60. Ford has four automobile plants. Each is capable of producing the Focus, Mustang, or Taurus, but it can produce only one of these cars. The fixed cost of operating each plant for a year and the variable cost of producing a car of each type at each plant are given in the file P06_60.xlsx. Ford faces the following restrictions: · Each plant can produce only one type of car. 1 The total production of each type of car must be at a single plant. For example, if any Mustangs are made at plant 1, then all Mustangs must be made there. · Each year, Ford must produce five million of each type of car. a. Determine how to minimize the annual cost of

60. Ford has four automobile plants. Each is capable of producing the Focus, Mustang, or Taurus, but it can produce only one of these cars. The fixed cost of operating each plant for a year and the variable cost of producing a car of each type at each plant are given in the file P06_60.xlsx. Ford faces the following restrictions: · Each plant can produce only one type of car. 1 The total production of each type of car must be at a single plant. For example, if any Mustangs are made at plant 1, then all Mustangs must be made there. · Each year, Ford must produce five million of each type of car. a. Determine how to minimize the annual cost of

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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Question content area Part 1 Maria manages a bakery, that specializes in ciabatta bread, and has the following information on demand and costs: Ciabatta Bread Sold Per Hour (Q) Price (P) Total Cost (TC) 0 $6.00 $1.50 1 5.50 5.50 2 5.00 8.50 3 4.50 11.00 4 4.00 13.00 5 3.50 14.50 6 3.00 15.50 7 2.50 17.00 8 2.00 19.50 Part 2 a. To maximize profits, Maria should sell enter your response here loaves of ciabatta bread per hour