Question

In: Statistics and Probability

Punk and Pawn manufactures hockey sticks and chess sets. Each hockey stick yields a profit of...

Punk and Pawn manufactures hockey sticks and chess sets. Each hockey stick yields a profit of $2, and each chess set yields $4 profit.A hockey stick requires 4 hours of processing at Machine Center A and 2 hours at Machine Center B.Each chess set requires 6 hours at machine center A and 6 hour at machine center B, and 1 hour at Machine Center C.Machine center A has a maximum of 120 hours of available capacity per day;Machine Center B has 72 hour capacity per day; and Machine Center C has 10 hours capacity per day.The manufacturer seeks to maximize daily profits.Clearly state yourdecision variables and formulate a linear program that maximizes profit for the company

Solutions

Expert Solution

Let H be denoted as number of hockey stcicks and C be denoted as number of Chess sets

Here objective is to maximize profit.

The profit for each hockey stick is $2, and

The profit for each Chess set is $4

Therefore the Objective function is

Maximize Z = 2H+4C

Now the constraints will be

For Machine Center A , we have maximum 120 hours, and the processing time for each hockey is 4 hrs and the processing time for each chess set is 6 hrs.

Therefore , the constraint for Machine Center A

For Machine Center B, the maximum capacity is 72 hours per day. And the processing time for each hockey is 2hrs and the processing time for each chess set is 6 hrs.

Therefore , the constraint for Machine Center B is

For Machine C, the maximum capacity per day is 10 hours, and only chess sets requires processing time on Machine C of 1hour.

Therefore , the constraint for Machine Center 1C

Since the number of hockey sticks and chess set cannot be less than zero, we have the constraint

therefore the LPP is

Obj. function Maximize Z = 2H+4C

Subject to


Related Solutions

The breaking strength of hockey stick shafts made of two different graphite-kevlar composites yields the following...
The breaking strength of hockey stick shafts made of two different graphite-kevlar composites yields the following results (in Newtons): Composite 1: 479 505.3 471.1 488.6 467.2 483.4 491.1 481.2 480.7 484.5 470.9 480 472.6 485.4 469.1 482.2 478.2 490.7 468.1 (Note: The average and the standard deviation of the data are respectively 480.5 Newtons and 9.6 Newtons.) Composite 2: 506 521 474.4 496.6 517.5 506.3 511.3 486.9 499.3 466.4 507.3 527 (Note: The average and the standard deviation of the...
The breaking strength of hockey stick shafts made of two different graphite-kevlar composites yields the following...
The breaking strength of hockey stick shafts made of two different graphite-kevlar composites yields the following results (in Newtons): Composite 1: 482.8 469.6 441.6 460.6 478.2 456.1 480.4 496.5 493.7 473.2 467.6 453.3 453.2 (Note: The average and the standard deviation of the data are respectively 469.8 Newtons and 16.5 Newtons.) Composite 2: 495.4 489.2 513 498.6 482 484 504.6 492 491.6 495 509.5 475.8 484.2 523.5 483.8 474.1 493 510.7 (Note: The average and the standard deviation of the...
A product, sold seasonably, yields a net profit of b dollars for each unit sold and...
A product, sold seasonably, yields a net profit of b dollars for each unit sold and a net loss of l dollars for each unit left unsold when the season ends. The number of units of the product that are ordered at a specific department store during any season is a random variable having probability mass function p(i), i ≥ 0. If s is the total number of units stocked, find the expected profit for this product as a function...
Sleep Master, Inc. manufactures bedding sets. The budgeted production is for 57,000 comforters in 2017. Each...
Sleep Master, Inc. manufactures bedding sets. The budgeted production is for 57,000 comforters in 2017. Each comforter requires 6 yards of material. The estimated January 1, 2017, beginning inventory is 31,000 yards. The desired ending balance is 27,000 yards of material. If the material costs $1.50 per yard, determine the materials budget for 2017.
Breakeven, Target Profit, Margin of Safety Vines and Daughter manufactures and sells swimsuits for $40 each....
Breakeven, Target Profit, Margin of Safety Vines and Daughter manufactures and sells swimsuits for $40 each. The estimated income statement for 2017 is as follows: Sales $2,000,000 Variable costs 1,100,000 Contribution margin 900,000 Fixed costs 765,000 Pretax earnings $  135,000 REQUIRED A.   Compute the contribution margin per swimsuit and the number of swimsuits that must be sold to break even. B.   What is the margin of safety in the number of swimsuits? C.   Suppose the margin of safety was 5,000...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT