Grand Canyon ECN601 Module 6 problems

Problem 7-14
The Electrocomp Corporation manufactures two
electrical products: air conditioners and large fans. The assembly process for
each is similar in that both require a certain amount of wiring and drilling.
Each air conditioner takes 3 hours of wiring and 2 hours of drilling. Each fan
must go through 2 hours of wiring and 1 hour of drilling. During the next
production period, 240 hours of wiring time are available and up to 140 hours
of drilling time may be used. Each air conditioner sold yields a profit of $25.
Each fan assembled may be sold for a $15 profit. Formulate and solve this LP
production mix problem to find the best combination of air conditioner and fans
that yields the highest profit. Use the corner point graphical approach.

Problem 7-15
Electrocomp’s management realizes that it
forgot to include two critical constraints. In particular, management decides
that there should be a minimum number of air conditioners produced in order to
fulfill a contract. Also, due to an oversupply of fans in the preceding period,
a limit should be placed on the total number of fans produced.
(a) If
Electrocomp decides that at least 20 air conditioners should be produced but no
more than 80 fans should be produced, what would be the optimal solution? How
much slack is there for each of the four constraints?
(b) If
Electrocomp decides that at least 30 air conditioners should be produced but no
more than 50 fans should be produced, what would be the optimal solution? How
much slack is there for each of the four constraints at the optimal solution?
Problem 7-18

The dean of the Western College of Business
must plan the school’s course offerings for the fall semester. Student demands
make it necessary to offer at least 30 undergraduate and 20 graduate courses in
the term. Faculty contracts also dictate that at least 60 courses be offered in
total. Each undergraduate course taught costs the college an average of $2,500
in faculty wages, and each graduate course costs $3,000. How many undergraduate
and graduate courses should be taught in the fall so that total faculty
salaries are kept to a minimum?

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more