Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Juan Hernandez, a Cuban athlete who visits the United States and Europe frequently, is allowed to return with a limited number of consumer items not generally available in Cuba. The items, which are carried in a duffel bag, cannot exceed a weight of 5 pounds. Once Juan is in Cuba, he sells the items at highly inflated prices. The three most popular items in Cuba are denim jeans, CD players, and CDs of U.S. rock groups. The weight and profit (in U.S. dollars) of each item are as follows:

Item                                 Weight (lb.)          Profit

Denim jeans                             2                    $90

CD players                               3                    150

Compact discs                         1                      30

Juan wants to determine the combination of items he should pack in his duffel bag to maximize his profit. This problem is an example of a type of integer programming problem known as a "knapsack" problem. Formulate this problem by defining the decision variables, objective function, and all the constraints. Do NOT solve after formulating.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92562637

Have any Question?


Related Questions in Operation Management

1 identify and list in order of criticality the key issues

1. Identify and list in order of criticality the key issues facing strategic decision makers of the firm Polaris & Victory. 2. Analyze the Polaris & Victory firm’s value chain and compare the key activities it performs d ...

Blue hills has become a popular skiing destination in the

Blue Hills has become a popular skiing destination in the Boston area. It is conveniently located close to the city and has some difficult paths for not being a large hill. The owners have been hoping to further capitali ...

Groupon1 what is groupon and how does it work what is

GROUPON 1. What is Groupon, and how does it work? What is Groupon’s market? What does this company do, and how does it make money? 2. Using Porter’s Five Forces as a framework, describe the competitive environment of the ...

Hris impacts many different hr functional areas describe

HRIS impacts many different HR functional areas. Describe how one of the core functions of HR is affected by the implementation of an HRIS?. Discuss how an HRIS can best support at least three HR functions? (e.g., workfo ...

The state of minnesota passed a law requiring paint

The State of Minnesota passed a law requiring paint manufacturers to recycle paint. Under current law, consumers of paint take unwanted paint to county or state recycling centers for disposal. Starting in the summer of 2 ...

Most employers fight against unionization in their

Most employers fight against unionization in their organizations, believing that unions and collective bargaining will drive up the cost of wages and benefits. This would cut into the organizations profits and potentiall ...

Develop a vision of the future of business using blockchain

Develop a vision of the future of business using blockchain to further the relationships between suppliers and marketers Provide examples where you can of the future effort you envision Discuss the impact of these areas ...

This assignment will help you prepare for the next modules

This assignment will help you prepare for the next module's assignment about Workforce 2020. Workforce 2020 refers to the type of workforce leaders are likely to encounter in 2020. The concept refers to the workforce tha ...

Homer simpson purchased a parcel of real property in

Homer Simpson purchased a parcel of real property in Springfield. The deed for the property was properly recorded and indexed by the county recorder. Subsequently, Simpson borrowed $50,000 from The Springfield Savings Ba ...

Assignmentcontract analysis scenario one-damages

Assignment Contract analysis scenario one-damages determination: Alfred and Barbara own adjoining farms in Dry County, an area where all agriculture requires irrigation. Alfred bought a well-drilling rig and drilled a 40 ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As