Develop a linear programming model of the Hartman Company problem.
The management of Hartman Company is trying to determine the amount of each of two products to produce over the coming planning period. The following information concerns labor availability, labor utilization, and product profitability: a. Develop a linear programming model of the Hartman Company problem. Solve the model to determine the optimal production quantities of […]
How should the $2 million be allocated to each of the loan/investment alternatives to maximize total annual return?
The employee credit union at State University is planning the allocation of funds for the coming year. The credit union makes four types of loans to its members. In addition, the credit union invests in risk-free securities to stabilize income. The various revenue- producing investments, together with annual rates of return, are as follows: The […]
What inventories will be maintained and what are the monthly labor requirements?
The Silver Star Bicycle Company will manufacture both men’s and women’s models for its Easy-Pedal bicycles during the next two months. Management wants to develop a production schedule indicating how many bicycles of each model should be produced in each month. Current demand forecasts call for 150 men’s and 125 women’s models to be shipped […]
Develop and solve a linear programming model to maximize contribution to profit.
Bay Oil produces two types of fuel (regular and super) by mixing three ingredients. The major distinguishing feature of the two products is the octane level required. Regular fuel must have a minimum octane level of 90, whereas super must have a level of at least 100. The cost per barrel, octane levels, and available […]
What is the annual increase in power distribution cost that results from adding these constraints to the original formulation?
Aggie Power Generation supplies electrical power to residential customers for many U.S. cities. Its main power generation plants are located in Los Angeles, Tulsa, and Seattle. The following table shows Aggie Power Generation’s major residential markets, the annual demand in each market (in Megawatts or MWs), and the cost to supply electricity to each market […]