Demand for corduroy are left over at the optimal solution

Assignment Help Operation Management
Reference no: EM131711925

Irwin Textile Mills produces two types of cotton cloth – denim and corduroy. Corduroy is a heavier grade of cotton cloth and, as such as, requires 8 pounds of raw cotton per yard, whereas denim requires 5.5 pounds of raw cotton per yard. A yard of corduroy requires 3.6 hours of processing time; a yard of denim requires 2.8 hours. Although the demand for denim is practically unlimited, the maximum demand for corduroy is 600 yards per month. The manufacturer has 6,500 pounds of cotton and 3,000 hours of processing time available each month. The manufacturer makes a profit of $3.0 per yard of denim and $4.0 per yard of corduroy. The manufacturer wants to know how many yards of each type of cloth to produce to maximize profit.

(a) Formulate a linear programming model for this problem.

(b) Solve the problem by using the computer.

(c) How much extra cotton, processing time, and the demand for corduroy are left over at the optimal solution in (a)?

(d) Identify the sensitivity ranges of the profits of denim and corduroy, respectively, at the optimal solution in (a).

(e) What is the effect on the optimal solution if the profit per yard of denim is increased from $3.0 to $4.0?

Reference no: EM131711925

Questions Cloud

Inventory turnover is an operations efficiency measure : Inventory turnover is an operations efficiency measure and which of the following is the most appropriate answer.
Using nursing assessment techniques : Write journal on how to check for breast cancer education on women and testicular cancer on men using nursing assessment techniques.
Would company buy a put option or a call option : Assume a company has an accounts receivable on its books that is denominated in a foreign currency. Would company buy a put option or a call option
Identify new pieces of information that you learned : Identify 3 new pieces of information that you learned by listening to the podcast.
Demand for corduroy are left over at the optimal solution : How much extra cotton, processing time, and the demand for corduroy are left over at the optimal solution in (a)?
Discuss the implications of the model minority concept : Discuss the implications of the model minority concept as it relates to social work practice with Asian Americans
Calculate the net present value and payback period : Sun Peaks Ski Resort is considering an investment of $ 250,000 in a capital project. Calculate the following: The payback period and discounted payback period
How much money is being requested from the lender : A clear explanation of how much money is being requested from the lender and how the money will be used to expand the business.
Explore how impression management becomes a key tool : explore how impression management becomes a key tool in the courtroom. What can you find out about the use of impression management by lawyers

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