Explain the decision variables for this problem, Operation Management

Assignment Help:

Problem 4: Comp-Max Computers assembles computers and computer equipment. It is about to start production of three new types of computers, called model A, B, and C, respectively. Each type will require assembly time, inspection time, and storage space. The availability of each of these resources is limited. Specifically, available assembly time is 200 hours, available inspection time is 44 hours, and available storage space is 78 cubic feet (about 2.2 m3). The amount of each resource required for the different products is reported in the table below. Model A earns a profit of $80 per unit, model B earns a profit of $60 per unit, and model C earns a profit of $45 per unit. Due to some prior agreements with customers, Comp-Max must produce at least 5 model A computers. In addition, management requires that the fraction of total production made up of model C computers must not exceed 25%.

Formulate a linear program (LP) that will help the manager determine the quantity of each model to produce in order to maximize profit.

a). Define the decision variables for this problem.

b). Write out the objective function for this problem in terms of the decision variables defined above.

c). Write out any constraints necessary for this problem in terms of the decision variables defined above


Related Discussions:- Explain the decision variables for this problem

Explain how od interventions need to be adapted, Describe how OD interventi...

Describe how OD interventions need to be adapted to fit different cultural contexts.

Explain what is meant by uniformly distributed, What is meant when a variab...

What is meant when a variable, like the possible selling prices for a new item like a mouse pad, is said to be uniformly distributed?

Explain why do rbocs encounter more competition, Why do RBOCs encounter mor...

Why do RBOCs encounter more competition in urban areas than in rural areas? (Regional Bell Operating Companies) a. because RBOCs are more entrenched in urgan areas b. because

Explain largest category of households, By 2015, projections indicate that ...

By 2015, projections indicate that the largest category of households will be composed of a. childless married couples and empty nesters b. singles living with non

What are disadvantages of the demand management strategies, What are the di...

What are the disadvantages of the demand management strategies? The disadvantages of the demand management strategies are as illustrated here: a. Not at all times effective

Explain economic crisis, Assume that you own a very upscale restaurant (thi...

Assume that you own a very upscale restaurant (think shearwater at the hotel Del Coronado or the grant grill at the us grant hotel). Business has fallen off greatly at your restaur

What are programmed decisions, What are programmed decisions? Decisions...

What are programmed decisions? Decisions made in accordance with several habit, rule or procedure are termed as Programmed Decisions.

Factor rating method, East Coast Manufacturing, Inc. plans to locate a new ...

East Coast Manufacturing, Inc. plans to locate a new production facility in Hartford, Philadelphia, or Baltimore.  Six location factors are important:  cost per product unit, labor

Productivity challenge in organisations, Productivity Challenge in Organisa...

Productivity Challenge in Organisations Productivity is the ratio of outputs (goods and services) divided by the inputs (resources: labour, capital and services). It is one of

Explain functionalities of pharmacy information systems, Pharmacy Systems" ...

Pharmacy Systems" Please respond to the following: •Analyze the various functionalities of pharmacy information systems that can aid in the reduction of medication errors and make

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