The Maynard Wire Company was founded in 1931 primarily to capitalize on the telephone company’s…

 The Maynard Wire Company was founded in 1931 primarily to capitalize on the telephone company’s expanding need for high-quality color-coded wire. As telephone services were rapidly expanding at that time, the need for quality color-coded wire was also expanding. Since then, the Maynard Wire Company has produced a variety of wire coatings, other wire products, and unrelated molded-plastic components. Today a sizable portion of its business remains in specially coated wire. Maynard Wire has only one production facility for coated wire, located in eastern Massachusetts, and has sales over much of the northeastern United States.

 Maynard Wire is an intermediate processor, in that it purchases uncoated wire in standard gauges and then applies the various coatings that its customers desire. Basically there are only two types of coatings requested— standard inexpensive plastic and the higher-quality Teflon. The two coatings then come in a variety of colors, achieved by putting special dyes in the basic coating liquid. Since changing the color of the coating during the production process is a simple task, Maynard Wire has essentially two basic products.

 Planning at Maynard Wire is done on a quarterly basis, and for the next quarter the demands for each type of wire in tons per month are:

The Maynard Wire Company was founded in 1931 primarily to capitalize on the telephone company’s...-1

The production of each type of wire must then be scheduled to minimize the cost of meeting this demand.

The Production process at Maynard Wire is very modern and highly automated. The uncoated wire arrives in large reels, which are put on spindles at one end of the plant. The uncoated wire is continuously drawn off each successive reel over some traverse guides and through a coating bath containing either the standard plastic or the  more expensive Teflon. The wire then is pulled through an extruder, so that the coating liquid adheres evenly to the wire, which then continues through a sequence of four electric drying ovens to harden the coating. Finally, the wire is reeled up on reels similar to those it arrived on. Different dyes are added to the coating liquid during the process to produce the various colors of wire ordered.

 Maynard Wire has two, basically independent, wire trains within the plant, one engineered by the Kolbert Engineering Corporation and the other purchased secondhand from the now defunct Loomis Wire Company. Both the standard plastic and the quality Teflon types of wire can be produced on either process train. The production rates in tons per day are:

The Maynard Wire Company was founded in 1931 primarily to capitalize on the telephone company’s...-2

Producing the quality Teflon wire is a slower process due to the longer drying time required. The associated variable operating cost for the month of July in dollars per day are:

The Maynard Wire Company was founded in 1931 primarily to capitalize on the telephone company’s...-3

However, because each month the process trains must be shut down for scheduled maintenance, there are fewer days available for production than days in the month. The process-train availabilities in days per month are:

The Maynard Wire Company was founded in 1931 primarily to capitalize on the telephone company’s...-4

Both types of wire may be stored for future delivery. Space is available in Maynard Wire’s own warehouse, but only up to 100 tons. Additional space is available essentially without limit on a leased basis. The warehousing costs in dollars per ton between July and August are:

The Maynard Wire Company was founded in 1931 primarily to capitalize on the telephone company’s...-5

A linear program has been formulated and solved that minimizes the total discounted manufacturing and warehousing costs. Future manufacturing and warehousing costs have been discounted at approximately ten percent per month. The MPS input format∗ , picture, and solution of the model are presented (see Figs. E5.1 and E5.2). Also, there is a parametric righthand-side study that increases the demand for standard plastic-coated wire in September from 1300 to 1600 tons. Finally, there is a parametric cost run that varies the warehousing cost for quality Teflon coated wire from $8.00 to $12.00.

Typical rows and columns of the linear program are defined as follows:

∗ MPS stands for Mathematical Programming System. It is a software package that IBM has developed to solve general linear-programming models.

Rows

 COST                 Objective function

 DCOST               Change row for PARAOBJ

1P                    Demand for plastic-coated wire in month 1

 1K                    Process-train availability in month 1

2WS                   Warehouse limitation in month 2

Columns

1K-P                Production of plastic-coated wire on Kolbert train in month 1

WP12              Warehousing plastic-coated wire from the end of month 1 to the end of month 2

 LP12            Leasing warehouse space for plastic-coated wire from the end of month 1 to the end of month 2

RHS1           Righthand side

RHS2           Change column for PARARHS

 a) Explain the optimal policy for Maynard Wire Company when the objective function is COST and the righthand side is RHS1.

 b) What is the resulting production cost for the 300-ton incremental production of plastic-coated wire in month 3?

 c) How does the marginal production cost of plastic-coated wire vary when its demand in month 3 is shifted from 1300 to 1600 tons?

d) How does the operating strategy vary when the warehousing cost for quality Teflon-coated wire shifts from $8.00 to $12.00 with the demand for plastic-coated wire in month 3 held at 1600 tons?

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 Online Academic Experts
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.
Psychology
Came in as promissed. Good paper.
Customer 453027, January 6th, 2022
Social Work and Human Services
Although it took 2 revisions I am satisfied but I did receive it late because of that.
Customer 452603, March 25th, 2021
History
Looks great and appreciate the help.
Customer 452675, April 26th, 2021
English 101
thank you for the excellent work
Customer 452883, October 29th, 2021
History
Thank you. No issues
Customer 453139, April 17th, 2022
Social Work and Human Services
Great work I would love to continue working with this writer thought out the 11 week course.
Customer 452667, May 30th, 2021
Psychology
Received before the deadline. Great job!
Customer 453027, January 15th, 2022
Nursing
Thank you so much for your help! :)
Customer 453167, May 11th, 2022
Management
It was gotten well after time I needed to make needed additions, but it is something that did help me. I could not get the concept of ho to start such a project but now reading this, I was over thinking the project it seems.
Customer 452801, July 19th, 2021
Business Studies
Thank you so much! I had to take my dog to the ER and had no time for the assignment. I really appreciate your help! I can't thank you enough! I really appreciate the work and integrity put into it. Thank you for taking it seriously and not bullshiting the paper.
Customer 452815, July 26th, 2021
Criminal Justice
The paper was not accused of plagiarism and was written very well. I will let you know the grade once it is graded. Thank you
Customer 452671, April 26th, 2021
IT, Web
Awesome paper in such a short amount of time. Was in a jam with another service who didn't deliver, but Theresa did the job correctly. I will use her again to do my essays for sure!
Customer 452967, 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
AllEscortAllEscort
Live ChatWhatsApp
AllEscort