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 oach of the two types of grind, Malloy Milling found the following linear optimization model for profit, where R is the number of tons of reqular grind produced and S is the number of tons of super grind produced. Implement the linear optimization model on a spreadsheet and use Solver to find an optimal solution. Interpret the Solver Answer Report, identify tho binding constraints, and verify the valuos of the slack vanables. Maximize Profit = 1000 R+ 1900 S R S2 700 R S 7s 168 (Total production) 5*3 (Time limitation) R2 400 S2 200 (Demand for regular grind) (Demand for super grind) Implement the lincar optimization model and find an optimal solution Interpret the optimal solution. The optimal solution is to produce tons of regular grind and tons of super grind This solution gives the (Type integers or decimals rounded to two decimal places as needed.) V possible profit, which is $
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 oach of the two types of grind, Malloy Milling found the following linear optimization model for profit, where R is the number of tons of reqular grind produced and S is the number of tons of super grind produced. Implement the linear optimization model on a spreadsheet and use Solver to find an optimal solution. Interpret the Solver Answer Report, identify tho binding constraints, and verify the valuos of the slack vanables. Maximize Profit = 1000 R+ 1900 S R S2 700 R S 7s 168 (Total production) 5*3 (Time limitation) R2 400 S2 200 (Demand for regular grind) (Demand for super grind) Implement the lincar optimization model and find an optimal solution Interpret the optimal solution. The optimal solution is to produce tons of regular grind and tons of super grind This solution gives the (Type integers or decimals rounded to two decimal places as needed.) V possible profit, which is $
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...
Related questions
Concept explainers
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Question
13-5 see picture to solve
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 oach of
the two types of grind, Malloy Milling found the following linear optimization model for profit, where Ris the number of tons of regular grind produced and S is the number of tons of super grind produced. Implement the linear optimization
model on a spreadsheet and use Solver to find an optimal solution. Interpret the Solver Answor Report, identify the binding constraints, and verify the values of the slack variables.
Maximize Profit = 1000 R+ 1900s
R+S2 700
R S
5 s 168
R2 400
S2 200
(Total production)
(Time limitation)
(Demand for regular grind)
(Demand for super grind)
Implement the lincar optimization model and find an optimal solution. Interpret the optimal solution.
The optimal solution is to produce tons of regular grind and tons of super grind This solution gives the
(Type integers or decimals rounded to two decimal places as needed.)
V possible profit, which is $
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
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…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.