Problem 4-11 (Algorithmic) Edwards Manufacturing Company purchases two component parts from three different suppliers. T
Posted: Tue Jul 05, 2022 1:38 pm
Problem 4-11 (Algorithmic)
Edwards Manufacturing Company purchases two component parts fromthree different suppliers. The suppliers have limited capacity, andno one supplier can meet all the company’s needs. In addition, thesuppliers charge different prices for the components. Componentprice data (in price per unit) are as follows:
Each supplier has a limited capacity in terms of the totalnumber of components it can supply. However, as long as Edwardsprovides sufficient advance orders, each supplier can devote itscapacity to component 1, component 2, or any combination of the twocomponents, if the total number of units ordered is within itscapacity. Supplier capacities are as follows:
If the Edwards production plan for the next period includes 1025units of component 1 and 775 units of component 2, what purchasesdo you recommend? That is, how many units of each component shouldbe ordered from each supplier? Round your answers to the nearestwhole number.
What is the total purchase cost for the components? Round youranswer to the nearest dollar.
$ fill in the blank 7
Problem 4-11 (Algorithmic) Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity, and no one supplier can meet all the company's needs. In addition, the suppliers charge different prices for the components. Component price data (in price per unit) are as follows: Component Supplier Capacity 1 2 Component 1 Component 2 $ Supplier 1 1 $11 $11 Each supplier has a limited capacity in terms of the total number of components it can supply. However, as long as Edwards provides sufficient advance orders, each supplier can devote its capacity to component 1, component 2, or any combination of the two components, if the total number of units ordered is within its capacity. Supplier capacities are as follows: 1 2 550 $12 $10 2 975 3 $15 $11 If the Edwards production plan for the next period includes 1025 units of component 1 and 775 units of component 2, what purchases do you recommend? That is, how many units of each component should be ordered from each supplier? Round your answers to the nearest whole number. Supplier 2 3 800 3 What is the total purchase cost for the components? Round your answer to the nearest dollar.
Edwards Manufacturing Company purchases two component parts fromthree different suppliers. The suppliers have limited capacity, andno one supplier can meet all the company’s needs. In addition, thesuppliers charge different prices for the components. Componentprice data (in price per unit) are as follows:
Each supplier has a limited capacity in terms of the totalnumber of components it can supply. However, as long as Edwardsprovides sufficient advance orders, each supplier can devote itscapacity to component 1, component 2, or any combination of the twocomponents, if the total number of units ordered is within itscapacity. Supplier capacities are as follows:
If the Edwards production plan for the next period includes 1025units of component 1 and 775 units of component 2, what purchasesdo you recommend? That is, how many units of each component shouldbe ordered from each supplier? Round your answers to the nearestwhole number.
What is the total purchase cost for the components? Round youranswer to the nearest dollar.
$ fill in the blank 7
- Problem 4 11 Algorithmic Edwards Manufacturing Company Purchases Two Component Parts From Three Different Suppliers T 1 (42.63 KiB) Viewed 7 times