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The Middletown Steel Company supplies castings to a variety of customers. It plans to devote the next week of production to just two of these customers: A Ltd. and B Ltd. Middletown uses a combination of pure steel and scrap metal to fulfill its orders and has 400 pounds of pure steel and 360 pounds of scrap metal in stock. The pure steel costs Middletown $6 per pound and the scrap metal costs Middletown $3 per pound. Pure steel requires 3 hours of processing time per pound to process into a casting, while scrap metal requires only 2 hours of processing time per pound to process into a casting. The total available processing time in the week is 2000 hours. The castings for A Ltd. each require 5 pounds of metal, with a quality restriction that limits the ratio of scrap metal to pure steel to a maximum of 5/7. A Ltd. has ordered 30 castings at a price of $50 each. The castings for B Ltd. each require 8 pounds of metal, with a quality control restriction that limits the ratio of scrap metal to pure steel to a maximum of 2/3. B Ltd. has ordered 40 castings at a price of $80 each.
Formulate an LP that can be used to maximize Middletown’s profit over the next week.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
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An analysis of the holding costs, including the appropriate annual holding cost rate.
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Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
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Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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