1. Aluminium, Copper & Man Power are the decision Variables.
5. Shadow Price means the estimated price of a good or service for which no market exists.
Prices for the Aluminium, copper & Manhour are not provided for me to provide you the answer for the optimal solutions.
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Instructions A company produces two products made from aluminum and copper. The table below gives the unit requirements, the unit production man-hours required, the unit profit and the availability of the resources (in tons). Aluminum Copper Man-hours Unit Profit Product 1 2 3 4 30 Product 2 1 1 3 50 Available 20 16 44 1....
Original answer please don't copy and paste from other answers Metallica Enterprise Ltd. can produce Copper, Steel and Aluminum at its factories at two cities. The factory in New Jersey can produce 6 tons of Copper, 2 tons of Steel, and 4 tons of Aluminum per day. The factory in San Francisco can produce 2 tons of Copper, 2 tons of Steel, and 10 tons of Aluminum per day. The rent of factory at New Jersey is $6000 per day...
A manufacturing company would like to maximize the profit of manufacturing four products. The time in hours required for each product in each production department is tabled below, along with the profit for each product. Product 1 Product 2 Product 3 Product 4 Department A 25 20 30 15 Department B 12 10 10 15 Department C 8 7 5 6 Profit $110 $90 100 95 2. Find the computer solution, including the ranging (sensitivity analysis) results, for Question 1 by...
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Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2 reduction in the selling price. The company's present selling price is $94 per unit, and...
3. FinFone Paper Mill is a small-scale paper making company which has four making machines to produce four different types of papers. Each type of paper must go through processing on each of four machines. The manufacturing time (in minutes) per unit of paper produced is in the following table 16 2.5 0.9 2.5 2.6 6.5 The maximum time allotted for each machine is 30 hours per week and at least 100 units of each type of paper should be...
3. Integer Programming Problem (Chapter 6) A manufacturer can sell product 1 at a price of $30 per unit and product 2 at a price of $40 per unit. Three units of raw material and 1.5 labor hours are needed to manufacturer one unit of product 1. Six units of raw material and 2 labor hours are need to manufacture one unit of product 2. The unit variable cost for product 1 is $20, and for product 2 is $20....
A local electronic company primarily manufactures four highly technical telecommunication products. Each product must be processed in the following departments: component preparation, circuit board fabrication, packaging, and testing. The time requirements in each department (in hours) for each unit produced and its unit profit are summarized in the following table: Department Product Preparation Fabrication Packaging Testing Unit Profit A .5 3 1 .5 $450 D 1.0 3 1 .5 $550 B 1.5 1 2 1.0 $600 C 1.5 2 .5...
A company makes 4 products P1, P2, P3 and P4. The raw materials (A, B, C) and the labor hours needed to produce each product is given the table. Also the profit per each of these products is given. A B C Labor hours Profit per each P1 4 0 1 3 $24 P2 0 4 0 1 $28 P3 2 2 2 2 $20 P4 3 1 1 1 $25 During next week, the company has: 2800 units of...
Please ignore the numbers in the boxes with the red mark on it,
I got them wrong. Please be kind and answer both!!!
Question 1:
Question 2:
Valencia Products makes automobile radar detectors and assembles two models: LaserStop and SpeedBuster. Both models use the same electronic components. After reviewing the components required and the profit for each model, the firm found the following linear optimization model for profit, where L is the number of LaserStop models produced and S is...
Let P1 = number of Product 1 to be produced P2 = number of Product 2 to be produced P3 = number of Product 3 to be produced P4 = number of Product 4 to be produced Maximize 15P1 + 20P2 + 24P3 + 15P4 Total profit Subject to 8P1 + 12P2 + 10P3 + 8P4 ≤ 3000 Material requirement constraint 4P1 + 3P2 + 2P3 + 3P4 ≤ 1000 Labor hours constraint P2 > 120 Minimum quantity needed for...