Linear programming model for problem

Assignment Help Business Management
Reference no: EM131341523

Costal Cup Company wants to determine how many cases of large and small cups should be produced per day in order to maximize profit given the labor and material constraints.  The unit profit value for large cups is $30 per case, for small cups the unit profit value is $25 per case. There are 120 hours of labor and 2000 units of resin material available per day.  Each case of large cups requires .75 hours of labor and 15 units of resin material to produce, each case of small cups requires 1 hour of labor and 12 units of resin material to produce. 

  1. Formulate a linear programming model for this problem to determine how many bowls and how many mugs should be produced in order to maximize the total profit.
  2. Solve this problem by using the graphing method OR by using Excel Solver.
  3. What is the optimal solution?
  4. Which constraints are binding?

Reference no: EM131341523

Questions Cloud

How your community program will be marketed : Based on the information you derived from your community, propose a new community service that is aimed at reducing the effects of social inequality. Identify how your community program will be marketed towards your targeted population
Specific group decision-making techniques : Do a search on YouTube for videos on group decision making or on specific group decision-making techniques discussed in the background materials. Choose a video you found to be very useful at explaining the techniques in the background materials, ..
Compare the results of this model to biofilm of this module : Adjust the diffusion algorithm to model slower diffusion deeper within the biofilm. Compare the results of this model to biofilm of this module.
Which to evaluate the financial efficacy of project : There are numerous methods by which to evaluate the financial efficacy of a project. Based on the following methods: 1) NPV, 2) IRR, 3) Discounted Payback and 4) PI – discuss the pros and cons inherent in each method. Finally, which method is superio..
Linear programming model for problem : Formulate a linear programming model for this problem to determine how many bowls and how many mugs should be produced in order to maximize the total profit. Solve this problem by using the graphing method OR by using Excel Solver.
Discuss characteristics of culturally competent organization : Evaluate two of the five characteristics of a culturally competent organization, in terms of how well they relate to human resources management best practice strategies.Evaluate at least two benefits that arise from an organization's use of the e..
Describe the challenges the healthcare system faces : After watching A Looming Crisis in Care, describe the challenges the healthcare system faces in regards to protecting the health of the older population. Do you believe the new healthcare legislation has identified and attempted to alleviate thes..
Explore what we call diverse contemporary theatre today : Select one person (playwright, actor, designer, etc.) from the groups listed above. Explore, prepare and discuss his or her historical, social and cultural importance to what we call "diverse contemporary theatre" today?
Expect evco stock to sell for immediately after firm : Assume? Evco, Inc. has a current stock price of $53.69 and will pay a $1.90 dividend in one? year; its equity cost of capital is 12%. What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justif..

Reviews

Write a Review

Business Management Questions & Answers

  Marginal productivity of land in the production of housing

What is the marginal productivity of land in the production of housing? Assuming there is competition in the supply of housing, what is the competitive rental payment to land?

  Use of non-licensed assistive personnel in health care

Show issues unique to the use of non-licensed assistive personnel in health care - Licensed Practical Nurses

  Identify the ted talk that you chose and the speaker

Identify the TED talk that you chose and the speaker. Explain how the speaker gained the attention of the audience (attention grabber). Identify the target audience of this presentation.

  What are the advantages and disadvantages of integration

What are the advantages and disadvantages of integration? Select two points touching upon the advantages and two points touching upon the disadvantages of integration.

  Two peers on their legacy statements

Share your legacy statement with your peers and add a short discussion on what you learned through the development of the portfolio process. Respond to at least two peers on their legacy statements.

  What is meant by globalization

What is meant by Globalization? Explain the impact of globalization on Saudi economy, its advantages and disadvantages.

  Running and managing a business

Why are information systems so essential for running and managing a business today? List and describe six reasons why information systems are so important for business today.

  High degree of trust-commitment

I was in an organization that had a high degree of trust, commitment, and effort in stilled into everyone that worked there.  I was in the United States Marine Crops where every Marine is instill with a core set of values to fallow while doing the..

  Describe an element of organizational culture

Describe an element of organizational culture - either from your current place of employment, a previous place of employment, or from an organization with which you are familiar.

  International accounting standards board

Describe International Accounting Standards Board (IASB) as well as giving an overview of its existance

  Organizational structures and design

Identify whether the company has been successful or unsuccessful and explain how the company used its structure and design to achieve its business objectives.

  Describe the ongoing maintenance that will be required

Be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

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