Question: It's a chain question all under 1 major question please don't attempt if you can't answer everything else I will give you a poor rating.

It's a chain question all under 1 major questionIt's a chain question all under 1 major question

It's a chain question all under 1 major question

please don't attempt if you can't answer everything

else I will give you a poor rating. thank you

Question 4 A company manufactures two models of a product, which we call the regular model and the enhanced model. Two resources, A and B, are needed for the manufacturing of units of this product; and the detailed resource requirements are given in the following table 3 Regular Model Enhanced Model Resource A 3 Resource B 2 This means, for example, 3 units of Resource A and 2 units of Resource B are consumed in the manufacturing of each unit of the regular model. The resources could represent hours of labor, amounts of raw material, available electrical power, and so on. Suppose further that the company has 650 units of Resource A and 500 units of Resource B available per week, and that the net profits for selling units of the regular model and the enhanced model are given respectively as GHC 5 and GHC 7 per unit. 6 a) The question of interest is that; the company wants to know the optimal weekly production levels for these two models? 1. Establish the decision variables for this problem ii. Formulate a linear programming model for this problem. Major Topic Blooms Score b) The model was solved using solver and part of the results is provided in the Table 1 below. Use it to answer the questions that follow (1) What is the optimal solution for the manufacturing company? (ii) Determine the total profit that the company makes? Major Topic Score Blooms Designation EV LP: Computer solution 6 c) (i) Which resource is not fully utilized? Justify your answer. (ii) Which resource constraint(s) are binding? Give a reason. Major Topic Score Blooms Designation AN LP: Sensitivity Analysis 7 d) i. If management could obtain additional resources, which one would be of most value to them and why? ii. Why does the reduced cost column of Enhance Model (Enh M) contain zeros

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!