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 ofequipment, capacity, and so on. The Dayton plant has weekly costs that can be expressed as a function of the number of gloves producedTCD(X) - x2 - x+ 6where X is the weekly production volume in thousands of units and TCD(X) is the cost in thousands of dollars. The Hamiton plant's weekly production costs are given byTCH(Y) - y + 2Y + 0where 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 thelowest possible cost.(0) Formulate a mathematical model that can be used to determine the optimal number of gloves to produce each week at each facility.mins.t.X, Y20(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, n -(Need Help?Read it

The weekly cost function of the Dayton Plant is, TCD(X) = X2-X+6 The weekly cost function of the…

Heller Manufacturing has two production facilties that manufacture baseball gloves. Production costs at the two facilties 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 TCDIX) - x2 - x+6 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) - y+ 2v + 0 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 X, Ya0 (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 CK, ) -( Need Help? Read it

Heller Manufacturing has two production facilties that manufacture baseball gloves. Production costs at the two facilties 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 TCDIX) - x2 - x+6 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) - y+ 2v + 0 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 X, Ya0 (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 CK, ) -( Need Help? Read it

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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