EBK PRACTICAL MANAGEMENT SCIENCE
EBK PRACTICAL MANAGEMENT SCIENCE
5th Edition
ISBN: 9780100655065
Author: ALBRIGHT
Publisher: YUZU
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Chapter 3, Problem 25P

a)

Summary Introduction

To determine: The daily production plan which would minimize the cost of meeting the daily demand of the company.

Introduction: In linear programming, unbounded solution would occur when the objective function is infinite. If no solution satisfied the constraints then it is said to be unfeasible solution.

a)

Expert Solution
Check Mark

Explanation of Solution

Determine the daily production plan which would minimize the cost of meeting the daily demand of the company using solver:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 3, Problem 25P , additional homework tip  1

Formulae to determine the total cost:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 3, Problem 25P , additional homework tip  2

Solver parameters is given as follows:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 3, Problem 25P , additional homework tip  3

b)

Summary Introduction

To draw: The daily production plan which would minimize the cost of meeting the daily demand of the company graphically.

Introduction: In linear programming, unbounded solution would occur when the objective function is infinite. If no solution satisfied the constraints then it is said to be unfeasible solution.

b)

Expert Solution
Check Mark

Explanation of Solution

Determine the daily production plan which would minimize the cost of meeting the daily demand of the company:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 3, Problem 25P , additional homework tip  4

Draw the graph:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 3, Problem 25P , additional homework tip  5

c)

Summary Introduction

To determine: The increase in the total cost before the change in the decision variable.

Introduction: In linear programming, unbounded solution would occur when the objective function is infinite. If no solution satisfied the constraints then it is said to be unfeasible solution.

c)

Expert Solution
Check Mark

Explanation of Solution

Determine the daily production plan which would minimize the cost of meeting the daily demand of the company:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 3, Problem 25P , additional homework tip  6

Solver table:

EBK PRACTICAL MANAGEMENT SCIENCE, Chapter 3, Problem 25P , additional homework tip  7

The cost of process 2 should be increased from $100 to $1,000 to determine the total cost shown in above solver table.

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