Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacturer produces three different products at their plan (Dress shoe, Jacket, and Hand shoe). Production of each product requires three different kinds of

    

A manufacturer produces three different products at their plan (Dress shoe, Jacket, and Hand shoe). Production of each product requires three different kinds of resources. The per-unit profit, per-unit raw leather usage, per-unit labor usage, per-unit machine time usage, and minimal monthly demand are given in the following table: A B C 1 Product Dress shoe Jacket Hand shoe 2 Units made 3 Profit/unit 14,00 20,00 4,00 4 Leather/unit (m2) 0,09 1,50 0,04 5 Labor usage/ unit (hour) 1,80 2,00 1,50 6 Machine time usage/ unit (hour) 0,30 0,80 0,25 7 Minimal monthly demand (unit) 300 25 1500 This month, 1400 m2 of leather, 3000 hours of labor,and 1000 hours of machine time are available. How can this manufacturer maximize its monthly profit? Question 23: (20 Points) Specify an actual DSS (using IPO model) that helps solve the given optimization problem. Question 24: (20 Points) Has solver found an integer solution? If yes, what is the optimal product mix? Could solver find any feasible solution, if 1400 m2 of leather, 3000 hours of labor, and only 300 hours of machine time are available. If not, explain why.

Step by Step Solution

3.36 Rating (165 Votes )

There are 3 Steps involved in it

Step: 1

Q23 1 2 3 A Units made Profitunit Leatherunit Laborunit Machine timeunit Min Dem... 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

Accounting for Decision Making and Control

Authors: Jerold Zimmerman

8th edition

78025745, 978-0078025747

More Books

Students also viewed these Accounting questions

Question

Box

Answered: 1 week ago