The Heinrich Company manufactures two types of plastic hanger racks (Foldaways and Straightaways) especially suited for mounting near clothes dryers Because permanent press clothing must be hung on hangers immediately after removal from the dryer, these items have been especially popular However, there is some concern that the Preppie movement (popularized by its own handbook) will extinguish polyester clothing Heinrich is terribly interested in doing the best with the resources it has while its products are still in demand The first type of hanger rack, the Foldaway, requires 10 ounces of plastic material and 0 3 hours of labor Plastic costs Heinrich 10 cents an ounce labor costs Heinrich 20 per hour The second type of hanger rack, the Straightaway, requires 15 ounces of plastic and 0 175 hours of labor The prices of these resources are the same as those for the Foldaway Under current market conditions, Heinrich can sell the Foldaway for 12 and the Straightaway for 11 Heinrich is unable to hire more than 350 hours of labor a week, or buy more than 50 000 ounces of plastic a week How many Foldaways and Straightaways should Heinrich produce to maximize their profit

The Heinrich Company manufactures two types of plastic hanger racks (Foldaways and Straightaways) especially suited for mounting near clothes dryers Because permanent press clothing must be hung on hangers immediately after removal from the dryer, these items have been especially popular However, there is some concern that the Preppie movement (popularized by its own handbook) will extinguish polyester clothing Heinrich is terribly interested in doing the best with the resources it has while its products are still in demand The first type of hanger rack, the Foldaway, requires 10 ounces of plastic material and 0 3 hours of labor Plastic costs Heinrich 10 cents an ounce labor costs Heinrich 20 per hour The second type of hanger rack, the Straightaway, requires 15 ounces of plastic and 0 175 hours of labor The prices of these resources are the same as those for the Foldaway Under current market conditions, Heinrich can sell the Foldaway for 12 and the Straightaway for 11 Heinrich is unable to hire more than 350 hours of labor a week, or buy more than 50 000 ounces of plastic a week How many Foldaways and Straightaways should Heinrich produce to maximize their profit

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter3: Introduction To Optimization Modeling

Section: Chapter Questions

Problem 1C

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Please no written by hand and no emage Kindly create a spreadsheet from the problem description. Find the optimal solution using Excel Solver (Please show working with steps on a spreadsheet) : The Heinrich Company manufactures two types of plastic hangerracks (Foldaways and Straightaways) especially suited for mountingnear clothes dryers. Because permanent press clothing must be hungon hangers immediately after removal from the dryer, these items havebeen especially popular. However, there is some concern that thePreppie movement (popularized by its own handbook) will extinguishpolyester clothing; Heinrich is terribly interested in doing the best withthe resources it has while its products are still in demand. The firsttype of hanger rack, the Foldaway, requires 10 ounces of plasticmaterial and 0.3 hours of labor. Plastic costs Heinrich 10 cents anounce; labor costs Heinrich $20 per hour. The second type of hangerrack, the Straightaway, requires 15 ounces of plastic and 0.175…
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Kindly create a spreadsheet from the problem description. Find the optimal solution using Excel Solver (Please show working with steps on a spreadsheet) : The Heinrich Company manufactures two types of plastic hangerracks (Foldaways and Straightaways) especially suited for mountingnear clothes dryers. Because permanent press clothing must be hungon hangers immediately after removal from the dryer, these items havebeen especially popular. However, there is some concern that thePreppie movement (popularized by its own handbook) will extinguishpolyester clothing; Heinrich is terribly interested in doing the best withthe resources it has while its products are still in demand. The firsttype of hanger rack, the Foldaway, requires 10 ounces of plasticmaterial and 0.3 hours of labor. Plastic costs Heinrich 10 cents anounce; labor costs Heinrich $20 per hour. The second type of hangerrack, the Straightaway, requires 15 ounces of plastic and 0.175 hoursof labor. The prices of these resources…