Formulate and solve a linear optimization model using the

Assignment Help Other Subject

Reference no: EM13457583

Klein Industries manufactures three types of portable air compressors: small, medium and large, which have units profits of $20.50, $34.00 and $42.00, respectively.

The projected monthly sales are:

	Small	Medium	large
Minimum	14,000	6,200	2,600
maximum	21,000	12,500	4,200

The production process consists of three primary activities: bending and forming, welding and painting. The amount of time in minutes needed to process each product in each department is shown below:

	Small	Medium	Large	Available time
Bending/forming	0.4	0.7	0.8	23,400
Welding	0.6	1.0	1.2	23,400
Painting	1.4	2.6	3.1	46,800

How many of each type of air compressor should the company produce to maximize profit?

(a) Formulate and solve a linear optimization model using the auxiliary variables cells methods and write a short memo to the production manager explaining the sensitivity information.

(b) Solve the model without the auxiliary variables and explain the relationship between the reduced costs and the shadow prices found in part A.

Reference no: EM13457583

Questions Cloud

Write 100 words within the discussion board responding to : write 100 words within the discussion board responding to the following questions. create a substantive and clear

However there are other goals that a firm may pursue such : the economic theory of the firm assumes that the principle objective of a firm is to maximize profits. however there

Discuss the class struggle between the patricians and the : discuss the class struggle between the patricians and the plebeians and the resulting struggle of the orders in early

Why were the 1920s called the roaring 20s do you think : why were the 1920s called the roaring 20s? do you think there were only roaring or were there bad parts to them as

Formulate and solve a linear optimization model using the : klein industries manufactures three types of portablenbsp air compressors small medium and large which have units

In many ways the changes in englands government reflected a : question in many ways the changes in englands government reflected a larger change in attitudes among educated people

What does it signify to say files were randomly selected : a random selection of files from a student counseling center revealed the following reasons why college students seek

There are an incredible number of applications for each : there are an incredible number of applications for each range of energy in the electromagnetic em spectrum. describe

Terence powderly wobblies knights of labor social : which doesnt belong and why?1. terence powderly . wobblies . knights of labor . social reformers2. skilled workers .

User Account

All Pages