
Concept explainers
a)
To solve: The linear programming problem and answer the given questions.
Introduction:
Linear programming:
Linear programming is a mathematical modelling method where a linear function is maximized or minimized taking into consideration the various constraints present in the problem. It is useful in making quantitative decisions in business planning.
a)

Explanation of Solution
Given information:
Calculation of coordinates for each constraint and objective function:
Constraint 1:
Constraint 2:
Objective function:
The problem is solved with iso-profit line method.
Graph:
(1) Optimal value of the decision variables and Z:
The coordinates for the profit line is (6, 8). The profit line is moved away from the origin. The highest point at which the profit line intersects in the feasible region will be the optimum solution. The following equation are solved as simultaneous equation to find optimum solution.
Solving (1)and (2)we get,
The values are substituted in the objective function to find the objective function value.
Optimal solution:
(2)
None of the constraints are having slack. Both the ≤ constraints are binding.
(3)
There are no ≥ constraints. Hence, none of the constraints have surplus.
(4)
There are no redundant constraints.
b)
To solve: The linear programming problem and answer the questions.
Introduction:
Linear programming:
Linear programming is a mathematical modelling method where a linear function is maximized or minimized taking into consideration the various constraints present in the problem. It is useful in making quantitative decisions in business planning.
b)

Explanation of Solution
Given information:
Calculation of coordinates for each constraint and objective function:
Constraint 1:
Constraint 2:
Constraint 3:
Objective function:
The problem is solved with iso-profit line method.
Graph:
(1) Optimal value of the decision variables and Z:
The coordinates for the profit line is (10, 2). The profit line is moved away from the origin. The highest point at which the profit line intersects in the feasible region will be the optimum solution. The following equations are solved as simultaneous equation to find optimum solution.
Solving (1)and (2)we get,
The values are substituted in the objective function to find the objective function value.
Optimal solution:
(2)
None of the constraints are having slack. The time constraint has ≤ and it is binding.
(3)
Durability and strength constraints have ≥ in them. The durability constraint is binding and has no surplus. The strength constraint has surplus as shown below:
The surplus is 15 (39 -24).
(4)
There are no redundant constraints.
c)
To solve: The linear programming problem and answer the questions.
Introduction:
Linear programming:
Linear programming is a mathematical modelling method where a linear function is maximized or minimized taking into consideration the various constraints present in the problem. It is useful in making quantitative decisions in business planning.
c)

Explanation of Solution
Given information:
Calculation of coordinates for each constraint and objective function:
Constraint 1:
Constraint 2:
Constraint 3:
Objective function:
The problem is solved with iso-profit line method.
Graph:
(1) Optimal value of the decision variables and Z:
The coordinates for the profit line is (20, 40). The profit line is moved away from the origin. The highest point at which the profit line intersects in the feasible region will be the optimum solution. The following equation are solved as simultaneous equation to find optimum solution.
Solving (1) and (2) we get,
The values are substituted in the objective function to find the objective function value.
Optimal solution:
(2)
The material and machinery constraint has ≤ and it is binding and has zero slack. The labor constraint has slack as shown below:
The slack is 120 (1,200 – 1,080).
(3)
There are no constraints with ≥. Hence, no constraints have surplus.
(4)
There are no redundant constraints
Want to see more full solutions like this?
Chapter 19 Solutions
Loose Leaf for Operations Management (The Mcgraw-hill Series in Operations and Decision Sciences)
- The annual requirements for a particular raw material are 2,000 units costing Re. 1 each to the manufacturer. The ordering cost is Rs. 10 per order and the carrying cost 16% per annum of the average inventory value. Find and explain the economic order quantity and the total inventory cost per annum.arrow_forwardFollowing their early success and growth, Listo hired a number of new managers and employees. In response to the expansion of staff, Listo reorganized by adding layers of supervisors and managers between executive management and line staff; however, growth occurred so rapidly that proper training was not provided to the new employees. Management was less concerned with the employees’ opinions and was more focused on production and profit. Instead of enlisting employees’ opinions, more directive orders were given. The change and increased complexity associated with adding new layers to the hierarchy resulted in the organization’s goals and objectives becoming unclear. Employees began to complain about the new bureaucratic processes and the slow pace of decision-making. While the organization has been growing in size, productivity has slowed and quality has decreased. The turnover rate is higher than it has ever been, and the number of sick days that people take has doubled over the past…arrow_forwardFollowing their early success and growth, Listo hired a number of new managers and employees. In response to the expansion of staff, Listo reorganized by adding layers of supervisors and managers between executive management and line staff; however, growth occurred so rapidly that proper training was not provided to the new employees. Management was less concerned with the employees’ opinions and was more focused on production and profit. Instead of enlisting employees’ opinions, more directive orders were given. The change and increased complexity associated with adding new layers to the hierarchy resulted in the organization’s goals and objectives becoming unclear. Employees began to complain about the new bureaucratic processes and the slow pace of decision-making. While the organization has been growing in size, productivity has slowed and quality has decreased. The turnover rate is higher than it has ever been, and the number of sick days that people take has doubled over the past…arrow_forward
- Discuss in detail any five types of authority. give citations and referencearrow_forwardCan you guys help me with this? Thank you! Business Environment: Provide insights into the guidelines for conducting business in the chosen country and working there as an expatriate. This information is vital for understanding the practicalities of engagement in that particular environment. The country in here is India Put the answer as bullet points, provide sources that have relevant information for the answer on economic factorsarrow_forwardCan you guys help me with this? Thank you! Intriguing Facts: Incorporate engaging facts about the country that enhance its value and uniqueness within the global supply chain landscape. These can include cultural anecdotes, technological innovations, or historical achievements. The country in here is India Put the answer as bullet points, provide sources that have relevant information for the answer on economic factorsarrow_forward
- Can you guys help me with this? Thank you! Economic Factors: Evaluate the country's economic performance by analyzing key indicators such as GDP (Gross Domestic Product), GDP per capita, exports, and imports. These metrics provide insight into the country's economic prowess and its position in global trade. The country in here is India Put the answer as bullet points, provide sources that have relevant information for the answer on economic factorsarrow_forwardprovide scholarly reseach and define legal and complince risk and reputational risk in banking. Additionally 1. What more can be done about it 2. the department where the risk is exposed to 3. what strategy can be used 4. responsible personarrow_forwardRead the case in the link below and Develop a risk management programme appropriate for this case using the attached template. https://finopsinfo.com/investors/citis-900m-blunder-casts-light-on-poor-loan-ops/arrow_forward
- Do the inherent differences between private and public sector objectives—profit versus publicgood—render private sector category management practices unsuitable for public sectorpurchasing, where open tendering is the norm?You have now undergone the Category Management classes and your superiors have requestedfor your input on how to integrate some of the learnings into the public sector policy. Discuss and elaborate what are the activities and governance you would introduce in yourrecommendations without violating the principle of transparency and accountability withinyour organisation. This is based on Singapore context. Pls provide a draft with explanation, examples and useful links for learning purposes. Citations will be good too. This is a module in SUSS called category management and supplier evaluationarrow_forwardprovide scholarly answers for what risk was associated with the Citibank bank loosing 50 million in August 2020arrow_forwardConclusion: The report recommendations and broad conclusion to the essay. TOTAL 5 100arrow_forward
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
