Answered step by step
Verified Expert Solution
Question
1 Approved Answer
This question is about the Factory Planning problem that is explained in the slides of the course. In the general case of this problem, products
This question is about the Factory Planning problem that is explained in the
slides of the course. In the general case of this problem, products must be produced using
processes The following parameters and variable are used by an operations research
analyst to formulate the problem:
Parameters:
: The market limit for product
: The perunit profit for selling product
: The total available time for process in hour
: The required time of process for one unit of product in hour
Variables:
: The number of product produced and sold in the market.
Using this notation, the following model is proposed by the operations research analyst.
in
in
in
in
integer in
The data for this problem are given in FactoryPlanning.xlsx
Question Part a Report the Solution time, the obtained objective value, and the obtained solution.
Question Part b The business owner has realized that she has two options;
pay $ to have more available time for the available time of process
Stick the available times for processes as in the previous part of the question and do not pay
anything.
Which option do you recommend to the business owner?This question is about the Factory Planning problem that is explained in the
slides of the course. In the general case of this problem, products must be produced using
processes The following parameters and variable are used by an operations research
analyst to formulate the problem:
Parameters:
: The market limit for product
: The perunit profit for selling product
: The total available time for process in hour
: The required time of process for one unit of product in hour
Variables:
: The number of product produced and sold in the market.
Using this notation, the following model is proposed by the operations research analyst.
in
in
in
in
integer in
The data for this problem are given in FactoryPlanning.xlsx
Question Part a Report the Solution time, the obtained objective value, and the obtained solution.
Question Part b The business owner has realized that she has two options;
pay $ to have more available time for the available time of process
Stick the available times for processes as in the previous part of the question and do not pay
anything.
Which option do you recommend to the business owner?
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