subject
Business, 04.04.2020 11:57 Hellokittyjam35

A manufacturing firm has discontinued the production of a certain unprofitable product line. Considerable excess production capacity was created as a result. Management is considering devoting this excess capacity to one or more of three products: X1, X2, and X3. Machine hours required per unit are: PRODUCT MACHINE TYPE X1 X2 X3Milling machine 8 2 3Lathe 4 3 0Grinder 2 0 1The available time in machine hours per week isMACHINE HOURS PER WEEKMilling machines 800Lathes 480Grinders 320The salespeople estimate they can sell all the units of X1 and X2 that can be made, But the sales potential of X3 is 80 units per week maximum. Unit profits for the three products are $20 (for X1), $6 (for X2), and $8 (for X3).Required:(a) Write the mathematical formulation to maximize the profit per week (Decision variables: Production amount of X1, X2, and X3).(b) Solve the mathematical formulation using Excel Solver. Show your work.(c) What is the optimal solution?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:00
Which financial component is a mandatory deduction from your gross pay? a. sales tax b. social security tax c. health insurance d. disaster relief fund (drf) e. voluntary deduction
Answers: 1
question
Business, 22.06.2019 08:30
Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price
Answers: 1
question
Business, 22.06.2019 23:50
Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?
Answers: 1
question
Business, 23.06.2019 11:30
2. how has taobao created economic opportunities for chinese entrepreneurs that were inaccessible to them before?
Answers: 1
You know the right answer?
A manufacturing firm has discontinued the production of a certain unprofitable product line. Conside...
Questions
question
Mathematics, 18.07.2019 17:00
Questions on the website: 13722361