Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

XYZ company produces metal shelves that are made of metal bars. There are three different sizes of metal bars that XYZ purchases from some suppliers

XYZ company produces metal shelves that are made of metal bars. There are three different sizes of metal bars that XYZ purchases from some suppliers (small-size bars, medium-size bars, large-size bar, extremely-large-size bar). In fact, XYZ buys "batches" of metal bars from 15 different suppliers. Table 1 provides information on the cost of a batch bought from different suppliers. This table also provides information on the number of bars with different sizes that a batch from each supplier includes. As an example, as Table 1 shows, one batch from Supplier 1 costs $4400 and includes 16 extremely large bars, 28 large bars, 45 medium bars, and 37 small bars. Similar information is available for other suppliers in Table 1. XYZ must buy at least 600 extremely large, 540 large, 650 medium, and 790 small bars each week. Because of some operational reasons, XYZ can buy at most 1000 bars per week from each supplier.

 

Table 1
                                                                                                                             
SupplierCost Per batch ($)The number of extremely large bars in each batchThe number of large bars in each batchThe number of medium bar in each batchThe number of small bars in each batch
4400 16 28 45 37 
3700 34 35 21 40 
4400 30 19 26 34 
3500 43 36 36 17 
5300 37 24 23 18 
4700 36 32 21 18 
5100 26 28 26 41 
5200 44 20 44 32 
4700 40 27 14 33 
10 3100 23 14 10 24 
11 5600 23 20 34 35 
12 4000 42 13 28 39 
13 3300 30 32 44 48 
14 3200 34 27 44 20 
15 4100 36 27 44 46 
16 4400 44 39 33 11 
17 3500 24 16 43 33 
18 5600 30 38 24 23 
19 4200 28 26 35 12 
20 4000 28 10 32 50 


Part a)Formulate a mathematical programming model to minimize the total cost.

Part b)How would you modify the model to ensure that at least 60 percent of purchased small bars are purchased from Suppliers 4 and 5.

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

Step: 3

blur-text-image

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

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

More Books

Students also viewed these Mathematics questions