํ‘Šโˆ—ํธํธ. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.
Answers: 1
question
Business, 22.06.2019 11:30
What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?
Answers: 1
question
Business, 22.06.2019 20:30
What could cause a production possibilities curve to move down and to the left? a.) a nation loses land after being defeated in a war. b.) an increase in the use of computer technology speeds up production c.) a baby boom 20 years ago results in a large number of young adults in the population today. d.) thousands of investors from overseas invest money in a nations economy.
Answers: 1
question
Business, 22.06.2019 21:00
Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost
Answers: 2
You know the right answer?
Hart manufacturing makes three products. each product requires manufacturing operations in three dep...
Questions
question
Mathematics, 05.02.2021 20:50
question
Mathematics, 05.02.2021 20:50
Questions on the website: 13722363