Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Max 200DRB+280DRW s.t. 20DRB+25DRW34,000 Steel available 40DRB+100DRW120,000 Manufacturing minutes 60DRB+40DRW108,000 Assembly minutes DRB,DRW0 The computer solution is shown below. (a) What is the optimal solution
Max 200DRB+280DRW s.t. 20DRB+25DRW34,000 Steel available 40DRB+100DRW120,000 Manufacturing minutes 60DRB+40DRW108,000 Assembly minutes DRB,DRW0 The computer solution is shown below. (a) What is the optimal solution and the total profit contribution (in \$)? DRB DRW total profit contribution $ Yes, the dual value for steel available is 8.8. Each pound of steel will increase profits more than the $2 per pound that the supplier is offering. Yes, there is no surplus of steel so any additional steel that becomes available should be purchased. No, the dual value for steel available is 0.6 . Each pound of steel will not increase profits enough to justify the $2 per pound that the supplier is offering. No, the allowable increase for steel is only 24 pounds, so the additional profits are not applicable for 500 pounds. No, there is a slack value of 9,636 , so additional pounds of steel will not increase profits. (c) Deegan is considering using overtime to increase the available assembly time. What would you advise Deegan to do regarding this option? Explain. Constraint has a slack. Increasing the number of hours of assembly time will profits. The objective coefficient range for model DRB shows a lower limit of \$ . Thus, the optimal solution change and the new value will be \$ (e) If the available manufacturing time is increased by 500 hours, will the dual value for the manufacturing time constraint change? Explain. The allowable increase is minutes, so the dual value for this constraint change
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started