Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
-The Otto Maddick Machine Tool Company produces two products, muffler bearings and torque amplifiers. One muffler bearing requires 0.125 hours of assembly labor, 0.25 hours in the stamping department and 9 square feet of sheet metal. Each torque amplifier requires 1/3 hours in assembly and 0.25 hours in stamping and uses 6 square feet of sheet metal. Current capacities are 400 hours of assembly labor and 375 hours of stamping capacity. Sheet steel costs $0.15 per square foot. Muffler bearings sell for $9 and torque amplifiers sell for $11.00. Use linear optimization to find the number of each product to make to maximize profit. Do not constrain the solution to integers. The available amount of sheet steel may be considered unlimited. The cost of Labor is not charged to the products. A new product called the furtengrinder uses 0.5 hours of assembly time and 10 square feet of sheet metal and sells for $32.10.
Use shadow prices from Solver's sensitivity report to determine the maximum number of stamping hours it could use before it would become unprofitable to produce furtengrinders.
Please show formulas input in excel and the solver parameters (i.e objective, changing variable cells, and constraints). Please provide a detailed step-by-step description of your proposed solution.
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..
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..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
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 of DVD players. Determine the appropriate reorder point.
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.
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 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.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd