Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Comfortable Hands is a company that features a product line of winter gloves for the entire family--men, women, and children. They are trying to decide

Comfortable Hands is a company that features a product line of winter gloves for the entire family--men, women, and children. They are trying to decide what mix of these three types of gloves to produce.

Comfortable Hands's manufacturing labor force is unionized. Each full-time employee works a 40-hour week. In addition, by union contract, the number of full-time employees can never drop below 20. Nonunion, part-time workers also can be hired with the following union-imposed restrictions: (1) each part-time worker works 20 hours per week and (2) there must be at least two full-time employees for each part-time employee.

All three types of gloves are made out of the same 100 percent genuine cowhide leather. Comfortable Hands has a long-term contract with a supplier of the leather and receives a 5,000-square-foot shipment of the material each week. The material requirements and labor requirements, along with the gross profit per glove sold (not considering labor costs), are given in the following table.

Glove material req (square feet ) labor req gross profit

men's 2 30 $8

womens 1.5 45 10

childrens 1 40 6

each full- time employee earns 13$ per hour, while each part time employee earns $10 per hour. management wishes to know what mix of each of the three types of gloves to produce per week, as well as how many full time and part time workers to employ ,they would like to maximize their net profit - their gross profit sales minus their labor costs.

a. formulate and solve a linear programming model for this problem on a spreadsheet

could you please explain in excel sheet

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

Handbook On Second Lien Loans & Intercreditor Agreements

Authors: Mark N. Berman, Jo Ann J. Brighton

1st Edition

0981865593, 978-0981865591

More Books

Students also viewed these Finance questions

Question

b. Where did they come from?

Answered: 1 week ago

Question

c. What were the reasons for their move? Did they come voluntarily?

Answered: 1 week ago

Question

5. How do economic situations affect intergroup relations?

Answered: 1 week ago