Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 1 : This report presents the result of a linear program to determine the optimal product mix between four possible products, Gears A ,

Problem 1:
This report presents the result of a linear program to determine the optimal product mix between four
possible products, Gears A, B, C and D, which are proposed to be made using the following resources:
Drilling Hours, Milling Hours, Lathe Hours and Inspection Hours. The coefficients of the objective
function represent the profit to be made from the manufacture of each type of gear.
(a) What is the profit represented by the objective function?
(b) What is the production plan shown by this sensitivity report?
(c) Which constraints are binding? Which are non-binding?
(d) What is the range over which the OFC associated with Gear C can change without changing the
production plan indicated by this sensitivity report?
(e) What is the range over which the quantity of Lathe Hours could change without changing the
combination of binding constraints?
(f) Does this sensitivity report indicate the presence of multiple optima? How do you know?
(g) After the production, how many hours remain in the Milling department?
(h) After the production, how many hours remain in the Drilling department?
(i) What would be the impact to the production plan and profit if the OFCGearA were to change to
$20?
(j) What would be the impact to the production plan and profit if the OFCGearB were to increase by
$1?
(k) What would be the impact to the production plan and profit if the OFCGearC were to change to
$19?
(1) What would be the impact to the production plan and profit if the OFCGearD were to increase by
$4?
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

Recommended Textbook for

Strategic Management

Authors: John Pearce , Richard Robinson

13th Edition

0078029295, 978-0078029295

More Books

Students also viewed these General Management questions