Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In preparation for the winter season, a clothing company is manufacturing parka and goose overcoats, insulated pants, and gloves. All products are manufactured in four

image text in transcribed
In preparation for the winter season, a clothing company is manufacturing parka and goose overcoats, insulated pants, and gloves. All products are manufactured in four different departments: cutting, insulating, sewing, and packaging. The company has received firm orders for its products. The conti stipulates a penalty for undelivered items. The following table provides the pertinent data of the situation, then: Time per units (hr) x 1 x2 x3 Department Purka Goose Gloves Capacity (he) Cutting 30 25 1000 Insulating 25 35 30 .10 1000 Sewing 50 40 .22 1000 Packaging .15 05 1000 Deinand 800 750 600 500 Unit profit $30 $40 $20 510 Unit penalty $15 $20 $10 30 15 .15 .1 If the optimum production is x1= 750, x2= 700, x3=600, and x4 = 400, then: Penalty cost = 2550 $ Profit = 34, 450$ The objective function is max z = 15 x1 + 20 x2 + 10 x3 + 2 x4 Net profit = 66, 500$

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

Frank Woods Business Accounting Volume 2

Authors: Frank Wood, Alan Sangster

14th Edition

1292209178, 9781292209173

More Books

Students also viewed these Accounting questions

Question

What has been the evolution of HRM?

Answered: 1 week ago

Question

What would you do?

Answered: 1 week ago