Ask Engineering Mathematics Expert

The Dewright Company is considering three new products to replace current models that are being discontinued, so their chief systems engineer has been assigned the task of determining which mix of these products should be produced. Management wants primary consideration given to three factors: long-run profit, stability in the work force, and the level of capital investment that would be required now for new equipment. In particular, they have established the goals of (1) achieving a long-run profit (net present value) of at least $125,000,000 from these products, (2) maintaining the current employment level of 4,000 employees, and (3) holding the capital investment to less than $55,000,000. However, management realizes that it probably won't be possible to attain all of these goals simultaneously, so they have discussed their priorities with the chief systems engineer. This discussion has led to setting penalty weights of 5 for missing the profit goal (per million dollars under), 2 for going over the employment goal (per hundred employees) and 4 for going under this same goal, and 3 for exceeding the capital investment goal (per million dollars over). Each new product's contribution to profit, employment level, and capital investment level is proportional to the numbers produced. These contributions per unit rate of production are shown in the table below, along with the goals and penalty weights.

Data for Dewright Company Goal Programming Problem

Factor

 

Unit Contribution

        Product

1              2            3

Goal                       (Units)

 

Penalty

Weight

 

Long-run profit

Employment level

Capital investment

 

12            9            15

5               3            4

5               7            8

 

≥ 125             (millions of dollars)

= 40        (hundreds of employees)

≤ 55                  (millions of dollars)

 

          5

     2(+), 4(-)

          3

 

Formulate and solve the Dewright Company's problem.

Engineering Mathematics, Engineering

  • Category:- Engineering Mathematics
  • Reference No.:- M9967704
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Engineering Mathematics

Q undirected vs directed connectivitya prove that in any

Q: Undirected vs. directed connectivity. (a) Prove that in any connected undirected graph G = (V, E) there is a vertex v ? V whose removal leaves G connected. (Hint: Consider the DFS search tree for G.) (b) Give an examp ...

All these questions should be answered in matlab 1 generate

All these questions should be answered in MATLAB !!! 1. Generate a set of 3 random patterns of dimension 12 where each value is +1 or -1.(3 random 12*12 matrix) 2. Create a 12-unit Hopfield network (a 12x12 matrix) from ...

I have these questions for a homework assignment and have

I have these questions for a homework assignment and have to show work. This works with MIPS coding language and is the class Introduction to Computer Architecture. 1. Find the 2's complement representation (in 32-bit he ...

Question 1 - many spas many componentsconsider 4 types of

Question 1 - Many spas, many components Consider 4 types of spa tub: Aqua-Spa (or FirstSpa, or P1), Hydro-Lux (or SecondSpa, or P2), ThirdSpa (or P3) and FourthSpa (or P4), with the production of products P1, ..., P4 in ...

Analytical methods for engineers assignment - calculusthis

ANALYTICAL METHODS FOR ENGINEERS ASSIGNMENT - CALCULUS This assignment assesses Outcome - Analyse and model engineering situations and solve problems using calculus. Questions - Q1. Differentiate the following functions ...

Clculus assignment -q1 find the total differential of w

CALCULUS ASSIGNMENT - Q1. Find the total differential of w = x 3 yz + xy + z + 3 at (x, y, z) = (1, 2, 3). Q2. Find the value of the double integral ∫∫ R (6x + 2y 2 )dA where R = {(x, y)| - 2 ≤ y ≤ 1, y 2 ≤ x ≤ 2 - y. Q3 ...

Numerical analysis assignment -q1 define the following

Numerical Analysis Assignment - Q1. Define the following terms: (i) Truncation error (ii) Round-off error Q2. Show that if f(x) = logx, then the condition number, c(x) = |1/logx|. Hence show that log x is ill-conditioned ...

Question what is the signed binary sum of 1011100 and

Question : What is the signed binary sum of 1011100 and 1110101 in decimal? Show all of your work. What is the hexadecimal sum of 9A88 and 4AF6 in hexadecimal and decimal? Show all of your work.

Question a signal starts at point x as it travels to point

Question : A signal starts at point X. As it travels to point Y, it loses 8 dB. At point Y, the signal is boosted by 10 bB. As the signal travels to point Z, it loses 7 dB. The dB strength of the signal at point Z is -5 ...

Show all your work not just the answerswhen you multiply 21

(SHOW ALL YOUR WORK, not just the answers) When you multiply: 21 x 68 you most likely do: 8x1 + 8x20 + 60x1 + 60x20 = 1, 428 So, there are 4 multiplications and then 3 additions. How long would it take a computer to do t ...

  • 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