Assignment 2 (Group Assignment minimum of THREE and Maximum of FOUR students) 20% Due date: 20 Sep 2012
Examination (three hours exam) 60% University Exam Period
Note: Borderline fails in this course are determined when the final overall mark is in the range 45-49 inclusive. Please note that:
• Both assignments must be accompanied by an Assignment Cover Sheet.
• Both assignments must be submitted electronically through Grade Centre in Blackboard with a Turnitin report attached. This provides us with evidence of the time and date of submission.
• Hard copies of both assignments must also be submitted on the due date in the Lecture. All assignments are to be word-processed. Don’t send your assignments by email.
• Assessment tasks may be varied with the documented consent of 70% of students enrolled in the course.
• The assessed assignments will be returned to students within two weeks of the due date.
• For both Assignments (1 and 2) you MUST provide the mathematical formulation of the problem. Assignment 1: Individual Assignment 20% Marks Due date: 23 August 2012 (no word limit) Case Study: Scottsville Textile Mill
The Scottville Textile Mill produces five different fabrics. Each fabric can be woven on one or more of the mill’s 38 looms. The sales department’s forecast of demand for the next month is shown in Table 1, along with data on selling price per yard, variable cost per yard and purchase price per yard. The mill operates 24 hours a day and is scheduled for 30 days during the coming month.
Table 1 Monthly Demand, selling proce, variable cost, amnnd purchsing price data Fabric | Demand (yards) | Selling Price($/yard) | variable cost ($/yard) | Purchase price ($/yard | 1 | 16500 | 0.99 | 0.66 | 0.80 | 2 | 22000 | 0.86 | 0.55 | 0.70 | 3 | 62000 | 1.10 | 0.49 | 0.60 | 4 | 7500 | 1.24 | 0.51 | 0.70 | 5 | 62000 | 0.70