Firm produces tractors and lawn mowers

Assignment Help Operation Management

Reference no: EM131149939

A firm produces tractors and lawn mowers and make a profit of $30 on each tractors and $30 on each lawn mower. And they sell all they can produce. The time requirement in the machine shop, fabrication, and tractor assembly as well as the maximum time available for each process are given below. Machine Shop Fabrication Assembly Tractor 2 hours 2 hours 1 hour Lawn Mower 1 hour 3 hours 0 hour Hrs. Available 60 hours 120 hours 45 hours a) Formulate a linear program to maximize the profit. Clearly define your decision variables, constraints and objective function b) Solve the formulated linear graphically and find the optimal solution and the profit company will make c) Determine manually the sensitivity range for the profit per tractors. Show your manual calculations d) By inspecting your graph, determine the shadow price for assembly, Explain the rationale to your answer e) Calculate manually the maximum amount a manager should be willing to pay for one additional hour of machine time. Show your calculations f) Determine manually and by inspecting your graph the sensitivity range assembly? Explain rationale your answer

Reference no: EM131149939

Questions Cloud

Published timeline of significant events : Strategy Timeline Labeling Due by July 8th at 10 a.m. 40 points possible Choose an organization that you are interested in that has published a timeline of significant events in its history. Print a copy of the timeline (or portion if it is too long)..

Explain activities that take place during each phase of sdlc : They have asked you to develop a presentation that explains the activities that take place during each phase of the SDLC to ensure software development success.

Describe your feelings about working in team : Describe your feelings about working in a team, your feelings about the results of the strengths assessment and if your self perceptions are in any way in conflict with the assessment results.

What is the amortization schedule of these sixty payments : Moulton Motors is advertising the following deal on a new Honda Civic: “Monthly Payments of $400.40 for the next 60 months and this beauty can be yours!” The sticker price of the car is $18,000. If you bought the car, what interest rate would you be ..

Firm produces tractors and lawn mowers : A firm produces tractors and lawn mowers and make a profit of $30 on each tractors and $30 on each lawn mower. And they sell all they can produce. The time requirement in the machine shop, fabrication, and tractor assembly as well as the maximum time..

Why does it take more per month when she is putting money : Why does it take more per month when she is putting money away at 9% than when she was earning a lower rate of 6% over the forty-four years?

Describe the cisco campus architecture : Describe the Cisco Campus architecture, and explain the primary reasons why it is important for AtoZ Insurance. Provide a rationale for your response.

What is the relationship between the type of data and tools : Determine the category of the provided data in the given case study. Be sure to justify why the data fits into this category type. What is the relationship between the type of data and the tools

What is the null and the alternative hypotheses : What is your recommendation to the president based on expected value that maximizes profits (EMV). Provide a second recommendation to the president that minimizes regret.

User Account

All Pages