(a) Formulate a linear programming model for maximizing total profit contribution. (Let P,= units of product i produced, for i=1, 2, 3.) Max 25P₁ +27P2+29P3 s.t. ✓ Department A 1.5P₁ +3P₂+2P3 ≤450 Department B2P₁+1P₂ +2.5P3 ≤ 350 ✓ ✓ Department c 0.25P₁ +0.25P₂ +0.25P3 ≤ 50 P₁ P₂ P3 20 b) Solve the linear program formulated in part (a). How much of each product should be produced, and what is the projected total profit contribution (in dollars)? (P₁ P₂ P3) 60,80,60 with profit $ 5400 (c) After evaluating the solution obtained in part (b), one of the production supervisors noted that production setup costs had not been taken into account. She noted that setup costs are $410 for product 1, $600 for product 2, and $630 for product 3. If the solution developed in part (b) is to be used, what is the total profit contribution (in dollars) after taking into account the setup costs? $ 3890 x Max d) Management realized that the optimal product mix, taking setup costs into account, might be different from the one recommended in part (b). Formulate a mixed-integer linear program that takes setup costs into account. Management also stated that we should not consider making more than 140 units of product 1, 155 units of product 2, or 190 units of product 3. (Let P, = units of product i produced and y, be the 0-1 variable that is one if any quantity of product / is produced and zero otherwise, for i= 1, 2, 3.) What is the objective function of the mixed-integer linear program?
(a) Formulate a linear programming model for maximizing total profit contribution. (Let P,= units of product i produced, for i=1, 2, 3.) Max 25P₁ +27P2+29P3 s.t. ✓ Department A 1.5P₁ +3P₂+2P3 ≤450 Department B2P₁+1P₂ +2.5P3 ≤ 350 ✓ ✓ Department c 0.25P₁ +0.25P₂ +0.25P3 ≤ 50 P₁ P₂ P3 20 b) Solve the linear program formulated in part (a). How much of each product should be produced, and what is the projected total profit contribution (in dollars)? (P₁ P₂ P3) 60,80,60 with profit $ 5400 (c) After evaluating the solution obtained in part (b), one of the production supervisors noted that production setup costs had not been taken into account. She noted that setup costs are $410 for product 1, $600 for product 2, and $630 for product 3. If the solution developed in part (b) is to be used, what is the total profit contribution (in dollars) after taking into account the setup costs? $ 3890 x Max d) Management realized that the optimal product mix, taking setup costs into account, might be different from the one recommended in part (b). Formulate a mixed-integer linear program that takes setup costs into account. Management also stated that we should not consider making more than 140 units of product 1, 155 units of product 2, or 190 units of product 3. (Let P, = units of product i produced and y, be the 0-1 variable that is one if any quantity of product / is produced and zero otherwise, for i= 1, 2, 3.) What is the objective function of the mixed-integer linear program?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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