Define the objective function as an lp

Assignment Help Finance Basics
Reference no: EM131795927

Question: A canning company produces two sizes of cans-regulars and large. The cans are produced in 10,000-can lots. The cans are processed through a stamping operation and a coating operation. The company has 20 days available for both stamping and coating. A lot of regular-size cans require 3 days to stamp and 5 days to coat, whereas a lot of large cans requires 4 days to stamp and 3 days to coat. A lot of regular-size cans earns $1200 profit, and a lot of large-size cans earns $900 profit. In order to fulfill its obligations under a shipping contract, the company must produce at least nine lots. The company wants to determine the number of lots to produce of each size can (x1 and x2) in order to maximize the profit.

Set up the problem as an LP:

Define the variables

Define the objective function

Define the constraints

Reference no: EM131795927

Questions Cloud

Prepare the statement of cash flows for the month : Prepare the statement of cash flows of Ebert Coffee Roasters? Corp., for the month ended just August
How the countrys policies influence its productivity growth : Write a 200-word report recommending an off-shore country and support your choice with the following data.
What is the value of the call option : N(d1) and N(d2) represent areas under a standard normal distribution function. Using the BlackScholes model, what is the value of the call option
Strengths and limitations of this product flow process : What are the strengths and limitations of this product flow process?
Define the objective function as an lp : A canning company produces two sizes of cans-regulars and large. The cans are produced in 10,000-can lots. The cans are processed through a stamping operation.
Population mean and standard deviation : Suppose your marlceting colleague used a known population mean and standard deviation to compute the standard error as 49.5
How much will nicholas be able to deduct for each ticket : Assuming that all other deductibility requirements are met, how much will Nicholas be able to deduct for each ticket
Prepare an income tax return for carrie : Prepare an income tax return for Carrie for 2015. In doing this, use the following guidelines. If a refund results, Carrie wants it sent to her.
What is the probability of a and b occurring : Suppose A and B are mutually exclusive events. We know the probability of A occurring is 0.40 while the probability of B occurring is 0.30

Reviews

Write a Review

Finance Basics Questions & Answers

  What must the coupon rate be on the bonds

1.Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon..

  How does the yield on a repurchase agreement differ

Repurchase Agreements : - How does the yield on a repurchase agreement differ from a loan in the federal funds market? Why?

  Discuss how the advent of the euro would affect

discuss how the advent of the euro would affect international diversification

  Identify the parameters of the model

Clearly identify the parameters of the model. Certain parameters are keys to the problem and thus carry significantly higher weights than others.}

  Calculate the time-weighted geometric average return on

a manager buys three shares of stock today and then sells one of those shares each year for the next 3 years. his

  Free cash flow iron

Ore Corp. reported free cash flows for 2008 of $94 million and investment in operating capital of $197 million.

  An executiversquos position identify and explain at least

think about what you have read and seen in the news on globalization. consider the fact that the clothing we wear the

  What can you say about the advertisements

A mobile phone has an advertised life of 30,000 hours. A sample of 50 phones had a life of 28,500 hours with a standard deviation of 1,000 hours. What can you say about the advertisements?

  Stock reacquisition

From the e-Activity, briefly outline the details of the stock reacquisition, and give your opinion of whether or not the stock reacquisition created value for the corporation that you researched. Provide a rationale to support your opinion.

  What is the optimal contribution to profit

Bay Oil produces two types of fuel (regular and super) by mixing three ingredients. The major distinguishing feature of the two products is the octane level.

  Its required returnfor debt rd is 6 its debt-to-total-value

calculating the waccgettys required return for equityre is 18. its required returnfor debt rd is 6 its

  Perspective of an investment analyst

What are the underlying assumptions from the perspective of an investment analyst faced with the circumstances in the case-where do you see them?

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