In the Great Threads model, the production quantities in row 16 were not constrained to be integers.
Question:
Transcribed Image Text:
Figure 14.46 Fixed-Cost Clothing Model A B D. F G H. 1 Great Threads fixed cost clothing model 2 3 input data on products Range names used: Logical upper_limit -ModellSB18-$F$18 Produce any? Profit Resource_available -Modell$D$2:$D$23 Resource_used Units produced -Modell$8$14:$F$14 ModellSB$ 29 Shirts Skirts 4 Shorts Pants Jackets 5 Labor hours/unit 6 Cloth (sq. yd.)/unit 6 4 -ModelI$B$22 $B$ 23 ModellSBS 16:SF$16 2.5 4.5 5.5 7 8 Selling price/unit 9 Variable cost/unit 10 Fixed cost for equipment $35 $40 $65 $70 $110 $20 $10 $25 $30 $35 $1,500 $1,200 $1,600 $1,500 $1,600 11 12 Production plan, constraints on capacity 13 Shirts Shorts Pants Skirts Jackets 14 Produce any? 15 16 Units produced 965.52 379.31 17 18 Logical upper limit 19 20 Constraints on resources 21 22 Labor hours 23 Cloth 24 25 Monetary outputs 26 Revenue 27 Variable cost 28 Fixed cost for equipment 29 Profit 0.00 1800.00 0.00 0.00 500.00 Resource used Available 4000.00 4500.00 4000 4500 $80,345 $22,931 $2,800 $54,614 + Objective to maximize
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
tr msoheightsourceauto col msowidthsourceauto br msodataplacementsamecell style0 msonumberformatGeneral textaligngeneral verticalalignbottom whitespacenowrap msorotate0 msobackgroundsourceauto msopatt...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
Question Posted:
Students also viewed these Statistics questions
-
In the Great Threads model, we found an upper bound on production of any clothing type by calculating the amount that could be produced if all of the resources were devoted to this clothing type. a....
-
In the Great Threads model, we didnt constrain the production quantities in row 16 to be integers, arguing that any fractional values could be safely rounded to integers. See whether this is true....
-
How difficult is it to expand the Great Threads model to accommodate another type of clothing? Answer by assuming that the company can also produce sweatshirts. The rental cost for sweatshirt...
-
Paul Anchor, Incorporated estimated that bad debt expense would equal 4% of the ending balance of accounts receivable for the current year. This years ending balance of accounts receivable amounted...
-
Marketing has often been defined in terms of satisfying customers needs and wants. Critics, however, maintain that marketing does much more than that, and creates needs and wants that did not exist...
-
Using the data in teachers.dat use the sampling weights to find the empirical mass function of the number of hours worked. What is the design effect? Gnap (1995) conducted a survey to estimate the...
-
Why is leasing versus buying an unfair comparison?
-
Marion makes a promissory note payable to the order of Perry. Perry indorses the note by writing without recourse, Perry and transfers the note for value to Steven. Steven, in need of cash,...
-
1 Define Management? Explain its features, importance and nature? 2 Briefly explain about functions of management 3 Define leadership and explain leadership styles? 4 Briefly explain about decision...
-
Matching Acronyms Required Listed below are phrases with the appropriate acronym. Match the letter that goes with each definition. a. Generally accepted accounting principles ( GAAP ) b. Securities...
-
Referring to the previous problem, if it is optimal for the company to produce sweatshirts, use SolverTable to see how much larger the fixed cost of sweatshirt machinery would have to be before the...
-
In the optimal solution to the Great Threads model, the labor hour and cloth constraints are both bindingthe company is using all it has. a. Use SolverTable to see what happens to the optimal...
-
PA is the auditor of Jayhawk Inc. Jayhawks revenues and profitability have decreased in each of the past three years and, as of this year end, 20X3, its retained earnings will fall into a deficit...
-
The Daytona 500 features 40 race cars. Of the 40, 19 cars crashed. This is a 0.475 probability that a car will crash in the race. This is an example of what probability?
-
determine the future value of a present value of $37,500 at 2% annual interest compounded monthly for 17 years, and determine the amount of interest earned. The future value is and the interest...
-
A bond with a face value of 22,000 and a 5.55.5% interest rate (compounded semiannually) will mature in 20 years years. What is a fair price to pay for the bond today?
-
why are ethnographic methods such as participant-observation useful for doing research on food and culture?
-
Why do many scientists measure eye movement as a way of understanding cognition?
-
Vector Ltd. was incorporated on 1 st April 1990 for the purpose of taking over the business of Shanta stores as a going concern from 1 st January 1990. Purchase consideration will be paid on 31 st...
-
For the following exercises, write the polynomial function that models the given situation. Consider the same rectangle of the preceding problem. Squares of 2x by 2x units are cut out of each corner....
-
An article that appeared in a financial publication several years ago made a statement similar to the following: At the highest federal tax rates, interest from private sector investments are taxed...
-
Why might the BTROR on a tax-favored investment be higher than the BTROR on a fully-taxable investment even though implicit tax theory says that it should be lower?
-
We have discussed implicit taxes using tax-exempt bonds as an example, and we have mentioned capital gains assets as another case where implicit taxes might occur. Give one or two other specific tax...
-
Walmart is one of the largest retailers in the world, with over 11,000 stores in 27 countries. Walmart uses AI in a number of ways to optimize its supply chain and reduce costs, including: Predicting...
-
1. Let a 2, 3 = -1. Let u = V = following, or explain why it does not make sense. (a) au + v (b) av+Bw (c) vw and w = -5 . Compute each of the 2 (d) v.w u.v 2. Let a be a scalar. Let u = (u, u2) and...
-
If f(x) = x-9 and g(x) = x + 3x, complete parts (a) (f+g)(x)= 2x+3x-9 (Simplify your answer. Do not factor.) (b) (f-g)(x)=-9-3x (Simplify your answer. Do not factor.) 3 (c) (f-g) (Simplify your...
Pythonic Quant A Comprehensive Guide To Python In Finance 1st Edition - ISBN: B0CYF1XW8R - Free Book
Study smarter with the SolutionInn App