Homework Help is Here – Start Your Trial Now!
Business
Operations Management
If the price per ton for regular grind is increased to $950.00, how will the solution be affected? The optimal solution would not change. The profit would change to $ 843,500. (Round to the nearest dollar as needed.) O The optimal solution and profit could both change. The new profit would be $ 569.60 (Round to the nearest dollar as needed.) O The optimal solution would not change. The profit would not change. O Value = (-181.16) + 13.493 x Number of years

If the price per ton for regular grind is increased to $950.00, how will the solution be affected? The optimal solution would not change. The profit would change to $ 843,500. (Round to the nearest dollar as needed.) O The optimal solution and profit could both change. The new profit would be $ 569.60 (Round to the nearest dollar as needed.) O The optimal solution would not change. The profit would not change. O Value = (-181.16) + 13.493 x Number of years

Practical Management Science
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...
See similar textbooks
icon
Related questions
Question

Please help me. 

Thankyou. 

If the price per ton for regular grind is increased to $950.00, how will the solution be affected? The optimal solution would not change. The profit would change to $ 843,500. (Round to the nearest dollar as needed.) O The optimal solution and profit could both change. The new profit would be $ 569.60 (Round to the nearest dollar as needed.) The optimal solution would not change. The profit would not change. Value = (-181.16) + 13.493 x Number of years
Transcribed Image Text:If the price per ton for regular grind is increased to $950.00, how will the solution be affected? The optimal solution would not change. The profit would change to $ 843,500. (Round to the nearest dollar as needed.) O The optimal solution and profit could both change. The new profit would be $ 569.60 (Round to the nearest dollar as needed.) The optimal solution would not change. The profit would not change. Value = (-181.16) + 13.493 x Number of years
Malloy Milling grinds calcined alumina to a standard granular size. The mill produces two different size products, regular grind and super grind, from the same raw materials. After reviewing the production rate, demand, and profit for each of the two types of grind, Malloy Milling found the accompanying linear optimization model for profit, where R is the number of tons of regular grind produced and S is the number of tons of super grind produced. Implement the linear optimization model and find an optimal solution. Using the Solver Sensitivity Report, answer the following questions, explaining See image of the LP Model: Malloy Milling Linear Optimization Model Maximize Profit = 900 R+ 1800 S R+S2700 RS 53168 R2400 S2200 Print (Total production) (Time limitation) (Regular demand) (Super demand) Done
Transcribed Image Text:Malloy Milling grinds calcined alumina to a standard granular size. The mill produces two different size products, regular grind and super grind, from the same raw materials. After reviewing the production rate, demand, and profit for each of the two types of grind, Malloy Milling found the accompanying linear optimization model for profit, where R is the number of tons of regular grind produced and S is the number of tons of super grind produced. Implement the linear optimization model and find an optimal solution. Using the Solver Sensitivity Report, answer the following questions, explaining See image of the LP Model: Malloy Milling Linear Optimization Model Maximize Profit = 900 R+ 1800 S R+S2700 RS 53168 R2400 S2200 Print (Total production) (Time limitation) (Regular demand) (Super demand) Done
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps with 9 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS