subject
Business, 18.03.2021 02:20 jc95704816

The PGR Corporation is planning to produce three different products. Letx1,x2, andx3 denote the number of units of the three respective products to be produced. The preliminary estimates of their potential profitability are as follows:For the first 10 units produced of Product 1, the unit profit would be $360. The unit profit would be only $30 for any additional units of Product 1. For the first 22 units produced ofProduct 2, the unit profit is estimated at $240. The unit profit would be $120 for each of the next 15 units and $90 for any additional units. For the first 5 units of Product 3, the unit profit would be $450. The unit profit would be $300 for each of the next 10 units and $180 for any additional units. Certain limitations on the use of needed resources impose the following constraints on the production of the three products:x1+x2+x3≤603x1+2x2≤200x1+2 x3≤70x1,x2,x3≥0 Please do the following
1. Plot the profit graph for each of the three products (10 points).
2. Formulate a separate programming model for this problem utilizing the 5-steps process discussed in class (20 points).
3. Solve this problem utilizing Excel solver and provide the appropriate recommendations and expected profits (20 points).
4. (Bonus question) Briefly discuss the implications of the solution of this problem under a sustainable operations approach. Specifically, discuss how these decisions would have the following impact (5bonus points):a) economical impact b) environmental impact) social impact

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, villarrealc1987
Identify the management, organization, and technology factors responsible for slow adoption rates of internal corporate social networks. when a company decides to launch a social networking program the management, all need to be on board with the launch. from the ceo down to the shift or assistant manager everyone needs to know its coming and be excited. the organization of such a launch needs to be mapped out, and training provided for the new systems. within the company, they need to make sure the technology at hand (computers, tablets, and company phones), are all compatible with the system. when a company launches a new system, and the find that the employees are not adopting it, they need to investigate the reasons. is the management at all level's onboard? did we organize the launch properly? do we have the right technology for the system? things can goeither way but if
Answers: 2
image
Business, 22.06.2019 01:50, emm3456
Atlas manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. currently atlas produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. what is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change? a. total manufacturing costs will increase and unit manufacturing costs will also increase. b. total manufacturing costs will stay the same and unit manufacturing costs will stay the same. c. total manufacturing costs will increase and unit manufacturing costs will decrease. d. total manufacturing costs will increase and unit manufacturing costs will stay the same.
Answers: 1
image
Business, 22.06.2019 11:10, nadinealonzo6121
Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.
Answers: 1
image
Business, 22.06.2019 11:30, Coltong121
Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer
Answers: 3
You know the right answer?
The PGR Corporation is planning to produce three different products. Letx1,x2, andx3 denote the numb...

Questions in other subjects:

Konu
English, 28.02.2021 09:30
Konu
Mathematics, 28.02.2021 09:30
Konu
Mathematics, 28.02.2021 09:30
Konu
Mathematics, 28.02.2021 09:30