MIDDLE EAST TECHNICAL UNIVERSITY

IE251 – OPERATIONAL RESEARCH I

CASE STUDY 1
Cem YOĞURTCU - 1627876 Onur YILMAZ - 1627868

ESRA KARASAKAL(KÖKTENER)

Instructor:

November 2009, Ankara

Contents
PAGE Introduction……………………………………………………………………….. 2 1. Assumptions……………………………………..……………………………... 2 2. Linear Programming Model……………………………………..…………….. 3. Plans for Production and Sales ……………………………………………… 3 5

4. Increasing Graphite or Advertising Cash………………………………………. 5 5. Adding Extra Packing Machine, Assembly and Labor Hours............................. 6 6. Increasing the Maximum Demand……………………………………………... 7 7. Conclusion……………………………………………………………………... 9

8. Appendix……………………………………..………………………………… 10 I. Sensitivity Report…………………………………..………………… 10

1

Introduction

This report contains detailed production and sales plans for Golf-Sport Company for two months in accordance with limits that are given in question and assumptions which are made to clarify ambiguous parts. In the first part of this report, the assumptions which resemble real life expectations in conformity with the limits given in the question can be found. Following that, in the second part, there are plans and recommendations for production and sales of Golf-Sport Company, including the models used in solving this question. In addition, expected reactions and forward steps for given changes in constraints could be found in this section. Finally, in appendix, detailed Excel Solver Sensitivity Report is given for furher analysis for Golf-Sport Company’s production and sales plans.

1. Assumptions

1. It is assumed that the main purpose of Golf-Sport Company is to maximize their profit. 2. It is considered that all the production and inventory at the end of the second month will be sold within the limits of demand. 3. The graphite which is not used in the first month will not be used in the second month therefore, it is clear that there will be no inventory cost of this excess amount of graphite. 4. For production sets (Set - Steel, Metal; Set - Steel Insert; Set - Graphite, Metal), the advertising cost of each set is equal to the sum of advertising costs of the components in the concerned one. 5. It is assumed that components of each set will be produced in the same plant and there will be no transportation cost related to this.

2

2. Linear Programming Model

This given model is used in solving Golf-Sport Company’s production and sales problem:

Decision Variables and Parameters: 𝒙𝒊𝒋𝒕 : amount of product i produced on plant j in month t 𝐬𝐢𝐣𝐭 : amount of sales of product i on plant j in month t 𝐢𝐢𝐣 : amount of inventory i produced on plant j at the end of first month 𝐦𝐢𝐧𝐝𝐢𝐣 : minimum demand for product i from plant j 𝐦𝐚𝐱𝐝𝐢𝐣 : maximum demand for product i from plant j 𝐥𝐢𝐣 : required labor time per unit for product i on plant j 𝐩𝐢𝐣 : required packing time per unit for product i on plant j 𝐚𝐢𝐣 : required money for advertising of product i from plant j 𝐚𝐭 𝐢𝐣 : assembly time for product i on plant j 𝐜𝐢𝐣𝐭 : cost of product i produced on plant j in month t. 𝐫𝐢𝐣𝐭 : revenue for product i produced on plant j in month t 𝐢𝐯𝐜𝐢𝐣 : inventory cost of product i produced on plant j at the end of first month 𝐭𝐨𝐭𝐚𝐥𝐥𝐣 : available labor for each month for plant j 𝐭𝐨𝐭𝐚𝐥𝐩𝐣 : available packing time for each month for plant j 𝐭𝐨𝐭𝐚𝐥𝐚𝐭 𝐣 : avaliable assembly time for each mont for plant j 𝐠𝐫𝐢 : amount of graphite used in associated product i

3

Objective Function: max z = s.t.:
9 1 9 1 2 𝑡=1 3 𝑗 =1 9 𝑖=1

rijt ∗ sijt − xijt ∗ cijt

3 𝑗 =1

9 𝑖=1

( ivcij ∗ i ij )

xij ∗ pij <= 𝑡𝑜𝑡𝑎𝑙𝑝j xij ∗ pij <= 𝑡𝑜𝑡𝑎𝑙𝑝j
9 1 9 1

(for j=1,2,3) Packing Constraint (first month)

(for j=1,2,3) Packing Constraint (second month)

3 𝑗 =1

xij ∗ aij <= 20000 xij ∗ aij <= 20000

Advertising Constraint (first month)

3 𝑗 =1 9 6 9 6 9 1 9 1 9 1 9 1 9 1 9 1

Advertising Constraint (second month)

xij ∗ at ij <= totalat j xij ∗ at ij <= totalat j xij ∗ lij <= totallj xij ∗ lij <= totallj sij >= mindij sij <= maxdij sij >= mindij sij <= maxdij xij ∗ gri <= 1000 xij ∗ gri <= 1000

(for j=1,2,3) Assembly Time Constraint (first month)

(for j=1,2,3) Assembly Time Constraint (second month)

(for j=1,2,3) Labor Constraint (first month)

(for j=1,2,3) Labor Constraint (second month)

(for j=1,2,3) Minimum Demand (first month)

(for j=1,2,3) Maximum Demand (first month)

(for j=1,2,3) Minimum Demand (second month)

(for j=1,2,3) Maximum Demand (second month) Graphite Constraint (first month) Graphite Constraint (second month) Sign Restrictions (for all i, j and t)
4

3 𝑗 =1

i=2,3,8

3 𝑗 =1

i=2,3,8

xijt , sijt , iij >= 0

3. Plans for Production and Sales
The tables below show the amount of products should be produced in each month . If we take a closer look into the tables, it can be clearly seen that, company is better of it does not produce steel shafts, set - steel, metal or set – steel insert in any of two months. Furthermore, the other components, namely, Graphite shafts, Forged iron heads, Metal Wood heads, Titanium Insert heads should be produced in all there plants with the same amounts each month. Set – Graphite, metal should be produced only in the plant Tucson; whereas Set Graphite, Insert should be produced in all the plants in first month and only in Chandler and Glendale in the second month. If the company plans its production according to these tables, it will maximize the profit and meet the demand at the same time.

1st MONTH
Steel shafts Graphite shafts Forged iron heads Metal Wood heads Titanium Insert heads Set - Steel, Metal Set - Steel Insert Set - Graphite, Metal Set - Graphite, Insert

Chandler 100 200 30 2000

Glendale 100 200 30 2000

Tucson 50 100 15 2000

2nd MONTH
Steel shafts Graphite shafts Forged iron heads Metal Wood heads Titanium Insert heads Set - Steel, Metal Set - Steel Insert Set - Graphite, Metal Set - Graphite, Insert

Chandler 100 200 30 2000

Glendale 100 200 30 2000

Tucson 50 100 15 2000

84.84375 53.5 34.2654 14.6368

84.84375 53.5 34.2654

Production Plan for Golf-Sport Company for two months (derived from Sensitivity Report (Appendix I) )

4. Increasing Graphite or Advertising Cash
The table below represents the final value of the advertising budget and usage of graphite. It can be seen that available bugdet for advertisement and graphite have not been used entirely in each month which means there is a slack. Therefore, increasing the amount of advertising budget or available graphite will not increase the profit. As we assumed the main purpose of the company is maximizing the profit, there is no need for extra budget for advertising or more graphite.

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Name Advertising (1st Month) Advertising (2nd Month) Graphite (in pounds) (1st Month) Graphite (in pounds) (2nd Month)

Final Value 18450,49771 18262,14624 882,8071718 623,4797467

Shadow Price 0 0 0 0

Constraint R.H. Side 20000 20000 1000 1000

Allowable Increase 1E+30 1E+30 1E+30 1E+30

Allowable Decrease 1549,502 1737,854 117,1928 376,5203

Advertising and Graphite Constraints (Derived from Sensitivity Report (Appendix I)

5. Adding Extra Packing Machine, Assembly and Labor Hours

The table below which is derived from sensitivity report represents the shadow price and allowable increase about the packing constraints in plants Chandler, Glendale and Tucson. As the available packing constraint has not been used entirely in Glendale, shadow price is 0 in each month. Therefore, there is no need for extra packing machine hours in Glendale. Secondly, in Chandler we are willing to pay less than the shadow price given in the table below, in other words 1.916666667 per hour for the first month and 1.496667 per hour for the second month. In order to maintain the same optimal basis, the company can have extra packing machine hours with the limits of allowable increase which is 2509.032258 in each month. Finally, in Tucson we are willing to pay less than the shadow price given in the table below with the same idea of the plant Chandler, in other words 1.307506 per hour for the first month and 1.084615 per hour for the second month. The company is able to have extra packing machine hours with the limits of allowable increase, 4129.081 and 1552.5 respectively in each month, in order to maintain the same optimal basis.

Allowable ASSEMBLY TIME Shadow PACKING CONSTRAINTS Shadow Price Increase CONSTRAINTS Price Chandler (1st Month) 1.916666667 2509.032258 Chandler (1st Month) 0 Chandler (2nd Month) 1.496667 2509.032 Chandler (2nd Month) 0 Glendale (1st Month) 0 1E+30 Glendale (1st Month) 0 Glendale (2nd Month) 0 1E+30 Glendale (2nd Month) 0 Tucson (1st Month) 1.307506 4129.081 Tucson (1st Month) 0 Tucson (2nd Month) 1.084615 1552.5 Tucson (2nd Month) 0 Packing and Assembly Time Constraints (Derived from Sensitivity Report (Appendix I)

Allowable Increase 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30

6

The table above also represents the shadow price and allowable increase about the assembly time constraints. It can be seen that available amount for assembly time has not been used entirely in each month on any plants Chandler, Glendale and Tucson. Therefore, increasing the amount of assembly time will have no effect on the amount of production; as a result company should not add extra assembly hours on any plant. Finally, the sensitivity evaluation of labor constraints can be seen in the table below. On plants Chandler and Tucson, since the available labor is not fully utilized, any labor hour improvement on these plants will not result any increase in production and also in profit. Therefore, the company should not add extra labor hours on Chandler and Tucson. In contrast, it can be seen that on plant Glendale, adding extra labor hours increases the profit by 2.037915 and 1.543128 respectively for each month, thus company would be willing to pay less than the shadow prices given for extra labor hours within the limits of allowable increase, 3804.259 and 5176.667 respectively in order to increase profit and maintain the same solution basis at the same time.
LABOR CONSTRAINTS Shadow Price Allowable Increase Chandler (1st Month) 0 1E+30 Chandler (2nd Month) 0 1E+30 Glendale (1st Month) 2.037915 3804.259 Glendale (2nd Month) 1.543128 5176.667 Tucson (1st Month) 0 1E+30 Tucson (2nd Month) 0 1E+30 Labour Hours Constraint (Derived from Sensitivity Report (Appendix I)

6. Increasing the Maximum Demand
There are two cases for investigating increase of maximum demand by 50%, firstly if we assume to increase all demands by 50% we cannot determine how the profit will change as the sensitivity report only gives the involved information about one constraint change at once. Secondly, to investigate each constraint’s demand increase we should check all constraints separately. However, we cannot say any total improvement in profit by the increase of all maximum demand constraints.

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For the first month:
Final Value 2000 2000 2000 2000 Shadow Price 2,5 5,810427 0,193705 7,539952 Constraint Allowable R.H. Side Increase 2000 580.44776 2000 2000 2000 723 403 377.8125

Name Sales of Titanium Insert heads on Chandler Sales of Titanium Insert heads on Glendale Sales of Graphite shafts on Tucson Sales of Titanium Insert heads on Tucson

Binding Maximum Demand Constraints for First Month (Derived from Sensitivity Report (Appendix I)

In order to check if the company can handle the 50% increase in maximum demand, the amount of sales which have already reached their maximum levels should be considered, because any improvement in other non-binding constraints will have no effect on the quantity of sales. For the first month, it can be seen from the table above, only sales of Titanium Insert heads on all plants and Graphite shafts on plant Tucson have reached their maximum demand. For an increase of 50% in maximum demand, only sales of Titanium Insert heads on Chandler can attain that level without any improvement or allocation in resources, on the other hand there is a need of more resources for other products or a change in allocation of scarce resources. The effect of each change in maximum demands on the profit can be shown by the table below (for the first month):
Effect of this increase on profit (minimum) 2848.688 78.06312 4200.939 1451.12

Titanium Insert heads on Tucson Graphite shafts on Tucson Titanium Insert heads on Glendale Titanium Insert heads on Chandler

Shadow Price 7.539952 0.193705 5.810427 2.5

x x x x

Increase 377.8125 403 723 580.4478

= = = =

For the second month:

Name Sales of Titanium Insert heads on Chandler Sales of Titanium Insert heads on Glendale Sales of Titanium Insert heads on Tucson

Final Value 2000 2000 2000

Shadow Price 1,9 5,40436019 6,083076923

Constraint R.H. Side 2000 2000 2000

Allowable Increase 580,4477612 723 1156,981534

Binding Maximum Demand Constraints for Second Month (Derived from Sensitivity Report (Appendix I)

8

Secondly, with the same idea mentioned in the previous part, the binding maximum demand constraints of second month should be analysed as given in the above table. It can be seen that only Titanium Insert heads on plant Tucson can handle a 50% increase in maximum demand with current system. For Glendale and Chandler, there must be some improvements or change in usages of resources to increase the capacity of production. The effect of each change in maximum demands on the profit can be shown by the table below (for the second month):
Effect of this increase on profit (minimum) = = = 1102.851 3907.352 6083.077

Shadow Price Titanium Insert heads on Chandler Titanium Insert heads on Glendale Titanium Insert heads on Tucson 1.9 5.40436 6.083077 x x x

Increase 580.4478 723 1000

7. Conclusion
The aim of Golf-Sport is to maximize its profit by using the scarce resources most efficiently. In order to achieve this, we tried to allocate these inputs with the maximum efficiency. Usage of these resources and possible reactions to the change in the constraints of these resources are discussed in a detailed manner. With the production planning we offer through this report, the company has met all the expected demand and gained a total profit of $258634.556 in two months.

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APPENDIX
I. Sensitivity Report

Adjustable Cells Final Cell $B$2 $C$2 $D$2 $B$3 $C$3 $D$3 $B$4 $C$4 $D$4 $B$5 $C$5 $D$5 $B$6 $C$6 $D$6 $B$7 $C$7 $D$7 $B$8 $C$8 $D$8 Name Production of Steel shafts on Chandler (1st Month) Production of Steel shafts on Glendale (1st Month) Production of Steel shafts on Tucson (1st Month) Production of Graphite shafts on Chandler (1st Month) Production of Graphite shafts on Glendale (1st Month) Production of Graphite shafts on Tucson (1st Month) Production of Forged iron heads on Chandler (1st Month) Production of Forged iron heads on Glendale (1st Month) Production of Forged iron heads on Tucson (1st Month) Production of Metal Wood heads on Chandler (1st Month) Production of Metal Wood heads on Glendale (1st Month) Production of Metal Wood heads on Tucson (1st Month) Production of Titanium Insert heads on Chandler (1st Month) Production of Titanium Insert heads on Glendale (1st Month) Production of Titanium Insert heads on Tucson (1st Month) Production of Set - Steel, Metal on Chandler (1st Month) Production of Set - Steel, Metal on Glendale (1st Month) Production of Set - Steel, Metal on Tucson (1st Month) Production of Set - Steel Insert on Chandler (1st Month) Production of Set - Steel Insert on Glendale (1st Month) Production of Set - Steel Insert on Tucson (1st Month) Value 0 0 0 100 100 2000 200 200 100 30 30 15 2000 2000 2000 0 0 0 0 0 0 Reduced Cost 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Objective Coefficient 4 5 5 6 7 10 4 3 5 8 7 10 14 16 18 112 115 130 152 160 180 Allowable Increase 2.16 2.131753555 2.231680015 1.666666667 0.132701422 3.271680015 2.42 2.626540284 2.294570684 3.32 2.170616114 1.113801453 4.6 4.393933649 3.943125349 64.64 65.45781991 60.76125908 68.64 55 65.22692308 Allowable Decrease 1E+30 1E+30 1E+30 1E+30 1E+30 0.1937046 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 2.5 5.81042654 7.539951574 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30

10

$B$9 $C$9 $D$9 $B$10 $C$10 $D$10 $M$4 $N$4 $O$4 $M$5 $N$5 $O$5 $M$6 $N$6 $O$6 $M$7 $N$7 $O$7 $M$8 $N$8 $O$8 $M$9 $N$9 $O$9 $M$10 $N$10 $O$10 $M$11 $N$11

Production of Set - Graphite, Metal on Chandler (1st Month) Production of Set - Graphite, Metal on Glendale (1st Month) Production of Set - Graphite, Metal on Tucson (1st Month) Production of Set - Graphite, Insert on Chandler (1st Month) Production of Set - Graphite, Insert on Glendale (1st Month) Production of Set - Graphite, Insert on Tucson (1st Month) Production of Steel shafts on Chandler (2nd Month) Production of Steel shafts on Glendale (2nd Month) Production of Steel shafts on Tucson (2nd Month) Production of Graphite shafts on Chandler (2nd Month) Production of Graphite shafts on Glendale (2nd Month) Production of Graphite shafts on Tucson (2nd Month) Production of Forged iron heads on Chandler (2nd Month) Production of Forged iron heads on Glendale (2nd Month) Production of Forged iron heads on Tucson (2nd Month) Production of Metal Wood heads on Chandler (2nd Month) Production of Metal Wood heads on Glendale (2nd Month) Production of Metal Wood heads on Tucson (2nd Month) Production of Titanium Insert heads on Chandler (2nd Month) Production of Titanium Insert heads on Glendale (2nd Month) Production of Titanium Insert heads on Tucson (2nd Month) Production of Set - Steel, Metal on Chandler (2nd Month) Production of Set - Steel, Metal on Glendale (2nd Month) Production of Set - Steel, Metal on Tucson (2nd Month) Production of Set - Steel Insert on Chandler (2nd Month) Production of Set - Steel Insert on Glendale (2nd Month) Production of Set - Steel Insert on Tucson (2nd Month) Production of Set - Graphite, Metal on Chandler (2nd Month) Production of Set - Graphite, Metal on Glendale (2nd Month)

0 0 0 53.5 34.26540284 14.63680387 0 0 0 100 100 50 200 200 100 30 30 15 2000 2000 2000 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

210 200 270 230 215 270 3.28 4.4 4.16 3.72 4.84 7.6 3.52 2.4 4.4 6.8 5.68 8.56 10.88 13.12 14.76 90.64 94 108.4 124.64 133.6 151.2 168 156.8

20 11.94312796 1.96125908 50 122.6 5.333333333 2.706666667 1.000947867 3.974615385 2.266666667 0.560947867 0.534615385 3.963333333 4.544075829 4.819230769 2.18 1.264075829 0.659230769 1E+30 1E+30 1E+30 88.96 66.48530806 117.2 54.96 29.2 72.77307692 11.6 3.685308057

1E+30 1E+30 1E+30 20 4 1.947115385 2.16 2.131753555 2.231680015 3.2 3.171753555 3.271680015 2.42 2.626540284 2.294570684 3.32 3.106540284 2.854570684 1.9 4.393933649 3.943125349 64.64 65.45781991 60.76125908 68.64 69.8 65.22692308 78.4 80.25781991

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$O$11 $M$12 $N$12 $O$12 $B$109 $C$109 $D$109 $B$110 $C$110 $D$110 $B$111 $C$111 $D$111 $B$112 $C$112 $D$112 $B$113 $C$113 $D$113 $B$114 $C$114 $D$114 $B$115 $C$115 $D$115 $B$116 $C$116 $D$116 $B$117

Production of Set - Graphite, Metal on Tucson (2nd Month) Production of Set - Graphite, Insert on Chandler (2nd Month) Production of Set - Graphite, Insert on Glendale (2nd Month) Production of Set - Graphite, Insert on Tucson (2nd Month) Inventory of Steel shafts on Chandler (end of the 1st Month) Inventory of Steel shafts on Glendale (end of the 1st Month) Inventory of Steel shafts on Tucson (end of the 1st Month) Inventory of Graphite shafts on Chandler (end of the 1st Month) Inventory of Graphite shafts on Glendale (end of the 1st Month) Inventory of Graphite shafts on Tucson (end of the 1st Month) Inventory of Forged iron heads on Chandler (end of the 1st Month) Inventory of Forged iron heads on Glendale (end of the 1st Month) Inventory of Forged iron heads on Tucson (end of the 1st Month) Inventory of Metal Wood heads on Chandler (end of the 1st Month) Inventory of Metal Wood heads on Glendale (end of the 1st Month) Inventory of Metal Wood heads on Tucson (end of the 1st Month) Inventory of Titanium Insert heads on Chandler (end of the 1st Month) Inventory of Titanium Insert heads on Glendale (end of the 1st Month) Inventory of Titanium Insert heads on Tucson (end of the 1st Month) Inventory of Set - Steel, Metal on Chandler (end of the 1st Month) Inventory of Set - Steel, Metal on Glendale (end of the 1st Month) Inventory of Set - Steel, Metal on Tucson (end of the 1st Month) Inventory of Set - Steel Insert on Chandler (end of the 1st Month) Inventory of Set - Steel Insert on Glendale (end of the 1st Month) Inventory of Set - Steel Insert on Tucson (end of the 1st Month) Inventory of Set - Graphite, Metal on Chandler (end of the 1st Month) Inventory of Set - Graphite, Metal on Glendale (end of the 1st Month) Inventory of Set - Graphite, Metal on Tucson (end of the 1st Month) Inventory of Set - Graphite, Insert on Chandler (end of the 1st Month)

84.84375 53.5 34.26540284 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 -2.16 -2.131753555 -2.231680015 -3.2 -3.171753555 -3.271680015 -2.42 -2.626540284 -2.294570684 -3.32 -3.106540284 -2.854570684 -4.6 -4.393933649 -3.943125349 -64.64 -65.45781991 -60.76125908 -68.64 -69.8 -65.22692308 -78.4 -80.25781991 -75.96125908 -84

225.6 179.6 162.8 216 -1.2 -1 -1.4 -3.8 -3.6 -4 -0.8 -1 -1 -2 -2.2 -2.4 -5.2 -4.8 -5.4 -35.6 -35 -36 -45.6 -44 -48 -70 -72 -74 -84

56.14949437 38 61.57777778 7.973076923 2.16 2.131753555 2.231680015 3.2 3.171753555 3.271680015 2.42 2.626540284 2.294570684 3.32 3.106540284 2.854570684 4.6 4.393933649 3.943125349 64.64 65.45781991 60.76125908 68.64 69.8 65.22692308 78.4 80.25781991 75.96125908 84

8.030992736 11.6 3.738461538 82.02692308 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30

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$C$117 $D$117 Constraints

Inventory of Set - Graphite, Insert on Glendale (end of the 1st Month) Inventory of Set - Graphite, Insert on Tucson (end of the 1st Month)

0 0

-87 -82.02692308

-87 -90

87 82.02692308

1E+30 1E+30

Final Cell $G$13 $G$14 $G$25 $G$26 $G$36 $G$37 $B$51 $C$51 $D$51 $A$58 $B$64 $B$95 $B$96 $B$97 $B$98 $B$99 $B$100 $B$101 $B$102 $B$103 $B$95 $B$96 $B$97 Labor on Chandler (1st Month) Packing on Chandler (1st Month) Labor on Glendale (1st Month) Packing on Glendale (1st Month) Labor on Tucson (1st Month) Packing on Tucson (1st Month) Assembly Time on Chandler (1st Month) Assembly Time on Glendale (1st Month) Assembly Time on Tucson (1st Month) Advertising (1st Month) Graphite (in pounds) (1st Month) Sales of Steel shafts on Chandler (1st Month) Sales of Graphite shafts on Chandler (1st Month) Sales of Forged iron heads on Chandler (1st Month) Sales of Metal Wood heads on Chandler (1st Month) Sales of Titanium Insert heads on Chandler (1st Month) Sales of Set - Steel, Metal on Chandler (1st Month) Sales of Set - Steel Insert on Chandler (1st Month) Sales of Set - Graphite, Metal on Chandler (1st Month) Sales of Set - Graphite, Insert on Chandler (1st Month) Sales of Steel shafts on Chandler (1st Month) Sales of Graphite shafts on Chandler (1st Month) Sales of Forged iron heads on Chandler (1st Month) Name Value 11027.75 20000 15000 23148.95735 19960.454 35000 3477.5 2055.924171 951.3922518 18450.49771 882.8071718 0 100 200 30 2000 0 0 0 53.5 0 100 200

Shadow Price 0 1.916666667 2.037914692 0 0 1.307506053 0 0 0 0 0 0 0 0 0 2.5 0 0 0 0 -3.666666667 -1.666666667 -5.583333333

Constraint R.H. Side 12000 20000 15000 40000 22000 35000 5500 5000 6000 20000 1000 2000 2000 2000 2000 2000 200 100 300 400 0 100 200

Allowable Increase 1E+30 2509.032258 3804.259499 1E+30 1E+30 4129.080882 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 580.4477612 1E+30 1E+30 1E+30 1E+30 1605 827.2434929 1284

Allowable Decrease 972.25 6420 3615 16851.04265 2039.546005 3022.5 2022.5 2944.075829 5048.607748 1549.502294 117.1928282 2000 1900 1800 1970 622.3076923 200 100 300 346.5 0 100 200

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$B$98 $B$99 $B$100 $B$101 $B$102 $B$103 $C$95 $C$96 $C$97 $C$98 $C$99 $C$100 $C$101 $C$102 $C$103 $C$95 $C$96 $C$97 $C$98 $C$99 $C$100 $C$101 $C$102 $C$103 $D$95 $D$96 $D$97 $D$98 $D$99

Sales of Metal Wood heads on Chandler (1st Month) Sales of Titanium Insert heads on Chandler (1st Month) Sales of Set - Steel, Metal on Chandler (1st Month) Sales of Set - Steel Insert on Chandler (1st Month) Sales of Set - Graphite, Metal on Chandler (1st Month) Sales of Set - Graphite, Insert on Chandler (1st Month) Sales of Steel shafts on Glendale (1st Month) Sales of Graphite shafts on Glendale (1st Month) Sales of Forged iron heads on Glendale (1st Month) Sales of Metal Wood heads on Glendale (1st Month) Sales of Titanium Insert heads on Glendale (1st Month) Sales of Set - Steel, Metal on Glendale (1st Month) Sales of Set - Steel Insert on Glendale (1st Month) Sales of Set - Graphite, Metal on Glendale (1st Month) Sales of Set - Graphite, Insert on Glendale (1st Month) Sales of Steel shafts on Glendale (1st Month) Sales of Graphite shafts on Glendale (1st Month) Sales of Forged iron heads on Glendale (1st Month) Sales of Metal Wood heads on Glendale (1st Month) Sales of Titanium Insert heads on Glendale (1st Month) Sales of Set - Steel, Metal on Glendale (1st Month) Sales of Set - Steel Insert on Glendale (1st Month) Sales of Set - Graphite, Metal on Glendale (1st Month) Sales of Set - Graphite, Insert on Glendale (1st Month) Sales of Steel shafts on Tucson (1st Month) Sales of Graphite shafts on Tucson (1st Month) Sales of Forged iron heads on Tucson (1st Month) Sales of Metal Wood heads on Tucson (1st Month) Sales of Titanium Insert heads on Tucson (1st Month)

30 2000 0 0 0 53.5 0 100 200 30 2000 0 0 0 34.26540284 0 100 200 30 2000 0 0 0 34.26540284 0 2000 100 15 2000

-3.5 0 -118 -78 -20 0 0 0 0 0 5.81042654 0 0 0 0 -2.132701422 -0.132701422 -6.170616114 -2.170616114 0 -96.94312796 -55 -11.94312796 0 0 0.1937046 0 0 7.539951574

30 100 0 0 0 0 2000 2000 2000 2000 2000 200 100 300 400 0 100 200 30 100 0 0 0 0 2000 2000 2000 2000 2000

1070 1900 53.5 53.5 53.5 53.5 1E+30 1E+30 1E+30 1E+30 723 1E+30 1E+30 1E+30 1E+30 1032.857143 824.2562248 803.3333333 803.3333333 1900 34.75961538 34.26540284 34.75961538 34.26540284 1E+30 403 1E+30 1E+30 377.8125

30 1E+30 0 0 0 1E+30 2000 1900 1800 1970 760.8518998 200 100 300 365.7345972 0 100 200 30 1E+30 0 0 0 1E+30 2000 1950 1900 1985 930.7815006

14

$D$100 $D$101 $D$102 $D$103 $D$95 $D$96 $D$97 $D$98 $D$99 $D$100 $D$101 $D$102 $D$103 $R$15 $R$16 $R$27 $R$28 $R$38 $R$39 $M$53 $O$53 $N$53 $L$60 $M$66 $M$73 $M$74 $M$75 $M$76 $M$77

Sales of Set - Steel, Metal on Tucson (1st Month) Sales of Set - Steel Insert on Tucson (1st Month) Sales of Set - Graphite, Metal on Tucson (1st Month) Sales of Set - Graphite, Insert on Tucson (1st Month) Sales of Steel shafts on Tucson (1st Month) Sales of Graphite shafts on Tucson (1st Month) Sales of Forged iron heads on Tucson (1st Month) Sales of Metal Wood heads on Tucson (1st Month) Sales of Titanium Insert heads on Tucson (1st Month) Sales of Set - Steel, Metal on Tucson (1st Month) Sales of Set - Steel Insert on Tucson (1st Month) Sales of Set - Graphite, Metal on Tucson (1st Month) Sales of Set - Graphite, Insert on Tucson (1st Month) Labor on Chandler (2nd Month) Packing on Chandler (2nd Month) Labor on Glendale (2nd Month) Packing on Glendale (2nd Month) Labor on Tucson (2nd Month) Packing on Tucson (2nd Month) Assembly Time on Chandler (2nd Month) Assembly Time on Tucson (2nd Month) Assembly Time on Glendale (2nd Month) Advertising (2nd Month) Graphite (in pounds) (2nd Month) Sales of Steel shafts on Chandler (2nd Month) Sales of Graphite shafts on Chandler (2nd Month) Sales of Forged iron heads on Chandler (2nd Month) Sales of Metal Wood heads on Chandler (2nd Month) Sales of Titanium Insert heads on Chandler (2nd Month)

0 0 0 14.63680387 0 2000 100 15 2000 0 0 0 14.63680387 11027.75 20000 15000 23148.95735 20042.03125 35000 3477.5 5514.84375 2055.924171 18262.14624 623.4797467 0 100 200 30 2000

0 0 0 0 -4.8062954 0 -6.113801453 -1.113801453 0 -141.9612591 -90 -1.96125908 0 0 1.496666667 1.543127962 0 0 1.084615385 0 0 0 0 0 0 0 0 0 1.9

200 100 300 400 0 50 100 15 100 0 0 0 0 12000 20000 15000 40000 22000 35000 5500 6000 5000 20000 1000 2000 2000 2000 2000 2000

1E+30 1E+30 1E+30 1E+30 403 1950 355.5882353 355.5882353 1900 14.53125 14.63680387 14.53125 14.63680387 1E+30 2509.032258 5176.666667 1E+30 1E+30 1552.5 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 1E+30 580.4477612

200 100 300 385.3631961 0 1E+30 100 15 1E+30 0 0 0 1E+30 972.25 6420 3615 16851.04265 1957.96875 17647.5 2022.5 485.15625 2944.075829 1737.853762 376.5202533 2000 1900 1800 1970 622.3076923

15

$M$78 $M$79 $M$80 $M$81 $M$73 $M$74 $M$75 $M$76 $M$77 $M$78 $M$79 $M$80 $M$81 $N$73 $N$74 $N$75 $N$76 $N$77 $N$78 $N$79 $N$80 $N$81 $N$73 $N$74 $N$75 $N$76 $N$77 $N$78 $N$79

Sales of Set - Steel, Metal on Chandler (2nd Month) Sales of Set - Steel Insert on Chandler (2nd Month) Sales of Set - Graphite, Metal on Chandler (2nd Month) Sales of Set - Graphite, Insert on Chandler (2nd Month) Sales of Steel shafts on Chandler (2nd Month) Sales of Graphite shafts on Chandler (2nd Month) Sales of Forged iron heads on Chandler (2nd Month) Sales of Metal Wood heads on Chandler (2nd Month) Sales of Titanium Insert heads on Chandler (2nd Month) Sales of Set - Steel, Metal on Chandler (2nd Month) Sales of Set - Steel Insert on Chandler (2nd Month) Sales of Set - Graphite, Metal on Chandler (2nd Month) Sales of Set - Graphite, Insert on Chandler (2nd Month) Sales of Steel shafts on Glendale (2nd Month) Sales of Graphite shafts on Glendale (2nd Month) Sales of Forged iron heads on Glendale (2nd Month) Sales of Metal Wood heads on Glendale (2nd Month) Sales of Titanium Insert heads on Glendale (2nd Month) Sales of Set - Steel, Metal on Glendale (2nd Month) Sales of Set - Steel Insert on Glendale (2nd Month) Sales of Set - Graphite, Metal on Glendale (2nd Month) Sales of Set - Graphite, Insert on Glendale (2nd Month) Sales of Steel shafts on Glendale (2nd Month) Sales of Graphite shafts on Glendale (2nd Month) Sales of Forged iron heads on Glendale (2nd Month) Sales of Metal Wood heads on Glendale (2nd Month) Sales of Titanium Insert heads on Glendale (2nd Month) Sales of Set - Steel, Metal on Glendale (2nd Month) Sales of Set - Steel Insert on Glendale (2nd Month)

0 0 0 53.5 0 100 200 30 2000 0 0 0 53.5 0 100 200 30 2000 0 0 0 34.26540284 0 100 200 30 2000 0 0

0 0 0 0 -2.706666667 -2.266666667 -3.963333333 -2.18 0 -88.96 -54.96 -11.6 0 0 0 0 0 5.40436019 0 0 0 0 -1.000947867 -0.560947867 -4.544075829 -1.264075829 0 -66.48530806 -29.2

200 100 300 400 0 100 200 30 100 0 0 0 0 2000 2000 2000 2000 2000 200 100 300 400 0 100 200 30 100 0 0

1E+30 1E+30 1E+30 1E+30 1605 1605 1284 1070 1900 53.5 53.5 53.5 53.5 1E+30 1E+30 1E+30 1E+30 723 1E+30 1E+30 1E+30 1E+30 1032.857143 1032.857143 803.3333333 803.3333333 1900 34.75961538 34.26540284

200 100 300 346.5 0 100 200 30 1E+30 0 0 0 1E+30 2000 1900 1800 1970 1035.333333 200 100 300 365.7345972 0 100 200 30 1E+30 0 0

16

$N$80 $N$81 $O$73 $O$74 $O$75 $O$76 $O$77 $O$78 $O$79 $O$80 $O$81 $O$73 $O$74 $O$75 $O$76 $O$77 $O$78 $O$79 $O$80 $O$81

Sales of Set - Graphite, Metal on Glendale (2nd Month) Sales of Set - Graphite, Insert on Glendale (2nd Month) Sales of Steel shafts on Tucson (2nd Month) Sales of Graphite shafts on Tucson (2nd Month) Sales of Forged iron heads on Tucson (2nd Month) Sales of Metal Wood heads on Tucson (2nd Month) Sales of Titanium Insert heads on Tucson (2nd Month) Sales of Set - Steel, Metal on Tucson (2nd Month) Sales of Set - Steel Insert on Tucson (2nd Month) Sales of Set - Graphite, Metal on Tucson (2nd Month) Sales of Set - Graphite, Insert on Tucson (2nd Month) Sales of Steel shafts on Tucson (2nd Month) Sales of Graphite shafts on Tucson (2nd Month) Sales of Forged iron heads on Tucson (2nd Month) Sales of Metal Wood heads on Tucson (2nd Month) Sales of Titanium Insert heads on Tucson (2nd Month) Sales of Set - Steel, Metal on Tucson (2nd Month) Sales of Set - Steel Insert on Tucson (2nd Month) Sales of Set - Graphite, Metal on Tucson (2nd Month) Sales of Set - Graphite, Insert on Tucson (2nd Month)

0 34.26540284 0 50 100 15 2000 0 0 84.84375 0 0 50 100 15 2000 0 0 84.84375 0

-3.685308057 0 0 0 0 0 6.083076923 0 0 0 0 -3.974615385 -0.534615385 -4.819230769 -0.659230769 0 -117.2 -72.77307692 0 -7.973076923

0 0 2000 2000 2000 2000 2000 200 100 300 400 0 50 100 15 100 0 0 0 0

34.75961538 34.26540284 1E+30 1E+30 1E+30 1E+30 1156.981534 1E+30 1E+30 1E+30 1E+30 2000 1950 1900 1985 1900 84.84375 85.46004843 84.84375 85.46004843

0 1E+30 2000 1950 1900 1985 194.0625 200 100 215.15625 400 0 50 100 15 1E+30 0 0 1E+30 0

17