Question: 9 . this is a ( fixed requirements, resource allocation, mixed, cost benefit trade off ) problem with fixed requirements constraints. the measure of performance
this is a fixed requirements, resource allocation, mixed, cost benefit trade offproblem with fixed requirements constraints. the measure of performance is cost revenue, number of workers, profit which we are trying to minimize, maximize Use the following prompt for questions The Weigelt Corporation has three branch plants with excess production capacity. Fortunately, the corporation has a new product ready to begin production, and all three plants have this capability, so some of the excess capacity can be used in this way. This product can be made in three sizeslarge, medium, and small that yield a net unit profit of $ $ and $ respectively. Plants and have the excess capacity to produce and units per day of this product, respectively, regardless of the size or combination of sizes involved. The amount of available inprocess storage space also imposes a limitation on the production rates of the new product. Plants and have and square feet, respectively, of inprocess storage space available for a day's production of this product. Each unit of the large, medium, and small sizes produced per day requires and square feet, respectively. Sales forecasts indicate that if available, and units of the large, medium, and small sizes, respectively, would be sold per day At each plant, some employees will need to be laid off unless most of the plant's excess production capacity can be used to produce the new product. To avoid layoffs if possible, management has decided that the plants should use the same percentage of theirexcess capacity to produce the new product. Management wishes to know how much of each of the sizes should be produced by each of the plants to maximize profit. This is a choose your answer... problem, with type your answer... resource constraints, type your answer... benefit constraints, and type your answer... fixedrequirement constraints. The measure of performance is choose your answer... which we are trying to choose your answer...
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