The AB manufacturing company has two kinds of products: A and B. They carn $180 profit...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The AB manufacturing company has two kinds of products: A and B. They carn $180 profit for each Product A and $90 profit for each Product B. To produce Products A and B, the company needs three resources: Q, R, S. Each unit of Product A consumes 6 units of Resource Q and 2 units of Resource R. Each unit of Product B consumes 8 units of Resource Q and 3 units of Resource S. The AB manufacturing company only can use 48 units of Q, 12 units of R and 12 units of S per day, Resource Product A Product B Resource Available Q 8. 48 R 12 3. 12 Profit per unit 180 90 1. (30 points) Formulate a linear program and use simplex algorithm to solve it. 2. (20 points) Write down a linear programming model to determine the minimum total amount the insurance company should pay to AB manufacturing when they lose all the available resource. (Hint: consider the LP duality). The AB manufacturing company has two kinds of products: A and B. They carn $180 profit for each Product A and $90 profit for each Product B. To produce Products A and B, the company needs three resources: Q, R, S. Each unit of Product A consumes 6 units of Resource Q and 2 units of Resource R. Each unit of Product B consumes 8 units of Resource Q and 3 units of Resource S. The AB manufacturing company only can use 48 units of Q, 12 units of R and 12 units of S per day, Resource Product A Product B Resource Available Q 8. 48 R 12 3. 12 Profit per unit 180 90 1. (30 points) Formulate a linear program and use simplex algorithm to solve it. 2. (20 points) Write down a linear programming model to determine the minimum total amount the insurance company should pay to AB manufacturing when they lose all the available resource. (Hint: consider the LP duality).
Expert Answer:
Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
Posted Date:
Students also viewed these general management questions
-
Angry Chair Furniture Sdn Bhd commenced their business on 2 January 2020. The following is the data for the next four months: January February 5 30 40 40 Sales (units) Production (units) March 45 60...
-
On March 1, Portland Company had 63,000 units of work in process in Department A, which were 100% complete as to material costs and 40% complete as to conversion costs. During March, 220,000 units...
-
Formulate and solve a linear programming model to assist the parks management to plan and schedule the number of new employees it hires each week that will minimize the total number of new employees...
-
Interactive promotion allows customers and companies to work together to create mutually beneficial exchange relationships in an ongoing dialogue. True or false
-
Are tariffs justified as a retaliatory measure against other nations? Justify your answer.
-
A sample audit report is provided in figure 1.3 in this chapter. A sample review engagement report is provided in figure 1.4. Required a. What is the auditors responsibility as determined in the...
-
What is shareholder value? Given that there is a range of stakeholders interested in corporate environmental impacts, what arguments can be advanced for emphasising shareholders and value...
-
The Metro Central Railroad is a commuter railroad that stops at the Village of Katonah. Katonah, a growing community, decides to construct and operate a parking lot near the railroad station to...
-
Joanette, Incorporated, is considering the purchase of a machine that would cost $670,000 and would last for 10 years, at the end of which, the machine would have a salvage value of $57,000. The...
-
Caitlin and Wally formed the C & W Partnership on September 1, 2020. Caitlin contributed cash of $195,000, and Wally contributed office furniture with a FMV of $66,000. He bought the furniture for...
-
3. Recently, in Smalltown, the price of Twinkies fell from $0.80 to $0.70. As a result, the quantity demanded of Ho-Ho's decreased from 120 to 100. What would be the appropriate elasticity to...
-
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method and it reports the following unit data for the Forming department. Units completed...
-
To develop your idea proposal, work the problems described below. As you complete each part, make sure to show your work and carefully describe how you arrive at your final answer. Any MATLAB code or...
-
Solve: 3x22x+4. Express the solution using interval notation and graph the solution set.
-
Use the information here for Part a and b. Waves Realty reported the following accounts on its income statement: Commissions Revenue $57,000 Travel and Entertainment 4,500 Real Estate Board Fees...
-
Find the coordinates of the centroid of the region bounded by y = 25x and y = 4. The region is covered by a thin, flat plate.
-
What are the main risks when stock valuating Barrick Gold Corporation? How would these risks how affect your stock valuation? (how sensitive it is to these risks) Explain.
-
For the following exercises, write the polynomial function that models the given situation. Consider the same rectangle of the preceding problem. Squares of 2x by 2x units are cut out of each corner....
-
Refer to the selected financial data (five-year financial summary) on page 685 of the Intel Corporation annual report in the appendix. Required: Compare the trend of the operating income data with...
-
Moiton Co.s assets include notes receivable from customers. During fiscal 2010, the amount of notes receivable averaged $46,250, and the interest rate of the notes averaged 6.4%. Required: a....
-
Mizzou Mining Company mines an iron ore called Alpha. During the month of December, 400,000 tons of Alpha were mined and processed at a cost of $742,500. As the Alpha ore is mined, it is processed...
-
In a survey of a simple random sample of students at a certain college, the sample mean time per week spent watching television was 18.3 hours and the margin of error for a 95% confidence interval...
-
Use the data in Exercise 4 to construct a 95% confidence interval for the mean IQ score. Exercise 4 An IQ test was given to a simple random sample of 75 students at a certain college. The sample mean...
-
The lifetime of a certain type of battery is known to be normally distributed with standard deviation = 20 hours. A sample of 50 batteries had a mean lifetime of 120.1 hours. It is desired to...
Study smarter with the SolutionInn App