Thursday, April 18, 2019

Fundamentals of Decision Support -linear programming (LP), integer Assignment

Fundamentals of Decision Support -linear programme (LP), integer linear programming (ILP), or transportation problem and problem - Assignment Exampleon, the manager is seeking an option that has the least amount of costs, as he banks on this cost efficiency of the option selected in maximizing the returns on investment. Each of the three shirts produced by the company requires a given set of material n specify quantities or amounts. For instance, an athletic shirt requires one yard of fabric comprising of sixty percent cotton, while the wait is rayon. The gutter also has to consider the operational number of contracts per shirt within a given period, sound out weekly, and then compare this with the market price of the finished product. As such, the manager should come up with the ripe(p) quantities of each shirt that would bring the company the most profits without increasing its costs of production (Lussier 2010, p.382).The criteria for the manger to use in making this decis ion depend on the cost of raw materials, the available resources within the reach of the company, as well as, the demand and price of the finished product. Rayon goes at 7 and lone(prenominal) 3000 yards of it is available to the company on a weekly basis. On the other hand, cotton goes for 5 and the company elicit only lay hands on 4000 yards of the material. The available market demand of each finished product, together with the number of possible contracts on a weekly basis for each product, assists the manager in rough drawing up the right objective to pursue in making decisions. This is because there is a budget plant that the manger has to adhere to while making such decisions. As such, a manager can only make a right decision if it is within the budgetary provisions of the company, as well as, sanction the company of maximum proceeds at the closure of business (Pinheiro-Bohl 2007, p.75).The appropriate model to undertake in making such an important decision is the resou rce allocation model. This model enables the manager to make a decision on the right amount of resources to allocate to a given line of product or process of production. For instance, in

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