2. A firm makes two products X and Y, and has a total production capacity of 9 tonnesper day. Both X and Y require the same production capacity. The firm has a permanentcontract to supply at least 2 tonnes of X and at least 3 tonnes of Y per day to anothercompany. Each tonne of X requires 20 machine hours of production time and each tonneof Y requires 50 machine hours of production tỉme. The daily maximum possiblenumber of machine hours is 360. All of the firm's output can be sold. The profit madeis GHs 80 per tonne of X and GHs 120 per tonne of Y.a) Formulate this problem as a Linear programming model.b) Use the graphical method to determine the production schedule that yields themaximum profit.

The linear programming method is a mathematical method by which the best outcome where profits are…

Answered: 2. A firm makes two products X and Y,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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PA 5-12 (Static) A pharmaceutical company creates... A pharmaceutical company creates a compound with a four-stage process: Heat Acid 250 kg/hr Reaction 200 kg/hr Separation 200 kg/hr 15% 45% Some of the resources have partial yields: 15 percent of material is discarded after the Acid step and 45 percent of the material is discarded after the separation step. The capacities of the last three steps are indicated in the diagram above. Instruction: Round yield of this process answer to 4 decimal places and minimum capacity answer to 2 decimal places. (a) What is the yield of this process? (b) What is the minimum capacity (kg/hr) of the first step, Heat, so that the process can yield 100kg/hr of final product?
H4. A manufacturing process consists of three processes. Step 1 requires 4 minutes per unit, step 2 requires 6 minutes per unit, and step 3 requires 7 minutes per unit. 20% of units that complete the third step require rework, which means those units must start the process over at step 2 (processing times are the same for units being reworked) and rework is always successful. Demand at the shop is 0.4 units per minute. What is the capacity of the shop (in units per minute)?
the variable cost will be constant regardless the number of units produced true false
Without using excel
If the graph below depicts the operations of the average firm in a perfectly competitive industry, which of the following is most likely to occur? P ATC MC D new firms will enter the market increasing price and profits new firms will enter the market decreasing price and profits existing firms will exit the market increasing price and profits existing firms will exit the market decreasing price and profits none of the above
Using the 1st law of Thermodynamics solve the following problem and the format of the answer is as follow a.) given:b) required:c solution : The 2M Company supplies 50 kilograms of chicken to ABEst Restaurant, which is contained in a box at 6°C, and is to be frozen at-18°C. The container box is 1.5 kg and the specific heat of the box material is 1.4 kJ/kg-°C. The freezing temperature of chicken is -2.8 °C. Determine the amount of heat that needs to be removed
Another approach that might be used relates to the time before a breakdown occurs. Suppose that the average time before breakdown is normally distributed and has a mean of3 weeks and a standard deviation of .60 week. If breakdown cost averages $1,000 and preventive maintenance costs $250, what is the optimal maintenance interval?
snip
Three methods can be used for producing heat sensors for high-temperature furnaces. Method A will have a fixed cost of $140,000 per year and a production cost of $62 per part. Method B will have a fixed cost of $210,000 per year and a production cost of $28 per part. Method C will require the purchase of equipment costing $500,000. It will have a life of five years and a 25% of first cost salvage value. The production cost will be $53 per part. At an interest rate of 10% per year, determine the breakeven annual production rate between the two lowest cost methods.
Don't use chatgpt...
Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant has an average inventory turnover of only 12 times per year. He has therefore determined that he will reduce his component lot sizes. He has developed the following data for one component, the safety chain clip: Setup labor cost Annual holding cost Daily production Annual demand Desired lot size To obtain the desired lot size, the set-up time that should be achieved = $25 per hour $15 per unit 960 units/8 hour day 30,000 (250 days each x daily demand of 120 units) 120 units (one hour of production) minutes (round your response to two decimal places).
Services differ from goods in that I. A service is a tangible process II. A service is an intangible process III. Services can be stored IV. Services cannot be stored V. Services are perishable and time-dependent Option IV and V Option II and IV Option II, IV, and V Option I and III

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