Homework2_Linear Programming

Homework2_Linear Programming - 311 Operations Management...

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311 Operations Management Fall 2008 Homework # 2 – Linear Programming Due 9/18/08 1. (30 points) Kristen decides to bake Deluxe Cookies (DC) in addition to her Standard Cookies (SC). She has enough dough on hand to make 30 cookies and enough chocolate chips to make 60 Standard cookies (SCCC). SC’s require 5 chocolate chips and sell for $1.5 each while DC’s require 15 chocolate chips and sell for $2 each. a. (15 points) Formulate a linear program to maximize revenue b. (12 points) Graph the feasible region for the linear program c. (3 points) For which product mix is revenue maximized? 2. (30 points) Question 8, page 69 in the book. a. (20 points) Formulate a linear program for this problem? b. (5 points) Solve the problem using Excel Solver c. (5 points) What is the shadow price of hops? What does the shadow price of hops mean in this case? 3. (40 points, 10 parts × 4 points. each) ABT claims to be America’s Best Tire manufacturer for large off-road exploration vehicles. Their small Dayton plant
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