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1. (45B 1) In the TOYCO model, suppose the fourth operation has the following specifications: The maximum production rate based on 480 minutes a day

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1. (45B 1) In the TOYCO model, suppose the fourth operation has the following specifications: The maximum production rate based on 480 minutes a day is either 120 units of product 1, 480 units of product 2, or 240 units of product 3. Determine the optimal solution, assuming that the daily capacity is limited to a) 570 minutes. b)548 minutes. 2. (45D 2) In the TOYCO model, suppose that the company can reduce the unit times on operations 1, 2, and 3 for toy trains from the current levels of 1, 3, and 1 minutes to .5, 1, and .5 minutes, respectively. The revenue per unit remains unchanged at $3. Determine the new optimum solution. 3. (45D 3) In the TOYCO model, suppose that a new toy (fire engine) requires 3, 2, 4 minutes, respectively, on operations 1, 2, and 3. Determine the optimal solution when the revenue per unit is given by a) $5. b) $10

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