A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $0.80, and each Type B souvenir will result in a profit of $1.80. To manufacture aType A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 2 hours available on Machine Iand 5 hours available on Machine II.(a) For a meaningful solution, the time available on Machine II must lie between 12X and 96(b) If the time available on Machine II is changed from 300 min to (300 + k) min, with no change in the maximum capacity for Machine I, then Ace Novelty's profit is maximized by producing60-kX Type A souvenirs and 240 + kX Type B souvenirs, where -240✓≤k ≤ 60X min. (Enter your answers from smallest to largest.)(c) Find the shadow price for Resource 2 (associated with constraint 2). (Round your answer to the nearest cent.)$216X

Objective Functions and Constraints: Based on the given details, the objective…

Answered: A company wishes to produce two types…

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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Consider the case of Conrad's Cookie Company, where he and two of his friends (Jared and Jack) are working to make and sell cookies. They have just one oven and can bake up to two dozen cookies at a time. The oven can bake two dozen cookies simultaneously (of similar or different ingredients) or one dozen only. If one dozen is baking in the oven, baking time will not be any different from baking two dozen simultaneously. The sequence of baking steps and respective durations are below. Mixing and Spooning (together) 3 mins/dozen Loading 1 minutte/dozen. Baking 8 mins. baking time for one or two dozens. Cooling 6 minutes Packing 5 mins/dozen cookies Payment (to be done after packing only) 1 minute per order If all orders are 4 dozen cookies, a) What is the best way to assign Conrad and his friends to jobs in order to maximize capacity? Find highest theoretical capacity and bottleneck of the process. b) Once system warms up, is the capacity the same…
There are two companies manufacturing drones. Company A manufactures mass market drones, while company B manufactures customised drones according to customers’ requirements. In 2020, company A produces 3,200 drones, 3% of which were found to be defective and cannot pass the quality check. Company A employs 5 workers working an average of 8 hours a day in the drone production, and they worked 200 working days in 2020.In contrast, company B produces 900 drones, 10% of which were found to be defective and cannot pass the quality check. Company B employs 3 workers working an average of 6 hours a day in the drone production, and they worked 170 days in 2020. (a) If the drone manufacturing is seen as a process, what is considered as the output of the production processes of companies A and B and why? (b) Measure the single-factor manpower productivity for the two companies. (c) Is it reasonable to compare the manpower productivity of the two companies and reach a conclusion that one company…
You work as the administrative manager in charge of the operations of the medical services office that brings together over 10 specialists from different health fields. Each specialist has about 5 administrative employees who help with coding, billing, customer service, and other administrative tasks. You supervise all administrative employees. For two months you have noticed that a series of conflicts have arisen between the employees you supervise, which you must address promptly to avoid escalation. These are the conflicts that have been identified: A new position has been opened to supervise night operations and two of the employees have requested it. However, both have resorted to demonstrating that the other does not have the capabilities to rise to the position. These interpersonal differences have resulted in a tense work environment.It has been rumored that one of the medical specialists is going to retire, so it is possible that he will put the five administrative employees…
establish the significance of random numbers in Monte Carlo simulations.
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A suburb of Dayton, Ohio, has four local dry cleaners that compete with each other on the basis of price and service speed. Each of them can perform the same basic services at the same level of quality. The following table provides the price that each dry cleaner charges to clean a two-piece suit, as well as the quoted number of days that the service will take. Dry Cleaner Price Number of Days A $ 8.00 3 B $ 9.50 3 C $ 9.00 2 D $ 7.50 4 Which of these dry cleaners are NOT on the efficient frontier?
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JCL Inc. is a major chip manufacturing firm that sells its products to computer manufacturers like Dell, Gateway, and others. In simplified terms, chip making at JCL Inc. involves three basic operations: depositing, patterning, and etching. Depositing: Using chemical vapor deposition (CVD) technology, an insulating material is deposited on the wafer surface, forming a thin layer of solid material on the chip. Patterning: Photolithography projects a microscopic circuit pattern on the wafer surface, which has a light-sensitive chemical like the emulsion on photographic film. It is repeated many times as each layer of the chip is built. Etching: Etching removes selected material from the chip surface to create the device structures. The table below lists the required processing times and setup times at each of the steps. There is unlimited space for buffer inventory between these steps. Assume that the unit of production is a wafer, from which individual chips are cut at a later…
Maximize P = x + 4y subject to x + y ≤ 4 2x + y ≤ 5 x ≥ 0, y ≥ 0

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