Question

A manufacturing company produces two products, which has the following information: Characteristic Product 1 Product 2...

  1. A manufacturing company produces two products, which has the following information:

Characteristic

Product 1

Product 2

Profit/unit

$4

$2

Dept. A hours/unit

1

1

Dept. B hours/unit

2

4


Last month’s production schedule used 400 hours of labor in department A and 950 hours of labor in department B.

The management has been experiencing problems during the past six months because of variable monthly department workload amounts.

Management would like to develop a production schedule for the coming month that will achieve the following goals:

Goal 1: Use a maximum of 400 hours of labor in department A.

Goal 2: Use a maximum of 950 hours of labor in department B.

Goal 3: Earn a profit of at least $1600.

  1. Formulate a goal programming model for this problem, assuming that goal 1 is priority 1 and goal 2 is a priority 2 goal. Goal 3 is a priority 3 goal. Make sure your answers are integers.
  2. Solve the model formulated in part (a)

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A company manufactures Products A, B, and C. Each product is processed in three departments: I,...
A company manufactures Products A, B, and C. Each product is processed in three departments: I, II, and III. The total available labor-hours per week for Departments I, II, and III are 900, 1080, and 840, respectively. The time requirements (in hours per unit) and profit per unit for each product are as follows. (For example, to make 1 unit of product A requires 2 hours of work from Dept. I, 3 hours of work from Dept. II, and 2...
G. Kunz and Sons, Inc., manufactures two products used in the heavy equipment industry. Both products...
G. Kunz and Sons, Inc., manufactures two products used in the heavy equipment industry. Both products require manufacturing operations in two departments. (Product 1 Product 2 Profit/unit $20 $25) (Dept. A hrs 6 8)( Dept. B hrs 12 10) For the coming production period, Kunz has available up to 900 hours of labor that can be allocated to either of the two departments. Find the production plan and labor allocation (exact hours assigned in each department) that will maximize the...
CyclePath Company produces two different products that have the following price and cost characteristics: Bicycle Tricycle...
CyclePath Company produces two different products that have the following price and cost characteristics: Bicycle Tricycle Selling price per unit 100 400 Variable cost per unit 40 240 Management believes that pushing sales of the Bicycle product would maximize company profits because of the high contribution margin per unit for this product. However, only 50,000 labor hours are available each year, and the Bicycle product requires 4 labor hours per unit while the Tricycle model requires 2 labor hours per...
1. A firm produces four products: Each unit of product 1 requires two hours of assembly,...
1. A firm produces four products: Each unit of product 1 requires two hours of assembly, one hour of painting and $50 of inventory, Each unit of product 2 requires one hour of assembly, three hours of painting and $75 of inventory, Each unit of product 3 requires 2.5 hours of assembly, 2.5 hours of painting and $20 of inventory, Each unit of product 4 requires 5 hours of assembly no painting and $100 of inventory. The firm has 140...
A company produces and sells three products. Product 1 Product 2 Product 3 Selling price per...
A company produces and sells three products. Product 1 Product 2 Product 3 Selling price per unit $100 $200 $150 Contribution Margin per Unit $20 $80 $60 Direct labor hours per unit 2 6 4 What is the maximum total monthly contribution margin that the company can earn if it has only 1000 direct labor hours per month and monthly demand for each product is unlimited?  (Round to the nearest dollar.)
QDM Question 5 (17 marks): A company is attempting to decide the mix of products which...
QDM Question 5 : A company is attempting to decide the mix of products which it should produce next week. It has six products, each with a unit profit (unit profit =selling price –variable cost per unit) and a unit production time as shown below: Product Profit ($/unit) Production time (hours/unit) 1 10 1 2 22 2 3 35 1.7 4 19 2.4 5 55 4.5 6 115 9.5 The company has 720 hours available next week. The company has...
Ficcus Inc. manufactures two types of products, the Gx and the Tx models. The company operates...
Ficcus Inc. manufactures two types of products, the Gx and the Tx models. The company operates five days per week and makes a net profit of $125 on the Gx model, and $175 on the Tx model. The models are manufactured in two main departments: production and assembly. The production department has 58 skilled workers, each of whom works 7 hours per day. The assembly department has 25 workers, who also work a 7-hour shift. On an average, to produce...
Way Cool produces two different models of air conditioners. The company produces the mechanical systems in...
Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. Process Activity Overhead Cost Driver Quantity Components Changeover $ 500,000 Number of batches 800 Machining 279,000 Machine hours 6,000 Setups 225,000 Number of setups 120 $ 1,004,000 Finishing Welding $ 180,300...
Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single...
Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. The following table presents information about estimated overhead and direct labor hours. Overhead Direct Labor Hours (dlh) Product A B Painting Dept. $529,209 12,700 dlh 15 dlh 2 dlh Finishing Dept. 69,864 8,200 5 18     Totals $599,073 20,900 dlh 20 dlh...
Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single...
Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. The following table presents information about estimated overhead and direct labor hours. Overhead Direct Labor Hours (dlh) Product A B Painting Dept. $272,300 8,900 dlh 14 dlh 2 dlh Finishing Dept. 74,100 8,300 5 18 Totals $346,400 17,200 dlh 19 dlh...