A paint supply company makes three styles of Paint Rollers, regular, deluxe and heavy. All of the
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- A paint supply company makes three styles of Paint Rollers, regular, deluxe and heavy. All of the types of brushes must pass through 3 machines. The different types of brushes have the following contributions to profit per case and require the following times (in hours) at each machine per case:
Model | Machine 1 | Machine 2 | Machine 3 | Profit Margin |
Regular | 3 | 2 | 3 | $20 |
Deluxe | 2 | 4 | 4 | 40 |
Heavy | 4 | 4 | 5 | 70 |
The company has 56 hours available for machine 1, 80 hours for machine 2 and 120 hours for machine 3. Assuming that the company is interested in maximizing the total profit contribution, write the linear programming model for this problem.
A payoff table is given as
s1 | s2 | s3 | |
d1 | 250 | 750 | 500 |
d2 | 300 | -250 | 1200 |
d3 | 500 | 500 | 600 |
What choice should be made by the optimistic decision maker?
What choice should be made by the conservative decision maker?
What decision should be made under minimax regret?
If the probabilities of d1, d2, and d3 are .2, .5, and .3, respectively, then what choice should be made under expected value?
Related Book For
Operations Management Processes And Supply Chains
ISBN: 9781292409863
13th Global Edition
Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman
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