Par, Inc., is a small manufacturer of golf equipment and supplies whose management has decided to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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. After a thorough investigation of the steps involved in manufacturing a golf bag, management determined that each golf bag produced will require the following operations: cutting and dyeing the material, sewing, finishing, and inspection and packaging. A mathematical model has been developed that shows the constraints of production, time, and cost. It can be used to determine the number of standard bags and the number of deluxe bags to produce in order to maximize total profit contribution. Let S = number of standard bags. Let D = number of deluxe bags. Max s.t. 105 + 9D 7 -S + 1D ≤ 630 10 1 2 -S+D ≤ 600 500 6 1S+ 30 -D ≤708 3 Cutting and Dyeing Sewing Finishing 1 1 S+D≤ 135 Inspection and Packaging 10 4 S, D≥ 0 Refer to the Par, Inc., problem described above and in Section 2.1. Suppose that Par, Inc., management encounters the following situations. Assuming that Par, Inc., encounters each of these situations separately, what is the optimal solution and the total profit contribution for each situation described? (a) The accounting department revises its estimate of the profit contribution for the deluxe bag to $18 per bag. The optimal solution occurs at (S, D) = (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 $9 value.) The optimal solution occurs at (S, D) = with a profit of $ The optimal solution occurs at (S, D) = with a profit of $ (c) New sewing equipment is available that would increase the sewing operation capacity to 775 hours. (Assume that 10A + 9B is the appropriate objective function.) with a profit of $ 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. After a thorough investigation of the steps involved in manufacturing a golf bag, management determined that each golf bag produced will require the following operations: cutting and dyeing the material, sewing, finishing, and inspection and packaging. A mathematical model has been developed that shows the constraints of production, time, and cost. It can be used to determine the number of standard bags and the number of deluxe bags to produce in order to maximize total profit contribution. Let S = number of standard bags. Let D = number of deluxe bags. Max s.t. 105 + 9D 7 -S + 1D ≤ 630 10 1 2 -S+D ≤ 600 500 6 1S+ 30 -D ≤708 3 Cutting and Dyeing Sewing Finishing 1 1 S+D≤ 135 Inspection and Packaging 10 4 S, D≥ 0 Refer to the Par, Inc., problem described above and in Section 2.1. Suppose that Par, Inc., management encounters the following situations. Assuming that Par, Inc., encounters each of these situations separately, what is the optimal solution and the total profit contribution for each situation described? (a) The accounting department revises its estimate of the profit contribution for the deluxe bag to $18 per bag. The optimal solution occurs at (S, D) = (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 $9 value.) The optimal solution occurs at (S, D) = with a profit of $ The optimal solution occurs at (S, D) = with a profit of $ (c) New sewing equipment is available that would increase the sewing operation capacity to 775 hours. (Assume that 10A + 9B is the appropriate objective function.) with a profit of $
Expert Answer:
Related Book For
Information Technology for Management Digital Strategies for Insight Action and Sustainable Performa
ISBN: 978-1118994290
10th edition
Authors: Efraim Turban, Carol Pollard, Gregory Wood
Posted Date:
Students also viewed these accounting questions
-
What are the top 10 GDP/capita countries in the world? Please find the latest numbers. How does Canada and the USA rank in terms of GDP/capita?
-
The following are the top 10 private equity deals of all time, in billions of dollars. 38.9, 32.7, 31.1, 27.4, 25.7, 21.6, 17.6, 17.4, 15.0, 13.9 Find the mean, median, and standard deviation. Draw a...
-
What are the top two strategic priorities of SCM executives?
-
ABC Client Preliminary Analytics - PBC Trial Balance December 31, 2019 Scope: Performance Materiality $210,000 and 10% 12/31/19 Balance 12/31/18 Account Class Balance Variance * Varlance Cash...
-
Use residues to find the Cauchy principal values of the integrals in Exercises x dx (x21(x + 2x 2)
-
Sukarno sells his business to Dan and, as part of the agreement, promises not to engage in a business of the same kind within thirty miles for three years. Competition within thirty miles would hurt...
-
In Problem 126, if Juan decided to wait 10 years before investing for retirement, how much would he have to invest on his thirty-sixth birthday to have the same account balance on his sixtieth...
-
On July 1, 2014, Dynamic Company purchased for cash 40 percent of the out-standing capital stock of Cart Company. Both Dynamic and Cart have a December 31 year- end. Cart, whose common stock is...
-
Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Year Investment 1 2 3 4 5 6 7 8 9 Cash Inflow $ 42,000 $ 3,000 $ 5,000 $ 6,000 $ 12,000 $...
-
Nielsen Media Research provides two measures of the television viewing audience: a television program rating, which is the percentage of households with televisions watching a program, and a...
-
A batch of 40 car batteries required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead for the year was $760,000 and estimated direct labor hours were...
-
Two identical positive charges exert a repul- sive force of 6.8 x 10-9 N when separated by a distance 3.9 x 101 m. Calculate the charge of each. The Coulomb constant is 8.98755 109 Nm/C. Answer in...
-
6 9 n Two blocks are positioned on surfaces, each inclined at the same angle of 45.3 degrees with respect to the horizontal. The blocks are connected by a rope which rests on a frictionless pulley at...
-
Ideal standards are developed under conditions that assume no idle time, no machine breakdowns, and no material spoilage. True False
-
Starting from rest, a 5.0 kg block slides 2.5 m down a rough 23.0 degree incline in 3.0 seconds. The acceleratin of gravity is 9.81 m/s 2. (a) Find the work done by the force of gravity (b) Find the...
-
An operating system serves as the bridge between making sure the resources required to function are allocated.
-
Question 4 Consider an investor with the following utility function; U(W) = 10 + VW 4.1 Plot the utility function, characterise the investor's attitude towards the level of wealth and then...
-
A horizontal annulus with inside and outside diameters of 8 and 10 cm, respectively, contains liquid water. The inside and outside surfaces are maintained at 40 and 20oC, respectively. Calculate the...
-
What are the tactical and strategic benefits of big data analytics?
-
Using online sources, research Facebooks Open Graph initiative. Make a list of pros and cons regarding these changes from the viewpoint of a Facebook user.
-
Do you think the consequences SnapChat faced as part of its settlement with the FT are harsh enough to deter false claims? Explain.
-
The figure below illustrates a thin plate of thickness \(t\). An approximate displacement field, which accounts for displacements due to the weight of the plate, is given by a. Determine the...
-
The stress matrix at a particular point in a body is Determine the corresponding strain if \(E=20 \times 10^{10} \mathrm{~Pa}\) and \(v=0.3\). -2 1-3 [0] = 104 -345 107 Pa.
-
For a plane stress problem, the strain components in the xyplane at a point \(P\) are computed as: a. Compute the state of stress at this point if Young's modulus \(E=2 \times 10^{11} \mathrm{~Pa}\)...
Study smarter with the SolutionInn App