20 | MODULE 3 - Linear Programming: The Graphical MethodNAME:SCORE:COURSE/YEAR:DATE:3. Kelson Sporting Equipment, Ic., makes two different types of baseball gloves: a regular modeland a catcher's model. The firm has 900 hours of production time available in its cutting andsewing department, 300 hours available in its finishing department, and 100 hours available inits packaging and shipping department. The production time requirements and the profitcontribution per glove are given in the following table:Production time (hours)Packaging &ShippingModelCutting &SewingFinishingProfit/Glove($)Regular ModelCatcher's ModelAssuming that the company is interested in maximizing the total profit contribution , answer thefollowing:What is the linear programming model for this problem?b. Find the optimal solution. How many gloves of each model should Kelson manufacture?c. What is the total profit contribution Kelson can earn with the above production quantities?d. How many hours of production time will be scheduled in each department?What is the slack time in each department?Discuss the concepts of special case as they occur in each of the following situations:11/853/21/31/48а.e.f.Management has requested that the production of baseball gloves (regular pluscatcher's model) be such that the total number of gloves produced is at least 750.That is, 1x1 + 1x2 2 750.The original problem has to be solved again because the profit contribution for theregular model is adjusted to $4 per glove.* SOLUTION:

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Answered: Assuming that the company is interested…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question 1 "Every organization can be viewed as a set of loosely coupled network activities from the acquisition of raw material to the PT (production and transportation) of intermediate and finished goods (FG) up until the transportation of FG directly to the customer or a retail outlet. It is inventory (including work in progress WIP) that makes it "loosely" coupled, where inventory is defined as the accumulation and storage of products to be consumed in the next step of the network." Source: Adapted from Fordyce (2020) Analyse the above statement and justify if you agree or disagree with the sentiment of the author. Substantiate your answer.

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