Product mix tj s inc

product mix problem linear programming

Be sure to include information and analysis on the following: 1. Hi thanksmate-ga, I have completed the design and analysis as outline in the question and have embedded my responses in the questions: Although we would not recommend buying more Brazil Nuts, filberts, and pecans because there are unused amounts of each: Was the language and grammar an issue?

The objective function that we chose to maximize is, 1.

Case problem 1 product mix

This is due to the mix and proportion of nuts used in this mix; not only is it more costly since it is using higher price nuts , but the profit contribution in comparison to the other two mixes is smaller compared to the costs of the raw nuts. Chapter3-Product Mix Problem. Tell us more Hide this section if you want to rate later Was the final answer of the question wrong? Thus these are only suggestions not necessarily changes that need to be made. Thanks for your help! Solved April 16, of the ways to achieve this will be to establish more product lines. Recommendations on how profit contribution could be increased if at all if Thanksmate does not satisfy all existing orders Through sensitivity analysis in the Excel model, the holiday mix appears to be the least profitable in terms of maximizing the objective function. Recommendations on how profit contribution could be increased if at all if Thanksmate does not satisfy all existing orders Through sensitivity analysis in the Excel model, the holiday mix appears to be the least profitable in terms of maximizing the objective function. Therefore if Thanksmate were to focus on making regular and deluxe mixes he could become more profitable! There are eight necessary constraints for this model. This is a final case which is due for us on April 19, What additional resources could be used profitably? Given this in itself can take up to three years to become profitablethey are currently investigating partnering with a large Dutch firm with whom there is a strategic fit. It is the total profit for each mix minus the total cost per shipment of the nuts, since these costs were not included in the profits. Related Interests. The cost per pound of the nuts included in the Regular, Deluxe, and Holiday mixes 2.

And the constraints as: The transportation cost and the add-on cost in dollars per ton are shown here Answer Preview: Help us make our solutions better Rate this solution on a scale of below We want to correct this solution.

This is a final case which is due for us on April 19, What additional resources could be used profitably? Question 4, Question We have to use the rubric format and focus more on the Structure wise overall.

The cost per pound of the nuts included in the Regular, Deluxe, and Holiday mixes This can be calculated quite easily by first calculating the wholesale price per pound for each type of nut: These slack variables would indicate, by looking at the dual prices, no profit is gained by purchasing more pounds of these types of nuts.

Optimal product mix formula

The three mixes, referred to as the Regular Mix, the Deluxe Mix, and the Holiday Mix, are made by mixing different percentages of five types of nuts. Hopefully this answers your question - if you have any questions or concerns regarding the information above please do post a clarification and I'll respond promptly : Cheers! Recommendations on how profit contribution could be increased if at all if Thanksmate does not satisfy all existing orders Through sensitivity analysis in the Excel model, the holiday mix appears to be the least profitable in terms of maximizing the objective function. We declared the decision variables as follows: They had been continuously refining their vision, You make it look so easy! Tell us more Hide this section if you want to rate later Was the final answer of the question wrong? Question 4, Question We have to use the rubric format and focus more on the Structure wise overall. You make it look so easy! Write a report in two stages which. Also note that the dual price of. The cost per pound of the nuts included in the Regular, Deluxe, and Holiday mixes This can be calculated quite easily by first calculating the wholesale price per pound for each type of nut: These slack variables would indicate, by looking at the dual prices, no profit is gained by purchasing more pounds of these types of nuts. Module Guide Part 1 — Assignment 1: They are necessary because of the customer orders already received and the limits placed on the available amount of nuts in the mixes. Also the pounds of Deluxe Mix constraint has a surplus of showing that the optimal solution exceeds the customer orders for Deluxe Mix by pounds. This is due to the mix and proportion of nuts used in this mix; not only is it more costly since it is using higher price nuts , but the profit contribution in comparison to the other two mixes is smaller compared to the costs of the raw nuts. Uploaded by Pradeep Hiremath.

Given this in itself can take up to three years to become profitablethey are currently investigating partnering with a large Dutch firm with whom there is a strategic fit. At this point no particular type of nut is preventing a higher profit contribution.

Case problem 1 product mix

Be sure to include information and analysis on the following: 1. Also the pounds of Deluxe Mix constraint has a surplus of showing that the optimal solution exceeds the customer orders for Deluxe Mix by pounds. Chapter3-Product Mix Problem. Therefore it is recommended that this purchase be made assuming orders are anticipated to consume the increased availability that will result. Module Guide Part 1 — Assignment 1: They are necessary because of the customer orders already received and the limits placed on the available amount of nuts in the mixes. Recommendations on how profit contribution could be increased if at all if Thanksmate does not satisfy all existing orders Through sensitivity analysis in the Excel model, the holiday mix appears to be the least profitable in terms of maximizing the objective function. Almond Brazil Filbert Pecan Walnut 3. The cost per pound of the nuts included in the Regular, Deluxe, and Holiday mixes 2. Branding and gucci group Product mix tj s inc Although keep in mind this software package for linear programming models considers only one change at a time.
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Product Mix Problem: