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A manufacturer sells two types of products. Product 1 is sold at a price of $50 per unit and product 2 at a price of $60 per unit. Three units of raw material and 1.5 labor hours are needed to manufacture one unit of product 1. Six units of raw material and 2 labor hours are needed to manufacture one unit of product 2. The unit variable cost for product 1 is $30, and for product 2 is $20. A total of 15,000 units of raw material and 10,000 labor hours are available. If any product 1 is produced, a setup cost of $20,000 is incurred; if any product 2 is produced, a setup cost of $35,000 is incurred. Determine how to maximize the manufacturer’s profit.
a) What is the effective capacity for product 1 and product 2, respectively?
b) In the optimal solution, which product(s) will be manufactured? What is the optimal production quantity? What is the optimal profit?
Develop a multilevel work breakdown structure (WBS) and create a detailed project schedule in MS Project for the project you identified.
At Ionic, a large retailer of popular electronics, demand is constant at 32,000 devices per year. The cost of placing an order to replenish stock is $10, and annual cost of holding a device is $4 per device.
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The ability to protect the firewall by opening very narrow point-to-point connections and opening a small number of commonly used ports.
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The marketing function's main concern is with
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For the scenario provided, calculate the two costs of two different strategies: a. level annual production with inventory and stockout b. matching or chasing demand.
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By applying the demand and supply model, analyze the impact of events in the article on the market price and quantity of co
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