To formulate: An linear programming model for the problem.

Question

In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,000 radials each year. In the past 2 years, 240 and 240, respectively were sold in fall, 350 and 320 in winter,150 and165 in spring, and 340 and 195 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,200 radials. Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers): Fall: Winter: Spring: Summer:

Answer 1

Question

Chapter 3, Problem 20QP

a)

Summary Introduction

To formulate: An linear programming model for the problem.

b)

Summary Introduction

To develop: A spreadsheet model and solve using solver.

c)

Summary Introduction

To identify: The optimal solution.

d)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 50.

e)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 100.

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In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,000 radials each year. In the past 2 years, 240 and 240, respectively were sold in fall, 350 and 320 in winter,150 and165 in spring, and 340 and 195 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,200 radials. Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers): Fall: Winter: Spring: Summer:

Western Chassis produces high-quality polished steel and aluminum sheeting and two lines ofindustrial chassis for the rack mounting of Internet routers, modems, and other telecommunicationsequipment. The contribution margin (contribution toward profit) for steel sheeting is $0.40 per poundand for aluminum sheeting is $0.60 per pound. Western earns $12 contribution on the sale of aStandard chassis rack and $15 contribution on a Deluxe chassis rack. During the next productioncycle, Western can buy and use up to 25,800 pounds of raw unfinished steel either in sheeting or inchassis. Similarly, 20,400 pounds of aluminum are available. One standard chassis rack requires 16pounds of steel and 8 pounds of aluminum. A Deluxe chassis rack requires 12 pounds of each metal.The output of metal sheeting is restricted only by the capacity of the polisher. For the next productioncycle, the polisher can handle any mix of the two metals up to 4,000 pounds of metal sheeting. Chassismanufacture can be…

The Fish House (TFH) in Norfolk, Virginia, sells fresh fish and seafood. TFH receives daily shipments of farm-raised trout from a nearby supplier. Each trout costs $2.45 and is sold for $3.95. To maintain its reputation for freshness, at the end of the day TFH sells any leftover trout to a local pet food manufacturer for $1.25 each. The owner of TFH wants to determine how many trout to order each day. Historically, the daily demand for trout is: Demand 10 11 12 13 14 15 16 17 18 19 20 Probability 0.02 0.06 0.09 0.11 0.13 0.15 0.18 0.11 0.07 0.05 0.03 a. Construct a payoff matrix for this problem. b. How much should the owner of TFH be willing to pay to obtain a demand forecast that is 100% accurate? give a clear explanation for (b)

Answer 2

Question

Chapter 3, Problem 20QP

a)

Summary Introduction

To formulate: An linear programming model for the problem.

b)

Summary Introduction

To develop: A spreadsheet model and solve using solver.

c)

Summary Introduction

To identify: The optimal solution.

d)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 50.

e)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 100.

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Answer 3

Question

Chapter 3, Problem 20QP

a)

Summary Introduction

To formulate: An linear programming model for the problem.

b)

Summary Introduction

To develop: A spreadsheet model and solve using solver.

c)

Summary Introduction

To identify: The optimal solution.

d)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 50.

e)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 100.

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Answer 4

Question

Chapter 3, Problem 20QP

a)

Summary Introduction

To formulate: An linear programming model for the problem.

b)

Summary Introduction

To develop: A spreadsheet model and solve using solver.

c)

Summary Introduction

To identify: The optimal solution.

d)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 50.

e)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 100.

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Answer 5

Chapter 3, Problem 20QP

a)

Summary Introduction

To formulate: An linear programming model for the problem.

b)

Summary Introduction

To develop: A spreadsheet model and solve using solver.

c)

Summary Introduction

To identify: The optimal solution.

d)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 50.

e)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 100.

Answer 6

Chapter 3, Problem 20QP

a)

Summary Introduction

To formulate: An linear programming model for the problem.

Answer 7

Chapter 3, Problem 20QP

a)

Summary Introduction

To formulate: An linear programming model for the problem.

Answer 8

b)

Summary Introduction

To develop: A spreadsheet model and solve using solver.

Answer 9

b)

Summary Introduction

To develop: A spreadsheet model and solve using solver.

Answer 10

c)

Summary Introduction

To identify: The optimal solution.

Answer 11

c)

Summary Introduction

To identify: The optimal solution.

Answer 12

d)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 50.

Answer 13

d)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 50.

Answer 14

e)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 100.

Answer 15

e)

Summary Introduction

To identify: The optimal solution when each plant is required to make at least 100.

Answer 16

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Answer 17

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Answer 27

Ch. 3 - Prob. 1QP Ch. 3 - Prob. 2QP Ch. 3 - Prob. 3QP Ch. 3 - Prob. 4QP Ch. 3 - Prob. 5QP Ch. 3 - Prob. 6QP Ch. 3 - Refer to question 19 at the end of Chapter 2....Ch. 3 - Prob. 8QP Ch. 3 - Prob. 9QP Ch. 3 - Prob. 10QP

To formulate: An linear programming model for the problem.

Concept explainers

To formulate: An linear programming model for the problem.

To develop: A spreadsheet model and solve using solver.

To identify: The optimal solution.

To identify: The optimal solution when each plant is required to make at least 50.

To identify: The optimal solution when each plant is required to make at least 100.

Chapter 3 Solutions