Homework Homework 07. Chapter13, Linear Optimization (theoSaveWorley Fluid Supplies produces three typen of fuid handing equipment control valves, metenng pumps, and hydraue cytinders. AlI three producta reguire assemery and lestng before theycan be shipped to customers. The accompanying data provide the number of minutes that each type requires in assemtly and lesting, the profit, and sales estimates. Atotal of 3,000minutes of assembly time and 2,100 minutes of testing time are avalable next week Develop and solve a linear optimiztion model to determine how many pieces of equipment thecompany should make next week to maximize proft contritution.Complete the tatie below to indicate how many pieces of equipment shoukd be madeControl ValveMetering PumpHydraule Cylinder(Round to the nearest whole number as needed)Clear allCheck anwerHelp me solve thisView an exampleGet more help - - XProduction and sales estimate dataControl ValveMetering PumpHydraulic CylinderAssembly time (min)452030Testing time (min)201525Profit/unit$373$174$287Maximum sales215145Minimum sales71422PrintDone

Decision Variables: Suppose-C = No. of pieces of control valves equipment to be madeM = No. of…

Answered: Homework: Homework 07. Chapter 13,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

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

See similar textbooks

Similar questions

Comprehensive Problem 1Part 7: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete parts 1, 2, 3, 4, and 6 before completing part 7. Part 5 is optional. Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank.
Many automobiles can be ordered in one of two engine sizes (examples are theLincoln LS, the Lexus Coupe, and the Jaguar S Type) but are virtually identical inevery other way. How might these automakers use the concept of postponement intheir production planning?
Special Order; Opportunity Cost Alton Inc. is working at full production capacity producing20,000 units of a unique product. Manufacturing costs per unit for the product are as follows:[LO 11-2]Direct materials $ 9Direct labor 8Manufacturing overhead 10Total manufacturing cost per unit $27The per-unit manufacturing overhead cost is based on a $4 variable cost per unit and $120,000fixed costs. The nonmanufacturing costs, all variable, are $8 per unit, and the sales price is$45 per unit.Sports Headquarters Company (SHC) has asked Alton to produce 5,000 units of a modificationof the new product. This modification would require the same manufacturing processes. However,because of the nature of the proposed sale, the estimated nonmanufacturing costs per unit are only$4 (not $8). Alton would sell the modified product to SHC for $35 per unit.Required Set up an Excel spreadsheet to answer the following questions:1. What is the impact on short-term operating profit of accepting the special…
Jewelry store has 268.25 ounces of 14- carat gold in stock . 1 how many custom necklaces can be manufactured if each requires 3 5/8 ounces of gold
Purple just sold Fred $4.9 billion of computer equipment. Fred immediately takes delivery and pays $1.6 billion in cash upon taking delivery; the remaining $3.3 billion is due n 30 days. Inventory associated with the order is $2.4. Ignore taxes. What is the impact of this transaction on: a. Revenues, b. Earnings, c. Receivables, d. Inventory, e. Cash Question content area bottom Part 1 a. Revenues change by $negative 3.3−3.3 billion. (Round to one decimal place. Use a negative sign for a decrease in value.) b. Earnings change by $enter your response here billion. (Round to one decimal place. Use a negative sign for a decrease in value.) c. Receivables change by $enter your response here billion. (Round to one decimal place. Use a negative sign for a decrease in value.) d. Inventory changes by $negative 9−9 billion. (Round to one decimal place. Use a negative sign for a decrease in value.) e. Cash changes by $enter your response here million.…
. Briefly define or explain each of these terms:a. Master scheduleb. Bill of materialsc. Inventory recordsd. Gross requirementse. Net requirementsf. Time-phased plan
How Tyler should plan on ordering the flour for his bakery. Based on the attached: How much should Tyler plan on ordering the flour for his bakery? When should Tyler order the flour for his bakery
M&L Manufacturing makes various components for printers andcopiers. In addition to supplying these items to a major manufacturer,the company distributes these and similar items to officesupply stores and computer stores as replacement parts forprinters and desktop copiers. In all, the company makes about20 different items. The two markets (the major manufacturerand the replacement market) require somewhat different handling.For example, replacement products must be packagedindividually whereas products are shipped in bulk to the majormanufacturer.The company does not use forecasts for production planning.Instead, the operations manager decides which items to produceand the batch size, based on orders and the amounts in inventory.The products that have the fewest amounts in inventory get thehighest priority. Demand is uneven, and the company has experiencedbeing overstocked on some items and out of others. Beingunderstocked has occasionally created tensions with the managersof…
M&L Manufacturing makes various components for printers andcopiers. In addition to supplying these items to a major manufacturer,the company distributes these and similar items to officesupply stores and computer stores as replacement parts forprinters and desktop copiers. In all, the company makes about20 different items. The two markets (the major manufacturerand the replacement market) require somewhat different handling.For example, replacement products must be packagedindividually whereas products are shipped in bulk to the majormanufacturer.The company does not use forecasts for production planning.Instead, the operations manager decides which items to produceand the batch size, based on orders and the amounts in inventory.The products that have the fewest amounts in inventory get thehighest priority. Demand is uneven, and the company has experiencedbeing overstocked on some items and out of others. Beingunderstocked has occasionally created tensions with the managersof…
A busness is aunchng a new product. The aunch wil require a number of related actvties as follows hre (7 weeks) select an advertising agency (2 weeks), plan an advertising campaign wth the agency (4 weeks),products from the manufacturer (13 weeks) select distributors for the product (9 weeks), take initial orders fromoperation (12 weeks), pack enough products for the launch stock (8 weeks), order the launch quantty ofthe distrbutors (3 weeks), dispatch the initial orders to the distrbutors (2 weeks). (a) What is the earest timeconduct the advertsing campaign (10 weeks), design the packaging of the product (4 weeks), set up packinga sales manager (5 weeks), requre the sales manager to recruit saes peope (4 weeks), tran the sales people that the new product can be ntroduced to the market? (b) If the company hre traned salesmen who do notneed further training, coud the product be introduced 7 weeks earler? (c) How long could one delay selectngthe advertising agency? In the example above,…
8. The following information is related to Mr. Fakhrul's business. Mr. Fakhrul just graduated from a local university. He has not secured any employment for the past 12 months. Mr. Fakhrul wants to open an onion chip production industry in Bukit Mertajam, Penang. What factors should be considered before Mr. Fakhrul starts this business? Capital Il Season Ill Training IV Stock
Electro Fans has just received an order for one thousand 20˝ fans due in week 7. Each fan consists of a housing assembly, two grills and a fan assembly. The housing assembly consists of a frame, two supports and a handle. The following table gives lead times, on-hand inventory, and scheduled receipts. Table 1.1: Lead time and quantity on hand Item Lead Time Qty on hand Lot size# Scheduled receipt 20˝ Fan Housing Frame Supports (2) Handle Grills (2) Fan Assembly 1 1 2 1 1 2 3 80 90 - 50 400 200* 150 - - - 100 400 450 - 50 fan assembly in week 2 * In week 3 it was found that 50% of the on hand inventory of the grills was damaged. # Items without any lot size given should be considered as lot-for-lot. (i) Construct a product structure. (ii) Construct a time-phased product structure. (iii) Prepare a net requirement plan.

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS