Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Chapter 3, Problem 32P
a)
Summary Introduction
To determine: The way to maximize the revenue.
Introduction: In linear programming, the unbounded solution would occur when the objective function is infinite. If no solution satisfied the constraints, then it is said to be an unfeasible solution.
b)
Summary Introduction
To investigate: The effects of simultaneous changes in the selling prices of the products using the solver table.
Introduction: In linear programming, the unbounded solution would occur when the objective function is infinite. If no solution satisfied the constraints, then it is said to be an unfeasible solution.
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2.28 A foundry produces castings to order. An order for 20 special castings has been re-
ceived. Since the casting process is highly variable, not all castings produced are
good. The cost of producing each casting is $550; the additional cost of finishing a
good casting is $125. If a casting is not good, it is recycled at a value of $75; excess
good castings are not finished but are recycled at a value of $75. The customer has
agreed to accept 15, 16, 17, 18, 19, or 20 castings at a price of $1250 each. If fewer
than 15 good castings are produced, none will be purchased by the customer. Prob-
ability distributions for the number of good castings produced in a batch of varying
sizes are given below. How many castings should be scheduled in order to maximize
expected profit?
#Good
Castings
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
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21
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30
79
2 PRODUCT, PROCESS, AND SCHEDULE DESIGN
Number of Castings Scheduled
15 16
17
0.05 0.00 0.00 0.00 0.00 0.00
0.05 0.05 0.00…
Chapter 3 Solutions
Practical Management Science
Ch. 3.6 - Prob. 1PCh. 3.6 - Prob. 2PCh. 3.6 - Prob. 3PCh. 3.6 - Prob. 4PCh. 3.6 - Prob. 5PCh. 3.6 - Prob. 6PCh. 3.6 - Prob. 7PCh. 3.6 - Prob. 8PCh. 3.6 - Prob. 9PCh. 3.7 - Prob. 10P
Ch. 3.7 - Prob. 11PCh. 3.7 - Prob. 12PCh. 3.7 - Prob. 13PCh. 3.7 - Prob. 14PCh. 3.7 - Prob. 15PCh. 3.7 - Prob. 16PCh. 3.7 - Prob. 17PCh. 3.8 - The Pigskin Company produces footballs. Pigskin...Ch. 3.8 - The Pigskin Company produces footballs. Pigskin...Ch. 3.8 - The Pigskin Company produces footballs. Pigskin...Ch. 3.8 - Prob. 21PCh. 3.8 - Prob. 22PCh. 3.8 - Prob. 23PCh. 3.8 - Prob. 24PCh. 3 - Prob. 25PCh. 3 - Prob. 26PCh. 3 - Prob. 27PCh. 3 - Prob. 28PCh. 3 - Prob. 29PCh. 3 - Prob. 30PCh. 3 - Prob. 31PCh. 3 - Prob. 32PCh. 3 - Prob. 33PCh. 3 - Prob. 34PCh. 3 - Prob. 35PCh. 3 - Prob. 36PCh. 3 - Prob. 37PCh. 3 - Prob. 38PCh. 3 - Prob. 39PCh. 3 - Prob. 40PCh. 3 - Prob. 41PCh. 3 - Prob. 42PCh. 3 - Prob. 43PCh. 3 - Prob. 44PCh. 3 - Prob. 45PCh. 3 - Prob. 46PCh. 3 - Prob. 47PCh. 3 - Prob. 48PCh. 3 - Prob. 49PCh. 3 - Prob. 50PCh. 3 - Prob. 51PCh. 3 - Prob. 52PCh. 3 - Prob. 1C
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