Planning for new manufacturing facility

Assignment Help Operation Management
Reference no: EM131305872

PJ Shops is planning to expand its facilities. Currently they are planning for a new manufacturing facility in Lyman. The shop they have purchased for this expansion has 50,000 square feet of useable space. The budget for the expansion project is 10,000,000. Management is attempting to allocate this space among four departments. Historical trends are shown in the following table:

Profit (sqft)      Invest (sqft)      Min. Size          Max. Size  

Grind               40.00               120                  10,000             25,000

Broach 30.00               240                  20,000             35,000

Mill                  25.00               150                  5,000              10,000

Assemble         15.00               50                   2,000              10,000

Additionally, the Grind department cannot be more than 15% larger than the Broach department

Requirement 1: provide your profit-maximizing LP formulations (state the objective function and constraints)

Requirement 2: provide the Excel Solver solution in a screen capture for the problem.

Reference no: EM131305872

Questions Cloud

How can online retailers form strong relationships : How can online retailers form strong relationships with customers that are technology adverse?
Do you agree with the proposed policy solutions : State your position on the issue. Do you agree with the proposed policy solutions? Why or why not? Recommend your own policy solution, if you do not agree with any of the proposed policy alternatives.
Sample size formulas for nonprobability samples : Which of the following statements is true of sample size formulas for nonprobability samples? In which stage of the sampling plan will random-digit dialing probably be considered?
What product have you purchased from this brand : What product(s) have you purchased from this brand?Why did you purchase this product?What made you interested in buying this product compared to a competitor?What would you do to influence other consumers to purchase from this brand's product line?
Planning for new manufacturing facility : PJ Shops is planning to expand its facilities. Currently they are planning for a new manufacturing facility in Lyman. The shop they have purchased for this expansion has 50,000 square feet of useable space. Additionally, the Grind department cannot b..
Who are the stakeholders involved in the policy topic : How does the policy topic affect society? Who are the stakeholders (directly or indirectly) involved in the policy topic? What are the key questions or controversies associated with the policy topic?
Why each type of information may be important to the person : Choose one category and provide examples of the types of information the person would be interested in. Explain why each type of information may be important to the person.
Take as law enforcement official in gangs area of operation : Finally outline what steps, based on this week's studies, you would take as a law enforcement official in the gang's area of operation to control the gang you chose.
Evaluate 2 proposed alternatives regarding the insulin pump : Based on both your quantitative analysis and non quantitative issues identify which alternative should be selected and support your decision.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

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 in hospitality enterprise

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..

  Managing operations and information

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..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

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

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

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.

  A make or buy analysis

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

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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