OPERATIONS MANAGEMENT LL PACKAGE
11th Edition
ISBN: 9781323592632
Author: KRAJEWSKI
Publisher: Pearson Custom Publishing
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Question
Chapter D, Problem 1DQ
Summary Introduction
Interpretation: The information required to decide whether the management needs to rent a warehouse is to be determined. Also, the ways in which the linear programming model can be helpful is to be determined.
Concept Introduction:When there are more than two variables (behaving linearly) in a problem in which an objective function is to be optimized, the problem can be solved through linear programming. The solution will also indicate the critical and non-critical variables (called constraints). Thus the impact of any variation of the critical constraints can also be assessed.
Expert Solution & Answer
Answer to Problem 1DQ
The inferenceof not taking another warehouse on rent (at whatever rate) can be derived from this model.
Explanation of Solution
Given information:
- Three equal to or less than constraints.
- The two critical constraints of raw material and labour costs.
- Availability of a warehouse at cheap rates.
- The management needs to know whether storage space is a binding constraint. It is not, because the intersection of labour hours and raw materials is the optimal solution.
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Chapter D Solutions
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