A worldwide shortage of microchips has prompted an entrepreneur to open a microchip assembly plant. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A worldwide shortage of microchips has prompted an entrepreneur to open a microchip assembly plant. The plant will produce two kinds of microchips, called M1 and M2. The operations at the plant have been algebraically modeled as follows: the number of M1 chips made each week X= the number of M2 chips made each week - - maximize 25X + 75X subject to assembly-line 1 5X, A assembly-line 2 12X, + assembly-line 3 8X + total production X + X production of M1 chips production of M2 chips proportion non-negativity 0.8X X 10X 8X 14X X X 0.2X2 X > 102000 105000 136000 12000 3000 7500 0 0 In both parts (a) and (b) include your name and student number in the model (for LINGO, begin a line or set of comment lines with an exclamation mark). Also, everything in the algebraic model must appear in the computer models. NOTE: Do this also for all computer models in future assignments. (a) Solve the model using LINGO. Copy-and-paste both the model and the solution report into the single Word or pdf document. (b) Solve this model using the Excel Solver. Copy-and-paste both the model and the answer report into the single Word or pdf document. (c) Write the solution in words as would be given to the manager of the microchip making facility. If management doesn't have the time to monitor all things at the microchip assembly plant, on which of the constraints should they concen- trate their efforts? A worldwide shortage of microchips has prompted an entrepreneur to open a microchip assembly plant. The plant will produce two kinds of microchips, called M1 and M2. The operations at the plant have been algebraically modeled as follows: the number of M1 chips made each week X= the number of M2 chips made each week - - maximize 25X + 75X subject to assembly-line 1 5X, A assembly-line 2 12X, + assembly-line 3 8X + total production X + X production of M1 chips production of M2 chips proportion non-negativity 0.8X X 10X 8X 14X X X 0.2X2 X > 102000 105000 136000 12000 3000 7500 0 0 In both parts (a) and (b) include your name and student number in the model (for LINGO, begin a line or set of comment lines with an exclamation mark). Also, everything in the algebraic model must appear in the computer models. NOTE: Do this also for all computer models in future assignments. (a) Solve the model using LINGO. Copy-and-paste both the model and the solution report into the single Word or pdf document. (b) Solve this model using the Excel Solver. Copy-and-paste both the model and the answer report into the single Word or pdf document. (c) Write the solution in words as would be given to the manager of the microchip making facility. If management doesn't have the time to monitor all things at the microchip assembly plant, on which of the constraints should they concen- trate their efforts?
Expert Answer:
Answer rating: 100% (QA)
The problem involves maximizing the profit from producing two types of microchips M1 and M2 subject ... View the full answer
Related Book For
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
Posted Date:
Students also viewed these mathematics questions
-
Maximize f = 10x + 15y subject to - 5x + y 24 2x - 3y 9 Use the simplex method to maximize each function (whenever possible) subject to the given constraints. If there is no solution, indicate...
-
Solve each quadratic equation. a. 2x2 - 5x - 3 = 0 b. x2 + 4x - 4 = 0 c. x2 + 4x + 1 = 0
-
Two masses m1 = 18.0 kg and m2 = 26.5-kg, are connected by a rope that hangs over a pulley (as in Fig. 8047). The pulley is a uniform cylinder of radius .260m and mass 7.50 kg. Initially m1 is on the...
-
In Exercises approximate the definite integral using the Trapezoidal Rule and Simpson's Rule with n = 4. Compare these results with the approximation of the integral using a graphing utility. 3.1 J3...
-
A bolt located 2 in from the center of an automobile wheel is tightened by applying the couple shown for 0.10s, assuming that the wheel is free to rotate and is initially at rest determine the...
-
Did either allele A or a disappear from the population you studied? Why or why not?
-
Alpha AG is wholly owned by Mr Alpha and Beta AG is wholly owned by Mr Beta. The key figures for the two companies are as follows: Alpha acquires Beta. Calculate the shareholdings (as a percentage)...
-
Jen suspects that Brad is having an affair with Angie, and wants to divorce him. Her prenuptial agreement specifies that if she files for divorce, she receives $60,000, but that her award will double...
-
In estimating 3 L 1 cos(4x)dz using Trapezoidal and Simpson's rule with n = 8, we can estimate the error involved in the approximation using the Error Bound formulas. For Trapezoidal rule, the error...
-
Ellipses Corp is a small business that operates in Herndon, VA. The company is located at10 Period Lane, Herndon, VA 20170. Its federal Employer Identification Number is 77-7777777, and its...
-
YRT manufactures a large range of wide-screen televisions. The finance department has recently requested your help with the implementation of an activity-based costing system for overhead...
-
If the 10-year Treasury bond rate is 5.4%, the inflation premium is 2.5%, and the maturity-risk premium on 10-year Treasury bonds is 0.2%, assuming that there is no liquidity-risk premium on these...
-
Stress management programs designed to help employees understand organizational stress and develop ways to cope with it are an example of which type of people-oriented change technique? Give answer...
-
Soriano Company is preparing its master budget for 2 0 2 2 . Relevant data pertaining to its sales, production, and direct materials budgets are as follows:Sales: Sales for the year are expected to...
-
Describe one campaign component of your Marketing Project. Marketing campaign components include but are not limited to advertising in different media (television, radio, print, etc.) digital...
-
Matheson Electronics has just developed a new electronic device that it believes will have broad market appeal. The company has performed marketing and cost studies that revealed the following...
-
[With Explanation] Which one of the following is not one of the requirements implemented by the Principles of Responsible Investment (PRI) in 2018? A.) Investment policy that covers the firm's...
-
Using Gauss-Jordan elimination, invert this matrix ONLY 0 0 0 0 1
-
Filenes Basement, a Boston-based department store, has a policy of marking down the price of sale items each week that they go unsold. You covet an expensive brand of winter coat that is on sale for...
-
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D...
-
As the name suggests, a lagging indicator is an economic variable whose movements occur after movements in the overall economy. a. A number of employment measures are lagging indicators. Consider the...
-
How can a buyer be protected against any hidden liabilities and debts that the target may have?
-
What is the purpose of representations and warranties? What are the limits of such clauses?
-
What is the logical result of a successful hostile buy-up of shares on the market?
Study smarter with the SolutionInn App