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A paper recycling company converts newspaper, mixed paper, white office paper, and cardboard into pulp for newspring, packaging paper, and print stock quality paper. The following table summarizes the yield for each kind of pulp recovered from each ton of recycled material. Recycling Yield Newsprint Packaging Print Stock Newspaper 85% 80% 2014 Mixed Paper 90% 80% 70% White Office Paper 90% 85% 80% Cardboard 80% 70% -- For instance, a ton of newspaper can be recycled using a technique that yields a 0.85 tons of newsprint pulp. Alternatively, a ton of newspaper can be recycled using a technique that yields 0.80 tons of packaging paper. Similarly, a ton of cardboard can be recycled to yeild0.80 tons of newsprint or 0.70 tons of packaging paper pulp. Note that newspaper and cardboard cannot be converted to print stock pulp using the techniques available to the recycler The cost of processing each ton of raw material into the various types of pulp is summarized in the following table along with the amount of each of the four raw materials that can be purchased and their cost. Processing Costs per Ton Purchase costs per ton Tons available Newsprint Packing Print Stock Newspaper $6.50 $11 -- $15 600 Mixed Paper $9.75 $12.25 $9.50 $16 500 White office paper $4.75 $7.75 $8.50 $19 300 Cardboard $7.50 $8.50 -- $17 400 The recycler wants to determine the least costly way of producing 500 tons of newsprint pulp, 600 tons of packing paper pulp, and 300 tons of print stock quality pulp. What is the optimal solution?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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