[Excel spreadsheet available at http://web.mit.edu/15.053/www/Exer3.2.xls] A commercial printing…

 [Excel spreadsheet available at http://web.mit.edu/15.053/www/Exer3.2.xls] A commercial printing firm is trying to determine the best mix of printing jobs it should seek, given its current capacity constraints in its four capital-intensive departments: typesetting, camera, pressroom, and bindery. It has classified its commercial work into three classes: A, B, and C, each requiring different amounts of time in the four major departments. The production requirements in hours per unit of product are as follows:

 

[Excel spreadsheet available at http://web.mit.edu/15.053/www/Exer3.2.xls] A commercial printing...-1

Assuming these units of work are produced using regular time, the contribution to overhead and profit is $200 for each unit of Class A work, $300 for each unit of Class B work, and $100 for each unit of Class C work. The firm currently has the following regular-time capacity available in each department for the next time period: typesetting, 40 hours; camera, 60 hours; pressroom, 200 hours; bindery, 160 hours. In addition to this regular time, the firm could utilize an overtime shift in typesetting, which would make available an additional 35 hours in that department. The premium for this overtime (i.e., incremental costs in addition to regular time) would be $4/hour. Since the firm wants to find the optimal job mix for its equipment, management assumes it can sell all it produces. However, to satisfy long-established customers, management decides to produce at least 10 units of each class of work in each time period.

 Assuming that the firm wants to maximize its contribution to profit and overhead, we can formulate the above situation as a linear program, as follows:

[Excel spreadsheet available at http://web.mit.edu/15.053/www/Exer3.2.xls] A commercial printing...-2

[Excel spreadsheet available at http://web.mit.edu/15.053/www/Exer3.2.xls] A commercial printing...-3

a) What is the optimal production mix?

 b) Is there any unused production capacity?

 c) Is this a unique optimum? Why?

 d) Why is the shadow price of regular typesetting different from the shadow price of overtime typesetting?

 e) If the printing firm has a chance to sell a new type of work that requires 0 hours of typesetting, 2 hours of camera, 2 hours of pressroom, and 1 hour of bindery, what contribution is required to make it attractive?

 f) Suppose that both the regular and overtime typesetting capacity are reduced by 4 hours. How does the solution change? (Hint: Does the basis change in this situation?)

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with MyhomeworkGeeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Usually, references need to be within the past 5 years. Thank you :)
Customer 0, July 16th, 2021

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Thank you so much for your help! :)
Customer 0, May 11th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
awesome job
Customer 0, June 24th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
On time and as always a great service! This semester has been very time consuming a tough for my family so this service has not only been a life saver but helped me keep up my grades! If you are in a time crunch or need help, don't hesitate! They are worth it!
Customer 0, April 4th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
I am beyond eager to write this review for this writer. I received a grade of "Mastered"upon first submission on this assignment. I will shout to the rooftops ENCOURAGING you to hire him. I have used other writers but NONE have delivered such awesome work as this writer and NONE of their prices can compare to his. He does not try to "break the bank" and he works hard; it shows in the final paper and the grade. He is simply,THE BEST HERE!!
Customer 0, November 16th, 2021

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Thank you!
Customer 0, April 19th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Amazing!
Customer 0, November 11th, 2021

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
Received before the deadline. Great job!
Customer 0, January 15th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
awesome work
Customer 0, June 15th, 2022

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
thank you!
Customer 0, October 21st, 2021

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
First of all, the writer made sure that he completely understood my assignment and all the guidelines before he began writing. My paper was finished very fast and well before the specified deadline. I thought it was written excellently. He definitely completely grasped the topic. Overall, he is a great writer and I couldn't have asked for better.
Customer 0, November 29th, 2021

Notice: Array to string conversion in /home/myhomeworkgeeks/myhomeworkgeeks.com/wp-content/themes/proxim-canyon/widgets/reviews.php on line 18
Array
It was a very long paper, but she followed all the instructions, and she even finished the paper 5 days before the due date. Will write an essay with her again, thanks!
Customer 0, November 27th, 2021
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Live ChatWhatsApp

Are You Looking For Assignment Help? We Can Certainly Assist You