Jack Manufacturing Company produces engines. The contract that it has signed with a large truck manufacturer...

 

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Jack Manufacturing Company produces engines. The contract that it has signed with a large truck manufacturer calls for the following 3 month shipping schedule. Month Number of Engines to be shipped January 4000 February 2000 March 5000 Jack Manufacturing Company can manufacture 3000 engines per month. Its production cost is $1500 per engine. Its monthly inventory holding cost is $50. Today is January 1st. The company likes to find out the production plan to minimize its total cost from January to March. Which can not be a decision variable in this problem? O a. Unit production cost O b. Number of engines to produce in January O c. Number of inventory carry over from February to March O d. Total inventory holding cost for March Which can not be one of the constraints in this problem? O a. Total Cost b. Balance constraint for each month O c. Manufacturing capacity in January O d. Budget Constraint Which problem can be formulated as LP? O a. Inventory problem with at least one parameters that are random O b. Problem consists of non-linear constraints which can be transformed to linear functions O c. Advertisement placement problem with non-linear return d. Objective function with diminishing return in scale Jack Manufacturing Company produces engines. The contract that it has signed with a large truck manufacturer calls for the following 3 month shipping schedule. Month Number of Engines to be shipped January 4000 February 2000 March 5000 Jack Manufacturing Company can manufacture 3000 engines per month. Its production cost is $1500 per engine. Its monthly inventory holding cost is $50. Today is January 1st. The company likes to find out the production plan to minimize its total cost from January to March. Which can not be a decision variable in this problem? O a. Unit production cost O b. Number of engines to produce in January O c. Number of inventory carry over from February to March O d. Total inventory holding cost for March Which can not be one of the constraints in this problem? O a. Total Cost b. Balance constraint for each month O c. Manufacturing capacity in January O d. Budget Constraint Which problem can be formulated as LP? O a. Inventory problem with at least one parameters that are random O b. Problem consists of non-linear constraints which can be transformed to linear functions O c. Advertisement placement problem with non-linear return d. Objective function with diminishing return in scale

Answer rating: 100% (QA)

1 A correct answer is an option A The unit cost of production is the total amount of ... View the full answer