Question
In: Operations Management
Par, Inc., produces a standard golf bag and a deluxe golf bag on a weekly basis....
Par, Inc., produces a standard golf bag and a deluxe golf bag on a weekly basis. Each golf bag requires time for cutting and dyeing and time for sewing and finishing, as shown in the following table:
|
Hours Required per Bag |
||
|
Product |
Cutting and Dyeing |
Sewing and Finishing |
|
Standard Bag |
1/22 |
11 |
|
Deluxe Bag |
11 |
2/33 |
The profits per bag and weekly hours available for cutting and dyeing and for sewing and finishing are as follows:
|
Product |
Profit per Unit ($) |
|
Standard Bag |
$ 5$5 |
|
Deluxe Bag |
$ 8$8 |
|
Activity |
Weekly Hours Available |
|
Cutting and Dyeing |
300300 |
|
Sewing and Finishing |
360360 |
Par Inc., will sell whatever quantities it produces of these two products.
a) Find the mix of standard and deluxe golf bags to produce per week that maximizes weekly profit from these activities.
b) What is the value of the profit?
Solutions
Expert Solution
Below is the screenshot of the LP table -
Below is the screenshot of the formula applied -
Below is the screenshot of the solver -
Below is the screenshot of the result -
Standard Bag - 240
Deluxe Bag - 180
Profit = 2640
keosha answered 3 months agoRelated Solutions
Par, Inc., produces a standard golf bag and a deluxe golf bag on a weekly basis....
Par, Inc., produces a standard golf bag and a deluxe golf bag on
a weekly basis. Each golf bag requires time for cutting and dyeing
and time for sewing and finishing, as shown in the following
table:
Hours Required per Bag
Product
Cutting and Dyeing
Sewing and Finishing
Standard Bag
1/22
11
Deluxe Bag
11
2/33
The profits per bag and weekly hours available for cutting and
dyeing and for sewing and finishing are as follows:
Product
Profit per Unit...
Let PSand PDrepresent the prices charged for each standard golf bag and deluxe golf bag respectively....
Let PSand PDrepresent the prices charged
for each standard golf bag and deluxe golf bag respectively. Assume
that “S” and “D” are demands for standard and deluxe bags
respectively.
S = 2250 –
15PS (8.1)
D = 1500 –
5PD (8.2)
Revenue generated from the sale of S number of standard bags is
PS*S. Cost per unit production is $70 and the cost for
producing S number of standard bags is 70*S.
So the profit for producing and selling S number of...
Let PSand PDrepresent the prices charged for each standard golf bag and deluxe golf bag respectively....
Let PSand PDrepresent the prices charged
for each standard golf bag and deluxe golf bag respectively. Assume
that “S” and “D” are demands for standard and deluxe bags
respectively.
S = 2250 –
15PS (8.1)
D = 1500 –
5PD (8.2)
Revenue generated from the sale of S number of standard bags is
PS*S. Cost per unit production is $70 and the cost for
producing S number of standard bags is 70*S.
So the profit for producing and selling S number of...
Par Inc. is a small manufacturer of golf equipment. It produces two types of golf bags:...
Par Inc. is a small manufacturer of golf equipment. It produces
two types of golf bags: Standard and Deluxe. Each bag type requires
the following operations (and production times) to produce one
unit:
Production Time (hours)
Time Available
Operation
Standard
Deluxe
(hours/month)
Cutting and Dyeing
0.7
1
630
Sewing
0.5
5/6
600
Finishing
1
2/3
708
Inspection
0.1
0.25
135
Time available refers to the production capacity for each of the
above operations. For example, 630 total hours a month...
Dunphy Inc. produces three models of a certain product: Standard, Deluxe, and Super. Relevant data: Standard...
Dunphy Inc.
produces three models of a certain product: Standard, Deluxe, and
Super. Relevant data:
Standard
Deluxe
Super
Sales in units
12,000
5,000
3,000
Price per unit
85
120
166
Variable cost per unit
34
45
84
Fixed costs are $1,000,000.
a)
Compute Dunphy's breakeven point in sales dollars
with the current sales mix.
b)
Compute Dunphy's current margin of safety.
c)
What is forecast net income at sales of $2,400,000
given the current sales mix?
d)
Marketing Department has...
Dillon Inc. produces three models of a certain product: Standard, Deluxe, and Super. Relevant data: Standard...
Dillon Inc.
produces three models of a certain product: Standard, Deluxe, and
Super. Relevant data:
Standard
Deluxe
Super
Sales in units
12,000
5,000
3,000
Price per unit
85
120
166
Variable cost per unit
34
45
84
Fixed costs are $1,000,000.
a)
Compute Dillon Inc. breakeven point in sales
dollars with the current sales mix.
b)
Compute Dillon Inc. current margin of safety.
c)
What is forecast net income at sales of $2,400,000
given the current sales mix?
d)
Marketing...
Sales and Production Budgets Berring Company produces two products: the deluxe and the standard. The deluxe...
Sales and Production Budgets
Berring Company produces two products: the deluxe and the
standard. The deluxe sells for $40, and the standard sells for $10.
Projected sales of the two models for the coming four quarters are
given below.
Deluxe
Standard
First quarter
11,000
90,000
Second quarter
14,500
88,600
Third quarter
16,800
93,000
Fourth quarter
20,000
91,400
The president of the company believes that the projected sales
are realistic and can be achieved by the company. In the factory,
the...
Sales and Production Budgets Berring Company produces two products: the deluxe and the standard. The deluxe...
Sales and Production Budgets
Berring Company produces two products: the deluxe and the
standard. The deluxe sells for $40, and the standard sells for $10.
Projected sales of the two models for the coming four quarters are
given below.
Deluxe
Standard
First quarter
11,000
90,000
Second quarter
14,500
88,200
Third quarter
16,500
92,000
Fourth quarter
20,000
91,800
The president of the company believes that the projected sales
are realistic and can be achieved by the company. In the factory,
the...
Store B orders on a weekly basis. Its weekly demand is 40 unitswith a standard...
Store B orders on a weekly basis. Its weekly demand is 40 units
with a standard deviation of 10 units. The holding cost is $10 per
unit per week and a 0.99 in-stock probability is desired. What is
Store B’s weekly inventory holding cost per unit if lead time is
two weeks?A. $32.09B. $30.09C. $24.09D. $25.09
Store B orders on a weekly basis. Its weekly demand is 50 units with a standard...
Store B orders on a weekly basis. Its weekly demand is 50
units with a standard deviation of five units. The holding cost is
$10 per unit per week and a 0.99 in-stock probability is
desired.
a) What is Store B’s weekly inventory holding cost if lead
time is two weeks?
b) What is Store B’s weekly inventory holding cost per
unit?
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