Question 5The Omega Industrial Company produces two products A and B. The raw materials requirements, space needed for the storage, production rates, and selling prices for these products aregiven in the table below.Storage Space (ft²/unit)Raw Material (lb/unit)Production rate (units/hr)Selling Price (Php/unit)O 5x1 + 6x2 ≤ 1800O X1 + 2x2 ≤ 480O X1 + 2x2 ≥ 480O 5x1 + 6x2 ≥ 1600AO X1 + 2x2 < 1800566015ProductB6The total amount of raw material available per day for both products is 1600 lbs. The total storage space for all products is 1800 ft² and a maximum of 8 hours per day can be used forproduction. What is the constraint in terms of storage space?4301 pts12

The linear programming model is a mathematical technique that is used by business organizations for…

Answered: The Omega Industrial Company produces…

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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A department store sells different models of bicycle. They are currently planning to place an order with their wholesaler. The table below shows the different models of bike, their profits, how much space they take up in inventory, and how many hours of assembly time are needed. Max s.t. Model Adult's trail bike Adult's city bike Child's trail bike Child's city bike storage space assembly time order size Profit (in $) X₁, X₂, X3, X4 20 40 24 21 20 Inventory Space (in ft) Assembly Time (in hours) 2 2 Five hundred forty feet of storage are available for storing the bikes, and 1,250 hours of assembly time is available. The store wishes to place an order for at least 275 bicycles. They are assuminging every bicycle will be sold. (Let X₁ = number of adult's trail bikes ordered. Let X₂ = number of adult's city bikes ordered. Let X3 = number of child's trail bikes ordered. Let X₁ = number of child's city bikes ordered.) (a) Formulate a linear programming model for this problem that will…
PM.64 The US government has contracted with Raytheon to build its new Peacekeeper 2 ballistic missile. The project has been laid out with durations (in weeks), predecessors, and costs included: Activity Normal Time (weeks) Crashed Time (weeks) Normal Cost Crashed Cost Predecessor(s) A 4 3 $2,000 $3,300 В 10 $6,200 $6,700 A 6 $3,500 $4,200 В Which activity is the least desirable crashing candidate? C В A In order to reduce the project's overall duration by one week, at the lowest cost possible, which activity should you crash? В
Dana’s Ribbon World makes award rosettes. Following is information about the company: Variable cost per rosette $ 2.00 Sales price per rosette $ 6.00 Total fixed costs per month $ 6000.00 Required: 1. Suppose Dana’s would like to generate a profit of $1,120. Determine how many rosettes it must sell to achieve this target profit. 2. If Dana’s sells 2,140 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. 3. Calculate Dana’s degree of operating leverage if it sells 2,140 rosettes. 4a. Using the degree of operating leverage, calculate the change in Dana’s profit if unit sales drop to 1,819 units. 4b. Prepare a new contribution margin income statement to verify change in dana's profit.
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The Petoskey Potato Chip Company produces 3 varieties of gourmet potato chip. The varieties and average daily demand are given below: Bar-B-Que: 325 cases/day Sour Cream & Onion: 215 cases/day Classic Cut: 360 ases/day The company runs 24 hours/day and can produce 1,300 cases of potato chips per day. Each case of potato chip costs $20 to produce and Petoskey assumes 18% of this cost as the annual holding cost. It takes Petoskey 5 hours to setup for production of a different variety at a cost of $715. Calculate the minimum cost cycle time in days. Answer: 25.2 How is this calculated?
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