Abc corp. produces both interior and exterior paints from, Ask an Expert

Management Studies

ABC Corp. produces both interior and exterior paints from two raw materials, M1 and M2. The following table provides the basic data:

Tons of raw material per ton of Maximum daily availability (tons)
Exterior paint Interior paint
Raw material, M1 6 4 36
Raw material, M2 1 2 12
Profit per ton ($1,000) 8 6

A market survey indicates that the daily demand for interior paint cannot exceed that of exterior paint by more than 2 tons. Also, the maximum daily demand of interior paint is 4 tons. ABC Corp. wants to determine the optimal product mix of interior and exterior paints that maximizes the total daily profit.

a)Formulate the linear programming model for this problem.
b)Solve this model using the graphical approach, EXCEL, or LINDO.
c)What is the limiting raw material? What alternatives could you suggest?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M992122

Have any Question?Write your Review or question?

Related Questions in Operation Management

If you were a consultant hired to improve leadership for a

If you were a consultant hired to improve leadership for a company, what changes would you recommend to create a workplace that is more harmonious, less stressful and less toxic for employees. Do you believe the nature o ...

Article buzzfeed- the promise of native advertising by

Article : BuzzFeed- The Promise of Native Advertising By Gerry Graf BuzzFeed Case Study Analysis & Application Instructions 1. Read the HBR Case Study "BuzzFeed: The promise of Native Advertising." 2. Write your Analysis ...

For each of the four situations noted what organizational

For each of the four situations noted, what organizational concepts apply? Identify the concept and explain the related problem. Two welders, unable to get a decision from their supervisor, requested time off. One welder ...

Radio shack sells a 32gb flash drive weekly demand for the

Radio Shack sells a 32GB flash drive. Weekly demand for the 32GB flash drive in one of their stores is normally distributed with a 1.25 and standard deviation of 0.5. The store places orders weekly and there is a one-wee ...

Create a list of potential businesses with these six idea

Create a list of potential businesses with these six idea categories each; Take a look at the things that frustrate you and your family, Examining trends around the region, nation, or world that may not have reached your ...

As a consultant to walt disney companyrsquos management you

As a consultant to Walt Disney Company’s management, you have been asked to prepare an assessment of the company’s diversification/acquisition strategy over the past 30 years, beginning with Michael Eisner’s term as CEO ...

1 business ethics become a criminal act whena collusion

1. Business ethics become a criminal act when; A. Collusion between members of corporate management artificially inflate a company’s reported earnings through accounting manipulation, which is a Federal offense subject t ...

The statute or law provides four factors to determine if a

The statute or law provides four factors to determine if a particular work is a "fair use". They include the following: The purpose and character of the use The nature of the copyrighted work The amount and substantialit ...

Cohension case- the broadway cafe network telecommunication

Cohension Case- The Broadway Cafe. Network, Telecommunication & Wireless Computing: Telecommunication systems enable the transmission of data over public or private networks. A network is a communications, data exchange, ...

1 in this assignment you are required to write about the

1. In this assignment, you are required to write about the strategic advantages and disadvantages of different entry modes. Choose 2 modes of entry, and compare them. First, explain the theoretical background of both ent ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert