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    يوسف ميلاد يوسف جريس ١٩١٠٠٢٣٩
    This document contains an optimization problem to maximize profit by determining the production quantities of three products (X1, X2, X3) given machine time constraints. The optimal solution found using Excel solver is: X1 = 45 X2 = 100 X3 = 80 This results in maximum profit of $2,140. The milling machine and lathe are at full capacity while the grinder is under capacity. Sensitivity analysis shows profit can be further increased by adding 200 overtime hours to the milling machine.

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    يوسف ميلاد يوسف جريس ١٩١٠٠٢٣٩
    7 views6 pages
    This document contains an optimization problem to maximize profit by determining the production quantities of three products (X1, X2, X3) given machine time constraints. The optimal solution found using Excel solver is: X1 = 45 X2 = 100 X3 = 80 This results in maximum profit of $2,140. The milling machine and lathe are at full capacity while the grinder is under capacity. Sensitivity analysis shows profit can be further increased by adding 200 overtime hours to the milling machine.

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    This document contains an optimization problem to maximize profit by determining the production quantities of three products (X1, X2, X3) given machine time constraints. The optimal solution found using Excel solver is: X1 = 45 X2 = 100 X3 = 80 This results in maximum profit of $2,140. The milling machine and lathe are at full capacity while the grinder is under capacity. Sensitivity analysis shows profit can be further increased by adding 200 overtime hours to the milling machine.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    7 views6 pages

    Ass 1

    Uploaded by

    يوسف ميلاد يوسف جريس ١٩١٠٠٢٣٩
    This document contains an optimization problem to maximize profit by determining the production quantities of three products (X1, X2, X3) given machine time constraints. The optimal solution found using Excel solver is: X1 = 45 X2 = 100 X3 = 80 This results in maximum profit of $2,140. The milling machine and lathe are at full capacity while the grinder is under capacity. Sensitivity analysis shows profit can be further increased by adding 200 overtime hours to the milling machine.

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    © All Rights Reserved
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    Download as pdf or txt
    of 6

    EMGT 5330 – Week 5

    Individual Assignment 1

    Question 1.

    Maximize Z = 3X + Y
    12X + 14Y ≤ 85
    3X + 2Y ≤
    18
    Y≤4

    Maximize Z=3X+Y 18

    Constraints
    ,

    12X + 4Y ≤ 72 85
    3X + 2Y ≤ 18 18
    Y ≤ 0 4

    X= 6
    Y= 0

    Answer report from excel solver,

    This study source was downloaded by 100000863621352 from CourseHero.com on 05-13-2023 09:43:59 GMT -05:00

    https://www.coursehero.com/file/193970416/5docx/
    The Maximum value of Z = 18, is obtained when X = 6 and Y = 0.

    Question 2.

    This study source was downloaded by 100000863621352 from CourseHero.com on 05-13-2023 09:43:59 GMT -05:00

    https://www.coursehero.com/file/193970416/5docx/
    Z=2A + 4B
    4A + 6B ≥ 120
    2A + 6B ≥ 72
    B ≥ 10

    Minimize Z= 2A + 4B 70

    Constraints,
    4A + 6B ≥ 120 120
    2A + 6B ≥ 90 72
    B ≥ 10 10

    A= 15
    B= 10

    Answer report from Excel solver,

    The minimum value of Z = 70 is obtained when A =15 and B = 10.


    Question 3.

    Machine hours required per unit

    This study source was downloaded by 100000863621352 from CourseHero.com on 05-13-2023 09:43:59 GMT -05:00

    https://www.coursehero.com/file/193970416/5docx/
    Product
    X
    Machine Type X1 2 X3
    Milling machine 8 2 3
    Lathe 4 3 0
    Grinder 2 0 1

    Available machine time in hours per week

    Machine hours per week


    Milling machine 800
    Lathe 480
    Grinder 320

    Unit profit for three products are

    Unit profits
    X1 $ 20.00
    X2 $ 6.00
    X3 $ 8.00

    a)
    Unit profits for X1, X2 and X3 is $20, $6 and $8

    To maximize the profit,


    Z=20X1 + 6X2 + 8X3

    Constraints,
    Available time for the machines,

    Milling
    machine 8X1+2X2+3X3 ≤800
    Lathe 4X1+3X2≤480
    Grinder 2X1+X3≤320

    Maximum selling potential of


    Given, X3≤80 X3 is 80
    X1,X2,X3 ≥0

    b) and c)

    This study source was downloaded by 100000863621352 from CourseHero.com on 05-13-2023 09:43:59 GMT -05:00

    https://www.coursehero.com/file/193970416/5docx/
    Using excel solver, we got

    Variables
    X1 45
    X2 100
    X3 80

    Maximize
    profit
    Z= 2140

    Constraints,
    Milling
    machine 800 ≤ 800
    Lathe 480 ≤ 480
    Grinder 170 ≤ 320
    X3 80 ≤ 80

    Answer report from solver,

    The optimal solution is for maximum profit is,

    This study source was downloaded by 100000863621352 from CourseHero.com on 05-13-2023 09:43:59 GMT -05:00

    https://www.coursehero.com/file/193970416/5docx/
    Using excel solver we got the following :

    Variable X1 X2 X3 Total
    45 180 80 2140

    Maximum profit = $2140

    d)

    From Excel solver,

    Milling machine is working at capacity, 800-800=0


    Lathe machine is working at capacity, 480-480=0
    Grinder is working at less capacity, 320-170=150

    Hence Milling machine and Lathe is working at maximum capacity but the grinder is at low capacity.

    X3 is at maximum sales capacity as X3=80.

    e)

    From the sensitivity report using the excel solver,

    From the sensitivity report, we can see that milling machine has an allowable increase in
    hours upto 400. The shadow price is $2.25 in the sensitivity report and it is more than the
    increment cost $1.50 in the question.
    Hence, since the shadow cost is more than the increment cost, additional 200 hours of
    overtime will increase the profit and this solution can be accepted.

    This study source was downloaded by 100000863621352 from CourseHero.com on 05-13-2023 09:43:59 GMT -05:00

    https://www.coursehero.com/file/193970416/5docx/
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