Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

$200 per unit for model DRB and $280 per unit for model DRW. The linear programming model for this problem is as follows: Max200DRB+280DRWs.t.20DRB+25DRW36,000Steelavailable40DRB+100DRW120,000Manufacturingminutes60DRB+40DRW102,000AssemblyminutesDRB,DRW0 The

image text in transcribedimage text in transcribed $200 per unit for model DRB and $280 per unit for model DRW. The linear programming model for this problem is as follows: Max200DRB+280DRWs.t.20DRB+25DRW36,000Steelavailable40DRB+100DRW120,000Manufacturingminutes60DRB+40DRW102,000AssemblyminutesDRB,DRW0 The computer solution is shown below. OntimalObiectiveValue=388800.00000 ible zase 1000 1143 1000 (a) What is the optimal solution and the total profit contribution (in \$)? DRB DRW total profit contribution $ Yes, the dual value for steel available is 8.8 . Each pound of steel will increase profits more than the $2 per pound that the supplier is offering. Yes, there is no surplus of steel so any additional steel that becomes available should be purchased. No, the dual value for steel available is 0.6 . Each pound of steel will not increase profits enough to justify the $2 per pound that the supplier is offering. No, there is a slack value of 6,273 , so additional pounds of steel will not increase profits. No, the allowable increase for steel is only 24 pounds, so the additional profits are not applicable for 500 pounds. (c) Deegan is considering using overtime to increase the available assembly time. What would you advise Deegan to do regarding this option? Explain. Constraint has a slack. Increasing the number of hours of assembly time will profits. optimal solution? Explain. The objective coefficient range for model DRB shows a lower limit of \$ . Thus, the optimal solution change and the new value will be $ (e) If the available manufacturing time is increased by 500 hours, will the dual value for the manufacturing time constraint change? Explain. The allowable increase is minutes, so the dual value for this constraint ---Select--- change

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

Crypto Finance Law And Regulation

Authors: Joseph Lee

1st Edition

0367086611, 978-0367086619

More Books

Students also viewed these Finance questions