Manufacturer firm manufactures two product(X,Y ). Each kg of X requires 5 kWh of electricity and 0,25 h of labour. Each kg of Y requires 2 kWh of electricity and 0.5 h of labour. For Y, the quantity of raw materials available permits the maximum production of 60 kg/day. Electricity is limited to 500 kWh/day and labour to 40 hiday. The X profit is $0.25/kg, while the Y profit is S0.4/kg. To solve this LP problems by simplex method. there are three basie components must understood: 1. Decision variables that seek to determine? 2. Formulated the Objective (goal) that nced to optimize (maximize or minimize). 3. Construints that the solution must satisfy; and, 4. What quantity of cach (X&Y) should be produced and, 5. What would the profit be? Artivate windoe
Manufacturer firm manufactures two product(X,Y ). Each kg of X requires 5 kWh of electricity and 0,25 h of labour. Each kg of Y requires 2 kWh of electricity and 0.5 h of labour. For Y, the quantity of raw materials available permits the maximum production of 60 kg/day. Electricity is limited to 500 kWh/day and labour to 40 hiday. The X profit is $0.25/kg, while the Y profit is S0.4/kg. To solve this LP problems by simplex method. there are three basie components must understood: 1. Decision variables that seek to determine? 2. Formulated the Objective (goal) that nced to optimize (maximize or minimize). 3. Construints that the solution must satisfy; and, 4. What quantity of cach (X&Y) should be produced and, 5. What would the profit be? Artivate windoe
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
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 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.