OPERATIONS MANAGEMENT
14th Edition
ISBN: 9781265224189
Author: Stevenson
Publisher: MCG
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Textbook Question
Chapter 19, Problem 1DRQ
For which decision environment is linear programming most suited?
Expert Solution & Answer
Summary Introduction
To determine: The environment for which linear programming is most suited.
Linear programming:
Linear programming is a mathematical modeling method where a linear function is maximized or minimized taking the various constraints present in the problem into consideration. It is useful in making quantitative decisions in business planning.
Explanation of Solution
Environment for which linear programming is most suited:
Linear programming is most suitable in situations where there is a single objective. Linear programming can only solve one objective at a time; either maximizing the gains or minimizing the expenses. It will be suitable when there are specific constraints and many variables.
The constraints will be governing the variables. The numerical values, conditions and other requirements will be fixed in a linear programming model. Hence, linear programming is most suitable in similar environments.
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Students have asked these similar questions
The S&OP team at Kansas Furniture, led by David Angelow, has received estimates of demand requirements as shown in the table. Assuming one-time stockout costs for lost sales of $125
per unit, inventory carrying costs of $30 per unit per month, and zero beginning and ending inventory, evaluate the following plan on an incremental cost basis:
Plan B: Vary the workforce to produce the prior month's demand. Demand was 1,300 units in June. The cost of hiring additional workers is $35 per unit produced. The cost of layoffs is $60 per unit
cut back. (Enter all responses as whole numbers.)
Note: Both hiring and layoff costs are incurred in the month of the change (i.e., going from production of 1,300 in July to 1300 in August requires a layoff (and related costs) of 0 units in August).
Hire
Month
1 July
Demand
1300
Production
(Units)
Layoff
(Units)
Ending
Inventory
Stockouts
(Units)
2 August
1150
3 September
1100
4 October
1600
5 November
1900
6 December
1900
The S&OP team at Kansas Furniture, led by David Angelow, has received estimates of demand requirements as shown in the table. Assuming one-time stockout costs for lost sales of $100
per unit, inventory carrying costs of $20 per unit per month, and zero beginning and ending inventory, evaluate the following plan on an incremental cost basis:
Plan A: Produce at a steady rate (equal to minimum requirements) of 1,100 units per month and subcontract additional
units at a $65 per unit premium cost. Subcontracting capacity is limited to 800 units per month. (Enter all responses as whole numbers).
Ending
Month
Demand
Production Inventory
Subcontract
(Units)
1
July
1300
1,100
0
2
August
1150
1,100
0
3
September
1100
1,100
0
4 October
1600
1,100
0
5 November
1900
1,100
0
6 December
1200
1,100
0
Please help me expand upon my research even more in detail please. Need help added more to mine from the photos please. Not sure what more I can add.
Chapter 19 Solutions
OPERATIONS MANAGEMENT
Ch. 19 - For which decision environment is linear...Ch. 19 - What is meant by the term feasible solution space?...Ch. 19 - Explain the term redundant constraint.Ch. 19 - Prob. 4DRQCh. 19 - Prob. 5DRQCh. 19 - Prob. 6DRQCh. 19 - Prob. 1PCh. 19 - Prob. 2PCh. 19 - Prob. 3PCh. 19 - A small candy shop is preparing for the holiday...
Ch. 19 - A retired couple supplement their income by making...Ch. 19 - Solve each of these problems by computer and...Ch. 19 - Prob. 7PCh. 19 - For Problem 6b: a. Find the range of feasibility...Ch. 19 - Prob. 9PCh. 19 - Prob. 10PCh. 19 - Prob. 11PCh. 19 - The manager of the deli section of a grocery...Ch. 19 - Prob. 13PCh. 19 - A chocolate maker has contracted to operate a...Ch. 19 - Prob. 15PCh. 19 - Prob. 16PCh. 19 - Prob. 1.1CQCh. 19 - Prob. 1.2CQCh. 19 - Prob. 1.3CQCh. 19 - Prob. 2.1CQCh. 19 - Prob. 2.2CQCh. 19 - Prob. 2.3CQCh. 19 - Prob. 2.4CQ
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