Operations Research : Applications and Algorithms
Operations Research : Applications and Algorithms
4th Edition
ISBN: 9780534380588
Author: Wayne L. Winston
Publisher: Brooks Cole
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Pneumatics Engineering purchased a machine that had a fi rst cost of $40,000, an expected useful life of 8 years, a recovery period of 10 years, and a salvage value of $10,000. The operating cost of the machine is expected to be $15,000 per year. The inflation rate is 6% per year and the company’s MARR is 11% per year. Determine the depreciation charge for year 3 according to the straight line method. (UNITS ARE REQUIRED)
The Livewright Medical Supplies Company has a total of 12 salespeople it wants to assign to three regions-the South, the East, and the Midwest. A salesperson in the South earns $600 in profit per month for the company, a salesperson in the East earns $540, and a salesperson in the Midwest earns $375. The southern region can have a maximum assignment of five sales- people. The company has a total of $750 per day available for expenses for all 12 salespeople. A salesperson in the South has average expenses of $80 per day, a salesperson in the East has average expenses of $70 per day, and a salesperson in the Midwest has average daily expenses of $50. The company wants to determine the number of salespeople to assign to each region to maximize profit. a. Formulate an integer programming model for this problem. b. Solve this model by using the computer.
A company manufactures three products 1, 2, and 3. Each product requires production time in three departments as shown below: PRODUCT DEPARTMENT 1 DEPARTMENT 2 DEPARTMENT 3 1 3 hr/unit 2 hr/unit 1 hr/unit 2 4 hr/unit 1 hr/unit 3 hr/unit 3 2 hr/unit 2 hr/unit 3 hr/unit There are 500, 400, and 300 hours of production time available in the three departments, respectively. If products 1, 2, and 3 contribute $3, $4, and $2.5 per unit to profit, answer the following questions: (You may attach your solution or write in the box) a) Define the decision variables (2 marks). b) Write all constraints (3 marks). c) Write the objective function (define whether it is a maximization or minimization) (1.5 marks)
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Operations Research : Applications and Algorithms
Computer Science
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Brooks Cole