Determine the optimal solution using lp software

Assignment Help Operation Management
Reference no: EM13904293

Kalyan Singhal Corp. makes three products, and it has three machines available as resources as given in the following LP problem:

Maximize contribution = 6X1 + 8X2 + 4X3

Subject to:

1X1 + 7X2 + 4X3 <= 72(hours on machine 1)

2X1 + 1X2 + 7X3 <= 76 (hours on machine 2)

8X1 + 4X2 + 1X3 <= 72 (hours on machine 3)

X1, X2, X3 >=0

(a) Determine the optimal solution using LP software. the optimal achieved is

X1=

X2-

X3=

contribution =

(b) Is there unused time available on any of the machines with the optimal solution?

(c) What would it be worth to the firm to make an additional hour of time available on the third machine?

(d) How much would the firms profit increase if an extra 15 hours of time were made available on the second machine at no extra cost?

Reference no: EM13904293

Questions Cloud

Integrated marketing communications strategy : Integrated Marketing Communications (promotion) strategy for your company. Describe a movie theaters integrated marketing communications (promotion) strategy. How do you communicate with your target market? What is the best means of communication for..
Describe the role of wholesaling for a movie theater : Wholesaling for your company. Describe the role of wholesaling for a movie theater. Do you use a wholesaler? What function or benefits do they provide?
Discuss what ouchi meant with that analogy : In writing about types of control, William Ouchi said, “The Market is like the trout and thee clan like the salmon, each a beautiful highly specialized species which require uncommon conditions for its survival in comparison, the bureaucratic method ..
Process used in design of the internal pay structure matter : Why does the process used in the design of the internal pay structure matter?  Distinguish between the processes used to design and administer a person-based and a job-based approach.
Determine the optimal solution using lp software : Kalyan Singhal Corp. makes three products, and it has three machines available as resources as given in the following LP problem: Is there unused time available on any of the machines with the optimal solution? What would it be worth to the firm to m..
Square-diamond-inverted triangle circle and arrow : Differentiate between the following common flowcharts symbols (square, diamond, inverted triangle circle, and arrow) and give an example of each.
Discuss specific strategies : What challenges may arise if a U.S. project manager moves to a foreign country to manage a project for 5 years? Discuss specific strategies that the U.S. project manager could use to be successful in a situation such as this. Be specific and support ..
Describe your approach to tracking a project : Describe your approach to tracking a project. What kinds of issues would you focus on if you were a project manager? Why? Please cite source if any
Project managers to resist changes to the project baseline : Why is it important for project managers to resist changes to the project baseline? Under what conditions would a project manager make changes to a baseline? When would a project manager not allow changes to a baseline?

Reviews

Write a Review

Operation Management Questions & Answers

  Which one of these is generally the most important

List the strategic objectives of aggregate planning. Which one of these is most often addressed by the quantitative techniques of aggregate planning? Which one of these is generally the most important?

  Selecting best vendors

There are two vendors who can supply you with empty cans used in your pickle business. One says he'll replace any cans you find defective free of charge.

  Which strategic training and development initiatives

Which strategic training and development initiatives do you think all companies should support regardless of economic conditions? Why?

  Various research strategies that are available to researcher

Before beginning any research, it is important to understand the various research strategies that are available to the researcher. Explore a possible organizational problem or topic that you would like to investigate. Create a PowerPoint presentat..

  Discuss the elements of supply chain management

What is a supply chain? Discuss the elements of supply chain management. What impact has e-business had on supply chain management? Discuss centralization versus decentralization in purchasing. What are the advantages of each?

  Describe characteristics of effective business communication

Describe the characteristics of effective business communication and give examples. What tools can you use to be more persuasive?

  Environmental factors and organizational process assets

The most important inputs for Risk Management Planning include: Environmental factors, organizational process assets, scope statement, and project management plan.

  What does sdlc stand for

What does SDLC stand for? What are the phases of the SDLC? Explain in one or two sentences of your own words what happens in each phase. If problems occur during the SDLC, is it better to identify and solve those problems near the beginning or ..

  Explain the business and economic implications

Discuss culture, values, ethics, and other such elements that lead to differences in social culture; Explain the business and economic implications of differences in culture and values;

  Practices in an area unrelated to project management

Explain what a best practice is in general terms and give examples of best practices in an area unrelated to project management, such as aviation or safety.

  Discuss the philosophy of management

Discuss the philosophy of management that will be applied to the management of the organization and how the structure of the organization will foster a positive work environment where employees will be motivated and productive.

  Two alternative plant layout designs are being proposed to

two alternative plant layout designs are being proposed to produce a new product. the production will consist

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