Determine the optimal quantities of the decision variables

Assignment Help Operation Management

Reference no: EM13230348

A wood products firm uses available time at the end of each week to make goods for stock. Currently, two products on the list of items are produced for stock: a chopping board and a knife holder. Both items require three operations: cutting, gluing, and finishing. The manager of the firm has collected the following data on these products:

		Time per Unit(minutes)
Item	Profit/Loss	Cutting	Gluing	Finishing
Chopping board	$2	1.4	5	12
Knife Holder	$6	0.8	13	3

The manager has also determined that, during each week, 56 minutes are available for cutting, 650 minutes are available for gluing, and 360 minutes are available for finishing.

a. Determine the optimal quantities of the decision variables.

b. Which resources are not completely used by your solution? How much of each resource is unused?

Reference no: EM13230348

Questions Cloud

What probability of failure per time interval for a switch : If a circuit contains 3 automatic switches and we want that, with a probability of 95%, during a given time interval they are all working, what probability of failure per time interval can we admit for a single switch

Explain what is the oxygen ion : What is the pH of a 0.0278 M solution of CaO? HINT: CaO is ionic and dissociates into ions. What is the oxygen ion that results? What kind of an acid or base is it? You need to write out the acid/base reaction to get the stoichiometry right.

Conclude that is there a difference in the two amounts : Conclude that is there a difference in the two amounts?

Design a performance appraisal form for a position : Finally: specify the rating format that will be used: Will employees, for example, be compared to some absolute external standard or will they be compared to their peers?

Determine the optimal quantities of the decision variables : Determine the optimal quantities of the decision variables and which resources are not completely used by your solution? How much of each resource is unused?

Compare a utilitarian and a libertarian view : Compare a Utilitarian and a Libertarian view on the importance and enforcement of consumer rights.

Identify strategies of the company during the time period : Study company's website, analyst reports, annual reports, and scholarly articles to gather data for the 5 year period and analyze the company's financials, competitive environment, leadership/governance, and workforce.

Explain what is the percent yield of the synthesis : When 8.6 g of toluene is mixed with 9 g of pure nitric acid, only 6.7 g of trinitrotoluene (TNT) is recovered from the mixture when it is separated from other undesired byproducts. What is the percent yield of the synthesis? C7H8 + 3 HNO3(l) ? C7H..

Find the probability that screws drawn will be nondefective : Three screws are drawn at random from a lot of 100 screws, 10 of which are defective. Find the probability that the screws drawn will be nondefective in drawing (a) with replacement, (b) without replacement.

User Account

All Pages