Question

In: Advanced Math

Linear Programming Problem 1: George's Woodcarving Company manufactures two types of wooden toys: soldiers and trains....

Linear Programming Problem 1:

George's Woodcarving Company manufactures two types of wooden toys: soldiers and trains. A soldier sells for $27 and uses $10 worth of raw materials. Each soldier manufactured increases George's variable labor and overhead costs by $14. A train sells for $21 and uses $9 worth of raw materials. Each Train built increases George's variable labor and overhead costs by $10. The manufacture of wooden soldiers and trains requires two types of skilled labor: carpentry and finishing. A soldier requires 3 hours of carpentry labor and 2 hours of finishing labor. A train requires 4 hours of carpentry labor and 1 hour of finishing labor. Each week, George's can obtain all the needed raw material but only 240 carpentry hours and 100 finishing hours. Demand for trains is unlimited, but at most 28 soldiers are bought each week. George wishes to maximize weekly profit (revenue – costs). The company wants to find out the optimal production strategy that maximizes the weekly profit.

First solve this problem graphically or using the Solver. Have the solved graph or spreadsheet ready. For graphical approach, you need to solve for the optimal solution by solving simultaneous equations after graphing.

Then answer the quiz questions.

1. How many decision variables are in this problem?

2. How many finishing hours are available in this problem?

3. What is the unit profit of a toy soldier? $____.

4. To produce 5 toy soldiers and 5 toy trains, how many carpentry hours are required?

5. To produce 5 toy soldiers and 10 toy trains, how many finishing hours are required?

6. In the optimal solution, how many toy soldiers are produced?

7. In the optimal solution, how many toy trains are produced?

8. What is the maximum total profit?

9. In the optimal solution, how many hours of carpentry labor in total are used?

10. In the optimal solution, how many hours of finishing labor in total are unused?

Solutions

Expert Solution


Related Solutions

1. Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to...
1. Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows: Product Names Steel Plastic Direct materials information Standard pounds per unit 2 lb. 1.0 lb. Standard Price (SP) per pound $3.00 ? Actual Quantity (AQ) used per unit 3.0 lb. 3.00 lb. Actual Price (AP) paid for material $1.75 $2.25 Actual Quantity...
Master Budget Case: Wooden Pull Toys Inc. Wooden Pull Toys Ltd. is a company that manufactures...
Master Budget Case: Wooden Pull Toys Inc. Wooden Pull Toys Ltd. is a company that manufactures and sells a single product, which they call a Baby Turtle. For planning and control purposes they utilize a quarterly master budget, which is usually developed at least six months in advance of the budget period. Their fiscal year end is December 31. During the summer of 2019, Jimmy C., the Wooden Pull Toys controller, spent considerable time with Fanny L., the Manager of...
Master Budget Case: Wooden Pull Toys Inc. Wooden Pull Toys Ltd. is a company that manufactures...
Master Budget Case: Wooden Pull Toys Inc. Wooden Pull Toys Ltd. is a company that manufactures and sells a single product, which they call a Baby Turtle. For planning and control purposes they utilize a quarterly master budget, which is usually developed at least six months in advance of the budget period. Their fiscal year end is December 31. During the summer of 2019, Jimmy C., the Wooden Pull Toys controller, spent considerable time with Fanny L., the Manager of...
Master Budget Case: Wooden Pull Toys Inc. Wooden Pull Toys Ltd. is a company that manufactures...
Master Budget Case: Wooden Pull Toys Inc. Wooden Pull Toys Ltd. is a company that manufactures and sells a single product, which they call a Baby Turtle. For planning and control purposes they utilize a quarterly master budget, which is usually developed at least six months in advance of the budget period. Their fiscal year end is December 31. During the summer of 2019, Jimmy C., the Wooden Pull Toys controller, spent considerable time with Fanny L., the Manager of...
Linear programming. Solve the following two (2) Linear programming problems (#1 and #2) and then answer...
Linear programming. Solve the following two (2) Linear programming problems (#1 and #2) and then answer question 3: 1.. Solve the following LP problem graphically: Maximize profit =            X + 10Y Subject to:                        4X + 3Y < /= 36                                            2X +4Y < / = 40                                            Y > / = 3                                            X, Y > / = 0 2. Considering the following LP problem and answer the questions, Part a and Part b: Maximize profit =            30X1...
Problem 1: For the following linear programming problem: ???????? ? = 40?1 + 50?2 Subject to...
Problem 1: For the following linear programming problem: ???????? ? = 40?1 + 50?2 Subject to constraints: 3?1 − 6?2 ≥ 30 ?1 – 15 ≤ 3?2 2 ?1 + 3 ?2 = 24 ?1, ?2 ≥ 0 1- Find the optimal solution using graphical solution corner points method or iso profit line method. Please, show the values for state variable, decisions variables, and slack and surplus variables 2- Determine the value for basic solution and non-basic solution, binding constraints...
The optimal solution of the linear programming problem is at the intersection of constraints 1 and...
The optimal solution of the linear programming problem is at the intersection of constraints 1 and 2. Please answer the following questions by using graphical sensitivity analysis. Max s.t. Max 2x1 + x2 s.t. 4x1 +1x2 ≤8 4x1 +3x2 ≤12 1x1 +2x2 ≤6 x1 , x2 ≥ 0 Over what range can the coefficient of x1 vary before the current solution is no longer optimal? Over what range can the coefficient of x2 vary before the current solution is no...
1. The optimal solution of the linear programming problem is at the intersection of constraints 1...
1. The optimal solution of the linear programming problem is at the intersection of constraints 1 and 2. Please answer the following questions by using graphical sensitivity analysis. Max 2x1 + x2 s.t. 4x1 +1x2 ≤8 4x1 +3x2 ≤12   1x1 +2x2 ≤6 x1 , x2 ≥ 0 A. Over what range can the coefficient of x1 vary before the current solution is no longer optimal? B. Over what range can the coefficient of x2 vary before the current solution is...
Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are...
Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are produced by using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows: Product Machine Hours Setups Receiving Orders Packing Orders Infantry 19,000 330 810 1,680 Special Forces 19,000 110 90 840 Costs $68,400 $26,664 $16,020 $30,744...
Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are...
Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are produced by using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows: Product Machine Hours Setups Receiving Orders Packing Orders Infantry 20,000 300 900 1,600 Special forces 20,000 100 100 800 Costs $80,000 $24,000 $18,000 $30,000...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT