Heller Manufacturing has two production facilities that manufacture baseball gloves. Production costs at the two facilities differ because of varying labor rates, local property taxes, type of equipment, capacity, and so on. The Dayton plant has weekly costs that can be expressed as a function of the number of gloves produced TCD(X) = X2 − X + 4 where X is the weekly production volume in thousands of units and TCD(X) is the cost in thousands of dollars. The Hamilton plant's weekly production costs are given by TCH(Y) = Y2 + 2Y + 3 where Y is the weekly production volume in thousands of units and TCH(Y) is the cost in thousands of dollars. Heller Manufacturing would like to produce 9,000 gloves per week at the lowest possible cost. (a) Formulate a mathematical model that can be used to determine the optimal number of gloves to produce each week at each facility. min s.t. = 9 X, Y ≥ 0 (b) Use Excel Solver or LINGO to find the solution to your mathematical model to determine the optimal number of gloves to produce at each facility. What is the optimal solution value (in dollars)? $ at (X, Y) =
Heller Manufacturing has two production facilities that manufacture baseball gloves. Production costs at the two facilities differ because of varying labor rates, local property taxes, type of equipment, capacity, and so on. The Dayton plant has weekly costs that can be expressed as a function of the number of gloves produced TCD(X) = X2 − X + 4 where X is the weekly production volume in thousands of units and TCD(X) is the cost in thousands of dollars. The Hamilton plant's weekly production costs are given by TCH(Y) = Y2 + 2Y + 3 where Y is the weekly production volume in thousands of units and TCH(Y) is the cost in thousands of dollars. Heller Manufacturing would like to produce 9,000 gloves per week at the lowest possible cost. (a) Formulate a mathematical model that can be used to determine the optimal number of gloves to produce each week at each facility. min s.t. = 9 X, Y ≥ 0 (b) Use Excel Solver or LINGO to find the solution to your mathematical model to determine the optimal number of gloves to produce at each facility. What is the optimal solution value (in dollars)? $ at (X, Y) =
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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Heller Manufacturing has two production facilities that manufacture baseball gloves. Production costs at the two facilities differ because of varying labor rates, local property taxes, type of equipment, capacity, and so on. The Dayton plant has weekly costs that can be expressed as a function of the number of gloves produced
TCD(X) = X2 − X + 4
where X is the weekly production volume in thousands of units and
TCD(X)
is the cost in thousands of dollars. The Hamilton plant's weekly production costs are given byTCH(Y) = Y2 + 2Y + 3
where Y is the weekly production volume in thousands of units and
TCH(Y)
is the cost in thousands of dollars. Heller Manufacturing would like to produce 9,000 gloves per week at the lowest possible cost.(a)
Formulate a mathematical model that can be used to determine the optimal number of gloves to produce each week at each facility.
min |
|
s.t. | |
|
|
X, Y ≥ 0 |
(b)
Use Excel Solver or LINGO to find the solution to your mathematical model to determine the optimal number of gloves to produce at each facility. What is the optimal solution value (in dollars)?
$
at (X, Y) =
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