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price are: Monthly Сарacity in Units Production Contractor's Contractor Time Price per 50 units А 150 $30 6 days B 150 $45 3 days C 300 $39 3 days How many from each contractor should be ordered to minimize

price are: Monthly Сарacity in Units Production Contractor's Contractor Time Price per 50 units А 150 $30 6 days B 150 $45 3 days C 300 $39 3 days How many from each contractor should be ordered to minimize

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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Asia Trade is considering three prospective contractors for the new orders from Lane Venture, one of the largest furniture hubs in the US. Lane Venture promises to order 500 units of furniture every month. Contractors capacity and their corresponding unit price are: Monthly Сарacty in Units Production Contractor's Contractor Time Price per 50 units A 150 $30 6 days В 150 $45 3 days 300 $39 3 days How many from each contractor should be ordered to minimize production time for the monthly order. Contractor A will not accommodate orders below and beyond their monthly capacity. Formulate the LP model.
Transcribed Image Text:Asia Trade is considering three prospective contractors for the new orders from Lane Venture, one of the largest furniture hubs in the US. Lane Venture promises to order 500 units of furniture every month. Contractors capacity and their corresponding unit price are: Monthly Сарacty in Units Production Contractor's Contractor Time Price per 50 units A 150 $30 6 days В 150 $45 3 days 300 $39 3 days How many from each contractor should be ordered to minimize production time for the monthly order. Contractor A will not accommodate orders below and beyond their monthly capacity. Formulate the LP model.
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