Draw the objective function at two different locations

Assignment Help Operation Management
Reference no: EM131920503

Problem 1. Consider the Example Problem on page 93 of the text book.

Problem Statement
The Xeko Tool Company is considering bidding on a job for two airplane wing parts. Each wing part must be processed through three manufacturing stages-stamping, drilling, and finishing-for which the company has limited available hours. The linear programming model to determine how many of part 1 (x1) and part 2 (x2) the company should produce in order to maximize its profit is as follows:

Objective: maximize z (x1, x2) = $650x1 + 9$10x2

Subject to:

4.0x1 + 7.5x2 <= 105 (stamping, hrs) (1)

6.2x1 + 4.9x2 <= 90 (drilling, hrs) (2)

9.1x1 + 4.1x2 <= 110 (finishing, hrs) (3)

x1, x2 >= 0 (non-negativity) (4)

Problem 1.1. LP Graphical Solution

Follow the steps one by one as follows:

Step 1. Assume that initially we have only constraint 1 and 4. Draw the feasible region using constraint 1 and find the Optimal value. Draw the objective function at two different locations at the graph.

Step 2. Assume that we have now constraints 1, 2, and 4. Draw the feasible region using constraints 1 and 2 and find the optimal solution. Draw the objective function at two different locations at the graph.

Step 3. Assume that now we have constraints 1, 2, 3 and 4. Draw the feasible region using all constraints and find the optimal solution. Draw the objective function at two different locations at the graph.

Step 4. Conduct sensitivity analysis on the objective function coefficients.

Step 4.1 What is the range for the objective function coefficient for wing part x1 by fixing the corresponding coefficient of the wing part x2 at its current value of $910.

Draw the objective function at two different locations on the graph.

Step 4.2 What is the range for the objective function coefficient for wing part x2 by fixing the corresponding coefficient of the wing part x1 at its current value of $650. Draw the objective function at two different locations on the graph.

Step 5. Conduct sensitivity analysis for the resource (hours of manufacturing production) constraints

Step 5.1 Increase the value of the stamping optimal binding constraint by one hour. Draw the feasible region and find the optimal value.

Step 5.2. Decrease the value of the stamping optimal binding constraint using the original constraint value by one hour. Draw the feasible region and find the optimal value.

Step 5.3 Increase the value of the drilling optimal binding constraint by one hour. Draw the feasible region and find the optimal value.

Step 5.4. Decrease the value of the drilling binding constraint using the original constraint by one hour. Draw the feasible region and find the optimal value.

Step 5.5. Increase the stamping constraint by a maximum value such that it is still an optimal binding constraint. Draw the feasible region and find the optimal value.

Step 5.6. Increase the drilling constraint by a maximum value such that it is still an optimal binding constraint. Draw the feasible region and find the optimal value.

Step 5.7. Decrease the stamping constraint by a maximum value such that it is still an optimal binding constraint. Draw the feasible region and find the optimal value.

Step 5.8. Decrease the drilling constraint by a maximum value such that it is still an optimal binding constraint. Draw the feasible region and find the optimal value.

Reference no: EM131920503

Questions Cloud

How much will be distributed to the common stockholders : How much will be distributed to the preferred and common stockholders on the date of payment if the preferred stock is $8,000 in arrears?
Determine the best location for this new facility : A small manufacturing facility is being planned that will feed parts to three heavy manufacturing facilities.
How sales analysis depending on the nature of the company : Various breakdowns can be used for sales analysis depending on the nature of the company and its products. Describe a situation (one for each).
Calculate an estimate of the dollar amount of inventory : Calculate an estimate of the dollar amount of inventory on hand at the close of business on August 14 before the fire.
Draw the objective function at two different locations : Draw the feasible region using constraint 1 and find the Optimal value. Draw the objective function at two different locations at the graph.
Prepare a cash basis and an accrual basis income statement : Mostert Music Company had the following transactions in March. Based on the information above, prepare a cash basis and an accrual basis income statement.
Distinguish between sales analysis and performance analysis : Distinguish between a sales analysis and a performance analysis. Carefully explain what the iceberg principle should mean to the marketing manager.
Prepare the operating activities section of the cash flows : Required: Prepare the operating activities section of the statement of cash flows for St. Joe's Inc. for 2008, using the indirect method
Complete the contribution margin income statement : Morning Dove Company manufactures one model. Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,200 units.

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