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The Skimmer Boat Company manufactures three kinds of molded fiberglass recreational boats—a bass fishing boat, a ski boat, and a speedboat. The profit for a bass boat is $20,500, the profit for a ski boat is $12,000, and the profit for a speedboat is $22,300. The company believes it will sell more bass boats than the other two boats combined but no more than twice as many. The ski boat is its standard production model, and bass boats and speedboats are modifications. The company has production capacity to manufacture 210 standard (ski-type) boats; however, a bass boat requires 1.3 times the standard production capacity, and a speedboat requires 1.5 times the normal production capacity. In addition, a bass boat uses one high-powered engine and a speedboat uses two, and only 160 high-powered engines are available. The company wants to know how many boats of each type to produce to maximize profit. Formulate and solve an integer programming model for this problem.
Metal frames for kick scooters are manufactured in two steps: Stamping and assembly. Each frame is made up of three pieces: one unit of part A and two units of part B. At assembly, parts are assembled manually to form the finished products. The three..
A manufacturer of gummi products (gummi bears, worms, mice, etc.) is planning to expand its production capabilities via a new factory. They are trying to choose amongst the following cities for it: Mt. Vernon, OH, and Mt. Vernon, IA. Keeping the assu..
What is the average setup cost per year? What is the total cost per year, including the cost of the lights?
Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.
Share your thoughts on the Automatic Investment Plan (AIP). Does the AIP make sense for most people? Does it make sense for you? Do you plan to follow the principles of the AIP? Why or why not? in 75 to 150 words only.
Things That Are Not Included In Flow Chart
What are some of the challenges that are faced in industry today with regard to schedules and time fences?
The problem requires an excel solution and an algebraic solution with variables: During the month of July, Pittsburgh resident BIll Fly must make four round trip flights between Pittsburgh and Chicago.
A major television manufacturer has determined that its 19-inch color TV picture tubes have a mean service life that can be modeled by a normal distribution with a mean of 7.8 years and a standard deviation of 1.4. What service period would achieve a..
What is the break even quantity between buying and making and With the change in lead times, the pipeline inventory and What was the inventory turnover
We examined nine different types of selection methods in this chapter. Assume that you were just rejected for a job based on one of these methods. Obviously, you might be disappointed and angry regardless of what method was used to make this decision..
The case focuses on John Lasseter, who currently is the creative head of Disney Animation Studios and Pixar Animation Studios, both of which are owned by The Walt Disney Company.
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