A linear programming computer package is needed.Frandec Company manufactures, assembles, and rebuilds material-handling equipment used in warehouses and distribution centers. One product, called a Liftmaster, is assembled from fourcomponents: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 4,500 Liftmasters to be made next month. Frandec purchases the motors from an outsidesupplier, but the frames, supports, and straps may be either manufactured by the company or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown.ComponentManufacturing Cost Purchase CostFrameSupportMinStrapComponentFrameSupport$37.00Strap$10.50Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in each department and the available capacity (in hours) forthe three departments are as follows.$5.50Cutting3.51.30.8Department3502.2$50.001.7$14.00Milling Shaping$6.504203.1Capacity (hours)(a) Formulate and solve a linear programming model for this make-or-buy application. (Let FM = number of frames manufactured, FP = number of frames purchased, SM = number of supportsmanufactured, SP = number of supports purchased, TM = number of straps manufactured, and TP = number of straps purchased. Express time in minutes per unit.)2.61.7680

Linear programming is a mathematical technique that is also used in operations management…

Answered: (a) Formulate and solve a linear…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 68P

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A linear programming computer package is needed. Frandec Company manufactures, assembles, and rebuilds material-handling equipment used in warehouses and distribution centers. One product, called a Liftmaster, is assembled from four components: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 5,500 Liftmasters to be made next month. Frandec purchases the motors from an outside supplier, but the frames, supports, and straps may be either manufactured by the company or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown. Component Manufacturing Cost Purchase Cost Frame $39.00 $52.00 Support $12.50 $16.00 Strap $7.50 $8.50 Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in each department and the available capacity (in hours) for the three departments are as follows. Component Department Cutting Milling…
A linear programming computer package is needed. Frandec Company manufactures, assembles, and rebuilds material-handling equipment used in warehouses and distribution centers. One product, called a Liftmaster, is assembled from four components: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 5,500 Liftmasters to be made next month. Frandec purchases the motors from an outside supplier, but the frames, supports, and straps may be either manufactured by the company or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown. Component Manufacturing Cost Purchase Cost Frame $39.00 $52.00 Support $12.50 $16.00 Strap $7.50 $8.50 Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in each department and the available capacity (in hours) for the three departments are as follows. Component Department Cutting Milling…
A linear programming computer package is needed. Frandec Company manufactures, assembles, and rebuilds material-handling equipment used in warehouses and distribution centers. One product, called a Liftmaster, is assembled from four components: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 4,500 Liftmasters to be made next month. Frandec purchases the motors from an outside supplier, but the frames, supports, and straps may be either manufactured by the company or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown. Component Manufacturing Cost Purchase Cost Frame $39.00 $52.00 Support $12.50 $16.00 Strap $7.50 $8.50 Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in each department and the available capacity (in hours) for the three departments are as follows. Component Department Cutting Milling…
Patz Company produces two types of machine parts: Part A and Part B, with unit contribution margins of $400 and $800, respectively. Assume initially that Patz can sell all that is produced of either component. Part A requires two hours of assembly, and B requires five hours of assembly. The firm has 400 assembly hours per week. What if market conditions are such that Patz can sell at most 100 units of Part A and 80 units of Part B? Express the objective function with its associated constraints for this case. Objective function: Max Z = $400 A + $800 B Assembly-hour constraint fill in the blank 7 A + fill in the blank 8 B ≤ fill in the blank 9 Demand constraint for Part A A ≤ fill in the blank 10 Demand constraint for Part B B ≤ fill in the blank 11 Identify the optimal mix and its associated total contribution margin.Component A $fill in the blank 12 units Component B $fill in the blank 13 units Total contribution $fill in the blank 14
each Distributors packages and distributes industrial supplies. A standard shipment can be packaged in a class A container, a class K container, or a class T container. A single class A container yields a profit of $10; a class K container, a profit of $8; and a class T container, a profit of $12. Each shipment prepared requires a certain amount of packing material and a certain amount of time. Formulate and solve this problem using LP software. Resources Needed per Standard Shipment Class of Container Packing Material (pounds) Packing Time (hours) A 2 2 K 1 6 T 3 4 Total amount of resource available per week 120 pounds 210 hours Hugh Leach, head of the firm, must decide the optimal number of each class of container to pack each week. He is bound by the previously mentioned resource restrictions but also decides that he must keep his 6 full-time packers employed all 210 hours (6 workers × 35 hours)…
La Jolla Beverage Products is considering producing a wine cooler that would be a blend of a white wine, a rose wine, and fruit juice. To meet taste specifications, the wine cooler must consist of at least 45% white wine, at least 25% and no more than 35% rose, and exactly 25% fruit juice. La Jolla purchases the wine from local wineries and the fruit juice from a processing plant in San Francisco. For the current production period, 10000 gallons of white wine and 6500 gallons of rose wine can be purchased; an unlimited amount of fruit juice can be ordered. The costs for the wine are $1 per gallon for the white and $1.5 per gallon for the rose; the fruit juice can be purchased for $0.5 per gallon. La Jolla Beverage Products can sell all of the wine cooler it can produce for $2.5 per gallon. Is the cost of the wine and fruit juice a sunk cost or a relevant cost in this situation? Formulate a linear program to determine the blend of the three ingredients that will maximize the total…
Noah Yobs, who has $75,400 of AGI (solely from wages) before considering rental activities, has $67,860 of losses from a real estate rental activity in which he actively participates. He also actively participates in another real estate rental activity from which he has $37,700 of income. He has other passive activity income of $24,128. a. What amount of rental loss can Noah use to offset active or portfolio income in the current year? 6,032 Compute Noah’s AGI on Form 1040 [pages 1 and 2; also complete Schedule 1 (Form 1040)] for the current year. Use the minus sign to indicate a loss.
A linear programming computer package is needed. The Westchester Chamber of Commerce periodically sponsors public service seminars and programs. Currently, promotional plans are under way for this year's program. Advertising alternatives include television, radio, and online. Audience estimates, costs, and maximum media usage limitations are as shown. Constraint Television Radio Online Audience per advertisement 400,000 72,000 160,000 Cost per advertisement $2,000 $300 $600 Maximum media usage 10 20 10 To ensure a balanced use of advertising media, radio advertisements must not exceed 50% of the total number of advertisements authorized. In addition, television should account for at least 10% of the total number of advertisements authorized. If the promotional budget is limited to $20,500, By how much would audience contact increase if an extra $100 were allocated to the promotional budget? (Round your answer to the nearest whole number.)
A company manufactures both mountain bikes and trail bikes. The cost of materials for a mountain bike is $60, and the cost of materials for a trail bike is $40. The cost of labor to manufacture a mountain bike is $80, and the cost of labor to manufacture a trail bike is $60. During a week in which the company has budgeted $1,800 for materials and $2,500 for labor, how many mountain bikes does the company plan to manufacture? mountain bikes
A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe mix and how many bags of standard mix of Peanut/Raisin Delite to put up. The deluxe mix has .70 pounds of raisins and .30 pounds of peanuts, and the standard mix has 0.45 pounds of raisins and 0.55 pounds of peanuts per bag. The shop has 90 pounds of raisins and 60 pounds of peanuts to work with. Peanuts cost $0.6 per pound and raisins cost $1.55 per pound. The deluxe mix will sell for $2.9 for a one-pound bag, and the standard mix will sell for $2.55 for a one-pound bag. The owner estimates that no more than 110 bags of one type can be sold. a. If the goal is to maximize profits, how many bags of each type should be prepared? b. What is the expected profit?
A small candy shop is preparing for the holiday season. The owner must decide how many bags of Deluxe Mix and how many bags of Standard Mix of Peanut/Raisin Delite to put up. The Deluxe Mix has 2/3 pound raisins and 1/3 pound peanuts, and the Standard Mix has 1/2 pound raisins and 1/2 pound peanuts per bag. The shop has 90 pounds of raisins and 60 pounds of peanuts to work with. Peanuts cost $0.60 per pound and raisins cost $1.50 per pound. The Deluxe Mix will sell for $2.90 per pound, and the Standard Mix will ell for $2.55 per pound. The owner estimates that no more than 110 bags of one type can be sold. If the goal is to maximize profits, how many bags of each type should be prepared?
A producer has three products, A, B, and C, which are composed from many of the same raw materials and subassemblies by the same skilled workforce. Each unit of product A uses 15 units of Raw Material X, one Purge System Subassembly, one Case, one Power Cord, three Labour Hours in the Assembly Department, and one Labour Hour in the Finishing Department. Each unit of product B uses 10 units of Raw Material X, five units of Raw Material Y, two Purge System Subassemblies, one Case, one Power cord, five Labour Hours in the Assembly Department, and 90 minutes in the Finishing Department. Each unit of product C uses five units of Raw Material X, 25 units of Raw Material Y, two Purge System Subassemblies, one Case, a Power Cord, seven Labour Hours in the Assembly Department, and Three Labour Hours in the Finishing Department. Labour between the Assembly and Finishing departments is not transferable, but workers within each department work on any of the three products. There are three…

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