document.write( "Question 542467: A printing press has 8 machines, each of which has a speed of 3 600 prints per hour. It costs P50 to set up each machine for a run and (100+60 n ) pesos to run n machines for 1 hour. How many printing press machines should be used to produce 50 000 copies of calendars most profitably? \n" ); document.write( "
Algebra.Com's Answer #354589 by Theo(13342)![]() ![]() You can put this solution on YOUR website! most profitably sounds like least cost, since we don't know the revenue. \n" ); document.write( "the equation will be: \n" ); document.write( "cost = 50*n + (100+60n)*h \n" ); document.write( "n is the number of machines. \n" ); document.write( "h is the number of hours. \n" ); document.write( "this assumes that 50 dollars is setup costs for each machine regardless how long it runs. \n" ); document.write( "this also assumes that 100 is fixed for any number of machines to be run for 1 hour and 60 is variable cost per machine to be run for 1 hour. \n" ); document.write( "an example would be: \n" ); document.write( "cost for 2 machines run for 2 hours would be:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "50 pesos * 2 machines = 100 pesos setup cost regardless of the number of hours run by each machine. \n" ); document.write( "this is the cost per machine.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2 hours * 100 pesos = 200 pesos run cost for 2 hours regardless of the number of machines. \n" ); document.write( "this is the cost per run per hour.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "2 hours * 60 pesos * 2 machines = 240 pesos run cost for 2 hours of 2 machines. \n" ); document.write( "this is the cost per machine per run per hour.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "total cost for the 2 machines to be run for 2 hours would then be 100 + 200 + 240 = 450 pesos.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "i used excel to analyze each scenario and came up with a minimum cost solution at 5 machines.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "5 machines would take 50,000 / (3600*5) = 2.78 hours to run.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the cost for 5 machines would be:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "5*50 = 250 total set up cost. \n" ); document.write( "2.78 * 100 = 278 total run cost per hour \n" ); document.write( "2.78 * 5 * 60 = 834 total run cost per machine per hour \n" ); document.write( "grand total = 250 + 278 + 834 = 1362\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "i was able to generate an eqaution for graphing purposes. \n" ); document.write( "that equation is:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "y = (1800x^2 + 30000x + 50000)/(36x)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the graph of that equation looks like this:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "just draw a vertical line at x = 5 and you will see that it intersects the graph of the equation when y = 1362.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the results from excel indicated the following:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( "number of machines\r\n" ); document.write( " number of hours \r\n" ); document.write( " total cost per machine\r\n" ); document.write( " total cost per hour\r\n" ); document.write( " total cost per machine per hour\r\n" ); document.write( " grand total\r\n" ); document.write( "\r\n" ); document.write( "1 13.89 50 1388.89 833.33 2272.22 \r\n" ); document.write( "2 6.94 100 694.44 833.33 1627.78 \r\n" ); document.write( "3 4.63 150 462.96 833.33 1446.30 \r\n" ); document.write( "4 3.47 200 347.22 833.33 1380.56 \r\n" ); document.write( "5 2.78 250 277.78 833.33 1361.11 *****\r\n" ); document.write( "6 2.31 300 231.48 833.33 1364.81 \r\n" ); document.write( "7 1.98 350 198.41 833.33 1381.75 \r\n" ); document.write( "8 1.74 400 173.61 833.33 1406.94\r\n" ); document.write( "\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "note that total cost per machine per hour is the same. \n" ); document.write( "this effectively cancels it out as a criteria for least cost. \n" ); document.write( "the reason for this is because the number of hours times the number of machines works out to be the same.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "1 machine takes 50,000 / 3600 = 13.89 hours \n" ); document.write( "8 machines take 50,000 / (3600*8) = 1.74 hours each for a total of 13.89 hours. \n" ); document.write( "the total number of machine hours is the same, but the total number of hours spent is different because they are working in parallel to each other. \n" ); document.write( " \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |