TABLE 66Unit ProductionCostProductionMonthСарacityJanuary35$400February30$420March35$410 A company must meet the following demands fora product: January, 30 units; February, 30 units; March,20 units. Demand may be backlogged at a cost of$5/unit/month. All demand must be met by the end of March.Thus, if 1 unit of January demand is met during March, abacklogging cost of 5(2)production capacity and unit production cost during eachmonth are given in Table 66. A holding cost of $20/unit isassessed on the inventory at the end of each month.3$10 is incurred. MonthlyaFormulate a balanced transportation problem thatcould be used to determine how to minimize the totalcost (including backlogging, holding, and productioncosts) of meeting demand.Use Vogel's method to find a basic feasible solution.Use the transportation simplex to determine how tomeet each month's demand. Make sure to give an inter-pretation of your optimal solution (for example, 20 unitsof month 2 demand is met from month 1 production).C

a) Production capacity of the company is the amount of supply. So, each month is considered…

Answered: 3 A company must meet the following…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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OMEWORK.docx Page of 3 + 5. Suppose that a simple economy produces only three goods and services: sweatshirts, dental examinations, coffee drinks. Using the information in the table below, calculate the nominal GDP for this simple economy Product Sweatshirts Quantity 50 Price $35.00 Coffee drinks 1,000 6. Refer to Table below. A very simple economy produces two goods cameras and lezal services. The and the pon ading prices for 2015 and ON D
need comprehensive and correct answers.This question is about optimization.
Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 400,000 260,000 140,000 40,000 100,000 Average operating assets $ 500,000 If the company's minimum required rate of return on average operating assets is 16%, its residual income would be: Multiple Choice О $20,000. $21,000. $22,000. $23,000.
The company has data on demand and factory capacity for the next 4 months as in the table. Unit cost with regular time $ 24, overtime cost $ 28, on subcontract $ 34. Storage costs $ 2 per unit per month; backorders cost $ 5 per unit per month. Initial inventory is as many as 120 units, and it is expected that by the end of July there will be an inventory of 100 units. April May June July Demand 460 450 480 480 Regular Capacity 370 370 380 380 Overtime Capacity 60 60 60 60 Subcontract Capacity 30 30 30 30 Use the transportation method to optimize the aggregate plan. Determine the production cost each month and the total cost for 4 months
The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements over the next 8 months as follows: May January February 2,200 2,300 June July 1,700 March April August 1,300 Her operations manager is considering a new plan, which begins in January with 200 units on hand and ends with zero inventory. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle-time costs. The plan is called plan B. 1,500 1,600 1,600 1,900 Plan B: Produce at a constant rate of 1,300 units per month, which will meet minimum demands. Then use subcontracting, with additional units at a premium price of $80 per unit. Subcontracting capacity is limited to 1,000 units per month. Evaluate this plan by computing the costs for January through August. In order to arrive at the costs, first compute the ending inventory and subcontracting units for each month by filling in the table below (enter your responses as whole numbers). Get…
Just make the linear programming model of the next exercise: A company manufactures and sells two lamp models L1 and L2. For its manufacture, a manual work of 30 minutes is needed for the L1 model and 45 minutes for the L2, and a machine work of 25 minutes for L1 and 15 minutes for L2. 150 hours per month are available for manual work and 120 hours per month for the machine. Knowing that profit per unit is $150 and $100 for L1 and L2 respectively, plan production to maximize profit. Please be as clear as possible and show all the steps. Thank you very much
Case Whole Foods Market Grows Through Mergers and Acquisitions Over three decades ago, four businesspeople who had experience in retailing natural foods through food stores believed that there was a demand for a supermarket for natural foods. As a result, in 1980 in Austin, Texas, they founded the first Whole Foods Market store in a building that had around 10,000 square feet and a staff of 19. This store was quite large compared to health food stores at the time. By 1984, the company was successful enough to expand to Houston and Dallas. In 1988, they purchased the Whole Food Company in New Orleans and expanded there. The next year, they moved into the West Coast with a store in Palo Alto, California. Even though the company has built a number of its own stores, much of the company growth has come through mergers and acquisitions, many of which came in the 1990s in such places as North Carolina, Massachusetts, Rhode Island, both Northern and Southern California, and Michigan. After…
Calculate the Producers' Surplus at the indicated unit price p (in dollars) for the given supply equation. p = 100+q; p A. $15,000 B. $35,000 C. $10,000 D. $5,000 = 200
Given the Information in the below table's, calculate the total cost if you choose the: i) Level Strategy with average production per day. ii) Chase strategy for the production. Month Expected Demand Production Days Jan 600 22 Feb 800 18 March 900 21 April 1000 21 Inventory carrying cost $5 per unit per month Subcontracting cost per unit $20 per unit Average Pay rate $10 per hour ($80 per day) Over time Pay rate $17 per hour (above 8 hours) Labour-hours to produce a unit 1.6 hours per unit Cost of increasing daily production rate $300 per unit Cost of decreasing daily production rate $600 per unit

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3 A company must meet the following demands for a product: January, 30 units; February, 30 units; March, 20 units. Demand may be backlogged at a cost of