Pranuec Company maiTactures, assembles, and rebunds material handing equipment used Tn warses and uistriters. One product, called aLiftmaster, is assembled from four components: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 6000 Liftmasters tobe made next month. Frandec purchases the motors from an outside supplier, but the frames, supports, and straps may be either manufactured by thecompany or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown.ComponentManufacturing CostPurchase CostFrame$39.00$52.00Support$12.50$16.00Strap$7.50$8.50Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in eachdepartment and the available capacity (in hours) for the three departments are as follows:DepartmentComponentCuttingMillingShapingFrame3.62.33.2Support1.41.82.7Strap0.91.8Capacity (hours)370430690a. Formulate and solve a linear programming model for this make-or-buy application. How many of each component should be manufactured and how manyshould be purchased?Let

Given information, Components Manufacturing cost Purchase Cost Frame $39.00 $52.00…

nuec Company mai actures, dssembies, and rebunds materiai handlinng equipmer war dnu disLI One product, Calleda Liftmaster, is assembled from four components: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 6000 Liftmasters to be made next month. Frandec purchases the motors from an outside supplier, but the frames, supports, and straps may be either manufactured by the company or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown. Component Frame Support Manufacturing Cost Purchase Cost $39.00 $52.00 $12.50 $16.00 Strap $7.50 $8.50 Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in each department and the available capacity (in hours) for the three departments are as follows: Department Component Cutting Milling Shaping Frame 3.6 2.3 3.2 Support 1.4 1.8 2.7 Strap Capacity (hours) 0.9 1.8 370 430 690 a. Formulate and solve a linear programming model for this make-or-buy application. How many of each component should be manufactured and how many should be purchased?

nuec Company mai actures, dssembies, and rebunds materiai handlinng equipmer war dnu disLI One product, Calleda Liftmaster, is assembled from four components: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 6000 Liftmasters to be made next month. Frandec purchases the motors from an outside supplier, but the frames, supports, and straps may be either manufactured by the company or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown. Component Frame Support Manufacturing Cost Purchase Cost $39.00 $52.00 $12.50 $16.00 Strap $7.50 $8.50 Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in each department and the available capacity (in hours) for the three departments are as follows: Department Component Cutting Milling Shaping Frame 3.6 2.3 3.2 Support 1.4 1.8 2.7 Strap Capacity (hours) 0.9 1.8 370 430 690 a. Formulate and solve a linear programming model for this make-or-buy application. How many of each component should be manufactured and how many should be purchased?

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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Concept explainers

Aggregate Planning Strategies

On the basis of the demand forecast, an organization can complete its business plans. When the business plans are complete, an organization can work backward from the completed total sales to the raw materials needed. Thus, annual and quarterly plans are divided into labor, raw material, working capital, and other demands for a medium-term period (6 months to 18 months). This process of evaluating moderate production requirements is known as aggregate planning.

Question

100%

Pranuec Company mai
Tactures, assembles, and rebunds material handing equipment used Tn war
ses and uistr
iters. One product, called a
Liftmaster, is assembled from four components: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 6000 Liftmasters to
be made next month. Frandec purchases the motors from an outside supplier, but the frames, supports, and straps may be either manufactured by the
company or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown.
Component
Manufacturing Cost
Purchase Cost
Frame
$39.00
$52.00
Support
$12.50
$16.00
Strap
$7.50
$8.50
Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in each
department and the available capacity (in hours) for the three departments are as follows:
Department
Component
Cutting
Milling
Shaping
Frame
3.6
2.3
3.2
Support
1.4
1.8
2.7
Strap
0.9
1.8
Capacity (hours)
370
430
690
a. Formulate and solve a linear programming model for this make-or-buy application. How many of each component should be manufactured and how many
should be purchased?
Let

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