Production requirements and minimize labor cost

Assignment Help Operation Management
Reference no: EM13844099

A company can decide how many additional labor hours to acquire for a given week. Subcontractors will only work for a maximum of 20 hours for week. the company must produce at least 200 units of product A, 300units of product b, and 400 units of product c. in 1 hour of work, worker 1 can produce 15 units of product a, 10units of product b, and 30 units of product c. worker2 can produce 5 units of product b, 20 units of product b, and 35 units of product c. worker3 can produce 20 units of product a, 15 units of product b, and 25units of product c. worker 1 demands a salary of $50/hr, worker 2 demands of salary $40/hr, and worker3 demands a salary of $45/hr. The company must choose how many hours day should be hire from each worker to meet their production requirements and minimize labor cost

Reference no: EM13844099

Questions Cloud

Mortgage has quoted interest rate : Your aunt sold her house on Dec 31, and to help close the sale she took a second mortgage in the amount of $10,000 as part of the payment. The mortgage has a quoted interest rate of 10%; it calls for payments every 6 months, beginning on June 30, and..
Correlated with gdp per capita : 1.) Give an example of something that is correlated with GDP per capita where it is a clear priori that causation runs from GDP to that measure and not in the other direction?
Total of annual setup cost and annual carrying cost : What setup time minimizes the total of annual setup cost and annual carrying cost if a lot size of 10 is set for the part at the work center? Does it seem reasonable that the setup time could be reduced to this amount? Discuss what could be done at t..
Why did the bantu-speaking people migrate : Why did the Bantu-speaking people migrate
Production requirements and minimize labor cost : A company can decide how many additional labor hours to acquire for a given week. Subcontractors will only work for a maximum of 20 hours for week. the company must produce at least 200 units of product A, 300units of product b, and 400 units of prod..
Difficulties for the owner of the data model : Define in your ownwords what an update anomaly is all about. Deliver a situation where a update anomaly can happen and in what way it can effect difficulties for the owner of the data model.
Movie inside job a documentary by film maker : Access to the movie INSIDE JOB  a documentary by film maker Charles Ferguson, narrated by Mark Damon and exposing events leading to the Economic Crisis of 2008.  Watch it, develop and submit your answers to the questions included. For more informatio..
Companys pretax profits for the previous period : Mark's employer passes out checks at the end of each quarter, representing an equitable portion of 5% of the company's pretax profits for the previous period.
Find price of a windmill and its average power generation : Find the price of a windmill and its average power generation in kW. Get a price of electricity and an expected inflation factor for electricity. Determine the life of the project in years (10 years is too short). Source to back this data up.

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