Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Research Expert

problem 1) Chemical manufacturer sells ammonia at a price of 560 dollars per unit. The daily total production cost in dollars for x units is given by 10000+20*x+1/50*x2 and daily production capacity is at most 14,000 units.

How many units of ammonia (rounded to nearest whole number using the round command) should be manufactured and sold daily to maximize profit? Use Optimization[Maximize].

How much money (rounded to the nearest dollar) would be made each day for that amount of production?

As time goes on and economy changes, manufacturer knows that price of ammonia could change quickly. In order to prepare for future price changes, manufacturer collected the list of prices that ammonia can be sold for in the future. The price list is as follows:

[570, 580, 590, 600, 610, 620, 630, 640, 650, 660, 670, 680, 690, 700, 710, 720, 730, 740, 750, 760, 770, 780, 790, 800, 810, 820, 830, 840, 850, 860]

For each unit price, and cost function described in part (a), determine the amount that must be produced to maximize profit, rounded to nearest whole number. Use Optimization[Maximize]. The result must be the list of integers (numbers without decimal points). Do not forget to take into account the daily production limit of 14,000 units. This list might contain duplicate values.

Operation Research, Management Studies

  • Category:- Operation Research
  • Reference No.:- M94567

Have any Question? 


Related Questions in Operation Research

In every organization inputs of some kind services

In every organization, inputs of some kind (services, information, and/or products) are transformed into outputs (services, information, and/or products) on an ongoing, continuous basis, which are of value to internal or ...

Consider the following scenarioyou have held conversations

Consider the following scenario: You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan. PPQ Parts ...

Question 1at the beginning of each day a patient in a

Question 1: At the beginning of each day, a patient in a hospital is classified into one of three conditions; good, fair, or critical. At the beginning of the next day, the patient will either continue to be in the hospi ...

In this discussion forum you will discuss the implications

In this discussion forum, you will discuss the implications of not having a clear and precise scope of the project, and why it needs to be approved by higher management. Also discuss the importance of listing, sequencing ...

For 100 consecutive days a company making nutritional

For 100 consecutive days, a company making nutritional supplements has measured the amount of a protein the company puts into its protein bars. Each day, the company takes a sample of 6 protein bars. The average across a ...

Please explain how each department in a company could

Please explain how each department in a company could approach assessing customer expectations of a new product launch product. Describe how to use a TQM approach for fulfilling customer expectations associated with a ne ...

A critical review on use of operations research for

A critical review on use of Operations Research for Decision Making

Business models and consumer choices please respond to the

"Business Models and Consumer Choices" Please respond to the following: Debate It: Take a position on the following statement: Copyright laws protect rights of creative independent artists against a large corrupt music i ...

The reading assignments in module 1 plus the lecture

The reading assignments in Module 1, plus the lecture, present an introductory framework for the project management office (PMO). Explain the key distinction between the PMO and project management. Respond to one of the ...

Directions the assignment focuses on your own understanding

DIRECTIONS The assignment focuses on your own understanding of the team's group project. Early in the conceptual phase of a new product, team members should begin to think about all of the things that need to be done to ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen