Profit Let XNP is the number of personal computers produced in New York, XLP is the number of personal computers produced in Los Angeles, XNV is the number VAXes in New York and XLV is the number of VAXes in Los Angeles and L is the labour hours. The new optimum solution value or profit is calculated by the given formula: New value = Old value – ( Key column value × Key row value ) / Key value The key row value can be calculated by the given formula: Key row value = Current key row value / Key element value From the LINDO output, here the old optimum value is 1,360,000. Hence the new value is: New value = 1,360,000 - 1000 ( 313 .333 ) = 1,046,667

Question

Want to see more full solutions like this?

Answer 1

Expert Solution & Answer

Chapter 5, Problem 1RP

a.

Explanation of Solution

Profit

Let XNP is the number of personal computers produced in New York, XLP is the number of personal computers produced in Los Angeles, XNV is the number VAXes in New York and XLV is the number of VAXes in Los Angeles and L is the labour hours.

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, here the old optimum value is 1,360,000.

Hence the new value is:

New value = 1,360,000 - 1000 (313.333) = 1,046,667

b.

Explanation of Solution

Increasing capacity

“Yes”, HAL should hire the contractor if the capacity is increased to 850 computers at a cost of 5000.

Reason

From the LINDO output, the dual price in row 2 is 133.333.

When the capacity is increased to 850 computers, then the profit should be increased by 850(133.333).

This means the profit value should be greater than 5000.

Hence the capacity should be increased and here the allowable increase is 100.

Hence HAL should hire the contractor in order to increase the capacity.

c.

Explanation of Solution

Profit

The new optimum solution value is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, the reduced cost for XLV is 33.333.

Hence the profit of VAX can be increased by 33.333 in order to produce VAXes in Los Angeles.

d.

Explanation of Solution

Extra labour cost

Let L be the number of labour hours.

Here the labour is purchased at a cost of 20 per hour.

Here the Key value is 313.333.

Hence the extra labour cost = 313.333 + 20 = 333.33

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

I would like to get help to resolve the following case

Last Chance Securities The IT director opened the department staff meeting today by saying, "I've got some good news and some bad news. The good news is that management approved the payroll system project this morning. The new system will reduce clerical time and errors, improve morale in the payroll department, and avoid possible fines and penalties for noncompliance. The bad news is that the system must be installed by January 1st in order to meet new federal reporting rules, all expenses from now on must be approved in advance, the system should have a modular design if possible, and the vice president of finance would like to announce the new system in a year-end report if it is ready by mid-December." Tasks 1. Why is it important to define the project scope? How would you define the scope of the payroll project in this case? 2. Review each constraint and identify its characteristics: present versus future, internal versus exter- nal, and mandatory versus desirable. 3. What…

2. Signed Integers Unsigned binary numbers work for natural numbers, but many calculations use negative numbers as well. To deal with this, a number of different methods have been used to represent signed numbers, but we will focus on two's complement, as it is the standard solution for representing signed integers. 2.1 Two's complement • Most significant bit has a negative value, all others are positive. So, the value of an n-digit -2 two's complement number can be written as: Σ2 2¹ di 2n-1 dn • Otherwise exactly the same as unsigned integers. i=0 - • A neat trick for flipping the sign of a two's complement number: flip all the bits (0 becomes 1, or 1 becomes 0) and then add 1 to the least significant bit. • Addition is exactly the same as with an unsigned number. 2.2 Exercises For questions 1-3, answer each one for the case of a two's complement number and an unsigned number, indicating if it cannot be answered with a specific representation. 1. (15 pts) What is the largest integer…

Answer 2

Expert Solution & Answer

Chapter 5, Problem 1RP

a.

Explanation of Solution

Profit

Let XNP is the number of personal computers produced in New York, XLP is the number of personal computers produced in Los Angeles, XNV is the number VAXes in New York and XLV is the number of VAXes in Los Angeles and L is the labour hours.

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, here the old optimum value is 1,360,000.

Hence the new value is:

New value = 1,360,000 - 1000 (313.333) = 1,046,667

b.

Explanation of Solution

Increasing capacity

“Yes”, HAL should hire the contractor if the capacity is increased to 850 computers at a cost of 5000.

Reason

From the LINDO output, the dual price in row 2 is 133.333.

When the capacity is increased to 850 computers, then the profit should be increased by 850(133.333).

This means the profit value should be greater than 5000.

Hence the capacity should be increased and here the allowable increase is 100.

Hence HAL should hire the contractor in order to increase the capacity.

c.

Explanation of Solution

Profit

The new optimum solution value is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, the reduced cost for XLV is 33.333.

Hence the profit of VAX can be increased by 33.333 in order to produce VAXes in Los Angeles.

d.

Explanation of Solution

Extra labour cost

Let L be the number of labour hours.

Here the labour is purchased at a cost of 20 per hour.

Here the Key value is 313.333.

Hence the extra labour cost = 313.333 + 20 = 333.33

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Expert Solution & Answer

Chapter 5, Problem 1RP

a.

Explanation of Solution

Profit

Let XNP is the number of personal computers produced in New York, XLP is the number of personal computers produced in Los Angeles, XNV is the number VAXes in New York and XLV is the number of VAXes in Los Angeles and L is the labour hours.

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, here the old optimum value is 1,360,000.

Hence the new value is:

New value = 1,360,000 - 1000 (313.333) = 1,046,667

b.

Explanation of Solution

Increasing capacity

“Yes”, HAL should hire the contractor if the capacity is increased to 850 computers at a cost of 5000.

Reason

From the LINDO output, the dual price in row 2 is 133.333.

When the capacity is increased to 850 computers, then the profit should be increased by 850(133.333).

This means the profit value should be greater than 5000.

Hence the capacity should be increased and here the allowable increase is 100.

Hence HAL should hire the contractor in order to increase the capacity.

c.

Explanation of Solution

Profit

The new optimum solution value is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, the reduced cost for XLV is 33.333.

Hence the profit of VAX can be increased by 33.333 in order to produce VAXes in Los Angeles.

d.

Explanation of Solution

Extra labour cost

Let L be the number of labour hours.

Here the labour is purchased at a cost of 20 per hour.

Here the Key value is 313.333.

Hence the extra labour cost = 313.333 + 20 = 333.33

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Expert Solution & Answer

Chapter 5, Problem 1RP

a.

Explanation of Solution

Profit

Let XNP is the number of personal computers produced in New York, XLP is the number of personal computers produced in Los Angeles, XNV is the number VAXes in New York and XLV is the number of VAXes in Los Angeles and L is the labour hours.

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, here the old optimum value is 1,360,000.

Hence the new value is:

New value = 1,360,000 - 1000 (313.333) = 1,046,667

b.

Explanation of Solution

Increasing capacity

“Yes”, HAL should hire the contractor if the capacity is increased to 850 computers at a cost of 5000.

Reason

From the LINDO output, the dual price in row 2 is 133.333.

When the capacity is increased to 850 computers, then the profit should be increased by 850(133.333).

This means the profit value should be greater than 5000.

Hence the capacity should be increased and here the allowable increase is 100.

Hence HAL should hire the contractor in order to increase the capacity.

c.

Explanation of Solution

Profit

The new optimum solution value is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, the reduced cost for XLV is 33.333.

Hence the profit of VAX can be increased by 33.333 in order to produce VAXes in Los Angeles.

d.

Explanation of Solution

Extra labour cost

Let L be the number of labour hours.

Here the labour is purchased at a cost of 20 per hour.

Here the Key value is 313.333.

Hence the extra labour cost = 313.333 + 20 = 333.33

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Expert Solution & Answer

Answer 6

Expert Solution & Answer

Answer 7

Chapter 5, Problem 1RP

a.

Explanation of Solution

Profit

Let XNP is the number of personal computers produced in New York, XLP is the number of personal computers produced in Los Angeles, XNV is the number VAXes in New York and XLV is the number of VAXes in Los Angeles and L is the labour hours.

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, here the old optimum value is 1,360,000.

Hence the new value is:

New value = 1,360,000 - 1000 (313.333) = 1,046,667

b.

Explanation of Solution

Increasing capacity

“Yes”, HAL should hire the contractor if the capacity is increased to 850 computers at a cost of 5000.

Reason

From the LINDO output, the dual price in row 2 is 133.333.

When the capacity is increased to 850 computers, then the profit should be increased by 850(133.333).

This means the profit value should be greater than 5000.

Hence the capacity should be increased and here the allowable increase is 100.

Hence HAL should hire the contractor in order to increase the capacity.

c.

Explanation of Solution

Profit

The new optimum solution value is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, the reduced cost for XLV is 33.333.

Hence the profit of VAX can be increased by 33.333 in order to produce VAXes in Los Angeles.

d.

Explanation of Solution

Extra labour cost

Let L be the number of labour hours.

Here the labour is purchased at a cost of 20 per hour.

Here the Key value is 313.333.

Hence the extra labour cost = 313.333 + 20 = 333.33

Answer 8

Chapter 5, Problem 1RP

a.

Explanation of Solution

Profit

Let XNP is the number of personal computers produced in New York, XLP is the number of personal computers produced in Los Angeles, XNV is the number VAXes in New York and XLV is the number of VAXes in Los Angeles and L is the labour hours.

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, here the old optimum value is 1,360,000.

Hence the new value is:

New value = 1,360,000 - 1000 (313.333) = 1,046,667

Answer 9

Chapter 5, Problem 1RP

a.

Explanation of Solution

Profit

Let XNP is the number of personal computers produced in New York, XLP is the number of personal computers produced in Los Angeles, XNV is the number VAXes in New York and XLV is the number of VAXes in Los Angeles and L is the labour hours.

The new optimum solution value or profit is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, here the old optimum value is 1,360,000.

Hence the new value is:

New value = 1,360,000 - 1000 (313.333) = 1,046,667

Answer 10

b.

Explanation of Solution

Increasing capacity

“Yes”, HAL should hire the contractor if the capacity is increased to 850 computers at a cost of 5000.

Reason

From the LINDO output, the dual price in row 2 is 133.333.

When the capacity is increased to 850 computers, then the profit should be increased by 850(133.333).

This means the profit value should be greater than 5000.

Hence the capacity should be increased and here the allowable increase is 100.

Hence HAL should hire the contractor in order to increase the capacity.

Answer 11

b.

Explanation of Solution

Increasing capacity

“Yes”, HAL should hire the contractor if the capacity is increased to 850 computers at a cost of 5000.

Reason

From the LINDO output, the dual price in row 2 is 133.333.

When the capacity is increased to 850 computers, then the profit should be increased by 850(133.333).

This means the profit value should be greater than 5000.

Hence the capacity should be increased and here the allowable increase is 100.

Hence HAL should hire the contractor in order to increase the capacity.

Answer 12

c.

Explanation of Solution

Profit

The new optimum solution value is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, the reduced cost for XLV is 33.333.

Hence the profit of VAX can be increased by 33.333 in order to produce VAXes in Los Angeles.

Answer 13

c.

Explanation of Solution

Profit

The new optimum solution value is calculated by the given formula:
New value = Old value – (Key column value × Key row value) / Key value

The key row value can be calculated by the given formula:

Key row value = Current key row value / Key element value

From the LINDO output, the reduced cost for XLV is 33.333.

Hence the profit of VAX can be increased by 33.333 in order to produce VAXes in Los Angeles.

Answer 14

d.

Explanation of Solution

Extra labour cost

Let L be the number of labour hours.

Here the labour is purchased at a cost of 20 per hour.

Here the Key value is 313.333.

Hence the extra labour cost = 313.333 + 20 = 333.33

Answer 15

d.

Explanation of Solution

Extra labour cost

Let L be the number of labour hours.

Here the labour is purchased at a cost of 20 per hour.

Here the Key value is 313.333.

Hence the extra labour cost = 313.333 + 20 = 333.33

Answer 16

Ch. 5.1 - Prob. 1P Ch. 5.1 - Prob. 2P Ch. 5.1 - Prob. 3P Ch. 5.1 - Prob. 4P Ch. 5.1 - Prob. 5P Ch. 5.2 - Prob. 1P Ch. 5.2 - Prob. 2P Ch. 5.2 - Prob. 3P Ch. 5.2 - Prob. 4P Ch. 5.2 - Prob. 5P

Concept explainers

Explanation of Solution

Explanation of Solution

Explanation of Solution

Explanation of Solution

Extra labour cost

Let L be the number of labour hours.

Here the labour is purchased at a cost of 20 per hour.

Here the Key value is 313.333.

Hence the extra labour cost = 313.333 + 20 = 333.33

Want to see more full solutions like this?

Chapter 5 Solutions

Concept explainers

Explanation of Solution

Explanation of Solution

Explanation of Solution

Explanation of Solution

Extra labour cost Let L be the number of labour hours. Here the labour is purchased at a cost of 20 per hour. Here the Key value is 313.333. Hence the extra labour cost = 313.333 + 20 = 333.33

Want to see more full solutions like this?

Chapter 5 Solutions

Extra labour cost

Let L be the number of labour hours.

Here the labour is purchased at a cost of 20 per hour.

Here the Key value is 313.333.

Hence the extra labour cost = 313.333 + 20 = 333.33