Consider the following linear programming problem, which maximizes profit for two products:regular (R) and super (S):MAX 5R + 75Ss.t.1.2 R+ 1.6 S ≤ 600 assembly (hours)0.8 R + 0.5 S ≤ 300paint (hours)0.16 R+ 0.4 S ≤ 100 inspection (hours)R, S >= 0See the sensitivity report provided below:Variable CellsCell$C$28 Regular-R$C$29 Super-SConstraintsNameCellSFS6 assembly (hours)SFS7 paint (hours)$F$8 inspection (hours)NameFinal Reduced Objective Allowable AllowableCost Coefficient Increase DecreaseValue0250-25040012510052575 1E+30Final Shadow Constraint Allowable AllowableValue Price R.H. Side Increase Decrease00187.51E+3062.5600 1E+30300 1E+3010050200175100The upper limit of the regular product (R) objective function coefficient (profit of R) is

Linear programming (LP) is a mathematical optimization technique that helps solve problems where an…

Answered: The upper limit of the regular product…

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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Ray Holt seeks an investment for his new business. The investor will bear all the costs(fixed + variable) and wants a rate of return of at least Y%. For the business fixed cost is Fc, selling price of a unit is Sp, and Cost of production of a unit is Cp. How many units, x, should Ray Holt maketo meet the investor’s rate of return requirement? If the requested rate of return is 10%, fixed cost is $10,000, selling price is $5, and cost of production is $3, how many units should be made?
Munabhai
- Consider demand: x(p₁) = 400 — 2p1 At a market price of p₁ = $125 per unit: • Determine the social loss due to moral hazard when assuming: 1. Full insurance compared to uninsured 2. A co-payment of $50 compared to uninsured 3. A 75% coinsurance rate compared to uninsured
Large-scale integrated (LSI) circuit chips are made in one department of an electronics firm. These chips are incorporated into analog devices that are then encased in epoxy. The yield is not particularly good for LSI manufacture, so the AQL specified by that department is 0.15 while the LTPD acceptable by the assembly department is 0.40. Assume the company is willing to accept a consumer's risk of 10 percent and a producer's risk of 5 percent. Find the sample size. Use Exhibit 10.16. Note: if the exact value of the computed LTPD ÷ AOQ ratio does not appear in Exhibit 10.16, use the next higher ratio. Note: Round up your answer to the next whole number. How would you tell someone to do the test?
A multiproduct firm’s cost function is C(Q1,Q2) = 50 + 0.2Q12 + 0.1Q22 a. Are there economies of scope? Why? b. Are there cost complementarities in producing products 1 and 2? Why?
A book and paper store distributes one specialized monthly magazine. When looking at the sales the last years, they have concluded that the demand for each issue of the magazine will be normally distributed with an expected sale of 250 and a standard deviation of 100. The purchase price for the magazine is $20. and the sales price is $50.The store has an agreement with a second -hand store that buys unsold magazines for $5 each. How many magazines should the store buy of each issue?
Using the 1st law of Thermodynamics solve the following problem and the format of the answer is as follow a.) given:b) required:c solution : The 2M Company supplies 50 kilograms of chicken to ABEst Restaurant, which is contained in a box at 6°C, and is to be frozen at-18°C. The container box is 1.5 kg and the specific heat of the box material is 1.4 kJ/kg-°C. The freezing temperature of chicken is -2.8 °C. Determine the amount of heat that needs to be removed
Magdeleine James is a sole trader, who sells souvenir T-shirts. She wishes to sell her T-shirts at the Tobago Jazz festival. Each t-shirt cost $165 to produce and sells for $225. After the festival, she reduces the sale price of the T-shirts by 70% in order to sell them off. Experience from previous years has shown that the demand for these T-shirts at the festival is 82, with a standard deviation of 21. How many T-shirts should Magdeleine take to sell at the festival?
Deborah Kellogg buys Breathalyzer test sets for the Winter Park Police Department. The quality of the test sets from her two suppliers is indicated in the following table: For example, the probability of getting a batch of tests that are 1% defective from Winter Park Technology is .70. Because Kellogg orders 10,000 tests per order, this would mean that there is a .70 probability of getting 100 defective tests out of the 10,000 tests if Winter Park Technology is used to fill the order. A defective Breathalyzer test set can be repaired for $0.50. Although the quality of the test sets of the second supplier, Dayton Enterprises, is lower, it will sell an order of 10,000 test sets for $37 less than Winter Park. a) Develop a Decision Treeb) Which supplier should Kellog use? Percent Defective Probability for Winter Park Technology Probability for Dayton Enterprises 1 0.70 0.30 3 0.20 0.30 5 0.10 0.40
Question 30, Question 31, Question 32, Question 33, Question 34, Question 35, Question 46, Question 47, Question 48, Question 49, Question 50
Casting molds are produced by MYMOLD company. Each order has unique specifications, depending on customer needs. MYMOLD has received an order of two molds from a customer. The agreed selling price of the molds is 5000TL per mold. According to the agreement, for a defective mold the customer will pay 1000TL instead of the standard price. The customer will not buy any more than two molds and there is a 2000 TL fine for not meeting the demand with two non-defective molds. The excess molds can be salvaged for 500 TL per piece. The cost of production per mold is 2000TL and the probability of producing a non-defective mold is 0.8. Assume that MYMOLD decided to produce two molds, and the first production has been succesfull (a non-defective mold is produced). What is the expected profit given the result of the first production?

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