Company makes handwoven carpets while estimating demands for next six months as 600, 400, 500, 800,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Company makes handwoven carpets while estimating demands for next six months as 600, 400, 500, 800, 700, and 300 respectively. Company has 20 workers, each of whom makes 20 carpets per month (e.g., if company has 10 workers in a specific month, then they will produce 10 x 20 = 200 carpets) and gets a monthly salary of $2,000 (i.e., regular pay for making one carpet is $100). Also, company has no initial inventory of carpets. To address the fluctuation of demand, company considers the following ways: • Overtime: Overtime pay is 80% more than regular pay, and also, workers can put in at most 30% overtime, i.e., each employee can makes at most 6 carpets via overtime per month. • Hiring and Firing: Company can hire and fire workers every month, but these cost $320 and $400, respectively. • Inventory: Company chooses to store surplus as inventory, and in this case, holding one carpet for one month costs $8. Given this context, formulate a linear programming to minimize the company's total cost to meet all the estimated demand for following six months. Company makes handwoven carpets while estimating demands for next six months as 600, 400, 500, 800, 700, and 300 respectively. Company has 20 workers, each of whom makes 20 carpets per month (e.g., if company has 10 workers in a specific month, then they will produce 10 x 20 = 200 carpets) and gets a monthly salary of $2,000 (i.e., regular pay for making one carpet is $100). Also, company has no initial inventory of carpets. To address the fluctuation of demand, company considers the following ways: • Overtime: Overtime pay is 80% more than regular pay, and also, workers can put in at most 30% overtime, i.e., each employee can makes at most 6 carpets via overtime per month. • Hiring and Firing: Company can hire and fire workers every month, but these cost $320 and $400, respectively. • Inventory: Company chooses to store surplus as inventory, and in this case, holding one carpet for one month costs $8. Given this context, formulate a linear programming to minimize the company's total cost to meet all the estimated demand for following six months.
Expert Answer:
Answer rating: 100% (QA)
Bues formulaton as a OPP A owcial step is defining the Vasuable Soln tet wi number of workens dusing ... View the full answer
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
Posted Date:
Students also viewed these general management questions
-
The Interstate Carpet Discount Store has annual demand of 10,000 yards of Super Shag carpet. The annual carrying cost for a yard of this carpet is $1.25, and the ordering cost is $300. The carpet...
-
If 500 g of brass at 200C and 300 g of steel at 150C are added to 900 g of water in an aluminum pan of mass 150 g both at 20.0C, find the final temperature, assuming no loss of heat to the...
-
The I-75 Carpet Discount Store has an annual demand of 10,000 yards of Super Shag carpet. The annual carrying cost for a yard of this carpet is $0.75, and the ordering cost is $150. The carpet...
-
Draw a UML Sequence Diagram for the process involved in paying a vendor for an item in cash. The process to follow is below. [15 points] a) Go to the bank b) Request your account balance c) The bank...
-
Suppose the personal income tax was replaced with a national sales tax. How would this affect aggregate supply, aggregate demand and interest rates?
-
A physician attending to a dehydrated patient ordered that the patient be given intravenous normal saline. The recipe for normal saline solution is to weigh 180 g of very pure NaCl into a container...
-
A viscous fluid is poured onto a horizontal plate as shown in Fig. P7.27. Assume that the time, \(t\), required for the fluid to flow a certain distance, \(d\), along the plate is a function of the...
-
On August 1, 20Y9, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August: a. Opened a business bank account with a deposit of $35,000 in...
-
1. Identify a specific business that uses Artificial Intelligence and Robotics. 2. Why did you select this organization for your research project? 3. Identify three major issues for the use of...
-
An insurance company will insure a $ 50,000 diamond for its full value against theft at a premium of $ 400 per year. Suppose that the probability that the diamond will be stolen is .005, and let x...
-
Solve the compound inequality. -3u < 15 and 4u+52-19 -3u
-
A mass is oscillating on a spring with a period of 2 . 6 0 s . At t = 0 the mass has zero speed and is at 5 . 6 5 cm . What is the magnitude of the acceleration ( in m / s 2 ) at 1 . 3 4 s ?
-
A race car rounds a curve at 6 0 m / s . The radius of the curve is 4 0 0 m , and the car's mass is 6 0 0 kg . ( a ) What is the centripetal acceleration of the car? ( b ) What is the centripetal...
-
During a 4 2 0 - day period of record, earthquakes of magnitude 6 occurred 2 0 times. The return period is calculated as _ _ _ _ _ _ days. Group of answer choices 2 0 - : 6 4 2 0 - : 6 4 2 0 - : 1 6...
-
Everything with a temperature above absolute zero glows with some kind of light. Give the peak wavelengths, \ lambda peak ( referred to in your textbook as \ lambda max ) , for that light emitted by...
-
Calculate the depth of the ocean if the sound waves from the vessel takes 9 seconds to return to the vessel? a) 13,500 m/s b) 27,000 m/s c) 6,750 m/s d) 4,250 m/s 4
-
Two charged particles are positioned in the xy plane. Q1= 5.46 nC charge is located at (0.00, 5.63) m, Q2 = -6.8 nC charge is located (0.00, 0.00) m. a) What is the vector electric field at Point P...
-
suppose a nickel-contaminated soil 15 cm deep contained 800 mg/kg Ni, Vegetation was planted to remove the nickel by phytoremediation. The above-ground plant parts average 1% Ni on a dry-weight bas...
-
Sorocaba Co. had the following transactions during the current period. June 12 Issued 60,000 shares of $1 par value ordinary shares for cash of $375,000. July 11 Issued 1,000 shares of $100 par value...
-
DeSousa Company dishonors a note at maturity. What are the options available to the lender?
-
An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Molina ManufacturingCompany. MOLINA MANUFACTURING COMPANY Cost of Goods...
-
(a) Among 880 smart phones sold by a retailer, 72 required repairs under the warranty. Estimate the probability that a new phone, which has just been sold, will require repairs under the warranty....
-
A car rental agency has 19 compact cars and 12 intermediate-size cars. If four of the cars are randomly selected for a safety check, what is the probability of getting two of each kind?
-
With reference to Exercise 3.34, suppose that the questionnaire filled in by one of the 150 persons is to be double-checked. If it is chosen in such a way that each questionnaire has a probability of...
Study smarter with the SolutionInn App