Radford Castings can produce brake shoes on six different machines. The following table summarizes the manufacturing costs associated with producing the brake shoes on each machine along with the available capacity on each machine. If the company has received an order for 1,800 brake shoes, how should it schedule these machines? Machine Fixed Cost $ Variable Cost $ Capacity 1 $1000 $21 500 2 950 23 600 3 875 25 750 4 850 24 400 5 800 20 600 6 700 26 800 Formulate an ILP model for this problem. Create a spreadsheet model for this problem and solve it. What is the optimal solution?
Radford Castings can produce brake shoes on six different machines. The following table summarizes the manufacturing costs associated with producing the brake shoes on each machine along with the available capacity on each machine. If the company has received an order for 1,800 brake shoes, how should it schedule these machines? Machine Fixed Cost $ Variable Cost $ Capacity 1 $1000 $21 500 2 950 23 600 3 875 25 750 4 850 24 400 5 800 20 600 6 700 26 800 Formulate an ILP model for this problem. Create a spreadsheet model for this problem and solve it. What is the optimal solution?
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
Radford Castings can produce brake shoes on six different machines. The following table summarizes the
Machine |
Fixed Cost $ |
Variable Cost $ |
Capacity |
1 |
$1000 |
$21 |
500 |
2 |
950 |
23 |
600 |
3 |
875 |
25 |
750 |
4 |
850 |
24 |
400 |
5 |
800 |
20 |
600 |
6 |
700 |
26 |
800 |
- Formulate an ILP model for this problem.
- Create a spreadsheet model for this problem and solve it.
- What is the optimal solution?
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 4 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.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.