Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Heller Manufacturing has two production facilities that manufacture baseball gloves. Production costs at the two facilities differ because of varying labor rates, local property taxes,

Heller Manufacturing has two production facilities that manufacture baseball gloves. Production costs at the two facilities differ because of
varying labor rates, local property taxes, type of equipment, capacity, and so on. The Dayton plant has weekly costs that can be expressed as
a function of the number of gloves produced
TCD(x)=x2-x+7
where x is the weekly production volume in thousands of units and TCD(x) is the cost in thousands of dollars. The Hamilton plant's weekly
production costs are given by
TCH(Y)=Y2+2Y+8
where Y is the weekly production volume in thousands of units and TCH(Y) is the cost in thousands of dollars. Heller Manufacturing would like
to produce 5,000 gloves per week at the lowest possible cost.
(a) Formulate a mathematical model that can be used to determine the optimal number of gloves to produce each week at each facility.
min
s.t.
=5
x,Y0
(b) Use Excel Solver or LINGO to find the solution to your mathematical model to determine the optimal number of gloves to produce at
each facility. What is the optimal solution value (in dollars)?
$
at(x,Y)=(,)
image text in transcribed

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

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

Students also viewed these General Management questions