Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 1234 2 5 6 7 8 9 10 11 12 13 14 15 16 17 Machine 18 1 19 2 20 21 22

1 1234 2 5 6 7 8 9 10 11 12 13 14 15 16 17 Machine 18 1 19 2 20 21 22 A 23 24 25 Machine 1 2 Produced NeededA company manufactures three products: A, B, and C. The company currently has an order of 3 units of A, 7

1 1234 2 5 6 7 8 9 10 11 12 13 14 15 16 17 Machine 18 1 19 2 20 21 22 A 23 24 25 Machine 1 2 Produced Needed Machine 1 2 Machine 1 2 B 3 Units Run of Each Machine A B C 7 A 0.4 0.5 D Manufacturing Plan Run Time per Unit B 1.1 1.2 Setups on Each Machine A B C 4 C 0.9 1.3 Linking Constraints A B E F A $55 $65 LL Unit Production Costs A B $12 $11 $9 $13 Setup Costs B $93 $58 G Used Available 8 6 $10 $8 $60 $75 H 1 Production Cost: Setup Cost: Total Cost: J $0 $0 K A company manufactures three products: A, B, and C. The company currently has an order of 3 units of A, 7 units of B, and 4 units of C. There is no inventory for any of these products. All three products require special processing that can be done on one of two machines. The cost of producing each product on each machine is summarized in the following table: Machine A B 1 2 1 2 $12 $11 Machine 1 2 Homework 8 The time required to produce each product on each machine is summarized in the following table: Machine A 0.4 0.5 $9 $13 A $55 $65 B 1.1 1.2 Assume machine 1 can be used for eight hours and machine 2 can be used for six hours. Each machine must undergo a special setup operation to prepare it to produce each product. After completing this setup for a product, any number of that product type can be produced. The setup costs for producing each product on each machine are summarized in the following table: $10 $8 B $93 $58 a. Formulate an ILP model for this problem. (30 points) b. Implement your model in Excel and solve it. (50 points) c. What is the optimal solution? (20 points) C 0.9 1.3 C $60 $75

Step by Step Solution

3.42 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

The given problem is an optimization problem that can be addressed by formulating an Integer Linear Programming ILP model with the objective of minimi... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction to the Mathematics of financial Derivatives

Authors: Salih N. Neftci

2nd Edition

978-0125153928, 9780080478647, 125153929, 978-0123846822

More Books

Students also viewed these Mathematics questions

Question

Describe the criteria for an effective budget.

Answered: 1 week ago