Define decision variables and formulate the problem

Assignment Help Operation Management
Reference no: EM13251930

Creative sports design (CSD) manufactures a standard size racket and an over sized racket. The firm's rackets are extremely light due to the use of a magnesium- graphite alloy that was invented by the firm's founder. Each standard size racket uses 0.125 kilograms of the alloy and each oversize racket uses 0.4 kilograms; over the next two week production period only 80 kilograms of the alloy are available. Each standard size racket uses 10 min. of manufacturing timeand each oversize racket uses 12 min. The profit contributions are $10 for each standard size racket and $15 for each oversized racket, and 40 hours of manufacturing time are available each week. Managment specified that at least 20% of the total production must be the standard size racket. How many rackets of each type should CSD manufacture over the next 2 weeks to maximize the total profit contributions? Assume that because of the unique nature of their products, CSD can sell as many rackets as they can produce?

a. define decision variables and formulate the problem.
b. solve the problem using the graphical method

 

Reference no: EM13251930

Questions Cloud

Explain diagram to rationalize the stability : Tetrahedral complexes of Co2+ are quite common. Use a d-orbital splitting diagram to rationalize the stability of Co2+ tetrahedral complex ions.
Explain the stability of co2+ tetrahedral complex ions : Tetrahedral complexes of Co2+ are quite common. Use a d-orbital splitting diagram to rationalize the stability of Co2+ tetrahedral complex ions.
How can the results be used to determine the branch currents : (1) After writing the equations for mesh analysis, what parameters will be calculated How can the results be used to determine the branch currents (2) When working with Thevenin's, list the steps for solving for Vth and Rth.
What are some debugging techniques for javascript : What are some common programming errors? How can they be prevented? What is the try catch structure, how is it useful? What are some debugging techniques for JavaScript?
Define decision variables and formulate the problem : Assume that because of the unique nature of their products, CSD can sell as many rackets as they can produce?
Explain masses of nacl and water are needed to prepare : what masses of NaCl and water are needed to prepare 1000g of a solution that is 0.90% by mass
Convert the payoff matrix to utility values : Suppose that the utility function for the owner of Morely Properties can be approximated by the exponential utility function U(X) = 1 - e^(-x/R) where the risk tolerance value R=100 (in $1,000s).
Enhancement of a current widget : Enhancement of a current widget being offered by our company and risk of completion of project on time is low.
What does the inductor current waveform look like : Assume a buck converter contains a synchronous rectifier. Does it operate in the discontinous conduction mode at light load Why What does the inductor current waveform look like

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

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 in hospitality enterprise

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..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd