Explain formulate and solve a linear optimization model, Operation Management

Assignment Help:

Klein Industries manufactures three air compressors: small, medium, and large, which have unit profits of $20.50, $34, and $42 respectively. The monthly projected sales of small are a minimum of 14,000 and a maximum of 21,000. Projected sales for medium is projected to be at least 6200 with a maximum of 12500. And large is projected to have a minimum of 2600 and a max of 4200. Production is complete in three steps time is given per minute. Bending and forming; small 0.4+ medium 0.7 + large 0.8 is less than or equal to 23,400 minutes. Welding; small 0.6 + medium 1 + large 1.2 is less than or equal to 23,400 minutes. Painting; small 1.4 + medium 2.6 + large 3.1 is less than or equal to 46,800 minutes. Formulate and solve a linear optimization model using the auxiliary variable cells method and write a short memo to the production manager explaining the sensitivity information.


Related Discussions:- Explain formulate and solve a linear optimization model

Sequencing., minimise the operation procedure

minimise the operation procedure

Explain facilitating goods packaging cost, One of the package of features t...

One of the package of features that make up a service are: Appearance Facilitating goods Packaging Cost Implied use

Explain what is the economic order quality, Quick cheif cookers sell at an ...

Quick cheif cookers sell at an average [ace of 12500 per month. Each cooker costs the company $100. The annual carrying cost for each cooker is 10%. Each Each order that is place

Explain level of competitive intensity in an industry, According to Porter,...

According to Porter, what determines the level of competitive intensity in an industry?

Explain emotional intelligence a key factor to success, Emotional intellige...

Emotional intelligence; a key factor to success I want a 20 question survey for this topic, based on these 5 factors self-awareness, self-regulation, motivation, empathy, and socia

Process design, Process Design New product is not realities unit they...

Process Design New product is not realities unit they are manufactured. Process design is necessary to manufacture new products. Process design is concerned with the overall

Explain oriental express restaurant concept, Owner Kay Fay is considering f...

Owner Kay Fay is considering franchising her Oriental Express restaurant concept. She believes people will pay $5.50 for a large bowl of noodles. Variable costs are $2.75 a bowl. F

Explain what are the most important criteria, In selecting outside advisors...

In selecting outside advisors, a board, consultants, and the like, what are the most important criteria?

Explain great discrepancy in service levels, After graduation, you decide t...

After graduation, you decide to go into a partnership in an office supply store that has existed for a number of years. Walking through through the store and stockrooms, you fin

Write Your Message!

Captcha
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