subject
Business, 17.03.2020 01:23 lopezjose1530

A concrete manufacture is concerned about how many units of two types of concrete elements should be produced during the next time period to maximize profit. Each concrete element of type I generates a profit of $60, while each element of type II generates of a profit of $40. Two and three units of raw materials are needed to produce one concrete element of type I and II, respectively. Also, four and two units of time are required to produce one concrete element of type I and II, respectively. If 100 units of raw materials and 120 units of time are available, how many units of each type of concrete element should be produced to maximize profit and satisfy all constraints? Try using the following three methods to answer this question (1) Based on your subjective judgment/guess, specify a solution you believe to be a good solution (1 point); (2) Develop a Excel model (1 point), and then (3) Use Excel Solver for the solution (1 point); and (3) also try to use GA (Premium Solver) for the solution (1 point). Finally, compare the results from these three methods (subjective judgment, Solver, and GA) and describe your observations and conclusions (1 point).

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:30
The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)
Answers: 2
question
Business, 21.06.2019 21:40
The economic advisor of a large tire store proposes the demand function d(p)equalsstartfraction 1900 over p minus 40 endfraction , where d(p) is the number of tires of one brand and size that can be sold in one day at price p. answer parts (a) through (e) below. a. recalling that the demand must be positive, what is the domain of this function? the domain consists of all possible values of â–¼ for which â–¼ p d(p) â–¼ does not exist. is positive. is zero. is negative. exists.
Answers: 3
question
Business, 22.06.2019 11:10
How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i.e. if your answer is $432.51, then type 432.51 without $ sign)
Answers: 1
question
Business, 22.06.2019 13:10
A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?
Answers: 2
You know the right answer?
A concrete manufacture is concerned about how many units of two types of concrete elements should be...
Questions
question
Mathematics, 01.01.2022 20:30
question
Mathematics, 01.01.2022 20:40
question
History, 01.01.2022 20:40
Questions on the website: 13722367