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
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

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

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:
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 5 steps with 8 images

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.