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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 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 time requirements for the four required manufacturing operations and the accounting department's estimate of the profit contribution per bag:

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 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 time requirements for the four required manufacturing operations and the accounting department's estimate of the profit contribution per bag:

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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O b. A new low-cost material is available for the standard bag, and the profit contribution par standard bag can be increased to $20 per baj. (Assume that the profit contribution of the deke bag is the original 59 value) (0) (2) 700 600- 500- () am 200- 0 100- 700- 400- 300- 200- AD 70- 600- 500- 400- 240- 100- (1) g 800 700- 500- 400- 300- 200- 100- 300 Opcimal solution (706, 0) 2-14100 Optimalaim (5340, 212) Z-13068 160 200 00 c. Now sewing equipment is available that would increase the sewing operation capacity to 750 hours. (Assume that 10A+ 90 is the appropriate objective function) (2) D de alo Optimal solution (540), 252) 2-9 de ro Opteral tion (540, 212) Z-7708 (iv) 700- 400- 800- 300- 200 700- 600- 500- 400- X 100 (iv) TED- 600- 500- 400- 300- 100- 700- 400- 200 100- 100 abe Optimal solution (540, 252) 2-13068 Opel Optimal solution (796, 0) Z-14100 Optical solution (540, 252) 2-3764 (300 4200 2-4780
Transcribed Image Text:O b. A new low-cost material is available for the standard bag, and the profit contribution par standard bag can be increased to $20 per baj. (Assume that the profit contribution of the deke bag is the original 59 value) (0) (2) 700 600- 500- () am 200- 0 100- 700- 400- 300- 200- AD 70- 600- 500- 400- 240- 100- (1) g 800 700- 500- 400- 300- 200- 100- 300 Opcimal solution (706, 0) 2-14100 Optimalaim (5340, 212) Z-13068 160 200 00 c. Now sewing equipment is available that would increase the sewing operation capacity to 750 hours. (Assume that 10A+ 90 is the appropriate objective function) (2) D de alo Optimal solution (540), 252) 2-9 de ro Opteral tion (540, 212) Z-7708 (iv) 700- 400- 800- 300- 200 700- 600- 500- 400- X 100 (iv) TED- 600- 500- 400- 300- 100- 700- 400- 200 100- 100 abe Optimal solution (540, 252) 2-13068 Opel Optimal solution (796, 0) Z-14100 Optical solution (540, 252) 2-3764 (300 4200 2-4780
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:
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