Answer Happy

Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are processed on two machines: a shaper a required on each machine are as follows: Machine Component Shaper Grinder 1 6 4 2 4 5 3 4 2 The shaper is available for 120 hours, and the grinder for 110 hours. No more than 150 units of component 3 can be sold, but up to 1,000 units of component 2 can be sold. In fact, the company already has orders for 650 units of component 1 that must be satisfied. The per unit selling price a three components are as follows: Component Selling price Material Cost Labor Cost 1 $26 $12. $5 2 $18 $8 $4 $ 4 3 $26 $13 $5 (a) For each component, calculate the profit margin (profit margin = selling price - material cost - labor cost). Component 1: S = Component 2: S
ponents for sale to refrigeration companies. The components are processed on two machines: a shaper and a grinder. The times (in minutes) H the grinder for 110 hours. No more than 150 units of component 3 can be sold, but up to 1,000 units of component 1 and up to 1,000 units of mpany already has orders for 650 units of component 1 that must be satisfied. The per unit selling price and per unit variable costs for each of the lerial Cost Labor Cost $12. $5 $8 $4 $13 $5 fofit margin (profit margin = selling price - material cost - labor cost). -
ormulate and solve the model to determine the maximum profit. If the constant is "1", it must be entered in the box. If an amount is zero, enter " Let C1 = units of component 1 manufactured C2 = units of component 2 manufactured C3 units of component 3 manufactured Max $ Gi w C2 + $ C3 s.t. C1 + C2 + Select your answer - V C1 + C2 C3 - Select your answer C3 Select your answer Ci Select your answer - y C2 Select your answer - v Ci Select your answer - C1, C2, C3 Select your answer aximum profit: $ What are the objective coefficients ranges for the three components? If required, round your answers to two decimal places. Nariable Chiartiyn Conffioinnt ni
C1, C2, C3 Select your answer haximum profit: $ What are the objective coefficients ranges for the three components? If required, round your answers to two decimal places. Nariable Objective Coefficient Range C1 Select your answer y to Select your answer C2 Select your answer to Select your answer C3 Select your answer - v to Select your answer nterpret these ranges for company management. ndividual changes in the profit coefficients Select your answer ✓ these ranges will not cause a change in the optimal number of components What are the right-hand-side ranges? Konstraint Right-Hand-Side Range 1 Select your answer v to Select your answer 2 Select your answer V to - Select your answer nterpret these ranges for company management. These are the ranges over which the shadow prices for the associated constraints Select your answer applicable. more time could be made available on the grinder, how much would it be worth? Explain.
L2 Select you answer LO Select yoUI ONISwel C3 Select your answer y to Select your answer Interpret these ranges for company management. Individual changes in the profit coefficients Select your answer - these ranges will not cause a change in the optimal number of comp (c) What are the right-hand-side ranges? Constraint Right-Hand-Side Range 1 Select your answer V to Select your answer 2 - Select your answer V to Select your answer Interpret these ranges for company management. These are the ranges over which the shadow prices for the associated constraints Select your answer applicable. (d) If more time could be made available on the grinder, how much would it be worth? Explain. - Select your answer - V because the constraint related to the time available on the grinder Select your (e) If more units of component 3 can be sold by reducing the sales price by $4, should the company redu the price? Select your answer - v because the production of component 3 would be Select your answer - v profitable than the production reduced price - Select your answer - v of component 3 would be produced.