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Eye-Full Optics assembles astronomical telescopes, premium binoculars and student-grade microscopes from imported parts. Each telescope takes 1 hour to assemble, each pair of binoculars 2 hours, and each microscope 3 hours; the availability of skilled labor limits assembly work to 1000 hours per day. Eye-Full has a contract with FedEx, and must ship no less than 500 items per day. A contract with a major retailer requires them to deliver a minimum of 160 telescopes, 250 binocs, and 50 microscopes per day. But there are supply limitations. The telescopes and binocs are shipped with the same eyepieces; each scope has one, and each pair of binocs has two. The subcontractor who supplies the eyepieces can only furnish 800 per day. Similarly, both the binocs and the microscopes use the same prisms; each pair of binocs needs two, and each microscope needs four. The prism supplier can only ship Eye-Full 1400 per day. If Eye-Full makes a profit on $100 on each scope, $200 on each pair of binocs, and $250 on each microscope, how many of each should the company manufacture each day? What is its optimum daily profit? Solve the problem using an online app. Include either a screen shot of the output (preferred), or type the output. Be sure to include the profit function, the constraints, and the complete 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.
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