Question: Maximize Z = 1 2 x 1 + 1 8 x 2 + 1 5 x 3 where x 1 = the quantity of product
Maximize Z xxx where x the quantity of product to make, etc.Subject to: Machine x x x minutesLabor x x x hoursMaterials x x x poundsProduct x units x x x Are any constraints binding? If so which onesIf the profit on product were changed to $ a unit, what would the values of the decision variables be The objective function? Explain.If the profit on product were changed to $ a unit, what would the values of the decision variables be The objective function? Explain.If hours less of labor time were available, what would the values of the decision variables be The objective function? Explain.If the manager decided that as many as units of product could be produced instead of how much additional profit would be generated?If profit per unit on each product increased by $ would the optimal values of the decision variables change? Explain. What would the optimal value of the objective function be Consider this situation: A manager is contemplating making changes to a singleserver system that is expected to double the service rate, and still have just one server. a Would you intuitively think that doubling the service rate of a singleserver system would cut the average waiting time in line in half?b For the sake of analysis, suppose the current system has an arrival rate of customers per hour and a service rate of customers per hour. If the service rate is doubled, what impact will that have on the average number waiting in line?c What are some managerial implications of your analysis?
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