I’m having difficulty working out this problem (15), i have included it below. I have also included information from problem 14 below that as it references it in my problem and I included the answers that were at the back of the book if that makes it easier.
15. Suppose the Par’s management (problem 14) encounters the following situations:
a. the accounting department revises its estimate of the profit contributions for the deluxe bag to $18 per bag.
b. A new low-cost material is available for the standard bag and the profit contributions per standard bag can be increased to $20 per bag. (assume that the profit contributions of the deluxe bag is the original $9 value)
c.new sewing equipment is available that would increase the sewing operation capacity to 750 hours. (assume that 10A + 9B is the appropriate objective function)
-if each of these situations is encountered separately, what is the optimal situation and the total profit contribution?
14. production time (hours)
product cutting and dying sewing finishing inspection and pack. profit
Standard 7/10 1/2 1 1/10 $10
Deluxe 1 5/6 2/3 1/4 $9
