A store orders three different kinds of items. The table below shows the requirements of each item. Item Cost Selling Price Storage Space Weight 2 kg 3 kg 4 kg $10 $12 $8 $19 $22 $13 А 0.6 cu m B 0.4 cu m 0.2 cu m The manager must abide by the following conditions: a. The order must provide at least 3,700 items.
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Use the "big M method" (i.e., alternative variables and Ma1 variables) to solve for this maximization problem with mixed constraints. Show all work.
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- If the cost of each Robust tablet increases to 75 c and the cost of each Vigortab increases to 80 c , find the minimum cost.A store orders three different kinds of items. The table below shows the requirements of each item. Item Cost Selling Price Storage Space Weight $19 $22 $13 A $10 0.6 cu m 2 kg 3 kg 4 kg B $12 0.4 cu m C $8 0.2 cu m The manager must abide by the following conditions: a. The order must provide at least 3,700 items. b. The total cost of the order must not exceed $36,000. c. The total storage space available is 1,420 cubic metres. d. The total weight must not exceed 11,400 kilograms. How many of each item of each should be ordered to maximize profit? Hint: Profit is revenue minus cost.A campus student group is raising funds for charity by selling cups of boba tea. The expenses incurred by this student group are the cost of materials, estimated at $2 per cup (tea, boba, milk, sugar, cups, the big honking straws, napkins, etc.) and the $150 cost of renting the brewing and cooking space. The group will charge students $4 for each cup.a. Write down the associated cost, revenue, and profit functions. b. How many cups of boba must they sell to break even?c. What profit (or loss) results from the sale of 50 cups?
- A furniture store expects to sell 120 coffee tables during the next year. It costs $1.50 to store one coffee table for one year. To reorder, there is a fixed cost of $10, plus $2.80 for each coffee table ordered. In what lot size and how many times per year should an order be placed to minimize inventory costs? coffee tables per order orders per yearSTAR Co. provides paper to smaller companies with volumes that are not large enough to warrant dealing directly with the paper mill. STAR receives 100-feet-wide paper rolls from the mill and cuts the rolls into smaller rolls of widths 12, 15, and 30 feet. The demands for these widths vary from week to week. The following cutting patterns have been established. Min s.t. 12-ft Pattern Number 15-ft 30-ft 1 2 P1, P2, P3 P4 P5 ≥ 0 3 4 5 12-ft 15-ft 30-ft Trim Loss (ft) 0 0 8 3 7 6 0 0 0 1 C 3 0 2 0 10 Trim loss is the leftover paper from a pattern (e.g., for pattern 4, 3(12) + 0(15) + 2(30) = 96 feet used results in 100 - 96 = 4 foot of trim loss). Orders in hand for the coming week are 5,680 12- foot rolls, 1,690 15-foot rolls, and 3,360 30-foot rolls. Any of the three types of rolls produced in excess of the orders in hand will be sold on the open market at the selling price. No inventory is held. 10 Formulate an integer programming model that will determine how many 100-foot rolls to cut…distributor of automotive parts is considering ordering and inventory policy for a new make of tire. This is a specialty item; annual demand is only 2000 units. The cost of placing an order is $100, and annual inventory holding costs are estimated at 20% of the cost of an item. The price paid for the new tires will vary depending on the order quantity according to the following schedule: Order Quantity Less than 100 100 to 599 600 to 1199 1200 or more Cost per Unit $61 $60 $59 $58 Analyze this data to determine the Economic Order Quantity for this inventory item.
- The production level needed from the agricultural sector, the manufacturing sector, and the energy sector is ..... ....... ....... units.Cars produces cars in Atlanta (5,000 cars), Boston (5,500 cars) and Chicago (4,000 cars). These cars are shipped to Memphis, Milwaukee, and N.Y. Demand is given as 6,000 in Memphis, 4,000 in Milwaukee and 4,000 in Chicago. The transportation costs for shipping a car from city i to city j are given below. To From Atlanta Boston Memphis 371 Milwaukee 761 N.Y. 861 206 1,296 530 1,050 87 Chicago 802 a) Formulate a balanced transportation problem that can be used to minimize Cars' transportation costs. b) Find a basic feasible solution to the problem.The fixed cost of a ceramic company is 1800 OMR. The raw material cost is 12 RO per unit, cost of labour per unit is RO 6 and overhead costs are 1.500 RO per unit. If the company produces 2000 units, find the total cost. a. RO 24,800 b. RO 40,800 c. RO 39,000 d. RO 36,000
- 4) Inventory control: Lenhen Vinters imports a certain brand of beer. The demand for beer over a year is 80,000 cases/year. The cost to ordering a shipment of beer is $50, the cost of storing each case of beer for a year is $2.00, and each case of beer costs them $35 to purchase. (Assume the storage cost is based on the average number in storage at any time in the year.) Find the following. a) Give the simplified function that represents the total inventory cost (circle this). Be sure to state what the variable x represents. CLEARLY state the understood domain of the function that you are using. X is Understood Domain is b) How many cases of imported beer should they order in each shipment and how many orders need to be placed over the year to minimize the total inventory cost? Use calculus to solve this problem. You must verify your answer yields a minimum cost based on your domain. SHOW all work and put your answers in the spaces provided. Number of cases per shipment Number of…The Lawson Fabric Mill Produces five different fabrics. Each fabric can be woven on one or more of the mill’s 36 looms. The sales department’s forecast of demand for the next month is shown in below Table 1, along with data on the selling price per yard, variable cost per yard, and purchase price per yard. The mill operates 24 hours a day and is scheduled for 30 days during the coming month. The mill has two types of looms: draw and regular. The draw looms are more versatile and can be used for all five fabrics. The regular looms can produce only three of the fabrics. The mill has a total of 36 looms: 8 are draw and 28 are regular. The rate of production for each fabric on each type of loom is given in below Table 2. The time required to change over from producing one fabric to another is negligible and does not have to be considered. The Lawson Fabric Mill satisfies all demand with either its own fabric or fabric purchased from another mill. Fabrics that cannot be woven at the…