20 Feb Suppose, instead of planning only for two products to be made at one plant, LOGO has to plan production volumes for ten products. Furthermore, LOGO now operates two different
Suppose, instead of planning only for two products to be made at one plant, LOGO has to plan production volumes for ten products. Furthermore, LOGO now operates two different factories, and it has the option to make any product on either or both (or neither) of the two plants. The necessary input data is available on the spreadsheet “LOGO Production Expanded.xlsx Download LOGO Production Expanded.xlsx.” Similar to the two-product, one-plant problem discussed in class, we are given the following information about each of the ten products: the maximum demand that LOGO can sell, selling price, raw material cost, and the number of molding and packing machine-hours required to produce per unit. For each of the two plants, we are given information on the number of molding and packing machine-hours available, and the operating costs per machine hour. Using this information, build an optimization model to determine LOGO’s optimal production plan for its ten products in the two plants.
Sheet1
| Input Parameters | ||||||||||
| Product Name | Santa's Grotto | Advent Calendar | Fire Station | Princess' Castle | White House | Rose Bouquet | Friendship Boat | Mona Lisa | Race Car | Planet Explorer |
| Maximum Demand | 20000 | 60000 | 110000 | 110000 | 35000 | 70000 | 45000 | 30000 | 17000 | 35000 |
| Selling Price | $55 | $35 | $80 | $80 | $65 | $45 | $65 | $75 | $150 | $50 |
| Material Cost | $15 | $8 | $30 | $30 | $23 | $10 | $30 | $10 | $45 | $20 |
| Molding machine-hours required | 0.01 | 0.002 | 0.007 | 0.01 | 0.01 | 0.007 | 0.005 | 0.003 | 0.03 | 0.006 |
| Packing machine-hours required | 0.005 | 0.003 | 0.01 | 0.007 | 0.005 | 0.006 | 0.005 | 0.013 | 0.025 | 0.004 |
| Machine-hours available | Cost per machine-hour | |||||||||
| Molding at Plant 1 | 2000 | $500 | ||||||||
| Packing at Plant 1 | 2200 | $800 | ||||||||
| Molding at Plant 2 | 2200 | $400 | ||||||||
| Packing at Plant 2 | 1700 | $650 | ||||||||
| Decisions | ||||||||||
| Santa's Grotto | Advent Calendar | Fire Station | Princess' Castle | White House | Rose Bouquet | Friendship Boat | Mona Lisa | Race Car | Planet Explorer | |
| Production Quantity at Plant 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Production Quantity at Plant 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Objective | ||||||||||
| Profit | To be filled in | |||||||||
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.