1.1.6 A company produces four products: W_1, W_2, W_3, and W_4. Two of the many inputs used inthe production process are limited. These limits are: measure 1 - 90000 units, while measure II -120000 units. The input of limited means per unit of production is given in the table:Unit expendituresinputs used in theproductionW_1W_2W_3W_4I521.52||221.54The profit achieved on a unit of production product is respectively: 2,2,1 and 3 USD. Determine thesize of production of each product so as to obtain the greatest profit. Give this profit at the optimumassortment.

Max Z = 2 W1 + 2W2 + 1W3 + 3W4 subject to 5W1 + 2W2 + 1.5W3 + 2W4 <= 90000 2W1 + 2W2 +…

Answered: 1.1.6 A company produces four products:…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Suppose you are senior production manager of a company which produces beverage (carbonated soft drinks) of all flavors. The company is operating since 10 years. You and your production team follow all of the SOP’s (Standard operating procedures) while producing the beverage. You have noticed that while producing the beverage for the 1st quarter of 2021 the artificial color added to beverage is little intensive as compare to previous productions. Artificial color used in limited proportion doesn’t not harm the health of consumers but this time it is accidentally little intensive which can have some side effects. Q1) As a senior production manager what managerial actions you should take to control the situation? Q2) What do you think can be the consequences if correct managerial action is not taken on time?
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