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Par, Inc., is a small manufacturer of golf equipment and supplies. Par's distributor believes a market exists for both a medium-priced golf bag, referred to as a standard model, and a high-priced golf bag, referred to as a deluxe model. The distributor is so confident of the market that, if Par can make the bags at a competitive price, the distributor will purchase all the bags that Par can manufacture over the next three months. A careful analysis of the manufacturing requirements resulted in the following table, which shows the production time requirements for the four required manufacturing operations and the accounting department's estimate of the profit contribution per bag: Production Time (hours)

Par, Inc., is a small manufacturer of golf equipment and supplies. Par's distributor believes a market exists for both a medium-priced golf bag, referred to as a standard model, and a high-priced golf bag, referred to as a deluxe model. The distributor is so confident of the market that, if Par can make the bags at a competitive price, the distributor will purchase all the bags that Par can manufacture over the next three months. A careful analysis of the manufacturing requirements resulted in the following table, which shows the production time requirements for the four required manufacturing operations and the accounting department's estimate of the profit contribution per bag: Production Time (hours)

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...
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eBook Problem 7-15 Par, Inc., is a small manufacturer of golf equipment and supplies. Par's distributor believes a market exists for both a medium-priced golf bag, referred to as a standard model, and a high-priced golf bag, referred to as a deluxe model. The distributor is so confident of the market that, if Par can make the bags at a competitive price, the distributor will purchase all the bags that Par can manufacture over the next three months. A careful analysis of the manufacturing requirements resulted in the following table, which shows the production time requirements for the four required manufacturing operations and the accounting department's estimate of the profit contribution per bag: Product Standard Deluxe Cutting and Dyeing 7/10 1 Production Time (hours) Sewing ½ 516 Finishing 1 2/3 Inspection and Packaging 1/10 1/₁ Profit per Bag $10 $9 The director of manufacturing estimates that 630 hours of cutting and dyeing time, 600 hours of sewing time, 708 hours of finishing time, and 135 hours of inspection and packaging time will be available for the production of golf bags during the next three months. Select the correct graph that shows the optimal solution if Par's management encounters the following independent situations:
Transcribed Image Text:eBook Problem 7-15 Par, Inc., is a small manufacturer of golf equipment and supplies. Par's distributor believes a market exists for both a medium-priced golf bag, referred to as a standard model, and a high-priced golf bag, referred to as a deluxe model. The distributor is so confident of the market that, if Par can make the bags at a competitive price, the distributor will purchase all the bags that Par can manufacture over the next three months. A careful analysis of the manufacturing requirements resulted in the following table, which shows the production time requirements for the four required manufacturing operations and the accounting department's estimate of the profit contribution per bag: Product Standard Deluxe Cutting and Dyeing 7/10 1 Production Time (hours) Sewing ½ 516 Finishing 1 2/3 Inspection and Packaging 1/10 1/₁ Profit per Bag $10 $9 The director of manufacturing estimates that 630 hours of cutting and dyeing time, 600 hours of sewing time, 708 hours of finishing time, and 135 hours of inspection and packaging time will be available for the production of golf bags during the next three months. Select the correct graph that shows the optimal solution if Par's management encounters the following independent situations:
Product Standard Deluxe 700 600- (iii) 500- 400 300- 200- 100- The director of manufacturing estimates that 630 hours of cutting and dyeing time, 600 hours of sewing time, 708 hours of finishing time, and 135 hours of inspection and packaging time wi Select the correct graph that shows the optimal solution if Par's management encounters the following independent situations: a. The accounting department revises its estimate of the profit contribution for the deluxe bag to $18 per bag. (1) AD 800 10 800 700 AD 600- 500- 1400- 300- 200- 100 0 Cutting and Dyeing 2/10 1 Optimaleolation (0, 720) 2-12960 100 200 300 Sewing 11/₂ ST Optimal solution (0.720) 2-12960 Finishing 1 2/ 400 500 600 700 (ii) (iv) 800- AD 700- 600- 500- 400- 300- 200- 100- 700 800- AD 600- 500- 20 400- 200- 100- Inspection and Packaging 1/10 14 100 Optimal solution (300, 420) Z-10560 Profit per Bag $10 $9 Optimal solution (300, 420) Z-10560 200 300 400 500 600 700 100 200 300 400 500 600 700
Transcribed Image Text:Product Standard Deluxe 700 600- (iii) 500- 400 300- 200- 100- The director of manufacturing estimates that 630 hours of cutting and dyeing time, 600 hours of sewing time, 708 hours of finishing time, and 135 hours of inspection and packaging time wi Select the correct graph that shows the optimal solution if Par's management encounters the following independent situations: a. The accounting department revises its estimate of the profit contribution for the deluxe bag to $18 per bag. (1) AD 800 10 800 700 AD 600- 500- 1400- 300- 200- 100 0 Cutting and Dyeing 2/10 1 Optimaleolation (0, 720) 2-12960 100 200 300 Sewing 11/₂ ST Optimal solution (0.720) 2-12960 Finishing 1 2/ 400 500 600 700 (ii) (iv) 800- AD 700- 600- 500- 400- 300- 200- 100- 700 800- AD 600- 500- 20 400- 200- 100- Inspection and Packaging 1/10 14 100 Optimal solution (300, 420) Z-10560 Profit per Bag $10 $9 Optimal solution (300, 420) Z-10560 200 300 400 500 600 700 100 200 300 400 500 600 700
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