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The Toys-R-4-U Company has developed two new toys for possible inclusion in its product line. Setting up the production facilities to begin production would cost $50,000 for toy 1 and $80,000 for toy 2 and the toys would generate a unit profit of $10 for toy 1 and $15 for toy 2.The company has 2 factories that are capable of producing these toys. However, to avoid doubling the start-up costs, just one factory would be used, where the choice would be based on maximizing profit. For administrative reasons, the same factory would be used for both new toys if both are produced.Toy 1 can be produced at the rate of 50 per hour in factory 1 and 40 per hour in factory 2. Toy 2 can be produced at the rate of 40 per hour in factory 1 and 25 per hour in factory 2. Factories 1 and 2, respectively, have 500 hours and 700 hours of production time available that could be used to produce these toys.The problem is to determine how many units (if any) of each new toy should be produced to maximize the total profit.a)Formulate an MIP model for this problem. b)Solve the problem using GAMS and state the optimal solution.
provide a basis for drawing analysis-based conclusions about the attractiveness of the industries a company has diversified into, both individually and as a group, and further to provide an indication of which industries offer the best and worst l..
HRM has transitioned over the last couple of decades from back office support to strategic partner
please link to an advertisement that exemplifies consumption as described in the text and define its relation to the material in the text
Determine strength of causal relationship between monthly sales also new home construction by using correlation.
Suppose we are ordering computer chips. Suppose that in each order, exactly 10% of all chips are defective. As soon as the order arrives, we ?nd out which chips are defective and return them for a complete refund
How do you determine if the conclusions of empirical research are logically supported or not? Do conclusions that are not logically supported invalidate the entire study? Why or why not?
Express objectives of aggregate (production) planning and relationship between aggregate plan and master production schedule.
Which stage of the product life cycle would you place smart phones in, and why would you so place them? Which stage of the product life cycle would you place DVD players in and why would you so place them?
A student team in a business statistics course wanted to determine if there was a difference in average download times for the three different types of computers
Midwest Nut Organization produces cans of mixed-nuts on a high volume assembly line. Using data of last two months, it established average also range control charts to monitor the can-weight. Is the process still in control.
Assume that you work for a New Zealander company exporting a container of kiwis to Azerbaijan or Haiti. The customs official informs you that there is a delay in clearing your container through customs, and it may last a month
Illustrate what are political behaviours and dimensions of political behaviour. Illustrate what influences political behaviour. Explain how does power play a role in political behaviour.
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