Estimating values to maximize the profit

Assignment Help Operation Management
Reference no: EM13105746

Solve the following linear programming problem graphically using the corner-point method.
Maximize profit = 4X + 6Y
Subject to: X + 2Y ? 8
5X + 4Y ? 20
X, Y ? 0
What are the X and Y values that maximize the profit? Please list all the corner points in this case and compute the corresponding objective values of each of the corner points.

Reference no: EM13105746

Questions Cloud

Formulate the linear programming production mix situation : Electrocomp Corporation manufactures two electrical products: air conditioner and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling.
How expand markets and seek new opportunity : You have been employed as the marketing manager for smith snacks a purveyor of flavoured popcorns and other gourmet treats
Explain treatment for symptoms or intervention-precipitation : Explain precipitation situation. What occurred? How did you or they react? What particular symptoms did you or other person experience?
What is the best point estimate for the population mean : A student wanted to construct a 95% confidence interval for the average age of students in her statistics class. She randomly selected 9 students. Their average age was 19.1 years with a standard deviation of 1.5 years. What is the best point esti..
Estimating values to maximize the profit : Solve the following linear programming problem graphically using the corner-point method. What are the X and Y values that maximize the profit?
Case study - daniel grand rapids : Daniel is the owner of a chain of shoe stores. He rentals Ruby to be the manager of a new store which is to open in Grand Rapids, Michigan.
Key data regarding confidence intervals : A sociologist is studying the prevalence of crime in one major city. In a sample of 225 randomly selected residents, 60 say that they have been victimized by a criminal.
Random sample of group leaders : A random sample of 85 group leaders and supervisors revealed that they worked an average of 6.5 years before being promoted. The population standard deviation was 1.7 years. Using the 0.95 degree of confidence, what is the confidence interval for ..
Relationship between the states and federal government : Think about the concept of the relationship between the States and Federal government in regards to health policy. With the proposals for a nationalized healthcare syste.

Reviews

Write a Review

Operation Management Questions & Answers

  Construct an external factor evaluation matrix

Construct an External Factor Evaluation Matrix On Microsoft. This Matrix should follow the format of the examples

  Discuss key aspects to developing successful process

Discuss some of the key aspects to developing successful process and systems development projects. Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response.

  Find the order quantity to minimize total annual cost

A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.4 per stone for quantities of 600 stones or more, $9.5 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities.

  Explain the relationship of strategic objectives information

Explain the relationship of strategic objectives information to PMO outpuits. Explain how executives might be operating today without this information

  Identify and discuss the trade offs associated supply chain

Identify and discuss the trade offs associated with operating a supply chain that handles both forward and reverse movements as compared

  Illustrate do data on employee injuries-incidents turnover

Illustrate what do data on employee injuries, incidents, absences, also turnover suggest to you. Is there reason for concern about company's direction.

  Illustrate what skills would you personally need to develop

Use the concepts of transactional, transformational, charismatic also authentic leaders to describe the leadership of Ingvar Kamprad. Illustrate what skills would you personally need to develop or refine these skills.

  Repaid in equal monthly installments over

The annual percentage rate (APR) is 9% compounded monthly, and the loan is to be repaid in equal monthly installments over the next four years.

  Dimension of service quality addresses whether the employees

dimension of Service Quality addresses whether the employees generated customer trust and confidence

  Illustrate what is the expected weekly output of cranks

the industry expects to achieve an efficiency level for the cranks of 85percent. Illustrate what is the expected weekly o/p of cranks for this company.

  Elucidate company is having difficulty preparing for future

Elucidate however, there is not enough money for a full-blown, cross-functional enterprise application, also you will need to limit first step to a single functional area or constituency. Illustrate what will you choose, also why.

  Calculate the schedule variance schedule performance index

Calculate the schedule variance, schedule performance index,and cost performance index for the project to date

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