Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A linear programming computer package is needed. Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity, and no
A linear programming computer package is needed.
Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity, and no one supplier can meet all the company's needs. In addition, the suppliers charge different prices for the components. Component price data in price per unit ?are as follows.
Component Supplier
?$ ?$ ?$
?$ ?$ ?$
Each supplier has a limited capacity in terms of the total number of components it can supply. However, as long as Edwards provides sufficient advance orders, each supplier can devote its capacity to component ?component ?or any combination of the two components, if the total number of units ordered is within its capacity. Supplier capacities are as follows.
Supplier
Capacity
If the Edwards production plan for the next period includes ?units of component ?and ?units of component ?what purchases do you recommend? That is ?how many units of each component should be ordered from each supplier?
Component ?Supplier ?
?units
Component ?Supplier ?
?units
Component ?Supplier ?
?units
Component ?Supplier ?
?units
Component ?Supplier ?
?units
Component ?Supplier ?
?units
What is the total purchase cost in $ ?for the components?
$
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