Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A linear programming computer package is needed. Frandec Company manufactures, assembles, and rebuilds material-handling equipment used in warehouses and distribution centers. One product, called a

A linear programming computer package is needed.
Frandec Company manufactures, assembles, and rebuilds material-handling equipment used in warehouses and distribution centers. One product, called a Liftmaster, is assembled from four components: a frame, a motor, two supports, and a metal strap. Frandec's production schedule calls for 5,500 Liftmasters to be made next month. Frandec purchases the motors from an outside supplier, but the frames, supports, and straps may be either manufactured by the company or purchased from an outside supplier. Manufacturing and purchase costs per unit are shown.
Component Manufacturing Cost Purchase Cost
Frame $39.00 $52.00
Support $12.50 $16.00
Strap $7.50 $8.50
Three departments are involved in the production of these components. The time (in minutes per unit) required to process each component in each department and the available capacity (in hours) for the three departments are as follows.
Component Department
Cutting Milling Shaping
Frame 3.5 2.2 3.1
Support 1.3 1.7 2.6
Strap 0.8 1.7
Capacity (hours) 350 420 680
(a)
Formulate and solve a linear programming model for this make-or-buy application. (Let FM = number of frames manufactured, FP = number of frames purchased, SM = number of supports manufactured, SP = number of supports purchased, TM = number of straps manufactured, and TP = number of straps purchased. Express time in minutes per unit.)
Min
Cutting constraint
Milling constraint
Shaping constraint
Frame constraint
Support constraint
Strap constraint
FM, FP, SM, SP, TM, TP 0
How many of each component should be manufactured and how many should be purchased? (Round your answers to the nearest whole number.)
(FM, FP, SM, SP, TM, TP) =
(b)
What is the total cost (in $) of the manufacturing and purchasing plan?
$
(c)
How many hours of production time are used in each department? (Round your answers to two decimal places.)
Cutting hrs Milling hrsShaping hrs
(d)
How much (in $) should Frandec be willing to pay for an additional hour of time in the shaping department?
$
(e)
Another manufacturer has offered to sell frames to Frandec for $45 each. Could Frandec improve its position by pursuing this opportunity? Why or why not? (Round your answer to three decimal places.)
---Select--- Yes No . The reduced cost of indicates that the solution ---Select--- can cannot be improved.
image text in transcribed
image text in transcribed
image text in transcribed
A annar srogramming computer paciage a nendec. purchased fism an outude nuppice. Manuracturng and purchape costs per unt are shewn. \begin{tabular}{|l|c|c|} \hline Compenent & Manufactaring cost & Purchase Ceat \\ \hline Frame & 129.60 & 152.00 \\ \hline Suppert & 112:50 & 116.00 \\ \hline Strap. & 37.60 & 13.30 \\ \hline \end{tabular} Min Mining constraine shaping constraing frame contrent Suppert constraint Atap conitarairt FH4FP4SH55F2JM4IP=0 (FN1+Pp,EA,SP,TH,T)=( FF1,F,SM,SP,TN,TP>0 How mavy of etch compenent should be manufactured and how many should be purchased? (Hound your ansmers to the nearest whole numbee). (FN,PP,SM,SP,TM,TP)=( (b) What is the tetal cost (iat s) of the manufacturing and purchasing ptan? (c) How mev hours of production time are used in esch department? (Found your afiswers to two decimal placei.) \begin{tabular}{l|l} Cucting & hres \\ Miting & hrs \\ shaping & hrs \end{tabular} (c) How much fin s) should Frandes be witing to pwy for as additional kour of time in the shaping department? . The reduced cost of indicates that the solutic be impreved

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

Operations Management Processes and Supply Chains

Authors: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman

12th edition

134741064, 9780273766834, 027376683X, 9780273766940, 273766945, 9780273766841, 273766848, 978-0134741062

More Books

Students also viewed these General Management questions

Question

Organizational Perspectives and Theories

Answered: 1 week ago