HelpSaEnabled: Chapter 8 Non-Linear Programming E. OSevedA manufacturer of two products (Widgets and Gadgets) makes a profit of $180 for each widget sold and $180 for each gadget sold.However, production of these products generates hazardous waste charges at the rate of 3 (where Wis the number of Widgetsproduced) and 20 (where Gis the number of Gadgets produced). The manufacturer has ample supplies of all raw materials and cansell all the Widgets and Gadgets It produces. The firm has sufficient capacity to produce any realistic quantity of both products.What is the optimal quantity of each product to produce? (Round your answers to 1 decimal place.)Widgets andGadgetsWhat is the maximum profit the manufacturer can earn? (Round your answer to 2 decimal places.)Marmum proft

Small Introduction about Capacity Capacity is the greatest amount of production that a…

Answered: A manufacturer of two products (Widgets…

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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Similar questions

The excess cost of an item is the profit you would have made on it. True False
five general risks involved in the revenue cycle of any business. Further, indicate the physical and IT control against each risk
A 10-pound granulated white sugar costs $7.69, how much is the as-purchase price cost per pound?
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
Ggg(b) Should I sell my gas-guzzler? My 2001 Toyota Corolla is quite functional, but it only averages 20 miles per gallon (mpg). I have found a somewhat newer vehicle (roughly the same functionality) that averages 26 mpg. I can sell my current car for BDT1,400,000 and purchase the newer vehicle for BDT2,000,000. Assume a cost of gasoline BDT400 per gallon. How many miles per year must I drive if I want to recover my investment in three years? Assume an interest rate of 10%, 50% of current price as salvage value for either vehicle after five years, and identical maintenance cost. Considering that I drive about 10,000 miles per year. If gas prices drop by 10%, should I still sell my gas-guzzling minivan?
Please answer c
The army is attempting to determine the optimal replacement age for a piece of field equipment. The equipment costs $280,000 to replace. The manufacturer will supply a rebate toward the next purchase that declines at a rate of 20 percent per year. Maintenance costs for the first year are estimated to be $1,000, and they increase roughly at the rate of 18 percent per year. Estimate the number of years that the army should hold the equipment before making a replacement.(Production and Operation Analysis by Steven Nahmias, 7th edition, pg.774 Problem # 24)
Sturgill Manufacturing Inc. needs to predict the numbers of machines and employees required to produce its planned production for the coming year. The plant runs three shifts continuously during the workweek, for a total of 120 hours of capacity per week. The shop efficiency (the percent of total time available for production), which accounts for setups, changeovers, and maintenance, averages 70% with a standard deviation of 5%, which reduces the weekly capacity. Six key parts are produced, and the plant has three different types of machines to produce each part. The machines are not interchangeable as they each have a specific function. The time to produce each part on each machine varies. The mean time and standard deviation (in hours) to produce each part on each machine are shown below: Mean Time Part Type Machine A Machine B Machine C 1 3.5 2.6 8.9 2 3.4 2.5 8 3 1.8 3.5 12.6 4 2.4 5.8 12.5 5 4.2 4.3 28 6…
You are considering buying a 30-HP electric motor which has an efficiency rating of 89%. The motor costs $10,000 and will be used for 10 years. The expected salvage value at that time is $1,000. The cost to run the electric motor is $0.09 per kWh for 2,000 hours a year. (1HP=0.7457kW.)(1 HP=0.7457 kW.) What is the total annual equivalent cost of owning and operating the motor for 10 years at an interest rate of 12% per year? Answer must be shown in Excel!

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