Determine the sensitivity ranges for the objective

Assignment Help Operation Management
Reference no: EM1387847

A company produces two products, A and B, which have profits of $9 and $7, respectively. Each unit of product must be processed on two assembly lines, where the required production times are as follows.

product line1 line2

A 12 4

B 4 4

Total hrs 60 40

a) Formulate a linear programming model to determine the optimal product mix that will maximize profit.

b) Transform this model into standard for.

c) Determine the sensitivity ranges for the objective function coefficients, using graphical analysis.

d) Identify the amount of unused resources (i.e. slack) at each of the graphical extreme points.

Reference no: EM1387847

Questions Cloud

Strategies of successful managers : With the rapid growth of specialty hospitals, physician-run outpatient surgery centers and diagnostic centers, traditional hospitals are facing increased competition.
Define the decision variables and write the linear program : Define the decision variables and write the linear program appropriate for maximizing monthly profit contribution. What is the optimal solution?
Write program which prompts user to enter numbers : Write down the program which prompts the user to enter numbers, findsout how many positive and negative values have been entered, and calculates sum and average of numbers entered.
Unbiased estimator of theta : Show that theta~ = u(X) is an unbiased estimator of theta, where u(0) = 1 and u(x) = 0 if x =1,2, ... Compare the MSEs of theta(hat) and theta~ for estimating theta = e^(-m) when m=1 and m=2
Determine the sensitivity ranges for the objective : Determine the sensitivity ranges for the objective function coefficients, using graphical analysis.
What are the x and y values that maximize the profit : Formulate the linear programming production-mix situation. A model similar to the one on Slide 17 of the lecture slides of Week 14 is expected.
Find rate of neutral substitution depend on : DNA sequences differ between species due to substitution events, i.e. when new mutations arise and become fixed by drift or selection in one of the species.
Blood vessel bifurcates into two smaller vessels : Determine when a blood vessel bifurcates into two smaller vessels, the radii of the two smaller vessels add up to a larger cumulative radius than the radius of the original vessel.
What would be the effect on the optimal solution : What would be the effect on the optimal solution if the production time on line 1 was reduced to 40 hrs? what would be the effect on the optimal solution if the profit for the product B was increased from $7 to $15? to $20?

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