Why Modifying the objective function is required?
Q: Maximum sales volume (units) Formulate the production planning problem of the company as a…
A: Production planning is a crucial aspect of manufacturing and business operations. It involves the…
Q: ACTIVITY PREC. ACT. TIME ESTIMATES (days) to 2 6. A. 2. D. 2 B. 7 C, D G. 2. r.G 2. ) Construct a…
A: As per the guidelines, the first 3 subparts are solved. Expected time = to+4×tm+tp6 Using the…
Q: An electronics firm is currently manufacturing an item that has a variable cost of $0.50 per unit…
A: In the given question first we will calculate the profit under Present conditions and then after…
Q: Due to COVID-19, Northface faced a shortage of "regular" manufacturing workers and asked its…
A: Here the option B is correct . Northface faced a shortage of "regular" manufacturing workers due to…
Q: When we mention that "this modeling constitutes a useful aid to the visualization, communication and…
A: The visual representation can be stated as the representation or illustration of some data and…
Q: A sports manufacturer produces skateboards and rollerblades. The same wheels are used for both…
A: The master production schedule (MPS) is a plan that specifies the production quantity and the timing…
Q: Explain the concept of Preventive cost and Failure cost. Explain with a graph. (Minimum 100 words)…
A: Preventive cost: This is the cost that is incurred as a part of a proactive approach to prevent any…
Q: (a) What is the contribution margin from this special offer? (b) Should the Bikers’ Club offer be…
A: Room rate per night 118 Variable Cost 110 Contribution margin 8 Number of nights 1 Number of…
Q: Pivot as indicated in the simplex tableau
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Materials Management $12.00 per purchase order Chemical Processing $7.50 per metric ton…
A: Activity Activity rate Activity used Activity cost Materials management $12 per purchase order 4…
Q: List the Properties of CPF Solutions?
A: CPF stands for Corner- Point Feasible solution which lies at the intersection of the feasible region…
Q: A manufacturing firm has three plants and wants to find the most efficient means of meeting the…
A: Given data is
Q: What is his total commission?
A: Commission refers to the amount that a salesperson is able to generate after achieving a specified…
Q: h. If the amount of pine bark available decreased by 15 pounds, machine time decreased by 27…
A: The optimal solution will not change.
Q: Applying the 100% rule, 100%. + because the total change in the objective function coefficients ◆
A: Solution :From the given data :100% rule states that sum(change/allowable change)<=1 for optimal…
Q: Mr. Omar is a sales manager in Al Noor Company. He decided to drop the production of product A…
A: Production is the action of manufacturing a product or goods from components or raw materials or the…
Q: 2.2 At Modern Lumber Inc, Moise Ngwenya the producer of apple crates sold to growers, has been able…
A: Productivity is a measure by which we can evaluate the number of output produced per unit of input…
Q: 2. Maximize subject to p = x + 2y x + 3y < 24 2x + y ≤ 18
A: The graphical method of solving linear programs involves three steps: (1) drawing the feasible…
Q: Explain the process of using linear programming to make crashing decision?
A: Linear programming is a mathematical methodology or strategy for determining or discovering the…
Q: Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to…
A: For BlueBox-Fixed cost =$500Variable cost =$0.08Selling Price =$1.00For GreenFilms-Fixed cost…
Q: William Beville's computer training school, in , stocks workbooks with the following…
A:
Q: The New England Cheese Company produces two cheese spreads by blending mild cheddar cheese with…
A: Find the Given details below:
Q: A company has limited machine hours available per week, in result the company is able to produce…
A: Productivity is a ratio between the output volume and the volume of inputs. It measures how…
Q: Karen owns a roof repair service and drives a van to local client sites. During the week she drives…
A: Given data: Distance from home to headquarters = 8 milesDistance from headquarters to a client…
Q: If you are entering any negative numbers be sure to include a negative sign (-) in front of those…
A: SOLUTION: A. C=80 + 0.6×Y S= -80 + 0.4Y
Q: Millie wants to install a new carpet in the living room of her house. She calculated the square…
A: When undertaking a new project or activity, accurate cost estimation is crucial. There are various…
Q: In stating objectives, why should terms such as increase, minimize, maximize, as soon as possible,…
A: A goal describes what an individual or business organization expects to achieve or accomplish in…
Q: Required Information [The following information applies to the questions displayed below.] Professor…
A: A scatter graph, also commonly known as a scatter plot, is a mathematical diagram that displays the…
Q: Western Chassis produces high-quality polished steel and aluminum sheeting and two lines of…
A: Suppose-A Pounds of Steel Sheeting to be polishedB Pounds of Aluminium Sheeting to be polishedC No.…
Q: The MFA Co. Ltd. presently moves pallet loads of cans from production to the truck dock for loading.…
A: A pallet's load capacity is the greatest measure of weight that the pallet is intended to convey. It…
Q: The subject property has a pool valued at $30,000 and two bathrooms valued at $10,000 each. Comp 1…
A: The objective of the question is to determine the adjustments that should be made to the value of…
Q: A manufacturing firm has four plants and wants to find the most efficient means of meeting the…
A: Factory (capacity)Customer (requirement)Customer 1 (125)Customer 2 (150)Customer 3 (175)Customer 4…
Q: wing questions: - Identify and describe the decisi - Mathematically state and expla Mathematically…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: A plant operation has fixed cost of $2,000,000 per year, and its output capacity is 100,000…
A: Fixed cost = $2,000,000 per yearVariable cost = $70 per unitProduct selling price = $120 per…
Q: You have four plants that must service customers in five major cities. The customer demand, plant…
A: Given-
Q: Solve the problem about linear programming subparts A,B,C with the step and no reject. Im needed in…
A:
Q: Dana’s Ribbon World makes award rosettes. Following is information about the company:…
A: The question is related to the Cost Volume Profit Analysis and Leverage. The Basic Sales equation is…
Q: How do non-linear system models differ from linear models, and what are the challenges associated…
A: System modeling is a fundamental aspect of control theory, allowing engineers to understand and…
Q: Calculate Cost Per Thousand for the campaign as a whole. (Rounding: penny.)
A: Exposures = 15007 ; Cost = 5329Impressions = 19223 ; Cost = 8583
Why Modifying the objective function is required?
Step by step
Solved in 2 steps
- What is the purpose of the SCOR Model and what are the five basic functions of the SCOR Model?what does the ENABLE component of SCOR model cover and why is it not sequential like other parts of the model? give examplesProblem #3 - Jasper Inc. has an air conditioning manufacturing facility in Lakeland - FL for air conditioning SKUs: J101 and J104. The assembly process for each SKU is similar and both require a certain number of hours in the Assembly Department and in the Finishing Department. As a business consultant, Jasper Inc. asked you to apply Linear Programming (LP) to determine the combination for the number of SKUs J101 and J104 to assemble in every month to maximize its revenue when its facility and business operate under the following conditions: ● Each SKU J101 takes 4 hours in the Assembly Department and 2 hours in the Finishing Department. ● Each SKU J104 takes 3 hours in the Assembly Department and 1 hour in the Finishing Department. ● The Assembly Department has 235 hours available in the current production period, while the Finishing Department has 95 hours available. ● Each SKU J101 is sold for $400. Each SKU J104 is sold for $300. Answer the following questions: a. - Identify and…
- A company with a capacity of 3,000 units a month has fixed costs of P1,500 a month and labor costs of P10 a unit. Material costs are P5 per unit. The company has been producing at 80 percent of capacity and selling its product for P20. 1What would its net income be at 100 percent at capacity 1.2What would its net income be at 120 percent of capacity if it is assumed that 20 percent more products could be produced on overtime at an extra P3 labor cost per unit for all production above 100 percent?A publisher has a fixed cost of $250,000 associated with the production of a college mathematics book. The contribution to profit and fixed cost from the sale of each book is $6.25. (a) Determine the number of books which must be sold in order to break even. (b) What is the expected profit if 50,000 books are sold?Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher's model. The firm has 925 hours of production time available in its cutting and sewing department, 300 hours available in its finishing department, and 100 hours available in its packaging and shipping department. The production time requirements and the profit contribution per glove are given in the following table. Model Max Regular model Catcher's model s.t. cutting and sewing finishing packaging and shipping R, C20 Cutting and Sewing Finishing 1 ²3 Production Time (hours) 1 gloves gloves 1 Assuming that the company is interested in maximizing the total profit contribution, answer the following. (a) What is the linear programming model for this problem? (Assume R is the number of units of regular model gloves and C is the number of units of catcher's model gloves.) Packaging and Profit/Glove Shipping 1 $3 $5 (b) Find the optimal solution using the graphical solution…
- ) The following data have been prepared for master production scheduling purposes in IKEA Australia: End product A: Beginning inventory of 60, Period forecast of 10, Lot size of 30, and 30 hours in lot size. End product B: Beginning inventory of 20, Period forecast of 5, Lot size of 20, and 20 hours in lot size. End product C: Beginning inventory of 30, Period forecast of 15, Lot size of 50, and 50 hours in lot size. Capacity: 38 hours/ week (i) Prepare the master production schedule for these items during the next four periods using the Ethan Allen master production scheduling method. (ii) Suppose that the master production schedule is frozen for the next three periods. What specific impact would the policy have on the IKEA's performance?Given the following decision tree, calculate the EMV and the best decision that should be made. Office Growth BUILD EXPAND a. EMV: $393000; Decision: Build Ob. EMV: $522000; Decision: Build OC. EMV: $915000; Decision Expand and Build Od EMV: $393000; Decision: Expand High Demand Low Demand High Demand Low Demand 60% Probability $650,000 Impact 40% Probability $330,000 Impact 70% Probability $510,000 Impact 30% Probability $120,000 ImpactAn electronics firm is currently manufacturing an item that has a variable cost of $0.50 per unit and a selling price of $1.10 per unit. Fixed costs are $15,000. Current volume is 30,000 units. The firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $5,600. Variable cost would increase to $0.65 and the selling price would be revised to $1.30 with the expectation that the volume would be 50,000 units as a result of a higher-quality product. If the firm does not add new equipment, its profit will be =_____ dollars (round your response to the nearest whole number and include a minus sign if the profit is negative).
- A Company currently has 230 units of a product on-hand that it orders every three weeks when the salesperson visits the premises. Average demand for the product is 20 units per day with a standard deviation of 5 units. Lead time for the product to arrive is seven days. Management has a goal of 95 percent probability of not stocking out for this product. The salesperson is due to come in late this afternoon when 210 units are left in stock. How many units should be ordered?18. The purpose of a Property Management System is to: A) manage the entire lodging property operation by keeping all of the information regarding all departments in one computer system. B) manage only the guestrooms portion of a lodging property operation by keeping the information regarding the front desk and housekeeping in one computer system C) manage the food and beverage portion of a lodging property business by keeping the information regarding the restaurant and room service in one computer system. D) assist in developing marketing and promotion packages.