ECONOMICS 0101 - Input the numbers in the beige cells
Question # 00506259
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Updated on: 03/31/2017 04:56 AM Due on: 03/31/2017
Problem 7-14 Input the numbers in the beige cells
Write formulas to compute values (e.g. profit, resoure utilization) in blue cells Solution
AC
Maximize
WIRING TIME
DRILLING TIME FAN Total
0
0 <=
0 <= RHS problem 7-14 The Electorcomp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling,
Each air conditioner takes 3 hours of wiring and 2 hours of drilling, Each fan must go through 2 hours of wiring and 1 hour
Each air conditioner sold yields a profit or $25. Each fan assembled may be sold for a $10 profit.
Formulate and solve this LP production mix situation to find the best combination of air conditioners and fans that yields th in blue cells and large fans. 2 hours of wiring and 1 hour of drilling, During the next production period, 240 hours of wiring time are available and up to 140 hours of itioners and fans that yields the highest profit. Use the corner point graphical approach ble and up to 140 hours of drilling time may be used.
Write formulas to compute values (e.g. profit, resoure utilization) in blue cells Solution
AC
Maximize
WIRING TIME
DRILLING TIME FAN Total
0
0 <=
0 <= RHS problem 7-14 The Electorcomp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling,
Each air conditioner takes 3 hours of wiring and 2 hours of drilling, Each fan must go through 2 hours of wiring and 1 hour
Each air conditioner sold yields a profit or $25. Each fan assembled may be sold for a $10 profit.
Formulate and solve this LP production mix situation to find the best combination of air conditioners and fans that yields th in blue cells and large fans. 2 hours of wiring and 1 hour of drilling, During the next production period, 240 hours of wiring time are available and up to 140 hours of itioners and fans that yields the highest profit. Use the corner point graphical approach ble and up to 140 hours of drilling time may be used.
Problem 7-15 Input the numbers in the beige cells
Write formulas to compute values (e.g. profit, resoure utilization) in blue cells Solution
AC
Maximize
WIRING TIME
DRILLING TIME
AC Demand
Fan Demand FAN Total
0
0 <=
0 <=
0 >=
0 <= RHS Problem 7-15
Electrocomp's management realizes that it forgot to include two critical constraints (see Problem 7-14).
In particular, management decides that there should be a minimum number of air conditioners produced in order to
fulfill a contract. Also, due to the oversupply of fans in the preceding periods, a limit should be placed on the total number o
(a) If Electrocomp decides that at least 20 air conditioners should be produced but no more than 80 fans should be produc
How much slack is there for each of the four constraints?
(b) If Electrocomp decides that at least 30 air conditioners should be produced but no more than 50 fans should be produc
How much slack is there for each of the four constraints at the optimal solution? in blue cells s produced in order to
e placed on the total number of fans produced.
han 80 fans should be produced, what would be the optimal solution? han 50 fans should be produced, what would be the optimal solution?
Write formulas to compute values (e.g. profit, resoure utilization) in blue cells Solution
AC
Maximize
WIRING TIME
DRILLING TIME
AC Demand
Fan Demand FAN Total
0
0 <=
0 <=
0 >=
0 <= RHS Problem 7-15
Electrocomp's management realizes that it forgot to include two critical constraints (see Problem 7-14).
In particular, management decides that there should be a minimum number of air conditioners produced in order to
fulfill a contract. Also, due to the oversupply of fans in the preceding periods, a limit should be placed on the total number o
(a) If Electrocomp decides that at least 20 air conditioners should be produced but no more than 80 fans should be produc
How much slack is there for each of the four constraints?
(b) If Electrocomp decides that at least 30 air conditioners should be produced but no more than 50 fans should be produc
How much slack is there for each of the four constraints at the optimal solution? in blue cells s produced in order to
e placed on the total number of fans produced.
han 80 fans should be produced, what would be the optimal solution? han 50 fans should be produced, what would be the optimal solution?
Problem 7-18 Input the numbers in the beige cells
Write formulas to compute values (e.g. profit, resoure utilization) in blue cells Solution
U
Maximize
Undergrad
Grad
Total G Total
0
0 >=
0 >=
0 >= RHS Problem 7-18
7-18 The dean of the Western College of Business must plan the school’s course offerings for the fall semester.Student de
Faculty contracts also dictate that at least60 courses be offered in total. Each under graduate course taught costs the colle
How many undergraduate and graduate courses should be taught in the fall so that total faculty salaries are kept to a mini in blue cells or the fall semester.Student demands make it necessary to offer at least 30 undergraduate and 20 graduate courses in the term.
e course taught costs the college an average of $2,500 in faculty wages, and each graduate course costs $3,000.
ulty salaries are kept to a minimum? ourses in the term.
Write formulas to compute values (e.g. profit, resoure utilization) in blue cells Solution
U
Maximize
Undergrad
Grad
Total G Total
0
0 >=
0 >=
0 >= RHS Problem 7-18
7-18 The dean of the Western College of Business must plan the school’s course offerings for the fall semester.Student de
Faculty contracts also dictate that at least60 courses be offered in total. Each under graduate course taught costs the colle
How many undergraduate and graduate courses should be taught in the fall so that total faculty salaries are kept to a mini in blue cells or the fall semester.Student demands make it necessary to offer at least 30 undergraduate and 20 graduate courses in the term.
e course taught costs the college an average of $2,500 in faculty wages, and each graduate course costs $3,000.
ulty salaries are kept to a minimum? ourses in the term.
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Solution: ECONOMICS 0101 - Input the numbers in the beige cells