HI CAN YOU HELP ME ON MY ASSIGNMENT PLEASE, I BADLY NEED THIS PLEASE, SHOW YOUR SOLUTION. THANK YOU IN ADVANCE. ABCDEEach product contains a different amount of twobasic raw materials. Raw material 1 costs $0.50 perounce, and raw material 2 costs $1.50 per ounce.There are 75,000 ounces of raw material 1 and100,000 ounces of raw material 2 available.Requirements (oz/unit)Selling Price(S/unit)KnifeRaw Material 1Raw Material 2215.004.25.50800'19.503.5.27.006.10.a. If the objective is to maximize profit, specify theobjective function and constraints for the problem.Assume that labor costs are negligible.b. Solve the problem with a computer package, usingthe simplex method. A The Butterfield Company makes a variety of huntingknives. Each knife is processed on four machines.Following are the processing times required, machinecapacities (in hours) are 1500 for machine 1, 1400for machine 2, 1600 for machine 3, and 1500 for ma-chine 4.Processing Time (hr)KnifeMachine 1Machine 2Machine 3Machine 40.050.100.150.050.150.100.050.050.200.050.100.200.100.050.150.100.100.050.100.10ABCDE

The simplex method is a deliberate technique for testing the vertices as potential arrangements.…

A. The Butterfield Company makes a variety of hunting knives. Each knife is processed on four machines. Following are the processing times required; machine capacities (in hours) are 1500 for machine 1, 1400 for machine 2, 1600 for machine 3, and 1500 for ma- chine 4. Processing Time (hr) Knife Machine 1 Machine 2 Machine 3 Machine 4 0.05 0.10 0.15 0.05 0.15 0.10 0.05 0.05 0.05 0.10 0.20 0.20 0.15 0.05 0.10 0.10 0.10 0.10 0.10 0.05 ABCDE

A. The Butterfield Company makes a variety of hunting knives. Each knife is processed on four machines. Following are the processing times required; machine capacities (in hours) are 1500 for machine 1, 1400 for machine 2, 1600 for machine 3, and 1500 for ma- chine 4. Processing Time (hr) Knife Machine 1 Machine 2 Machine 3 Machine 4 0.05 0.10 0.15 0.05 0.15 0.10 0.05 0.05 0.05 0.10 0.20 0.20 0.15 0.05 0.10 0.10 0.10 0.10 0.10 0.05 ABCDE

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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