1.Hi-V produces three types of canned juice drinks, A, B, and C, using fresh strawberries, grapes, andapples. The daily supply is limited to 200 tons of strawberries, 100 tons of grapes, and 150 tons of apples.The cost per ton of strawberries, grapes, and apples, is $200, $100, and $90, respectively. A ton of strawberiesmakes 1,500 lb of strawberry juice. A ton of grapes produces 1,200 lb of grape juice. While 1,000 lb of applejuice requires 1 ton of apples. Drink A is a 1:1 mix of strawberry and apple juice. Drink B is 1:1:2 mix ofstrawberry, grape, and apple juice. Drink C is a 2:3 mix of grape and apple juice. All drinks are canned in 16-oz (1 lb) cans. The selling price per can is $1.15, $1.25, and $1.20 for drinks A, B, and C. Formulate theappropriate LP for Hi-V. Use only 3 decision variables.

Objective Functions and Constraints: Based on the given details, the objective…

Answered: Hi-V produces three types of canned…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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2. VGHC, humanitarian aid service in the Sub-Saharan Africa, operates its laboratory on-site. The lab maintains an inventory of test kits for a variety of procedures. VGHC uses 780 A1C kits each year. Ordering costs are $15 and holding costs are $3 per kit per year. The new price list indicates that orders of fewer than 73 kits will cost $60 per kit, 73 through 144 kits will cost $56 per kit, and orders of more than 144 kits will cost $53 per kit. Determine the optimal order quantity and the total cost.
29) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. In order to calculate the EOQ, the XYZ company utilizes the __________ model. Group of answer choices a) Basic EOQ b) Production Quantity c) Optimal Production
Joint Products Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin,from a joint process. The joint costs incurred are $420,000 for a standard production run that generates 180,000 pints of Smooth Skin and 120,000 pints of Silken Skin. Smooth Skin sells for $2.40 perpint, while Silken Skin sells for $3.90 per pint.Required1. Assuming that both products are sold at the split-off point, how much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method?2. If no separable costs are incurred after the split-off point, how much of the joint cost of each productionrun is allocated to Silken Skin using the physical measure method method?3. If separable processing costs beyond the split-off point are $1.40 per pint for Smooth Skin and $0.90 perpint for Silken Skin, how much of the joint cost of each production run is allocated to Silken Skin usinga net realizable value method?4. If separable processing costs beyond the…
Your Corporation manufactures four products that use the same raw material and production machine. Your Company is experiencing a shortage of pounds of the raw material. Information related to the four products are shown below. Products A B C D Selling price $40 $32 $35 $65 Variable cots $34 $22 $27 50 Machine hours per unit 6 8 5 7 Pounds per unit 18 20 28 38 To maximize profit next month, in what order would it be best to schedule production (first to last)? a. A, B, C, D b. A, D, B, C c. B, D, A, C d. D, A, C, B
A company manufactures hair dryers. It buys some of the components, but it makes the heatingelement, which it can produce at the rate of 800 per day. Hair dryers are assembled daily, 250 daysa year, at a rate of 300 per day. Because of the disparity between the production and usage rates,the heating elements are periodically produced in batches of 2,000 units.a. Approximately how many batches of heating elements are produced annually?b. If production on a batch begins when there is no inventory of heating elements on hand, howmuch inventory will be on hand two days later?c. What is the average inventory of elements, assuming each production cycle begins when thereare none on hand?d. The same equipment that is used to make the heating elements could also be used to makea component for another of the firm’s products. That job would require four days, includingsetup. Setup time for making a batch of the heating elements is a half day. Is there enough timeto do this job between production…
13.20. Southwood Furniture Company is a U.S.-based furniture manufacturer that offshored all of its actual manufacturing opera- tions to China about a decade ago. It set up a distribution center in Hong Kong from which the company ships its items to the United States on container ships. The company learned early on that it could not rely on local Chinese freight forwarders to arrange for sufficient containers for the company's shipments, so it contracted to purchase containers from a Taiwanese manufacturer and then sell them to shipping companies at the U.S. ports the containers are shipped to. Southwood needs 715 containers each year. It costs $1200 to hold a container at its distribution center, and it costs $6000 to receive an order for the containers. Determine the optimal order size, min- imum total annual inventory cost, number of annual orders, and time between orders.
6. Leaky Pipe, a local retailer of plumbing supplies, faces demand for one of its SKUs at a constant rate of 17,000 units per year. It costs Leaky Pipe $5 to process an order to replenish stock and $2.00 per unit per year to carry the item in stock. Stock is received 12 working days after an order is placed. No backordering is allowed. Assume 365 working days a year. a. Leaky Pipe's optimal order quantity is ______ units. (Enter your response rounded to the nearest whole number.) Part 3 b. The optimal number of orders per year is _____ orders. (Enter your response rounded to the nearest whole number.) Part 4 c. The optimal interval (in working days) between orders is ______ days. (Enter your response rounded to one decimal place.)
Ajax Manufacturing produces a single product, which takes 8.0 pounds of direct materials per unitproduced. Assume that it is currently at the end of the first quarter of the year, and there are 50,000pounds of material on hand. The company’s policy is to maintain an end-of-quarter inventoryof materials equal to 25 percent of the following quarter’s material requirements for production.How many units of product were produced in the first quarter of the year? Under the assumptionthat production will increase by 10 percent in the second quarter, what are the direct materialsrequirements (in pounds) for planned production in the second quarter?
Explain briefly a) Efficient Production b) Inefficient Production c) What causes NPV to increase
40. An import/export firm has leased 20,000 cubic feet of storage space to store six items that it imports from the Far East. The relevant data for the six items it plans to store in the warehouse are Space per Unit (feet) Annual Demand Item (units) Cost per Unit DVD 32-inch flat screen TV 1,600 Blank DVD's 800 $200.00 150.00 30.00 12 18 8,000 (box of 10) Blank CD's 12,000 18.00 2 (box of 50) Compact stereo Telephone 400 1,200 250.00 24 12.50 3 Setup costs for each product amount to $2,000 per order, and holding costs are based on a 25 percent annual interest rate. Find the optimal order quantities for these six items so that the storage space is never exceeded. (Hint: Use a cell location for the Lagrange multiplier and experiment with different values until the storage constraint is satisfied as closely as possible.)
5.B) Biona Enterprise usually gets everyday order of a hundred dozen units while the production can make triple amount of the orders. Thus, any surplus must be deposited in the storage with a cost of $9.50 per unit. Once order takes place, the enterprise will serve it within four working days at $200 for the delivery charges. The enterprise works five days a week and closes it operations three weeks per year while keep some stocks approximately 3% of the yearly demand. (a) Find the optimum value of ordering. (b) The size of Kanban. (c) How frequent the enterprise should deliver the orders in a six-month period?
Mazoon Company sells 500 units resulting in $150,000 of sales revenue, $50,000 of variable costs, and $36,000 of :fixed costs. Breakeven point in units is None of the given answers .a O units 180 b O units 300 .c O units 72 d O units 100 .e O

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