Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The supervisor of a manufacturing plant is trying to determine how many of two parts, Part x and Part Y , are to be produced

The supervisor of a manufacturing plant is trying to determine how many of two parts, Part x and Part Y, are to be produced per day. Each part must be processed in three
sections of the plant. The time required for the production along with the profit contribution for each part are given in the following table.
Time Required (Minutes/Unit)
No more than 60 units of Part x and up to 70 units of Part Y can be produced daily. The company already has orders for 30 units of Part Y that must be satisfied. Develop
an LP model and solve for the optimal production quantities. Obtain the sensitivity report to answer the following questions.
a. What is the amount of change in the objective function value if we increase the production quantity of Part Y by 1 unit from the optimal solution? (provide your answer
in numerical value only)
b. If more time could be made available in Section 2, how much would the profit increase? (provide your answer in numerical value only)
c. If we increase the available hours for Section 1 by 100 units, what would be the resulting change in profit? (provide your answer in numerical value only)The supervisor of a manufacturing plant is trying to determine how many of two parts, Part X and Part Y, are to be produced per day. Each part must be processed in three sections of the plant. The time required for the production along with the profit contribution for each part are given in the following table.
Time Required (Minutes/Unit)
Section 1 Section 2 Section 3 Profit/Unit
Part X
50
30
18
$2
Part Y
80
45
22
$3
Available time (minutes)
3,600
2,500
1,200
No more than 60 units of Part X and up to 70 units of Part Y can be produced daily. The company already has orders for 30 units of Part Y that must be satisfied. Develop an LP model and solve for the optimal production quantities. Obtain the sensitivity report to answer the following questions.
a. What is the amount of change in the objective function value if we increase the production quantity of Part Y by 1 unit from the optimal solution? (provide your answer in numerical value only)
b. If more time could be made available in Section 2, how much would the profit increase? (provide your answer in numerical value only)
c. If we increase the available hours for Section 1 by 100 units, what would be the resulting change in profit? (provide your answer in numerical value only)
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_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

Purchasing and Supply Chain Management

Authors: W.C Benton

3rd edition

78024110, 978-0078117091, 78117097, 978-0078024115

More Books

Students also viewed these General Management questions