Calculate the profit value of p at each extrema

Assignment Help Operation Management
Reference no: EM13862577

1. Make a sketch of the feasibility region defined by the following constraints. Label the edges of the region with numbers; label the extrema with letters. Find and present the coordinates of the extrema. Assume that x and y are both equal to or greater than zero.
Version B: 2y<=2x, 2x+3y<=15, 3y>=x, x>=1

2. The constraints on a particular manufacturing process are shown on the right. The extrema of the feasibility region have been calculated and plotted.

1814_Calculate the profit at each extrema.png

Using the profit function given below, calculate the profit (value of P) at each extrema.

P=x-2y

At which extremum is the profit the maximum? The minimum? (A negative profit is a loss. The minimum profit is either the smallest positive profit, or the largest loss.)

3. Eye-Full Optics assembles astronomical telescopes (x), premium binoculars (y) and student-grade microscopes (z) from imported parts. Each telescope takes one hour to assemble, each pair of binoculars two hours, and each microscope three hours; the availability of skilled labor limits assembly work to 1000 hours per day. Eye-Full has a contract with FedEx, and must ship no less than 400 items per day. A contract with a major retailer requires them to deliver a minimum of 100 telescopes, 250 binocs, and 50 microscopes per day. But there are supply limitations. The telescopes and binocs are shipped with the same eyepieces; each scope has one, and each pair of binocs has two. The subcontractor who supplies the eyepieces can only furnish 800 per day. Similarly, both the binocs and the microscopes use the same prisms; each pair of binocs needs two, and each microscope needs four. The prism supplier can only ship Eye-Full 1600 per day.

If Eye-Full makes a profit on $150 on each scope, $220 on each pair of binocs, and $300 on each microscope, how many of each should the company manufacture each day? What is its daily profit?

Verified Expert

Reference no: EM13862577

Questions Cloud

Compare and contrast public and in-house cas : Compare and contrast public and in-house CAs
Differences between a process and a function : Explain the differences between a process and a function. In your paper, persuade the reader on why this information is important to know
Difference between insiders and out siders : differences between corporate espionage offenders who are so-called "insiders" and those who are so-called "outsiders".
What fraction of output is expected to be out of tolerance : If there is an upper and lower specification, where the upper thickness limit is 2.4 and the lower thickness limit is 1.4, what fraction of the output is expected to be out of tolerance?
Calculate the profit value of p at each extrema : If Eye-Full makes a profit on $150 on each scope, $220 on each pair of binocs, and $300 on each microscope, how many of each should the company manufacture each day? What is its daily profit?
How modify network''s dns zones or records : modify your network's DNS zones or records
Estimate the number of fast shut-downs the reactor : When a fast-breeder reactor is shut down quickly, the temperature of the surface of a number of components drops from 600°C to 400°C in less than a second. These components are made of a stainless steel and have a thick section the bulk of which r..
What evolutionary process should universities be looking : Who is managing the customer of the University?
Data gathering and factual analysis : Design a formal process to determine if ideas that are presented are worthy of market testing. Include and explain the following: Likely sources of new product or business ideas and Data gathering and factual analysis

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd