On the graph on right, the constraints C₁ and C₂ have beenplotted.Using the point drawing tool, plot the four corner points for thefeasible area.The optimum solution is:X=0.00 (round your response to two decimal places).Y = 4.00 (round your response to two decimal places).Optimal solution value Z = 24.00 (round your response to twodecimal places). L.P. Model:MinimizeZ=24X+12YSubject to:7X+11Y≥88(C₁)16X+4Y≥ 64(C2)X,Y≥024-22-20-18-16-On the graph on right, constraints C₁ and C2 have been drawn.Using the point drawing tool, plot all the corner points for the feasiblearea.14-12-10-8-6-4-The optimum solution is:2-X = ☐ (round your response to two decimal places).0-O.0N-2-4 6-∞8 10 12 14 16 18 20 22 24X☑

solution of the given question is like this:

Answered: On the graph on right, the constraints…

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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Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak and cherry cabinets, the company decided to contract with three smaller cabinetmakers to do the final finishing operation. For the three cabinetmakers, the number of hours required to complete all the oak cabinets, the number of hours required to complete all the cherry cabinets, the number of hours available for the final finishing operation, and the cost per hour to perform the work are shown here: Cabinetmaker 1 Cabinetmaker 2 Cabinetmaker 3 Hours required to complete all the oak cabinets 47 40 27 Hours required to complete all the cherry cabinets 64 51 36 Hours available 40 30 35 Cost per hour $34 $41 $52 For example, Cabinetmaker 1 estimates it will take 47 hours to complete all the oak cabinets and 64 hours to complete all the cherry cabinets. However, Cabinetmaker 1 only has 40 hours available for the final…
Alan Industries is expanding its product line to include three new products: A, B, and C. These are to be produced on the same production equipment, and the objective is to meet the demands for the three products using overtime where necessary. The demand forecast for the next four months, in hours required to make each product is: PRODUCT A B с APRIL 860 660 760 Objective value MAY 660 760 560 JUNE 860 960 760 Because the products deteriorate rapidly, there is a high loss in quality and, consequently, a high carrying cost when a product is made and carried in Inventory to meet future demand. Each hour's production carried into future months costs $3 per production hour for A, $4 for B, and $5 for C. APRIL 1,560 760 Production can take place either during regular working hours or during overtime. Regular time is paid at $4 when working on A, $5 for B, and $6 for C. The overtime premium is 50 percent of the regular time cost per hour. The number of production hours available for regular…
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