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!
A company produces and sells two different products. The demand for each product is unlimited, but the company is constrained by cash availability and machine capacity. Each unit of the first and second product requires 3 and 4 machine hours, respectively. There are 20,000 machine hours available in the current production period. The production costs are $3 and $2 per unit of the first and second product, respectively. The selling prices of the first and second product are $6 and $5.40 per unit, respectively. The available cash is $4,000: furthermore. 45% of the sales revenues from the first product and 30% of the sales revenues from the second product will be made available to finance operations during the current period.
(a) Formulate a linear programming problem that aims at maximizing net income subject to the cash availability and machine capacity limitations. Clearly indicate your decision variables, your objective function, and your constraints.
(b) Solve this in Excel. Attach the Answer Report to your HW. Be sure to indicate on it if you worked with anyone else.
(c) Suppose that the company could increase its available machine hours by 2,000, after spending $400 for certain repairs. Should the investment be made?
The company wants to find out the optimal production strategy that maximizes the weekly profit.
What are examples of external and internal change agents
Investigate any manufacturing organization and gather information about its materials system. Prepare a flowchart, with details that depict the organizations materials system.
what are the different types of inventories maintained by a typical business entity?what is the significance of
Explain the difference between rationalist and incrementalist strategy. Who are the main protagonists of the theories? How have the debates regarding these theories.
Identify and explain what an organization's foundation is based on. In addition, describe two steps an organization can take if they truly want to increase employee morale.
Leaders often work on organizational vision and mission statements. Create a vision and mission statement to help guide someone through their personal life.
Illustrate what is optimal order quantity. Illustrate what is annual holding cost. Illustrate what is annual ordering (setup) cost. Illustrate what are annual costs of silverware itself with an optimal order quantity.
Create a set of meeting rules that you would insist upon as a project manager of a large project team for weekly update meetings. you can create hypothetical project or use one from your business or professional experience.
Which areas of corporate activity should be open to broader scrutiny through shareholder resolutions? How much stake in the company should a shareholder have in order to present a resolution?
Top management members do not want a tall organization, so they should ________.
Evaluate the moral quality of DuPont's strategies after 1978 in terms
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