Old MathJax webview

Old MathJax webview

it's only a b and c

d. Are any of the Refer to the Par, Inc. problem described in Section 2.1. Suppose that Par, Inc., management encounters the following situations: a. The accounting department revises its estimate of the profit contribution for the deluxe bag to $18 per bag b. A new low-cost material is available for the standard bag, and the profit contribution per standard bag can be increased to $20 per bag. (Assume that the profit contribution of the deluxe bag is the original S9 value) c. New sewing equipment is available that would increase the sewing operation capacity to 750 hours. (Assume that 10A + 9B is the appropriate objective function.) menniemi serarately, what is the optimal solution and the of every linear programming problem. 1 A SIMPLE MAXIMIZATION PROBLEM Par, Inc., is a small manufacturer of golf equipment and supplies whose management has decided to move into the market for medium- and high-priced golf bags. Par, Inc.'s distribu- tor is enthusiastic about the new product line and has agreed to buy all the golf bags Par, Inc., produces over the next three months. After a thorough investigation of the steps involved in manufacturing a golf bag, manage- ment determined that each golf bag produced will require the following operations: 1. Cutting and dyeing the material 2. Sewing 3. Finishing (inserting umbrella holder, club separators, etc.) 4. Inspection and packaging The director of manufacturing analyzed each of the operations and concluded that if the company produces a medium-priced standard model, each bag will require to hour in the cutting and dyeing department, 1/2 hour in the sewing department, 1 hour in the finishing depart- ment, and 710 hour in the inspection and packaging department. The more expensive deluxe model will require 1 hour for cutting and dyeing, 76 hour for sewing, %s hour for finishing, and 1/4 hour for inspection and packaging. This production information is summarized in Table 2.1. Par, Inc.'s production is constrained by a limited number of hours available in each department. After studying departmental workload projections, the director of manufactur- ing estimates that 630 hours for cutting and dyeing, 600 hours for sewing, 708 hours for finishing, and 135 hours for inspection and packaging will be available for the production of golf bags during the next three months. The accounting department analyzed the production data, assigned all relevant variable costs, and arrived at prices for both bags that will result in a profit contribution of S10 for every standard bag and $9 for every deluxe bag produced. Let us now develop a mathematical model of the Par, Inc., problem that can be used to determine the number of standard hugs and the number of deluxe bags to produce in order to maximize total profit contribution imiz and must be vingar Problem Formulation Problem formulation, or modeling, is the process of translating the verbal statement of a problem into a mathematical statement. Formulating models is an art that can only be per bag From an accounting perspective profit contribution is more correctly described as the example, overhead and other shared costs have not been allocad