Production plan which maximizes total contribution

Assignment Help Business Management
Reference no: EM133556711

Question

A firm make two products fork and knife. Fork has a contribution of $3 per unit and knife $4 per unit. The firm wishes to establish weekly production plan which maximizes its total contribution. The production data is as follows: PER UNIT Machining (Hrs) Labour (Hrs) Material (kgs) Fork 4 4 1 Knife 2 6 1 Total Available Per Week 100 180 40 Because of a trade agreement, sales of fork are limited to a weekly maximum of 20 units and to honour an agreement with an old customer, at least 10 units of knife must be sold per week. solved graphically. Maximize 3f + 4k. Draw up the axis of the graph make sure it is calibrated appropriately.

Reference no: EM133556711

Questions Cloud

Comprehensive summary for the big data : Detailed - Comprehensive Summary for The Big Data, The Management Revolution article.
Analyze the essential elements of a valid contract : Discuss and analyze the essential elements of a valid contract in the memorandum. In addition, discuss the benefits of a confidentiality agreement
List all the facts after the murder that a jury could infer : List all the facts after the murder that a jury could infer proved Mrs. Ulvinen participated before or during the murder itself. According to the court
Is there something unjust about extreme inequality : Have you come to recognize personal stereotypes that you hold (give yourself grace, we all are guilty of this) about others?
Production plan which maximizes total contribution : The firm wishes to establish weekly production plan which maximizes its total contribution.
What are some recent lawsuits brought by parents of students : What are some recent lawsuits brought by parents of students with special needs against the Board of Education for not adequately educating their children
Construct a legal status letter to a client : construct a legal status letter to a client. Remember that the purpose of a status letter is to let the client know what is going on in their case.
Essay of the perspectives of gerhard lenski-leslie white : Comparing and contrasting essay of the perspectives of Gerhard Lenski, Leslie White, and Alvin Toffler with respect to the evolution of technology.
What is secondary victimization : What is secondary victimization? What programs are there that specifically addresses and attempts to reduce this particular type of victimization?

Reviews

Write a Review

Business Management Questions & Answers

  Estimate the cost of a project

1.Using a spreadsheet, prepare a roll-up estimate of your project costs. To prepare your estimate, follow these guidelines: ?Use a completely decomposed WBS as your basis.

  Difference between self-image and ideal self-image

1. Students begin by identifying those qualities they admire most in peers, and by comparing their self-image with these qualities.

  Procedure for a fund withdrawal

In a real estate agency procedure for a fund withdrawal (disbursement) from a trust account

  Examine the concept of employment at will

Examine the concept of "employment at will" and the public policy exceptions to it. How does it fit with the issue of "wrongful discharge?"

  Explain what are the revelant details of geert hofstede

explain what are the revelant details of geert hofstede research of both american beliefs and japanese charactericts

  Cross-functional and self-managed

a. Discuss how work groups of the future, including management, will be cross-functional and self-managed. b. Give examples of cross-functional teams used in other companies.

  Discussing inspirational leadershipscenario you were

discussing inspirational leadershipscenario you were recently hired as a new manager in a company. you are fresh out of

  Segments in the absence of congestion

Assume that every TCP segment is 1 Kbytes and that a TCP connection begins with a 64- Kbyte congestion threshold. How many TCP segments have to be acknowledged before the congestion window reaches 100 segments in the absence of congestion?

  Clearly define and discuss situational leadership style

1. Clearly define and discuss situational leadership style. 2. Describe a leader who personifies situational leadership style.

  Identified internal employee stakeholder in food industry

describe the level of influence of the identified internal employee stakeholder in the food industry, group, and organizations involved in enforcing

  Explain in which ways porter five forces model

Explain in which ways Porter's "Five Forces Model" can be used to evaluate the forces that have shaped TESLA's strategic development and execution

  The evolutionary view of religion emerges

The evolutionary view of religion emerges as. What is the first Abrahamic religion? Psychiatrist who claimed that religion could be overcome through therapy.

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