Question: Assignment 10 Answer all questions. Show all your work to earn credit. For following problems, formulate Linear Programs clearly describing variables, objective function, and constraints.

Assignment 10 Answer all questions. Show all your
Assignment 10 Answer all questions. Show all your work to earn credit. For following problems, formulate Linear Programs clearly describing variables, objective function, and constraints. Decision variables must be defined clearly. Objective function must be a mathematical expression. Constraints must be mathematical expressions. Solve the problems using Excel Solver or LP Solve. Show all your work by providing screen captures of the solutions to earn credit. Each problem is 25 points. 1. A manager must decide on the mix of products to produce for the coming week. Product A requires three minutes per unit for molding, two minutes per unit for painting, and one minute for packing. Product B requires two minutes per unit for molding, four minutes for painting, and three minutes per unit for packing. There will be 600 minutes available for molding, 600 minutes for painting, and 420 minutes for packing. Both products have contributions of $1.50 per unit. a. What are decision variables? What is the objective function for this problem? b. What are the constraints? C. Solve the problem using Excel Solver or LP Solve. What is the optimal solution? d. How much profit the manufacturer earns with optimal production quantities

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!