3) Amelia Ltd. makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 48,000 of these trikes. Current schedules yield the following information. Requirements Cost to Cost to Component Plastic Time Space Manufacture Purchase Front 12 40 8 16 24 Seat/Frame 16 24 8 12 18 Rear wheel (each) .20 8 .4 2 6 Available 100000 320000 60000 The company obviously does not have the resources available to manufacture everything needed for the completion of 24000 tricycles so has gathered purchase information for each component. Develop a linear programming model to tell the company how many of each component should be manufactured and how many should be purchased in order to provide 24000 fully completed tricycles at the minimum cost. 3) Amelia Ltd. makes a plastic tricycle that is composed of three major components: ahandlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. Thecompany has orders for 48,000 of these trikes. Current schedules yield the followinginformation.Cost toCost toRequirementComponentPlasticTimeSpaceManufacturePurchaseFront124081624Seat/Frame16248.1218Rear wheel.208..426(each)Available10000032000060000The company obviously does not have the resources available to manufactureeverything needed for the completion of 24000 tricycles so has gathered purchaseinformation for each component. Develop a linear programming model to tell thecompany how many of each component should be manufactured and how manyshould be purchased in order to provide 24000 fully completed tricycles at theminimum cost.

Let; FM be the number of fronts made SM be the number of seats made WM be the number of wheels made…

Amelia Ltd. makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 48,000 of these trikes. Current schedules yield the following information. Requirement s Cost to Cost to Component Plastic Time Space Manufacture Purchase Front 12 40 8 16 24 Seat/Frame 16 24 8 12 18 Rear wheel (each) .20 8 .4 2 6 Available 100000 320000 60000 The company obviously does not have the resources available to manufacture everything needed for the completion of 24000 tricycles so has gathered purchase information for each component. Develop a linear programming model to tell the company how many of each component should be manufactured and how many should be purchased in order to provide 24000 fully completed tricycles at the minimum cost.

Amelia Ltd. makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 48,000 of these trikes. Current schedules yield the following information. Requirement s Cost to Cost to Component Plastic Time Space Manufacture Purchase Front 12 40 8 16 24 Seat/Frame 16 24 8 12 18 Rear wheel (each) .20 8 .4 2 6 Available 100000 320000 60000 The company obviously does not have the resources available to manufacture everything needed for the completion of 24000 tricycles so has gathered purchase information for each component. Develop a linear programming model to tell the company how many of each component should be manufactured and how many should be purchased in order to provide 24000 fully completed tricycles at the minimum cost.

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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3) Amelia Ltd. makes a plastic tricycle that is composed of three major components: ahandlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. Thecompany has orders for 48,000 of these trikes. Current schedules yield thefollowing information. Requirements Component Plastic Time Space Cost to Manufacture Cost to Purchase Front seat /Frame Rear wheel (each) 12 16 .20 40 24 8 8 8 .4 16 12 2 24 18 6 Available 100000 320000 60000 The company obviously does not have the resources available to manufactureeverything needed for the completion of 24000 tricycles so has gathered purchaseinformation for each component. Develop a linear programming model to tell thecompany how many of each component should be manufactured and how manyshould be purchased in order to provide 24000 fully completed tricycles at theminimum cost.
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