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Wk 5
Topic: Economic Order Quantity Determine the Economic Order Quantity in Excel for: Price of Product: $150 Savings Rate: 12% Annual Usage: 16240 Cost of transportation: $200/order Cost of PO preparation: $60/order Warehouse Rental: $8/piece Topic: Linear Programming Develop problem 1 of chapter 8 using excel or by hand. You need to present the objective and constraints equations. No need to solve it.
Problem 1
The Waikiki Enterprise Corporation produces two types of computers at its manufacturing plant in Torrance, California. Profit on computer A is $900 per unit and for computer B it is $600. The manufacturing plant can produce not more than 50 of computer A and 100 of computer B a day. The following table displays the capacity for the manufacturing plant.
| PLANT | CAPACITY TO PRODUCE COMPUTER A | CAPACITY TO PRODUCE COMPUTER B | MAXIMUM AVAILABLE CAPACITY |
| A River view Plant | 51 | 101 | 18000 |
| Unit profit | $900 | $600 |
a. What are the decision variables?
b. What is the objective function?
c. What are the constraints?
d. What are the non-negativity assumptions?
Wk 5
Topic:
Economic
Order
Quantity
Determine the Economic Order Quantity in Excel for:
Price of Product:
$150
Savings Rate: 12%
Annual Usage: 16240
Cost of transportation: $200/order
Cost of PO preparation: $60/order
Warehouse Rental: $8/piece
Topic:
Linear
Programming
Develop problem 1 of chapter 8 using excel or by hand. You need to present the objective
a
nd
constraints equations. No need to solve it.
Problem 1
The
Waikiki
Enterprise
Corporation
produces
two
types
of
computers
at
its
manufacturing
plant in Torrance, California. Profit on computer A is $900 per unit and for computer B it is
$600. The
manufacturing plant can produce not more than 50 of computer A and 100 of
computer B a day. The following table displays the capacity for the manufacturing plant.
PLANT
CAPACITY TO
PRODUCE
COMPUTER A
CAPACITY TO
PRODUCE
COMPUTER B
MAXIMUM
AVAILABLE
CAPACITY
A Riverview Plant
51
101
18000
Unit profit
$900
$600
a. What are the decision variables?
b. What is the objective function?
c. What are the constraints?
d. What
are
the
non
–
negativity
assumptions?
Wk 5
Topic: Economic Order Quantity
Determine the Economic Order Quantity in Excel for:
Price of Product: $150
Savings Rate: 12%
Annual Usage: 16240
Cost of transportation: $200/order
Cost of PO preparation: $60/order
Warehouse Rental: $8/piece
Topic: Linear Programming
Develop problem 1 of chapter 8 using excel or by hand. You need to present the objective and
constraints equations. No need to solve it.
Problem 1
The Waikiki Enterprise Corporation produces two types of computers at its manufacturing
plant in Torrance, California. Profit on computer A is $900 per unit and for computer B it is
$600. The manufacturing plant can produce not more than 50 of computer A and 100 of
computer B a day. The following table displays the capacity for the manufacturing plant.
PLANT
CAPACITY TO
PRODUCE
COMPUTER A
CAPACITY TO
PRODUCE
COMPUTER B
MAXIMUM
AVAILABLE
CAPACITY
A Riverview Plant 51 101 18000
Unit profit $900 $600
a. What are the decision variables?
b. What is the objective function?
c. What are the constraints?
d. What are the non-negativity assumptions?
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