Manufacturer prepare in order to maximize his sales revenue

Assignment Help Operation Management
Reference no: EM132156637

Solve the following LP problems using the Solver in MS Excel.

1. A candy manufacturer has 130 pounds of chocolate-covered cherries and 170 pounds of chocolate-covered mints in stock. He decides to sell them in the form of two different mixtures. One mixture will contain half cherries and half mints by weight and will sell for $2.00 per pound. The other mixture will contain one-third cherries and two-thirds mints by weight and will sell for $1.25 per pound. How many pounds of each mixture should the candy manufacturer prepare in order to maximize his sales revenue?

2. A company which manufactures canoes employs 120 employees, each of whom working 30 hours per week. Half of them work in the carpenter department, 20 persons in the plastics department, and the rest of them at the completion department. The company manufactures the simple canoes with net unit profit € 7 and the luxury canoes with corresponding profit € 10. A simple canoe requires 4.5 hours in the carpenter department and two hours in each of the other two departments. The working hours for each luxury canoe are 5, 1 and 4 at the carpenter department, plastics department and completion department respectively. Marketing calculations have shown that not less than 1/3 and not more than 2/3 of the total number of the canoes should be luxurious. How will the company maximize its overall net profit?

3. A municipality has two incinerators for burning trash . Incinerator A costs $3 .80 per ton of trash to operate, and has a capacity of 28 tons per day . Incinerator B costs $4 .25 per ton to operate, and has a capacity of 30 tons per day . The municipality produces over 100 tons of trash per day, and all trash not burned in the incinerators must be buried in a land fill at a cost of $5 .00 per ton . The city manager wants to minimize costs by burning as much trash as possible . However, the city must conform to environmental regulations limiting production of pollutants from burning in the incinerators to 180 pounds of hydrocarbons and 640 pounds of particulates a day . Incinerator A produces 3 pounds of hydrocarbons and 20 pounds of particulates for every ton of trash burned, and incinerator B produces 5 pounds of hydrocarbons and 10 pounds of particulates for every ton of trash . Determine the optimum amount of trash to burn in each incinerator.

4. A farmer wants to customize his fertilizer for his current crop. He can buy plant food mix A and plant food mix B. Each cubic yard of food A contains 20 pounds of phosphoric acid, 30 pounds of nitrogen and 5 pounds of potash. Each cubic yard of food B contains 10 pounds of phosphoric acid, 30 pounds of nitrogen and 10 pounds of potash. He requires a minimum of 460 pounds of phosphoric acid, 960 pounds of nitrogen and 220 pounds of potash. If food A costs $30 per cubic yard and food B costs $35 per cubic yard, how many cubic yards of each food should the farmer blend to meet the minimum chemical requirements at a minimal cost? What is this cost?

5. A dietician wishes to mix two types of foods in such a way that vitamin contents of the mixture contain atleast 8 units of vitamin A and 10 units of vitamin C. Food ‘I’ contains 2 units/kg of vitamin A and 1 unit/kg of vitamin C. Food ‘II’ contains 1 unit/kg of vitamin A and 2 units/kg of vitamin C. It costs Rs 50 per kg to purchase Food ‘I’ and Rs 70 per kg to purchase Food ‘II’. Formulate this problem as a linear programming problem to minimise the cost of such a mixture.

Reference no: EM132156637

Questions Cloud

What type of analytics seeks to recognize : What type of analytics seeks to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible?
Discuss one technical and one human safeguard : There are several processes that can be used to develop IS and applications such as systems development life cycle (SDLC) and scrum (agile development).
What are some of the types of bias : What are some of the types of bias, and how might bias distort data reporting?
Understanding of the stages of team development : How can you use an understanding of the stages of team development to improve your team's effectiveness?
Manufacturer prepare in order to maximize his sales revenue : How many pounds of each mixture should the candy manufacturer prepare in order to maximize his sales revenue?
Describe the user interface requirements that game designer : Outline and describe the user interface requirements that a game designer needs to include in order to engage players in a MMORPG environment.
Served as catalyst for important social or political change : Identify and discuss two recent examples in which sport has served as a catalyst for important social or political change.
Briefly explain why the topic interests you : Write the thesis statement you have chosen and find one article opposed to it. List the title and the source (the name of the website) and the URL.
Mortgage-backed security : Collateralize d Debt Obligation - Significant widening of the bid-ask spreads in the brokered markets in which the CDO securities trade

Reviews

Write a Review

Operation Management Questions & Answers

  Inventory dollars worth of hdmi wires inventory

How many inventory dollars worth of HDMI wires inventory does Best Buy sell per day?

  How could the understanding of that issue be increased

How could the understanding of that issue (and respect for that issue) be increased for someone from that cluster?

  Seed mixture contains three types of seeds

Top grade Turf lawn seed mixture contains three types of seeds: bluegrass, rye, and Bermuda. The cost per pound of the three types of seed are 11 cents, 14 cents, and 6 cents, respectively. In each batch there must be at least 20% bluegrass seed, and..

  Differences between management and leadership

Suppose you realize one day that you are dissatisfied with your job. What might you do to improve your situation? What are the basic differences between management and leadership?

  Explain the ethical issues surrounding the decision

Explain the ethical issues surrounding the decision of whether to market the product in developing nations.

  Should peck allow gap brands to be sold on amazon

What do you predict will happen to Gap sales and brand equity because of the creative team change?Should Peck allow Gap brands to be sold on Amazon?

  What sort of approach would you use for an agile project

What sort of approach would you use for an Agile project if your client wasn't willing or able to participate? What are the strengths and/or weaknesses of your choice?

  Multinational business firm has hired you to write analysis

Directions: Imagine that a multinational business firm has hired you to write an analysis. The company is making plans to move some of its operations into a developing nation. Make recommendations on whether the company should be held to the environm..

  Monthly demand for a product

Monthly demand for a product has been as follows in the last 2 months. July 60 units August 56 units What is the forecast for September using exponential smoothing with alpha = 0.4 if the forecast for July was 70 units?

  Banned abbreviations are followed all of the time

What process(s) are in place to ensure that methods like banned abbreviations are followed all of the time?

  Part of a proactive risk management program

Discuss the role of the nursing staff as part of a proactive risk management program in a healthcare organization

  Which of following are fixed-order quantity inventory models

Which of the following are fixed-order quantity inventory 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