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Week 10 - Homework

The document outlines three homework problems related to production optimization for different companies. Problem 1 involves a textile company maximizing profit from various clothing items under cost constraints. Problem 2 focuses on a confectionery company optimizing product mix for profit, while Problem 3 addresses a factory's production planning for two products based on component availability.

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2 views

Week 10 - Homework

The document outlines three homework problems related to production optimization for different companies. Problem 1 involves a textile company maximizing profit from various clothing items under cost constraints. Problem 2 focuses on a confectionery company optimizing product mix for profit, while Problem 3 addresses a factory's production planning for two products based on component availability.

Uploaded by

maiphanvietha.ecc3rd
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Week 10 - Homework

Problem 1
A textile company A has 4 types of products: jackets, denim jackets, shirts, and jeans.
The profit earned from each product is $3 per jacket, $2 per denim jacket, $1 per shirt,
and $2 per jeans. The production cost for each type is $12 per jacket, $6 per denim
jacket, $3 per shirt, and $5 per jeans. The company needs to make a production plan
based on material reserves and capital constraints:
- If all 4 types are produced, the total production cost must not exceed $1800.
- If only denim jackets, shirts, and jeans are produced, the total cost must not exceed
$1200.
- If jackets, shirts, and jeans are produced, the total cost must not exceed $1100.

Formulate the model for this problem and use Excel Solver to determine the number of
each product to produce so that the total profit is maximized. (State the model, quantity
of each product, and the total profit.)

Problem 2
Hai Ha confectionery company produces Hard Candy, Soft Candy, Chocolate, and
Cookies. The profit per ton is $25 for Hard Candy, $20 for Soft Candy, $35 for
Chocolate, and $15 for Cookies. The production cost per ton is $66 for Hard Candy, $62
for Soft Candy, $75 for Chocolate, and $34 for Cookies. The following constraints are
given:
- If Soft Candy, Chocolate, and Cookies are produced, the total cost must not exceed
$9800.
- If Hard Candy, Chocolate, and Cookies are produced, the total cost must not exceed
$7200.
- If Hard Candy, Soft Candy, and Chocolate are produced, the total cost must not exceed
$8400.

a) Formulate the optimal model for this problem.


b) Use the Solver tool to determine the optimal product mix for Hai Ha Confectionery
Company to maximize profit.
Problem 3
A factory plans to produce two types of products: SP1 and SP2, assembled from two
types of components: CT1 and CT2. Each SP1 requires 4 units of CT1 and 5 units of
CT2. Each SP2 requires 3 units of CT1 and 2 units of CT2. The selling price is $50 for
each SP1 and $30 for each SP2. How many SP1 and SP2 products should the factory
produce to maximize total revenue, given that the current inventory has only 1200 CT1
and 1080 CT2?

Please submit the two following files:

1 The Answer Sheet in Word format with file name is your full name and student ID
(e.g. Tran Van An – 12345678). In the Answer Sheet, you just write your answer for
each problem.

2 The Excel file that presents how you can solve the problems. Each problem (together
with its solution) is presented in one separate sheet (e.g. this test has 3 problems, so
your Excel file should have 3 sheets, sheet 1 for problem 1; sheet 2 for problem 2…).
The Excel file also should be named with the above rule.

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