63 % (731 Review)
Mirza Manufacturing makes four electronic products, each of which is comprised of three main materials: magnet, wiring, and casing. The products are shipped to three distribution centres in North America, Europe, and Asia. Marketing has specified that no location should receive more than the maximum demand and should receive at least the minimum demand. The material costs/unit are: magnet—R0.59, wire—R0.29, and casing—R0.31. The table below shows the number of units of each material required in each unit of end product and the production cost per unit. Product Production Cost/unit Magnets Wire Casing A R 0.25 4 2 2 B R 0.35 3 1 3 C R 0.15 2 2 1 D R 0.10 8 3 2 Additional information is provided below. Min Demand Product NA EU Asia A 850 900 100 B 700 200 500 C 1100 800 600 D 1500 3500 2000 Packaging and Shipping Cost/Unit Product NA EU Asia A R 0.20 R 0.25 R 0.35 B R 0.18 R 0.22 R 0.30 C R 0.18 R 0.22 R 0.30 D R 0.17 R 0.20 R 0.25 Develop an appropriate linear optimization model to maximize net profit and solve it using SOLVER. (100 marks )
\r\n \r\n \r\n Mirza Manufacturing\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n &nb.
Your answer will be ready within 2-4 hrs. Meanwhile, check out other millions of Q&As and Solutions Manual we have in our catalog.