Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you solve this question in lindo program? need code form in program (lingo software) PRODUCTION MIX with LINGO The Philbrick Company has two plants

image text in transcribed

can you solve this question in lindo program? need code form in program (lingo software)

PRODUCTION MIX with LINGO The Philbrick Company has two plants on opposite sides of the United States. Each of these plants produces the same two products and then sells them to wholesalers within its half of the country. The orders from wholesalers have already been received for the next 2 months (February and March). where the number of units requested are shown below. (The company is not obligated to completely fill these orders but will do so if it can without decreasing its profits.) Plant 1 Plant 2 ProductFebruary March February March 3,600 4,500 6,300 5,400 4,900 5,100 4,200 6,000 Each plant has 20 production days available in February and 23 production days available in March to produce and ship these products. Inventories are depleted at the end of January, but each plant has enough inventory capacity to hold 1,000 units total of the two products if an excess amount is produced in February for sale in March. In either plant, the cost of holding inventory in this way is S3 per unit of product I and $4 per unit of product 2. Each plant has the same two production processes, each of which can be used to produce either of the two products. The production cost per unit produced of each product is shown below for each process in each plant Plant 1 Plant 2 Product Process 1 Process 2 Process 1 Process 2 $62 $78 $59 $85 $61 $89 $65 $86 The production rate for each product (number of units produced per day devoted to that product) also is given below for each process in each plant. Plant 1 Plant 2 Product Process Process 2 Process 1 Process 2 140 150 130 160 110 130 120 The net sales revenue (selling price minus normal shipping costs) the company receives when a plant sells the products to its own customers (the wholesalers in its half of the country) is S83 per unit of productI and S112 per unit of product 2. However it also is possible (and occasionally desirable) for a plant to make a shipment to the other half of the country to help fill the sales of the other plant When this happens, an extra shipping cost of S9 per unit of product1 and S7 per unit of product 2 is incurred Management now needs to determine how much of each product should be produced by each production process in each plant during each month, as well as how much each plant should sell of each product in each month and how much each plant should ship of each product in each month to the other plant's customers. The objective is to determine which feasible plan would maximize t tal profit (total net sales revenue minus the sum of the production costs, inventory costs, and extra shipping costs) a) Using the model obtained in part a and details given in the case study, please fix the highlighted parts of the following LINGO program so that is produces optimum objective function value of $333680 b) final

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_2

Step: 3

blur-text-image_3

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

Fundamentals Of Database Management Systems

Authors: Mark L. Gillenson

2nd Edition

0470624701, 978-0470624708

More Books

Students also viewed these Databases questions

Question

How was risk incorporated into the MRI project decision process?

Answered: 1 week ago

Question

What is the message frequency?

Answered: 1 week ago