Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on required on each machine are as follows: Component 1 2 3 Component 1 2 3 Shaper 6 4 Machine 4 The shaper is available for 120 hours, and the grinder for 110 hours. No more than 200 units of component 3 can be s component 2 can be sold. In fact, the company already has orders for 600 units of component 1 that must be satisfied three components are as follows: Grinder Selling price $25 $18 $27 4 5 2 Material Cost $12 $8 $13 Labor Cost $5 $4 $5 = selling price - material cost - labor cost). (a) For each component, calculate the profit margin (profit margin Component 1: $ Component 2: $ Component 3: $ Formulate and solve the model to determine the maximum profit. If the constant is "1", it must be entered Let C = units of component 1 manufactured C2 = units of component 2 manufactured the

Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed o required on each machine are as follows: The shaper is available for 120 hours, and the grinder for 110 hours. No more than 200 units of component 3 can be component 2 can be sold. In fact, the company already has orders for 600 units of component 1 that must be satisfiec three components are as follows: (a) For each component, calculate the profit margin (profit margin = selling price - material cost - labor cost). Component 1:\$ Component 2: \$ Component 3: $ Formulate and solve the model to determine the maximum profit. If the constant is " 1 ", it must be entered in the Let C1= units of component 1 manufactured C2= units of component 2 manufactured Formulate and solve the model to determine the maximum profit. If the constant is " 1 ", it must be entered in the Let C1= units of component 1 manufactured C2= units of component 2 manufactured C3= units of component 3 manufactured Individual changes in the profit coefficients these ranges will not cause a change in the optimal number of components t (c) What are the right-hand-side ranges? Interpret these ranges for company management. These are the ranges over which the shadow prices for the associated constraints applicable. (d) If more time could be made available on the grinder, how much would it be worth? Explain. , becouse the constraint related to the time avaliable on the grinder (e) If more units of component 3 can be sold by reducing the sales price by $4, should the company reduce the price? , because the production of component 3 would be profitable than the production of the of reduced price of component 3 would be produced. The shaper is available for 120 hours, and the grinder for 110 hours. No more than 200 units of component 3 can be component 2 can be sold. In fact, the company already has orders for 600 units of component 1 that must be satisfiec three components are as follows: (a) For each component, calculate the profit margin (profit margin = selling price - material cost - labor cost). Component 1: \$ Component 2: \$ Component 3: \$ Formulate and solve the model to determine the maximum profit. If the constant is " 1 ", it must be entered in the Let C1= units of component 1 manufactured C2= units of component 2 manufactured C2= units of component 3 manufactured