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A manufacturing company, called Vista, produces three products A , B , and C . The labour and material resources required to produce them are
A manufacturing company, called Vista, produces three products A B and C The labour and
material resources required to produce them are shown in Table For example, producing
kg of product A requires units of labour and unit of material. The company has units
of labour and units of material available daily. According to market demand, the company
stipulates the maximum and minimum daily production volume of each product as shown in
Table Eg for product A the company needs to produce between kg and kg per day.
Product A is the companys main product, so the company emphasises that in terms of daily
production volume, product A must account for at least of all products.
The company wants to maximise its profit. Profits for products B and C are $kg and $kg
respectively. Product A is sensitive to an uncontrollable environmental factor which has two
possible states, ie S and S Product As profit in those two possible states is $kg and
$kg respectively.
Table Labour and material requirements
Units of resources required per kg of product
Product Labour Material
A
B
C
Table Daily production limits
Product Maximum kg Minimum kg
A
B
C
By analysing historical data, you find that both states of the environmental factor are
equally likely to occur. Determine the production plan that maximises the expected
value EV of total daily profit, by formulating a linear programming LP problem and
solving it using Excel Solver. For the Excel Solver part, please paste here one
screenshot: the problem worksheet just before clicking the Solver command. That is
after developing the Excel Solver model, press Ctrl ~ tilde to show formulas in
cells, and then take a screenshot with row and column headings.
Please limit the answer to within one page.
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