Answered: Answer the following true or false e.…

Answer the following true or false e. For a finite production rate model, the optimal lot size to produce each cycle is equalto the maximum inventory each cycle

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter8: Evolutionary Solver: An Alternative Optimization Procedure

Section8.5: Combinatorial Models

Problem 8P: In the lawn mower production problem in Example 8.4, experiment with the penalty cost for...

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A company produces three different products; x,y, and z. For the production of 1 unit of product x, 1 unit of A and 1 unit of B are used as input. 1 unit of A and 2 units of B are used to produce 1 unit of product y. To produce 1 unit of product z, only 1 unit of A is used. The company holds 40 units of A and 20 units of B periodically in total. By the way, the company can not produce product y more than the twice of product z. On the other hand, the sale price of 1 unit of product x is 10 TL, product y is 15 TL and product z is 12 TL. Furthermore, the cost of 1 unit of product x is 8 TL, product y is 9 TL and product z is 7 TL. According to above information, what should be the company’s optimal product mix to maximize its profit? Construct the problem as a Linear programming model. Solve the above problem by using Simplex Method.
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Hi... I'm having trouble with the following: Min Jee wants to combine the sales data from each of the art fairs. Switch to the Combined Sales worksheet, and then update the worksheet as follows: In cell A5, enter a formula without using a function that references cell A5 in the Madison Copy the formula from cell A5 to the range A6:A8 without copying the formatting. In cell B5, enter a formula using the SUM function, 3-D references, and grouped worksheets that totals the values from cell B5 in the Chicago:Madison Copy the formula from cell B5 to the range B6:B8 without copying the formatting. Copy the formulas and the formatting from the range B5:B8 to the range C5:E8. (Hint: You can ignore the error about empty cells because Min Jee will enter the Madison sales data later.)
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Castergourd Home Products makes two types of butcherblock tables: the Beefeater and the Deutschlander. The two tables are made in the same facility and require the same amount of labor and equipment. In addition, we know the following: Each table costs $300 to make, and each requires, on average, 3.2 hours of labor.  Each employee works 160 hours per month, and there is no effective limit on the number of employees.  The cost of hiring or laying off an employee is $300.  The monthly holding cost for a table is $15.  For planning purposes, Castergourd will begin and end with 20 employees and 0 tables in inventory.Forecasted sales data is reported on Excel file attached. a. Develop a top-down level production plan for Castergourd for the 10-month planning period. Calculate the total production, hiring, layoff, and inventory costs for your plan. b. Repeat part a, except in this case develop a chase production plan. c. Repeat part a, except in this case develop a Mixed production…
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A linear programming computer package is needed. Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity, and no one supplier can meet all the company's needs. In addition, the suppliers charge different prices for the components. Component price data (in price per unit) are as follows. Component Supplier 1 2 3 1 $11 $12 $13 2 $9 $10 $9 Each supplier has a limited capacity in terms of the total number of components it can supply. However, as long as Edwards provides sufficient advance orders, each supplier can devote its capacity to component 1, component 2, or any combination of the two components, if the total number of units ordered is within its capacity. Supplier capacities are as follows. Supplier 1 2 3 Capacity 700 1,100 900 (a) If the Edwards production plan for the next period includes 1,100 units of component 1 and 900 units of component 2, what purchases do you recommend? That is,…
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