Manufacturer wants to maximize the profit of two products

Assignment Help Operation Management
Reference no: EM131770024

A manufacturer wants to maximize the profit of two products. Product I yields a profit of $ 1.50 per unit, and product II yields a profit of $2.00 per unit. Market tests and available resources have indicated the following constraints:

• The combined production level should not exceed 1200 units per month.

• The demand for product II is no more than half the demand for product I.

• The production level of product I is less than or equal to 600 units plus three times the production level of product II.

Reference no: EM131770024

Questions Cloud

Emotional intelligence in conducting disciplinary action : Explain the need for emotional intelligence in conducting disciplinary action?
Describe their descope-lien list and cash reserve approaches : Describe their “de-scope,” “lien list,” and “cash reserve” approaches. How did a change in philosophy make such a drastic difference in project cost?
Intellectual property protection measures : In business, do you feel the best defense is good offense? is constant innovation and improvement more important than intellectual property protection measures?
Compute the maximum inventory : Compute the economics production quantity. Compute the maximum inventory.
Manufacturer wants to maximize the profit of two products : A manufacturer wants to maximize the profit of two products. Market tests and available resources have indicated the following constraints:
Tesco and their virtual store technology was implemented : At the start of new business, TESCO and their virtual store technology was implemented and did well in South Korea.
What is the role of certification systems : What is the role of certification systems? Argue your answer using Porter’s five forces as a frame of reference?
Social responsibility-environmentally sustainable polices : How you think (Whole Foods ) has ethics, social responsibility, or environmentally sustainable polices that directly contribute to its competitive advantage.
During the human resource planning process : Which of the following questions might be answered during the human resource planning process? Check all that apply.

Reviews

Write a Review

Operation Management Questions & Answers

  Key principles related to the multi-dimensional approach

Briefly explain, in your own words, two key principles related to the multi-dimensional approach to decision-making discussed in Darwin’s publications and describe how the two selected principles apply to the Nine Dragons case study.

  Movie with an emphasis on how assumptions move the plot

Review the movie with an emphasis on how assumptions move the plot. The plot moves on the wrong assumption made by Lenato that Beatrice loves Benedick.

  Which country outside the us differs the most

Which country outside the US differs the most from the United States regarding Pay and Benefits.

  Examining business strategy and the five forces model

Examining Business Strategy and the Five Forces Model: What do you see as the key success factors for firms in the online auction industry?

  Potential benefits and risks of global strategic alliances

What are the potential benefits and risks of global strategic alliances? What actions can a firm take to minimize the risks and maximize the benefits? Find an example of a firm that has been involved in a global strategic alliance.

  Globalization-people behavior and values are increasingly

With globalization, people’s behavior and values are increasingly becoming similar, and especially so in organizations.

  What percentage of finished units will have the attributes

A production process at Firsten Last, Inc. has two in-line stages. What percentage of finished units will have the following attributes?

  Identify the appropriate strategies

Which of the following management controls and compensation policies is consistent with implementing cost leadership? With product differentiation? With both cost leader-ship and product differentiation? With neither cost leadership nor product ..

  Pension destruction act-workers benefit protection act

Many employers provide health and or pension benefits to theri employee. For those employers who do provide benefits, they must comply with the following federal laws: Pension Destruction Act; Mental Health Parity and Addiction Equity Act; Older Work..

  Evaluate your layout using a distance-times-flow measure

Evaluate your layout using a distance-times-flow measure. Assume that distance is measured rectilinearly.

  Now considering ways to increase its capacity

Gary's Gizmos has enjoyed rising customer demand for the past few years and is now considering ways to increase its capacity.

  What techniques for changing organizational culture

What are the observable artifacts, espoused values, and basic assumptions associated with Cisco's culture? Explain.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd