MGMT 306 - Last Name _ Section_ First Name _ Signature _...

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Last Name ____________________ First Name ___________________ Section_______________________ Signature ____________________ Section Numbers for Your Reference: Section Day Time Instructor 1 M W 9:00-10:15 am Johanns, Patrick 2 M W 10:30-11:45 am Johanns, Patrick 3 M W 1:30-2:45 pm Johanns, Patrick 4 M W 3:00-4:15 pm Johanns, Patrick 5 M W 4:30-5:45 pm Alexander, Andy MANAGEMENT SCIENCE (MGMT 306) Fall 2010, EXAMINATION 2 November 4, 2010 6:30 PM - 7:30 PM Read Instructions Carefully: 1) This examination contains six (6) pages including the cover page. It is closed book and notes. One double-sided letter-sized sheet of notes is allowed. You are expected to maintain the Academic Integrity standards of Purdue University. 2) Mark your answers for multiple-choice problems on the Scantron sheet provided. 3) For modeling questions, show all of your work in the space provided -- answers without supporting work will be given no credit. Write legibly and clearly. 4) Return the exam along with the Scantron by 7:30pm. 5) Good Luck on the exam! 1
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Question Score Maximum Possible Modeling Question 20 Multiple-Choice Questions 30 Total 50 2
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( 20 points) The Geyser Boat Company is planning its production plan for the next month. They make three different models of motor boats each named for a famous geyser. They have the Castle, Excelsior, and Kaleidoscope models. If it produces any of a model of a boat, it incurs a setup cost of $2,000. Producing a model of a boat also requires 10 labor hours to configure the line for producing that boat no matter how many are manufactured. Information on each model can be found in the table below. Model Motors Fiberglass (pounds) Labor (hours) Construction Cost (dollars) Sales Price (dollars) Castle 1 600 18 7,000 12,000 Excelsior 2 750 24 10,000 17,000 Kaleidoscope 1 750 16 8,000 14,000 Available 40 21,000 720 Part A. (16 points) Formulate an integer linear program to help Geyser decide which boats to produce and how many of each to produce in order to maximize its profit. Define your decision
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MGMT 306 - Last Name _ Section_ First Name _ Signature _...

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