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Lab Test Practice (Chp 3)

The document contains various optimization problems related to production, costs, and resource allocation across multiple products and processes. It includes constraints, costs, and profits associated with different inputs and outputs, as well as the total costs minimized for various scenarios. The overall goal is to achieve efficient production while adhering to budgetary and resource constraints.

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rasboutin1
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© © All Rights Reserved
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0% found this document useful (0 votes)
2 views

Lab Test Practice (Chp 3)

The document contains various optimization problems related to production, costs, and resource allocation across multiple products and processes. It includes constraints, costs, and profits associated with different inputs and outputs, as well as the total costs minimized for various scenarios. The overall goal is to achieve efficient production while adhering to budgetary and resource constraints.

Uploaded by

rasboutin1
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 42

X1 X2 X3 X4 LHS RHS

4500 2000 0 1500 8000 8000


Corn 0.3 0.05 0.2 0.1 1600 1600
Grain 0.1 0.3 0.15 0.1 1200 1200
Mineral 0.2 0.2 0.2 0.3 1750 1200
Cost per pound $ 0.25 $ 0.30 $ 0.32 $ 0.15
Total Cost of Feeds to put in Mix for final order : $ 1,950.00
Month (V), Lease Term (H) 1 2 3 4 5 LHS RHS
1 0 0 0 0 20000 20000 20,000
2 0 0 0 0 10000 30000 30,000
3 0 0 5000 0 5000 40000 40,000
4 0 0 0 0 0 35000 35,000
5 0 0 0 0 15000 50000 50,000

Month (V), Lease Term (H) 1 2 3 4 5


1 $ 55.00 $ 95.00 $ 130.00 $ 155.00 $ 185.00
2 $ 55.00 $ 95.00 $ 130.00 $ 155.00
3 $ 55.00 $ 95.00 $ 130.00
4 $ 55.00 $ 95.00
5 $ 55.00
TOTAL COST
$ 7,000,000.00
Raisins Grain Chocolate Peanut Almond
Pounds of each ingredient 0.1 0.75 0.1 0.1 0.95 0.1 1
Cost per ingredient 2.5 1.5 2 3.5 3
Vitamins 20 10 10 30 20
Minerals 7 4 5 9 3
Protein 4 2 1 10 1
Calories 450 160 500 300 500

Total Cost $ 5.85


LHS RHS
2 2
LHS RHS
47.5 40
15 15
12.9 10
738.5 600
Lower Limit/ad Media & # Ads Upper Limit/ad # of new Cust. Reached
0 10 10 900
0 0 10 400
0 10 10 700
0 5 5 10,000
0 5 5 7,500
0 2.125 5 5,000
Total Customers Reached 114125
Total # of ads in NP 20 30
Total # of ads on TV 12.125 15
Cost per Ad
$ 1,000.00
$ 900.00
$ 800.00
$ 12,000.00
$ 10,000.00
$ 8,000.00
Total Cost $ 145,000.00
Total Budget Av. $ 145,000.00
P1 P2 P3 Total Profit
Units per Product 6.666667 41.25 9.166667 $ 6,925.00
Profit per Unit of Product $ 90.00 $ 120.00 $ 150.00 LHS RHS
Hours on Machine 1 2 2 1 105 400
Hours on Machine 2 3 4 6 240 240
Hours on Machine 3 4 6 5 320 320
Total labor needed per product 9 12 12 665 665
Whole (W) Cluster (Cl)
Pounds of each to make 1000 500
Pofit per product $ 1.85 $ 1.40
Hulling machine min/product 1 1
Roasting machine min/product 2 1.5
Coating machine min/product 1 0.7
Packaging machine min/product 2.5 1.6
Weight of Macadamia nuts in each 0.6 0.4
Weight of Chocolate in each 0.4 0.6
Additional Constraints on individual products
1000 1000 99,999
400 500 500
80 150
200 200
Crunch (Cr) Roasted (R.)
80 200 Total
$ 1.04 $ 1.40 $ 2,913.20 RHS
1 1 1780 3600
1 1.75 3180 3600
0.2 0 1366 3600
1.25 1 3600 3600
0.2 1 1016 1100
0.8 0 764 800
C1 C2
# of each type of tabele to manufacture 405.7971 173.913
Machine: Total Machine time used
Router 1.5 2 956.521739130435
Sander 3 4.5 2000
Polisher 2.5 1.5 1275.36231884058
Revenue per model $ 350.00 $ 450.00
Constraints on # of each type to manufacture
Country Model 405.7971 >= 115.942028985507
Contemporary Model 173.913 >= 173.913043478261
Total Machine Time Available
1000
2000
1500

Total Revenue Max.


$ 220,289.86
Type of Compound to mix X1 X2 X3
Pounds of compounds to put in Chemix 342.8571 85.71429 171.4286
Cost per compound $ 5.00 $ 5.25 $ 5.50
Chemical Makeup:
Sulfur 0.2 0.4 0.1
Iron Oxide 0.6 0.3 0.4
Potassium 180 <= 0.2 0.3 0.5
Total Min. Required
600 600
Total Cost Minimized $ 3,107.14
LHS RHS
120 >= 120
300 >= 180
180 <= 270
X1 X2 X3 Total proportion
Proportion of Coal to Mix 0.057971 0.550725 0.391304 1
Steam produced by each kind 24,000 36,000 28,000
Used
Sulfur Emission (ppm) 1100 3500 1300 2500
Coal Dust (in kgs) 1.7 3.2 2.4 2.8
Total proportion required Total Steam Produced
1 32173.9130434783

EPA Restriction
<= 2500
<= 2.8
Cost/Subcontract in $1000s A B C D
1 $ 185.00 $ 225.00 $ 193.00 $ 207.00
2 $ 200.00 $ 190.00 $ 175.00 $ 225.00
3 $ 330.00 $ 320.00 $ 315.00 $ 300.00
4 $ 375.00 $ 389.00 $ 425.00 $ 445.00

Chosen Subcontracts A B C D SUM


1 1 1
2 1 1
3 1 1
4 1 1
SUM 1 1 1 1
Required 1 1 1 1
Total Cost of Subcontracting Minimized (in $1000s)
$ 1,049.00

Required
1
1
1
1
Required Sepcimen Processing Time (minutes) 1 2 3 4 5
A 3 4 4 5 3
B 5 3 5 4 5
C 2 5 3 3 4

Allocation of Specimens 1 2 3 4 5
A 0 0 0 0 60
B 0 75 0 0 0
C 80 0 80 120 0
Specimens Processed 80 75 80 120 60
Specimens Awaiting Processing 80 75 80 120 60
Processing Time Processing Time Available
180 480
300 480
240 480

Total Processing Time Minimized


1165
Electric Trimmers Gas Trimmers
Units Made in-house 30000 10000
Units Bought/Subcontracted 0 5000
Total Units 30000 15000
Required 30,000 15,000
Consumption of Resources when made in house Consumed
Production 0.2 0.4 10000
Assembly 0.3 0.5 14000
Packaging 0.1 0.1 4000

Costs to consider Electric Trimmers Gas Trimmers


Units Made in-house $ 55.00 $ 85.00
Units Bought/Subcontracted $ 67.00 $ 95.00
Total Cost Minimized
$ 2,975,000.00

Available
10,000
15,000
5,000
Time Period X1 X2 X3 X4 X5 X6
12-4am 1 1
4-8am 1 1
8-12pm 1 1
12-4pm 1 1
4-8pm 1 1
8-12am 1 1
# of workers Assigned 45 170 80 150 150 45

Total # of wrokers scheduled (Min.) 640


Total # of workers needed
90 90
215 215
250 250
230 165
300 300
195 125
Bond $ Invested Annual Return Maturity Risk Tax-free
A $ 15,000.00 0.095 Long H Yes
B $ 15,000.00 0.08 Short L Yes
C $ 35,000.00 0.09 Long L No
D $ - 0.09 Long H Yes
E $ 35,000.00 0.09 Short H No
Total Invested $ 100,000.00
Investment Budget $ 100,000.00
Total Annual Return $ 8,925.00

Additional Constraints LHS RHS


On Short-term bonds $ 50,000.00 >= $ 50,000.00
On-High Risk Bonds $ 50,000.00 <= $ 50,000.00
On Tax-free bonds $ 30,000.00 >= $ 30,000.00
Constraint on Total Annual Return $ 30,000.00 >= $ 3,570.00
Barrels Regular Supreme Amount Used of each input
Input 1 69.23077 80.76923 150
Input 2 230.7692 119.2308 350
Input 3 0 250 250
Revenue per kind $21 $25
Total Manufactured 300 450
Order Amount (in 1000s) 300 450
Octane Rating generated 27000 45950
Minimum Octane Rating required 27000 43650

Cost/barrel Regular Supreme Octane Rating


Input 1 $ 17.25 $ 17.25 100
Input 2 $ 15.75 $ 15.75 87
Input 3 $ 17.75 $ 17.75 110

Profit/barrel Regular Supreme Total Profit Generated (in 1000s)


Input 1 $ 3.75 $ 7.75 $ 5,012.50
Input 2 $ 5.25 $ 9.25
Input 3 $ 3.25 $ 7.25
Barrels Available (in 1000s)
150
350
300
Resource Consumtpion X1 X2 X3 X4 X5 Used
Printed Circuit Board 20 15 10 8 5 61000
Resistors 28 24 18 12 16 100000
Memory Chips 8 8 4 4 6 30000
Assembly Hours 0.75 0.6 0.5 0.65 1 4037.5

Amount of each to produce 500 500 1500 3250 500 Total Profit
Profit per unit of product $ 53.00 $ 48.00 $ 33.00 $ 32.00 $ 38.00 $ 223,000.00

Additional Constraint on X2 1000 >= 500


Available
80,000
100,000
30,000
5,000
Grade Basket Juice Used up Available (in 1000s)
1 0 90 90 90
2 61.5 163.5 225 225
3 0 300 300 300
4 55.5 44.5 100 100
5 75 0 75 75
SUM 192 598
Total Grade of each product 720 1495
Grade Requirement 720 1495
Profit per pound of product of oranges $ 2.50 $ 1.75

Total Profit $ 1,526.50


Month (V) / Lease Term (H) 1 2 3 4 5 Total Rented Out
1 1 1 1 1 1 25
2 1 1 1 1 10
3 1 1 1 20
4 1 1 10
5 1 5
Total Cost
$ 16,625.00

Month (V) / Lease Term (H) 1 2 3 4 5


1 15 0 0 5 5
2 0 0 0 0 0
3 10 0 0 0 0
4 0 0 0 0 0
5 0 0 0 0 0
SUM 25 0 0 5 5
Cost $ 300.00 $ 525.00 $ 775.00 $ 850.00 $ 975.00
Minimum Req. ft in 1000s
25
10
20
10
5

ASK IF THERES AN EASIER WAY TO MODEL ON EXCEL


Flow out of From To Profit Nodes Net Flow Balance D/S
1800 1 3 $ 39.00 1 -4000 -3500
450 1 4 $ 36.00 2 -3100 -3100
0 1 5 $ 34.00 3 1800 1800
1750 1 6 $ 34.00 4 2300 2300
0 2 3 $ 32.00 5 1250 1250
1850 2 4 $ 36.00 6 1750 1750
1250 2 5 $ 37.00
0 2 6 $ 34.00
Total profit
$ 258,750.00
Plants Tacoma San Diego Dallas Denver St.Louis Tampa Baltimore
Macon $ 38.00 $ 38.25 $ 37.25 $ 37.50 $ 37.60 $ 37.30 $ 37.15
Lousiville $ 39.35 $ 39.40 $ 39.00 $ 39.10 $ 38.50 $ 39.40 $ 39.35
Detroit $ 41.30 $ 41.25 $ 40.85 $ 40.25 $ 40.50 $ 41.25 $ 41.00
Phoenix $ 38.15 $ 37.15 $ 37.85 $ 38.00 $ 38.25 $ 38.75 $ 38.90

Plants Tacoma San Diego Dallas Denver St.Louis Tampa Baltimore


Macon 0 0 0 0 0 12000 6000
Lousiville 600 0 0 0 14400 0 0
Detroit 400 0 10800 12600 0 0 1200
Phoenix 5800 14200 0 0 0 0 0
Units Shipped 6800 14200 10800 12600 14400 12000 7200
Demand Min (atleast) 6800 11600 10800 10080 14400 12000 7200
Demand Max (at most) 8500 14500 13500 12600 18000 15000 9000
Total Cost
$ 3,011,360.00

Produced Capacity
18000 18000
15000 15000
25000 25000
20000 20000
TONS LOADED C1 C2 C3 C4 Amount Loaded Weight Capacity
FRONT 1198.947 0 0 1700 2898.9473684211 3000
CENTER 1580 2500 0 0 4080 6000
REAR 2021.053 0 1200 0 3221.0526315789 4000
SUM 4800 2500 1200 1700 10200
Available 4800 2500 1200 1700

PROFIT C1 C2 C3 C4
FRONT $ 70.00 $ 50.00 $ 60.00 $ 80.00
CENTER $ 70.00 $ 50.00 $ 60.00 $ 80.00
REAR $ 70.00 $ 50.00 $ 60.00 $ 80.00

VOLUME C1 C2 C3 C4 Volume Used Volume Available


FRONT 40 25 60 55 141457.89473684 145,000
CENTER 40 25 60 55 125700 180,000
REAR 40 25 60 55 152842.10526316 155,000
LHS Additional Constraints RHS
2898.947 2898.94736842105 3543.158
4080 4080 6120

Total Profit
$ 669,000.00
Location 3 4 5 6 SHIPPED SURPLUS
1 0 10 1 5 16 16
2 9 0 9 0 18 18
Shipped to each Dest. 9 10 10 5
Minimum Demand 5 5 5 5
Maximum Demand 10 10 10 10

Transport. Cost 3 4 5 6
1 $ 54.00 $ 17.00 $ 23.00 $ 30.00
2 $ 24.00 $ 18.00 $ 19.00 $ 31.00
TOTAL COST
$ 730.00
Decision Variables Extra Hot Hot Mild Total Profits
# of cases 158000 50000 37000 $ 1,007,750.00
$ spent promoting each 15000 5000 5000 25000
Profit per Case $ 4.00 $ 4.50 $ 4.75
Advertising effect MKTG plus every $1 Net effect
Extra Case 8,000 10 158000
Hot Cases 10,000 8 50000
Mild Cases 12,000 5 37000
RHS
<= $25,000
Componenent CDs Amplifiers Stereo Tuners
# of units to produce 70000 50000 90000 Total
Profit per component $ 75.00 $ 50.00 $ 40.00 $ 11,350,000.00 RHS
Hours of Assembly 3 2 1 400000 400,000
Minimum (LB) 50,000 50,000 50,000
Maximum (UB) 150,000 100,000 90,000

Remember that the lower bound here is redundant since we have to produce atleast 50,000 of each component
50,000 of each component

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