..B.11 Each coffee table produced by Kevin Watson Designersnets the firm a profit of $9. Each bookcase yields a $12profit. Watson's firm is small and its resources limited.During any given production period (of 1 week), 10 gallonsof varnish and 12 lengths of high-quality redwood areavailable. Each coffee table requires approximately 1 gallonof varnish and 1 length of redwood. Each bookcase takes 1gallon of varnish and 2 lengths of wood.Formulate Watson's production-mix decision as a linearprogramming problem, and solve. How many tables andbookcases should be produced each week? What will themaximum profit be? [PX]

Here, I would formulate the LP, which is stated below, The number of coffee table=X1 The number of…

Answered: Formulate Watson's production-mix…

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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(3marks) c. The Ambrosia Bakery makes cakes for freezing and subsequent sale. The bakery, which operates five days a week, 52 weeks a year, can produce cakes at the rate of I16 cakes per day. The bakery sets up the cake-production operation and produces until a predetermined number have been produced. When not producing cakes, the bakery uses its personnel and facilities lor produciny other bakery tems Ihe selup cost lor a oduction run of cakes is 700 The cost of holdling frozen cakes in storage is 9 per Cake per year. the annual demand lor Ihuzen cakes, which Is contant over time, is G000 cakes. Determine the lollowing 1Optimal production run quantity ii. The maximum inventory ii. Total annual inventory costs iv. Optimal number of production runs per year V. Optimal cyele tinie (time between run starts)
full hand written plz otherwise skip..i'll give you multipke uovote
2. Newspaper Stand • A newspaper stand operator has the following sales data for one- year sales of Fine magazine. Quantity Sold per day No. of days quantity sold 10 36 11 54 12 72 13 90 14 108 • The operator wants to know how many copies to stock per day to get the maximum profit. Issues of the magazine sell for $0.50, and costs $0.30. Unsold copies cannot be returned to the distributor.
#3 Mention some drawbacks of the Linear Model?
yz=06 Question 6 A newly purchased equipment item in your organization has a compressor that is known to experience failure (requiring complete replacement) after 6 years. Because of the problems in finding OEM parts, your organization is considering purchasing spare compressors. Your organization uses some numbers (all PER SINGLE COMPRESSOR) to make decisions: It costs $1200+YZ to purchase AND store a single spare compressor for one year. It costs $2000 for downtime costs and repair with that same stored compressor It costs $5000 to purchase a compressor (and downtime costs) and repair if you have to purchase it when it is immediately required. (the higher cost reflecting the convenience and not having to pay for storage) If the time frame of analysis is 4 years, use the Poisson distribution to advise on the lowest cost decision (ie. How many spare compressors will you recommend - zero, one, two...?)
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
Q1) A retail. Store stocks two types of shirts A and B. These are packed in attractive cardboard boxes. During a week the store can sell a maximum of 400 shirts of type A and a maximum of 300 shirts of type B. The storage capacity, however, is limited to a maximum of 600 of both types combined. Type A shirt fetches a profit of SR 2/- per unit and type B a profit of SR. 5/- per unit. (b) Find the optimal solution (How many of each type) that store should stock per week to maximize the total profit. Use Graphical Method.
Chairs Tables Selling price per unit ＄80 ＄400 Variable cost per unit ＄30 ＄200 Board feet per unit 　　　　　　2 10 Monthly demand 600 100 The company's supplier of hardwood will only be able to supply 2,000 board feet this month. What plan would maximize profits? a. 500 chairs and 100 tables b. 600 chairs and 80 tables c. 500 chairs and 80 tables d. 600 chairs and 100 tables Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
2. Right profit is part of the R’, in supply chain? True or False
29 00:24 1 令.l 50 B/s Question no. 02: A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The accompanying table summarizes price and cost data, combined fixed costs equal $650,000. A marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of Bamsi and 4 units of Turgut will be sold. Action Figures Turgut Bamsi Dogan Novan Selling Price (in dollars) 35 26 24 16 Variable Cost/unit (in dollars) 17 12 12 11 Table 1 a) How many product mix units must be sold to break even? b) How does it translate into sales of individual games?
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Formulate Watson's production-mix decision as a linear programming problem, and solve. How many tables and bookcases should be produced each week? What will the maximum profit be? [PX]