Determine optimal quantities of decision variables

Assignment Help Operation Management
Reference no: EM1376758

Q. A wood products firm uses available time at end of each week to make goods for stock. Presently, two products on list of items are marked for stock: a chopping board also a knife holder. Both items requisite three operations: cutting, gluing, also finishing. manager of firm has collected subsequent data on se products: TIME PER UNIT (MINUTES) Item Profit/Unit Cutting Gluing Finishing Chopping board $2 1.4 5 12 Knife holder $6 0.8 13 3 manager has also determined which, during each week, 56 minutes are available for cutting, 680 minutes are available for gluing, also 360 minutes are available for finishing. a. Determine optimal quantities of decision variables. b. Which resources are not completely used by your solution? Elucidate how much of each resource is unused?

Reference no: EM1376758

Questions Cloud

Which will allow a random drawing of a set of pre determined : Promotion which I would like to run would be spelling of a 7 letter word. This promotion would be run over a period of 30 days. There will only one card per shoe dealt which will allow a random drawing of a set of pre determined letters.
Deliberate the basic components of the marketing : Deliberate the basic components of the marketing process using a product or service of your choice as an example. Deliberate the roles of social responsibility and technology in the marketing function
How much money should mr jones invest in each type of stock : How much money should Mr. Jones invest in each type of stock to maximize his total expected yield.
Determine optimal order quantity : Leaky a local retailer of plumbing supplies, faces demand for one of its inventoried items at a constant rate of 30,000 units per year it cost Leaky $10 to process
Determine optimal quantities of decision variables : Determine optimal quantities of decision variables. Which resources are not completely used by your solution. Elucidate how much of each resource is unused.
Authorities on instructional design typically suggest : Authorities on instructional design typically suggest that materials be prepared for individualized use by learners before they are equipped for group-oriented
Determine the best for a cost standpoint : A manager is planning to decide whether to buy a certain part or to have it manufactured internally. Internal production could use either of two processes.
Identify key players in this case : Identify key players in this case. Describe each player's role also their relationship to each other. Describe IS management position(s) which were missing at Clarion also suggest candidate(s) to fill roles.
Discuss the relationship among a firm''s organizational : Discuss the relationship among a firm's organizational structure and the integrated logistics management concept.

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