Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

metalworking company buys sheet metal from which they make swings and slides for children's playgrounds. They then outsource the rustproofing of the swings and slides,

metalworking company buys sheet metal from which they make swings and slides for children's playgrounds. They then outsource the rustproofing of the swings and slides, and sell the finished products. They buy the metal at a cost of $5 per kilogram (kg). Each swing requires 3 kg of metal, while each slide requires 6 kg. Each product spends time in three operations: cutting; polishing; and assembly. The times in minutes per unit are: Cutting Polishing Assembly Swing 25 12 16 Slide 18 10 11 Each day, the shop is available for 6.5 hours of productive time. There are four cutting machines, one polisher, and one person to do the assembly. However, up to an extra 80 minutes of assembly time can be purchased for $2 per minute. The rust-proofing firm charges $30 per hour. When rust-proofing swings, they can rust- proof 5 swings per hour; when rust-proofing slides, they can rust-proof 16 slides per hour. The metalworking company sells its products to a wholesaler at $190 per swing and $75 per slide. The market requires that at least two slides be made for every swing made. We define (all variables are on a daily basis): S = the number of swings made (integer) L = the number of slides made (integer) R = the number of hours of rust-proofing purchased M = the number of kilograms of metal purchased A = the number of extra assembly minutes purchased

a) Formulate an algebraic model for the problem. (b) Use LINGO or the Excel Solver to solve this model. (c) State the solution in words.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Recommended Textbook for

Modern Principles of Economics

Authors: Tyler Cowen, Alex Tabarrok

3rd edition

1429278390, 978-1429278416, 1429278412, 978-1429278393

Students also viewed these General Management questions

Question

Where did the faculty member get his/her education? What field?

Answered: 1 week ago