A company produces bicycle frames using two fibreglass materials that improve the strength-to-weight ratio of the frames. The cost of standard grade material is Rs 750 per yard and the cost of professional grade material is Rs 900 per yard. The standard and professional grade materials contain two different amounts of fibreglass, carbon fibre and Kevlar as given in table   Standard Grade Professional Grade Fibre  Glass 84% 58% Carbon Fibre 10% 30% Kevlar 6% 12% The company signed a contract with a bicycle manufacturer to produce a new frame with a carbon fibre content of at least 20 percent and Kevlar content of not more than 10 percent. To meet the required weight specification, a total of 30 yárds of material must be used for each frame. (i)Formulate an LPP to determine the size of each grade of fibreglass materials that the company should use in each frame to minimise the total cost. Use graphical method. (ii)If the company is offered professional grade at Rs 800 per yard, will the optimal solution change? What effect will the further lowering of price have on the optimal solution?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question

A company produces bicycle frames using two fibreglass materials that improve the strength-to-weight ratio of the frames. The cost of standard grade material is Rs 750 per yard and the cost of professional
grade material is Rs 900 per yard. The standard and professional grade materials contain two different amounts of fibreglass, carbon fibre and Kevlar as given in table

  Standard Grade Professional Grade
Fibre  Glass 84% 58%
Carbon Fibre 10% 30%
Kevlar 6% 12%

The company signed a contract with a bicycle manufacturer to produce a new frame with a carbon
fibre content of at least 20 percent and Kevlar content of not more than 10 percent. To meet the required
weight specification, a total of 30 yárds of material must be used for each frame.

(i)Formulate an LPP to determine the size of each grade of fibreglass materials that the company should use in each frame to minimise the total cost. Use graphical method.
(ii)If the company is offered professional grade at Rs 800 per yard, will the optimal solution change? What effect will the further lowering of price have on the optimal solution?

Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Knowledge Booster
Forecasting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.