Answered step by step
Verified Expert Solution
Question
1 Approved Answer
23. A company manufactures three products: A, B, and C. The company currently has an order for 3 units of product A, 7 units
23. A company manufactures three products: A, B, and C. The company currently has an order for 3 units of product A, 7 units of product B, and 4 units of product 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 Cost of Producing a Unit of Product 1 2 A B $13 $11 $ 9 $10 $12 $ 8 The time required to produce each product on each machine is summarized in the following table: Time (Hours) Needed to Produce a Unit of Product Machine A B 1 0.4 1.1 0.9 2 0.5 1.2 1.3 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 pro- duce 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: Setup Costs for Producing Machine A B 1 $55 $93 $60 2 $65 $58 $75 a. Formulate an ILP model to determine how many units of each product to pro- duce on each machine in order to meet demand at a minimum cost. b. Implement your model in a spreadsheet and solve it. c. What is the optimal solution?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started