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Photo Chemicals produces two types of photograph-developing fluids. Both products cost Photo Chemicals $1 per gallon to produce. Based on an analysis of current inventory levels and outstanding orders for the next month, Photo Chemicals managers have specified that at least 30 gallons of product 1 and at least 20 gallons of product 2 must be produced during the next two weeks. They have also stated that an existing inventory of highly perishable raw material required in the production of both fluids must be used within the next two weeks. The current inventory of the perishable raw material is 80 pounds. Although more of this raw material can be ordered if necessary, any of the current inventory that is not used within the next two weeks will spoil hence the management requirement that at least 80 pounds be used in the next two weeks. Furthermore, it is known that product 1 requires 1 pound of this perishable raw material per gallon and product 2 requires 2 pounds per gallon. Since the firm’s objective is to keep its production costs at the minimum possible level, the managers are looking for a minimum-cost production plan that uses all the 80 pounds of perishable raw material and provides at least 30 gallons of product 1 and at least 20 gallons of product 2.
Develop a linear programming model.
The economies of countries such as Russia and China have historically been operated through centralized bureaucracies
A bakery buys flour in 25-pound bags. the bakery uses 1,215 bags a year. ordering cost is $10 per order. annual carrying cost is $75 per bag. a. what is the average number of bags on hand?
If the balance sheet amounts show $2 million of inventory also $500,000 of property, plant & equipment, illustrate what is the inventory turnover.
what would point some possible conflicts among the key stakeholders interests and what steps would you recommend that he takes to best deal with them?
Sid Das Brick Distributors currently employs 1 worker whose job is to load bricks on outgoing company trucks. An average of 24 trucks per 8 hour shift, arrive at the loading platform, according to a Poisson distribution.
the navawho corporation has patented a new type of handheld computer that will compete with palm pilots blackberries
Main basis for optimum mix of debt also equity in a company is generation of cash flow from investing activities of firm or company. Explain
This solution discussed the similarities and differences between operations and supply chain management. You have been asked to develop a short presentation on comparing and contrasting operations management to supply chain management.
You supply 300,000 small button batteries per year to Light-My-Way, Inc., manufacturer of LED dog collars. The setup cost is $50 and the holding cost is $0.04 per year per battery. You can produce 1500 batteries per day. You ship 750 per day to Li..
A company makes products A and B from 2 resources, labor and material. The company wants to determine the selling price which will maximize profits.
How do ethics and social responsibility influence human behavior in organizations?
delivering on a value proposition demands constant improvement and innovation as competition changes over time along
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