PROBLEM 4 The Pee Tool Shop has four heavy presses it uses to stamp out prefabricated metal covers and housings for electronic consumer products. All four presses operate differently and are of different sizes. Currently the firm has a contract to produce three products. The contract calls for 400 units of product 1; 570 units of product 2; and 320 units of product 3. The time (in minutes) required for each product to be produced on each machine is as follows: Product 1 2 3 1 35 40 38 Product 1 2 3 Machine 1 P78 67 84 2 41 36 37 Machine 1 is available for 150 hours, machine 2 for 240 hours, machine 3 for 200 hours, and machine 4 for 250 hours. The products also result in different profits, according to the machine they are produced on, because of time, waste, and operating cost. The profit per unit per machine for each product is summarized as follows: Machine 3 34 2 P78 89 81 32 33 3 P82 4 39 43 40 92 90 4 P79 63 58 The company wants to know how many units of each product to produce on each machine to maximize profit. Solve the model by using the computer.
PROBLEM 4 The Pee Tool Shop has four heavy presses it uses to stamp out prefabricated metal covers and housings for electronic consumer products. All four presses operate differently and are of different sizes. Currently the firm has a contract to produce three products. The contract calls for 400 units of product 1; 570 units of product 2; and 320 units of product 3. The time (in minutes) required for each product to be produced on each machine is as follows: Product 1 2 3 1 35 40 38 Product 1 2 3 Machine 1 P78 67 84 2 41 36 37 Machine 1 is available for 150 hours, machine 2 for 240 hours, machine 3 for 200 hours, and machine 4 for 250 hours. The products also result in different profits, according to the machine they are produced on, because of time, waste, and operating cost. The profit per unit per machine for each product is summarized as follows: Machine 3 34 2 P78 89 81 32 33 3 P82 4 39 43 40 92 90 4 P79 63 58 The company wants to know how many units of each product to produce on each machine to maximize profit. Solve the model by using the computer.
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter11: Linear Optimization Models
Section: Chapter Questions
Problem 7P: Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are...
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PLEASE USE EXCEL ON ANSWERING THE QUESTIONS. MAKE SURE TO TAKE A SCREENSHOT STEP BY STEP OF HOW YOU DID THE SOLUTIONS IN EXCEL. ANSWER THIS COMPLETELY TO GET AN UPVOTE. I POSTED A LOT OF THIS, IF YOU SEE THIS AGAIN, YOU CAN SEND THE SAME SOLUTIONS, I WILL STILL UPVOTE DO NOT WORRY, JUST GIVE ME THE CORRECT SOLUTIONS AND ANSWERS.
I REPEAT, ONLY EXCEL
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