Applied decision making problem solution with data

Solve Problem and Applications: ch 13- prob 7 [Klein Industries manufactures three types of portable air compressors] in page 451 at the end of chapter 13 in your textbook, USA 5th edition. The data is given as part of the question. There is no external data set provided. Use what is given by the problem. You need to submit a formal APA paper to explain all your findings together with your Excel Worksheet to demonstrate you have set up the Solver correctly. In the paper, you also need to explain how you set up the LP model to solve this case study.
13-7.  Klein Industries manufactures three types of portable air compressors: small, medium, and large, which have unit profits of $20.50, $34.00, and $42.00, respectively. The projected monthly sales are: 
                        Small        Medium     Large  

Minimum  14,000     6,200           2,600  

Maximum  21,000    12,500        4,200

 
The production process consists of three primary activities: bending and forming, welding, and painting. The amount of time in minutes needed to process each product in each department is shown below:    

 

                                                  Small  Medium    Large    Available Time  
Bending/forming            0.4       0.7                0.8          23,400 

Welding                               0.6       1.0                1.2          23,400 

Painting                               1.4       2.6                 3.1          46,800 

How many of each type of air compressor should the company produce to maximize profit?  

a.  Formulate and solve a linear optimization model using the auxiliary variable cells method and write a short memo to the production manager explaining the sensitivity information.  

b.  Solve the model without the auxiliary variables and explain the relationship between the reduced costs and the shadow prices found in part a.

 
Solution Tip: You must use Solver tool in Excel. Set your constraints right, and fill in the solver dialogue box properly. Be sure to review links provided in the last lesson, or in one of the announcements in the first week of class. Here is a You Tube link you could view: http://www.youtube.com/watch?v=Oyc0k9kiD7o 

Also additional slides to explain basics and a basic example is attached. The example and slides are for demonstration and illustration purpose only to help practice how to use solver tool.

Turn It In (TII):

TII is integrated in this course which means you will not need your own account for submitting papers.  Your faculty member will decide for each assignment if your paper needs to be submitted to TII.  Please submit each assignment only in the Assignments area.

Duepapers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.