8-1 (Production problem) Winkler Furniture manufactures two different types of china cabinets: a French Provincial model and a Danish Modern model. Each cabinet produced must go through three departments: carpentry, painting, and finishing. The table on this page contains all relevant information concerning production times per cabinet produced and production capacities for each operation per day, along with net revenue per unit produced. The firm has a contract with an Indiana distributor to produce a minimum of 300 of each cabinet per week (or 60 cabinets per day). Owner Bob Winkler would like to determine a product mix to maximize his daily revenue. Perform the four steps (i.e., define variables, determine objective function, identify constraints, list the non-negativity statement) and write equations. Use the table in the picture
8-1 (Production problem) Winkler Furniture manufactures two different types of china cabinets: a French Provincial model and a Danish Modern model. Each cabinet produced must go through three departments: carpentry, painting, and finishing. The table on this page contains all relevant information concerning production times per cabinet produced and production capacities for each operation per day, along with net revenue per unit produced. The firm has a contract with an Indiana distributor to produce a minimum of 300 of each cabinet per week (or 60 cabinets per day). Owner Bob Winkler would like to determine a product mix to maximize his daily revenue. Perform the four steps (i.e., define variables, determine objective function, identify constraints, list the non-negativity statement) and write equations. Use the table in the picture
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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8-1 (Production problem) Winkler Furniture manufactures two different types of china cabinets: a French Provincial model and a Danish Modern model. Each cabinet produced must go through three departments: carpentry, painting, and finishing. The table on this page contains all relevant information concerning production times per cabinet produced and production capacities for each operation per day, along with net revenue per unit produced. The firm has a contract with an Indiana distributor to produce a minimum of 300 of each cabinet per week (or 60 cabinets per day). Owner Bob Winkler would like to determine a product mix to maximize his daily revenue. Perform the four steps (i.e., define variables, determine objective function, identify constraints, list the non-negativity statement) and write equations. Use the table in the picture
Transcribed Image Text:CABINET STYLE
French Provincial
Danish Modern
Department capacity (hours)
CARPENTRY
(HOURS/
CABINET)
3
2
INVESTMENT
Los Angeles municipal bonds
Thompson Electronics, Inc.
United Aerospace Corp.
Palmer Drugs
Happy Days Nursing Homes
PAINTING
(HOURS/
CABINET)
1.5
1
200
FINISHING
(HOURS/
CABINET)
0.75
125
NET REVENUF/
CABINET ($)
5.3
6.8
4.9
8.4
11.8
28
25
PROJECTED RATE
OF RETURN (%)
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