QuickHelper

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About QuickHelper

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Elementary,High School,College,University,PHD

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Accounting,Applied Sciences See all
Accounting,Applied Sciences,Business & Finance,Chemistry,Engineering,Health & Medical Hide all
Teaching Since: May 2017
Last Sign in: 353 Weeks Ago
Questions Answered: 20103
Tutorials Posted: 20155

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  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Business & Finance Posted 29 May 2017 My Price 10.00

Solve Problem and Applications

Question description

Solve Problem and Applications: ch 13- prob 7 [Klein Industries manufactures three types of portable air compressors] in page 451 at the end of chapter 13 in your textbook, USA 5th edition. The data is given as part of the question. There is no external data set provided. Use what is given by the problem. 13-7. Klein Industries manufactures three types of portable air compressors: small, medium, and large, which have unit profits of $20.50, $34.00, and $42.00, respectively. The projected monthly sales are: Small Medium Large Minimum 14,000 6,200 2,600 Maximum 21,000 12,500 4,200 The production process consists of three primary activities: bending and forming, welding, and painting. The amount of time in minutes needed to process each product in each department is shown below: Small Medium Large Available Time Bending/forming 0.4 0.7 0.8 23,400 Welding 0.6 1.0 1.2 23,400 Painting 1.4 2.6 3.1 46,800 How many of each type of air compressor should the company produce to maximize profit? a. Formulate and solve a linear optimization model using the auxiliary variable cells method and (((((WRITE A SHORT MEMO))))) to the production manager explaining the sensitivity information. b. Solve the model without the auxiliary variables and explain the relationship between the reduced costs and the shadow prices found in part a. Solution Tip: You must use Solver tool in Excel. Set your constraints right, and fill in the solver dialogue box properly. Be sure to review links provided in the last lesson, or in one of the announcements in the first week of class. Here is a You Tube link you could view: http://www.youtube.com/watch?v=Oyc0k9kiD7o Also additional slides to explain basics and a basic example is attached. The example and slides are for demonstration and illustration purpose only to help practice how to use solver tool. Turn It In (TII): TII is integrated in this course which means you will not need your own account for submitting papers. Your faculty member will decide for each assignment if your paper needs to be submitted to TII. Please submit each assignment only in the Assignments area.

Answers

QuickHelper
(10)
Status NEW Posted 29 May 2017 12:05 PM My Price 10.00

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