Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: labor and redwood. A linear program has been formulated to solve the problem of how many benches (defined as x1) and how many picnic tables (defined as x2) to produce in the next production cycle so as to obtain the largest possible profit. The printout below shows the optimal solution and sensitivity reports for this LP obtained from Excel/Solver.
Use the information from these printouts to answer questions below. Be sure to explain/justify your answers to receive full credit.
a). How many benches and how many picnic tables should be produced to maximize profit? What is the maximum profit? Explain/justify your response.
Note: Consider the changes indicated in parts b, c, and d independently.
b). Suppose that it is possible to increase the amount of labor available by 150 hours. By how much would this increase the total profit? Explain/justify your response.
c). If the profit for a bench increases to $10 per unit, what will the optimal value of x1 and x2 be? What will the objective function value be? Explain/justify your response.
d). The production manager has just learned that the supply of redwood is only 2400 feet for the next production cycle, due to some quality problems. What is the effect of this change? What will the new optimal solution and objective function value be? Explain/justify your response.
How do you react to conflict? Do you have a typical style as a leader when dealing with a conflict situation? Complete the Conflict Style Questionnaire. What do the results of the
After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine
Superior expertise about how technologies work does not guarantee superior judgment about how they should be used, regulated, or governed. As technology becomes more sophisticated,
What are the demand management strategies? Demand management strategies: It is aims to affect customer demand levels at exact times, so as to match demand closer to the o
The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 31 percent of its business on Friday night, 26 percent on Saturday night
What is operations strategy? Operations strategy: According to Slack and Lewis the definition operations strategy: The total pattern of decisions that shape the long
The marketing objective for a product in the _____ stage of the product life cycle is to create consumer awareness and gain trial. introduction growth maturity decline
• ABC Ltd. is in the business of manufacturing one type of valves for last 3 years. • Their sales have grown from 10,000 to about 50,000 valves per month. • Now they are planning t
Explain Fixed Cost. Fixed Cost: Cost may be described as the amount of expenditure incurred on, or attributable to a specified thing. Fixed costs are those costs that tend t
Please give me the references as well or I won't' complete the rating. Thank you. E-commerce is the trend that most companies are going toward now a days. You are to select one
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd