Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wilson manufactures a special standard-size racket and a special oversize racket to be sold specifically during the U.S Open tournament in New York. The firms

  1. Wilson manufactures a special standard-size racket and a special oversize racket to be sold specifically during the U.S Open tournament in New York. The firms rackets are extremely light due to the use of magnesium-graphite alloy that was invented by the founder of Wilson. Each standard-size racket uses 0.125 kilograms of the alloy and each oversize racket uses 0.4 kilograms. Wilson only dedicates two-weeks of production time to manufacture both rackets scheduled just prior to the U.S. open tournament. Over that two-week production period, only 80 kilograms of the alloy will be available. Each standard-size racket uses 10 minutes of manufacturing time and each oversize racket uses 12 minutes. The profit contributions are $10 for each standard-size racket and $15 for each oversize racket, and 40 hours of manufacturing time are available each week. Management specified that at least 20% of the total production time must be dedicated to the standard-size racket.

Using your complete LP model, solve the problem using Microsoft Excel.

Max (Profit) $10S + $15V

s.t.

0.125S + 0.4V 80 (Kilograms of Alloy Available)

10S + 12V 4800 (Total Production Time)

10S 960 (Production Time Requirement for Standard Racket)

S, V 0

  1. How many standard and oversized rackets should Wilson manufacture?

(b) What is the total maximum profit?

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

Cases In Financial Reporting

Authors: Ellen Engel, D. Eric Hirst, Mary Lea McAnally

8th Edition

1618531220, 9781618531223

More Books

Students also viewed these Finance questions

Question

7. 5 Audience habits and demographics

Answered: 1 week ago