A company possesses two manufacturing plants, each of which can produce three products, X, Y, and Z, froma common raw material. However, the proportion in which the products are produced differs in each plant,and so are plant's operating costs per hour. Data on production per hour and costs are given below,together with current orders in hand of each product.ProductsOperating cost perhourYPlant A49.Plant B4210Orders on hand502460Formulate the above as a linear programming problem. Find the number of production hours needed tofulfill the orders on hand at minimum cost using the using Big M method.

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Answered: Products Operating cost per hour Y…

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...

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Your Corporation manufactures four products that use the same raw material and production machine. Your Company is experiencing a shortage of pounds of the raw material. Information related to the four products are shown below. Products A B C D Selling price $40 $32 $35 $65 Variable cots $34 $22 $27 50 Machine hours per unit 6 8 5 7 Pounds per unit 18 20 28 38 To maximize profit next month, in what order would it be best to schedule production (first to last)? a. A, B, C, D b. A, D, B, C c. B, D, A, C d. D, A, C, B
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Perform an ABC analysis on the following set of products Item Annual Demand Unit Cost A211 800 R9 B390 100 R90 C003 450 R6 D100 400 R100 E707 85 R2000 F660 250 R320 G473 500 R75 H921 100 R75
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If the company in #8 uses exponential smoothing (smoothing factor = .6) and the forecast for the year is the figure they use for EOQ calculations, calculate the EOQ using the following information: The cost of ordering and carrying cost % are the same as #7 Cost of ordering: $25 Carrying costs: 45% Starting with 2018, Forecast the 2020 demand using exponential smoothing and then use that forecast as the annual demand. year sales 2017 1,000,000 2018 1,200,000 2019 2,000,000 2020
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Products Operating cost per hour Y Plant A 2 4 Plant B 2 10 Orders on hand 50 24 60 Formulate the above as a linear programming problem. Find the number of production hours needed to fulfill the orders on hand at minimum cost using the using Big M method.