Question: Question 2: 15 marks Refer to the Gulf Golf Problem described in the Lecture sessions, suppose that mcv xzanagement encounters each of the following situations:
Question 2: 15 marks
Refer to the Gulf Golf Problem described in the Lecture sessions, suppose that mcv xzanagement encounters each of the following situations:
- The accounting department revises its estimate of the profit contribution for the deluxe bag to $18 per bag
- A new low-cost material is available for the standard bag(S), and the profit contribution per standard bag can be increased to $20 per bag. (Assume the profit contribution of the deluxe bag(D) is the original $9 value)
- New sewing equipment is available that would increase the sewing operation capacity to 750 hours (Assume 10S + 9D is the appropriate objective functions)
If each of these conditions is encountered separately, what are the optimal solution and the total profit contribution for each situation?
(maximum 500 words)
| Part 2-Outcomes-1 mark | Marks | Page Number |
| Problem statement | 1 |
|
| Data Points, constraints type and objectives | 4 |
|
| Analytical equations with condition forms | 4 |
|
| Co-ordinates for graphs, Graphical representation, Feasible region hatching | 4 |
|
| Final number for standard and deluxe bag and discussion | 2 |
|
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