A manufacturer of television sets made four models – Sport, Standard, Traveler and Super. Each set requires assembly and test operations. The assembly time for the models is 8, 10,12, 15 hours respectively. The test time is 2,2,4 and 5 hours. The company has 2000 hours for assembling and 500 hours for testing. The marginal profit for the four products is 40, 60, 80 and 100 dollars. The supplier of screens indicated that he is not able to supply more than 180 pcs. and not more 100 of them can be for the models Traveler and Super. a) What is the optimal production schedule? b) Is there any alternative optimal schedule? c) Suppose that 80 additional hours of test time could be obtained from the outside at price $4 per hour. Should this be done?
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A manufacturer of television sets made four models – Sport, Standard, Traveler and Super.
Each set requires assembly and test operations. The assembly time for the models is 8, 10,12,
15 hours respectively.
The test time is 2,2,4 and 5 hours. The company has 2000 hours for assembling and 500 hours
for testing. The marginal profit for the four products is 40, 60, 80 and 100 dollars. The supplier
of screens indicated that he is not able to supply more than 180 pcs. and not more 100 of them
can be for the models Traveler and Super.
a) What is the optimal production
b) Is there any alternative optimal schedule?
c) Suppose that 80 additional hours of test time could be obtained from the outside at price
$4 per hour. Should this be done?
d) What is the marginal value?
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- Lemingtons is trying to determine how many Jean Hudson dresses to order for the spring season. Demand for the dresses is assumed to follow a normal distribution with mean 400 and standard deviation 100. The contract between Jean Hudson and Lemingtons works as follows. At the beginning of the season, Lemingtons reserves x units of capacity. Lemingtons must take delivery for at least 0.8x dresses and can, if desired, take delivery on up to x dresses. Each dress sells for 160 and Hudson charges 50 per dress. If Lemingtons does not take delivery on all x dresses, it owes Hudson a 5 penalty for each unit of reserved capacity that is unused. For example, if Lemingtons orders 450 dresses and demand is for 400 dresses, Lemingtons will receive 400 dresses and owe Jean 400(50) + 50(5). How many units of capacity should Lemingtons reserve to maximize its expected profit?Mark has a company that produces tables and chairs, both having two different models. The product models and related information are given in the following table. Wood costs 3000 $ per cubic meter and 200 m3 of wood are available for the upcoming month. The cost of labor is 40 $/hour and there are 6000 hours of labor available in a month. Mark sells his products to a big chain retail company. The company purchases all products whatever Mark produces. Mark formulates an LP as follows to determine the optimal monthly production plan such that he maximizes the total profit. Decision Variables: X1 : number of basic tables to be produced. X2 : number of elegant tables to be produced. X3 : number of basic chairs to be produced. X4 :number of elegant chairs to be produced. Max Z = 140 X1 + 345 X2 + 120 X3 + 260 X4 ( maximize total profit) Subject to 0.11 X1 + 0.13 X2 + 0.06 X3 + 0.07 X4 ≤ 200 (constraint on the available amount of wood) 2 X1 + 4.5 X2 + 1.5 X3 + 4 X4 ≤ 6000…Princetown paints ltd manufactures three basic types of paint. emulsion, gloss, and undercoat. using the same mixing machines and direct labour for each of the three products. the Management accountant of Princetown paints was faced with the task of arranging the weekly production for his company. information about the sale price and costs per 100 liters is given in the following table ( all figures in $). sales price per 100 liters ( emulsion 120), ( gloss 126), ( undercoat 110). variable cost per 100 liters ( emulsion 120), ( gloss 126), ( undercoat 110). direct material costs ( emulsion 11), ( gloss 25), ( undercoat 20). direct labour costs ( emulsion 30), ( gloss 36), ( undercoat 24). mixing costs ( emulsion 32), ( gloss 20), ( undercoat 36). other variable costs ( emulsion 12), ( gloss 15), ( undercoat 10). the cost of direct labour is $3 per hour and the variable cost of mixing is $4 per hour. in any one week, direct labour hours are restricted to 8000 hours and mixing machine…
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- ProHaul specializes in trans-American shipments for businesses through the delivery of containers. For every container the company loads on its trucks, ProHaul estimates the haul costs $1,000. In addition, containers are weighed and for each pound, there are hauling fees of $0.15. ProHaul plans to charge $0.49 per pound to his customers.How many pounds would a container have to hold in order for the company to Break Even?The aggregate demand for a product line for the next 6 months is given below. The firm has regular capacity of 120 units per month, overtime capacity for 40 more units per month, and subcontracting can supply up to 100 units per month. Month 1 2 3 4 5 6Demand 220 160 200 210 200 190Additional DataPrevious output level 150 unitsBeginning inventory 100 unitsShortage cost K250 per unit per monthInventory holding cost K100 per unit per monthRegular time cost K1200 per unitSubcontracting cost K2000 per unitOvertime cost K1500 per unitHiring workers to increase production level K200 per unitFiring workers to decrease production level K500 per unitUse the Chase Strategy and answer the following questions Using the data given If the regular capacity is increased to 210 from the current level of 120 units per month and you meet your demand by only regular time production, then answer the…The aggregate demand for a product line for the next 6 months is given below. The firm has regular capacity of 120 units per month, overtime capacity for 40 more units per month, and subcontracting can supply up to 100 units per month. Month 1 2 3 4 5 6Demand 220 160 200 210 200 190Additional DataPrevious output level 150 unitsBeginning inventory 100 unitsShortage cost K250 per unit per monthInventory holding cost K100 per unit per monthRegular time cost K1200 per unitSubcontracting cost K2000 per unitOvertime cost K1500 per unitHiring workers to increase production level K200 per unitFiring workers to decrease production level K500 per unitUse the Chase Strategy and answer the following questions. a. What is the total cost of shortagesand the cost of overtime production? b. What is the cost of subcontracting? c. What is the cost of increasing production level?
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