Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper and a gri required on each machine are as follows: The shaper is available for 120 hours, and the grinder for 110 hours. No more than 120 units of component 3 can be sold, but up to 1,000 units of compor component 2 can be sold. In fact, the company already has orders for 600 units of component 1 that must be satisfied. The per unit selling price and per t three components are as follows: ee components for sale to refrigeration companies. The components are processed on two machines: a shaper and a grinder. The times (in minutes) follows: burs, and the grinder for 110 hours. No more than 120 units of component 3 can be sold, but up to 1,000 units of component 1 and up to 600 units of , the company already has orders for 600 units of component 1 that must be satisfied. The per unit selling price and per unit variable costs for each of the te the profit margin (profit margin = selling price = material cost - labor cost). three components are as follows: te the profit margin (profit margin = selling price - material cost - labor cost). Sel to determine the maximum profit. If the constant is " 1 ", it must be entered in the box. If an amount is zero, enter " 0 ". 1 manufactured 2 manufactured b) What are the objective coefficients ranges for the three components? If required, round your answers to two decimal places. Interpret these ranges for company management. 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, - Select your answer. , because the constraint related to the time availatle 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. clents ranges for the three components? If required, round your answers to two decimal places. mpany management. ifit coefficients these ranges will not cause a change in the optimal number of components to produce. I ranges? mpany management. hich the shadow prices for the associated constraints applicable. avallable on the grinder, how much would it be worth? Explain. - because the constraint related to the time available on the grinder binding. I 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 other two components and at of component 3 would be produced
