Regular-time cost per monitor $ 70 Overtime cost per monitor $110 Subcontract cost per monitorial Carrying cost per monitor per month d h t r $120 $ 4 For each of the next 4 months, capacity and demand for flat- screen monitors are as follows: PERIOD MONTH 1 MONTH 2 MONTH 3" MONTH 4 Demand Сараcity Regular time Overtime Subcontract 2,000 2,500 1,500 2,100 1,500 400 750 1,600 1,600 400 600 200 400 600 600 600 "Factory closes for 2 weeks of vacation.
Q: roduction Lot Ibs. ze Q' nnual Inventory dollars olding Cost H nnual Setup Cost dollars otal Annual…
A: WE ARE ALLOWED TO DO FIRST THREE SUB PARTS ONLY. THE ANSWER IS AS BELOW:
Q: 6) APP Transportation (No Backorders Permitted) 1) Solve for the Production Plan. What is the value…
A: Find the calculations below: So the correct answer is "0".
Q: Anticipated demands for a four-period planning horizon are 23, 86, 40, and 12.The setup cost is $300…
A:
Q: Juicy-Juice Ltd. is planning to increase its juice supply for the fiscal year 2021 – 2022. With the…
A: Find the Decision tree below:
Q: The Chewy Candy Company would like to determine an aggregate production plan for the next six…
A: Below are the approach and calculations for all three plan options. The total cost for each plan is…
Q: A single inventory item is ordered from an outside supplier. The anticipated demand for this item…
A: Given - Demand = (6, 12, 4, 8,15, 25, 20, 5, 10, 20, 5, 4) Starting inventory = 4 Ending inventory =…
Q: _4. The maximum quantity which can be shifted to an unused square with a negative improvement index…
A: The question is related to Transportation Problem.
Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301,…
A: From the given data ,Using the chase demand strategy The following is computed:
Q: Lemon Company makes products X and Y, with the following production constraints representing two…
A: Here, It is Linear Programming Problem, given that profit function or Objective Function Z=4*X+2*Y,…
Q: Network Planning in SCM does not impact the following a. Match supply and demand b. SCM Cost c.…
A: THE ANSWER IS AS BELOW:
Q: for this problem B. How many tons of each product should be produced, and what is the projected…
A: SOLUTION: NOTE: ACCORDING TO BARTLEBY GUIDELINES WE HAVE AN AUTHORITY TO ONLY ANSWER THREE SUB PARTS…
Q: Jose Martinez of El Paso has developed a polishedstainless steel tortilla machine that makes it a…
A:
Q: (a) Use the northwest corner rule to establish an initial feasible shipping schedule and calculate…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: Anticipated demands for a five-period planning horizon are 14, 3, 0, 26, 15. Current starting…
A: The conditions provided are. Current inventory = 4 units Ending inventory = 8 units Holding cost (h)…
Q: Assume Elvis decides to use a dual allocation approach in which variable costs are traced directly…
A: Beef barn Fish bowl Variable cost per table $2 $2 number of tables 2,000 3,000 Variable…
Q: Find the optimal production policy for the following single period problem with the following data:…
A: 1200
Q: Cooper River Glass Works (CRGW) produces four differentmodels of desk lamps as shown in Figure 5.15.…
A: Answer: a) In this given problem, Cooper River Glass Works (CRGW) has four work stations for…
Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301,…
A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…
Q: The Johnny Ho Manufacturing Company inColumbus, Ohio, is putting out four new electronic components.…
A: Formula:
Q: A factory manufactures two products A and B on three machines X,Y, and Z. Product A requires 10 min…
A:
Q: Annie McCoy, a student at Tech, plans to open a hot dog stand inside Tech's football stadium during…
A: Given data Fixed Cost will be calculated by adding the vendor’s fee and equipment and stand fee for…
Q: An end product is being produced in a large manufacturing plant. The bill of material diagram is as…
A: To find the planned order release of component P Given data: From the given diagram: P is the…
Q: If the total cost of an item is $180 and its variable cost is $0, this cost can be described as:…
A: For the given statement, the correct option is (c) fixed. If the total cost of an item is $180…
Q: P. Sherman Corp. purchases 8,000 transistors each year as components for fishing simulation game.…
A: Below is the solution:-
Q: Prepare a disaggregation schedule for the following situation. The forecast for each period is 700…
A: Gross requirement for every period is maximum of customer orders and forecast. Project onhand…
Q: Ontario Sweet Shop makes special boxes of Valentine’s Day chocolates. Each costs $15 in material and…
A: Below is the solution:-
Q: Maha industries produces a product whose anticipated demand for the six periods is 263, 256, 301,…
A: From the given data: Computed using chase demand strategy in excel :
Q: Northwest Pipe (NP) makes water pipe. NP is planningproduction for the next seven months, March…
A: given, Th e forecast demands (in thousands of feet) are, respectively, 40,60, 70, 80, 90, 100, and…
Q: If the forecasted demand for the end item is the same each period, will the EOQformula result in…
A: Economic Order Quantity: EOQ is the simplest model of managing the inventory stock. It is a measure…
Q: A factory manufactures two products A and B on three machines X, Y, and Z. Product A requires 10 min…
A: Assume X1 = A and X2 = B Given that, The profit contribution of products A and B are 23.00 per unit…
Q: Tyler decides to use the Production Lot Model to estimate the amount of candy he should prepare in…
A: Given- Monthly Production = 12 lbsWorking days = 300 days/yearMonthly demand = 10 lbsManufacturing…
Q: Dwayne Cole, owner of a F lorida firm that ma nufacturesdisplay cabinets, develops an 8-month…
A: Given that REGULAR TIME COST 1000 OVERTIME COST 1300 SUBCONTRACT COST 1800 INVENTORY…
Q: 3) Gang Aft Agley, a manufacturing company, faces the aggregate planning problem shown in the table…
A: Decision Variables: Let Ri, Oi, Si be the regular, overtime, and subcontracting quantity respective…
Q: LenQua group is a drinking water factory in Serang. As the business progresses, demand is increasing…
A: Based on the Given Values, If X = 2 then table formation will be as follow.
Q: Leather-All produces a line of handmade leather products. At the present time, the company is…
A: (a) With the help of worker hours as an aggregate measure of production, the forecasted demand is…
Q: The company has pre-order for 6 heavy and 4 light balls that must be completed. (i) Calculate the…
A: The answer is as below:
Q: Variable cells Cell Name Final Value Reduced Cost Objective Coefficient Allowable Increase…
A: The allowable increase is infinity, so the highest it can go to is infinity.
Q: -imum inventory of 100 units at all times. At present they are carrying 500 wheel- barows in…
A: To enhance the profitability, each organization needs a sound creation plan. Nonetheless, powerful…
Q: Q3. Complete the following iteration tableau of Maximization problem of LPP and comment on the…
A: The answer is attached below and solved using solver
Q: Rainbow Inc's products are given below. If the company's total labor capacity is 3200 hours/week,…
A: The question is related to Oprtimum production of the product when there is Constraints. When there…
Q: case for adoption of yield management
A: ‘Yield management’ is one of the key hotel pricing approaches for the hotel sector, involving…
Q: Leather-All produces a line of handmade leather products. At the present time, the company is…
A: (a) Answer: (Using worker hours as an aggregate measure of production, the forecasted demand is…
Q: The Chewy Candy Company would like to determine an aggregate production plan for the next six…
A: Below are the approach and calculations for all three plan options. The total cost for each plan is…
Q: The lease cost for a specialized highway design software package is estimated to be $13,000 for each…
A:
Q: Cookie Monster has started a new cookie bakery to manufacture chocolate chip cookies and vanilla…
A: Below is the solution:-
Q: The Donald Fertilizer Company produces industrial chemi-cal fertilizers. The projected manufacturing…
A: Q1=90,000 Q2=60,000 Q3=90,000 Q4=1,40,000 a. Quarterly production rate…
Q: Ram Roy’s firm has developed the following supply, demand, cost, and inventory data. Allocate…
A: Given information Period Regular Time Overtime Subcontract Demand Forecast 1 30 10 5 40…
Q: Use the Wagner–Whitin and Silver–Meal methods to find production schedules for the following dynamic…
A: Let, During 6 month there is no production Period 5 with zero-inventory produces enough during the…
The production planning period for flat-screen monitors at Louisiana's Rao Electronics, Inc., is 4 months. Cost data are as follows: CEO Mohan Rao expects to enter the planning period with 500 monitors in stock. Backordering is not permitted (meaning, for example, that monitors produced in the second month cannot be used to cover first month's demand). Develop a production plan that minimizes costs using the transportation method. |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. Can you guess the results of a sensitivity analysis on the initial inventory in the Pigskin model? See if your guess is correct by using SolverTable and allowing the initial inventory to vary from 0 to 10,000 in increments of 1000. Keep track of the values in the decision variable cells and the objective cell.The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. As indicated by the algebraic formulation of the Pigskin model, there is no real need to calculate inventory on hand after production and constrain it to be greater than or equal to demand. An alternative is to calculate ending inventory directly and constrain it to be nonnegative. Modify the current spreadsheet model to do this. (Delete rows 16 and 17, and calculate ending inventory appropriately. Then add an explicit non-negativity constraint on ending inventory.)The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. Modify the Pigskin model so that there are eight months in the planning horizon. You can make up reasonable values for any extra required data. Dont forget to modify range names. Then modify the model again so that there are only four months in the planning horizon. Do either of these modifications change the optima] production quantity in month 1?
- Don't use chatgpt, I will 5 upvotes Alan wants to bake blueberry muffins and bran muffins for the school bake sale. For a tray of blueberry muffins, Alan uses 1/3 cup of oil and 2 eggs. For a tray of bran muffins, Alan uses 1/2 cup of oil and 1 egg. Alan has 4 cups of oil and 12 eggs on hand. He sells trays of blueberry muffins for $12 each and trays of bran muffins for $9 each. Alan wants to maximize the money raised at the bake sale. Let x represent the number of blueberry muffins and y represent the number of bran muffins Alan bakes.An electronics firm has a contract to deliver thefollowing number of radios during the next three months;month 1, 200 radios; month 2, 300 radios; month 3, 300radios. For each radio produced during months 1 and 2, a$10 variable cost is incurred; for each radio produced duringmonth 3, a $12 variable cost is incurred. The inventory costis $1.50 for each radio in stock at the end of a month. Thecost of setting up for production during a month is $250. Radios made during a month may be used to meet demandfor that month or any future month. Assume that productionduring each month must be a multiple of 100. Given thatthe initial inventory level is 0 units, use dynamicprogramming to determine an optimal production schedule.You own wheat warehouse with capacity of 20,000 bushels. At the beginning of month 1, you have 6,000 bushels of wheat. Each month, wheat can be bought and sold at the price per 1000 bushels given in the table Month Selling price ($) Purchase prie ($) 1 3 8 2 6 8 3 7 2 4 1 3 5 4 4 6 5 3 7 5 3 8 1 2 9 3 5 10 2 5 The sequence of events during each month is as follows: a. You observe your initial stock of wheat. b. You can sell any amount of wheat up to your initial stock at the current month's selling price. c. You can buy(at the current month's buying price) as much wheat as you want, subject to the warehouse size imitation. Your goal is to formulate an LP that can be used to determine how to maximise the profit earned over the next 10 months and solve using Excel solver or AMPL
- 1) The Sanders Garden Shop sells two types of grass seeds. Each type of grass seed needs different resources (per pound) as shown in table. Type Basic seeds provides a profit of $3 and Type Super provides a profit of $4.5 per pound. Type Basic Type Super Area in square feet 1 1 Pesticides 2 1 Harvesting &Packaging hours 2 5 Let X = the pounds of Type Basic seed Let Y= the pounds of Type Super seed The Linear Program has been provided as follows: Max 3X + 4.5Y s.t. 1A + 1B ≤ 300 ------1 2A + 1B ≤ 400 -------2 2A + 5B ≤ 750 --------3 A , B ≥ 0 USE GRAPHICAL SOLUTION PROCEDURE TO SOLVE THE LINEAR PROGRAM AND PERFORM THE FOLLOWING STEPS. • Draw the constraints • Shade the feasible region • Corners should be clear and make an arrow to define the feasible region. .Point out the optimal corner on the graph ( the…RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 of material 3. A ton of solvent base is a mixture of 1/2 ton of material 1, 1/5 ton of material 2, and 3/10 ton of material 3. After deducting relevant costs, the profit contribution is $40 for every ton of fuel additive produced and $30 for every ton of solvent base produced.RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has available the following quantities of each raw material:Raw Material Amount Available for ProductionMaterial 1 20 tonsMaterial 2 5 tonsMaterial 3 21 tonsAssuming that RMC is interested in maximizing the total profit contribution, answer the following:i. Compute the value of the objective function…RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 of material 3. A ton of solvent base is a mixture of 1/2 ton of material 1, 1/5 ton of material 2, and 3/10 ton of material 3. After deducting relevant costs, the profit contribution is $40 for every ton of fuel additive produced and $30 for every ton of solvent base produced.RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has available the following quantities of each raw material:Raw Material Amount Available for ProductionMaterial 1 20 tonsMaterial 2 5 tonsMaterial 3 21 tonsAssuming that RMC is interested in maximizing the total profit contribution, answer the following:a. What is the linear programming model for this…
- A total of 160 hours of labor are available each week at$15/hour. Additional labor can be purchased at $25/hour.Capital can be purchased in unlimited quantities at a cost of$5/unit of capital. If K units of capital and L units of laborare available during a week, then L1/2K1/3 machines can beproduced. Each machine sells for $270. How can the firmmaximize its weekly profits?The Westerbeck Company manufactures several models of automatic washers and dryers. The projected requirements over the next year for their washers are shown in the table below: Month & Requirement January - 710 February - 1090 March - 880 April - 690 May - 1400 June - 1130 July - 1550 August - 1020 September - 530 October - 390 November - 980 December - 1210 Current inventory is 140 units. Current capacity is 1,030 units per month. The average salary of production workers is $1,150 per month. Material costs $140/unit. Each production worker accounts for 35 units per month. Overtime is paid at time and a half. Any increase or decrease in the production rate costs $40/unit for tooling, setup, and line changes. This does not apply, however, to overtime. Inventory-holding costs are $30 per unit per month. Lost sales are valued at $70 per unit. Compare the costs of level and chase demand production plans using the Agg Plan – Level and Agg Plan – Chase…A machine shop manufactures two types of bolts. The bolts require time on each of the three groups of machines, but the time required on each group differs, as shown in the table below. Type I Type IIMachine 1 0.2 min 0.2 minMachine 2 0.6 min 0.2 minMachine 3 0.04 min. 0.08 min Production schedules are made up one day at a time. In a day, 300, 720, and 100 minutes are available, respectively, on these machines. Type I bolts sell for 15¢ and type II bolts for 20¢. (a) How many of each type of bolt should be manufactured per day to maximize revenue?(b) What is the maximum revenue?(c) Suppose the selling price of type I bolts began to increase. Beyond what amount would this price have to increase before a different number of each type of bolts should be produced to maximize revenue?