subject
Business, 13.03.2020 05:06 lilkari5

Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows:

Department Product 1 Product 2 Product 3
A 1.95 3.45 2.45
B 2.90 1.90 3.40
C 0.70 0.70 0.70

During the next production period, the labor-hours available are 540 in department A, 440 in department B, and 140 in department C. The profit contributions per unit are $34 for product 1, $37 for product 2, and $39 for product 3.

(a) Formulate a linear programming model for maximizing total profit contribution. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300)
Let Pi = units of product i produced.

(b) Solve the linear program formulated in part (a). How much of each product should be produced, and what is the projected total profit contribution?
(c) After evaluating the solution obtained in part (b), one of the production supervisors noted that production setup costs had not been taken into account. She noted that setup costs are $490 for product 1, $640 for product 2, and $690 for product 3. If the solution developed in part (b) is to be used, what is the total profit contribution 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 costs into account. Management also stated that we should not consider making more than 220 units of product 1, 195 units of product 2, or 185 units of product 3. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300)
Here introduce a 0-1 variable yi that is one if any quantity of product i is produced and zero otherwise.
(e) Solve the mixed-integer linear program formulated in part (d). How much of each product should be produced, and what is the projected total profit contribution? Compare this profit contribution to that obtained in part (c).

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:00
Jorge is a manager at starbucks. his operational plan includes achieving annual sales of $4,000,000 for his store. with only one month left to end of the fiscal year, jorge realizes that he won't reach his annual sales goal. what are his options?
Answers: 2
question
Business, 22.06.2019 16:00
If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?
Answers: 3
question
Business, 22.06.2019 17:30
Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?
Answers: 2
question
Business, 22.06.2019 21:50
By which distribution system is more than 90 percent of u.s. coal shipped? a. pipelinesb. trucksc. waterwaysd. railroadse. none of the above
Answers: 1
You know the right answer?
Hart Manufacturing makes three products. Each product requires manufacturing operations in three dep...
Questions
question
Chemistry, 18.08.2021 19:10
question
Mathematics, 18.08.2021 19:20
question
Mathematics, 18.08.2021 19:20
question
Mathematics, 18.08.2021 19:20
question
Chemistry, 18.08.2021 19:20
Questions on the website: 13722367