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A sawmill makes two products for log-home kits: fir logs and spruce logs which can be sold at profits of $16 and $20, respectively. Each spruce log requires .4 hours of processing time on the bark peeler and 1 hour on a slab saw. Each fir log requires .5 hours on the peeler and .7 hours on the slab saw. Each log then, regardless of type, requires .3 hours on the planer. Because of maintenance requirements and labor restrictions, the bark peeler is available 10 hours per day, the slab saw 12 hours per day and the planer 14 hours per day. Bark and sawdust are byproducts of these operations. All the bark can be put through a chipper and sold in unlimited quantities to a nearby horticulture supplier. Dried fir sawdust can be directed to a similar market, at a net profit of $1.40 per processed log. Limited amounts of the spruce sawdust can be made into marketable pressed-wood products, but the rest must be destroyed. For each spruce log produced, enough sawdust (5 pounds) is generated to make 3 pressed-wood products, which after manufacturing can be sold at a unit profit of $2 per pressed-wood product. However, the market can absorb only 60 of the pressed-wood products per day and the remaining spruce sawdust must be destroyed at a cost of $0.60 per pound. The sawmill wishes to make the largest possible profit, considering the cost of destroying the unusable spruce sawdust.
Formulate a linear program for this problem. Do not solve. Define your variables before you use them. Also, describe in a few words what is your objective function and what each of your constraints represents.
Identify and describe briefly the five supply-chain strategies.
Assuming marginal cost of managing an additional supplier is $15,000 per year how many suppliers should Witt use? Assume there are up to (3) nearly identical suppliers nearby.
Amity Plastic Manufacturing is a small plastic products manufacturer. The company uses machine-hours as the single, plant-wide predetermined.
Write a synopsis of your business idea and the important elements/information that should be included in a well thought out business plan.
Discuss the advantages and disadvantages of the bullwhip effect. What does the community engagement include?
BANKS Industries continues to work on bridging cultural gaps as it embraces the diversity that resulted from its merger. You have been asked to develop a new diversity policy and training series for your team to help employees recognize the impact..
Wood Specialties Company produces wall shelves bookends, and shadow boxes. It is necessary to plan the production schedule for the next week. The wall shelves, bookend, and shadow boxes are made of oak, of which the company has 600 board feet. how ma..
A bank manager notices that by the time customers get to the teller, they seem irritated and impatient. She wants to investigate the problem further, so she hires you to design a research project to figure out what is bothering the customers. What ty..
Define productivity in both a product and service-based organization. Are the definitions different?
Create a graphic organizer that presents different types of production systems and their uses and purposes when considering risks.
What are the five traditional family life cycle stages a family progressses though? What is subliminal perception, how does it relate to marketing? What is the split brain theory?
1 what steps are required for a company to receive international organization for standardization iso certification? 2
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