Reference no: EM131279180
Felix Navidad, an independent artist, paints large sculptured seasonal-themed figurines for sale during the holiday season. This year he will focus on painting and selling Santa Claus and Reindeer figurines. Each Santa sold will generate a net profit contribution of $36 and each Reindeer will provide a contribution of $45. Each Santa requires 2 hours of painting and each reindeer 2.5 hours. Felix will have 180 hours to devote to painting this season. Felix will purchase the unpainted figurines and has decided, based on past experience, to spend no more than $500 and $720 respectively to purchase the unpainted Santas and reindeers. Each unpainted reindeer costs $12 and each unpainted Santa $10. Felix has an empty storage barn on his property that has sufficient space to store as many figurines as he may need to purchase.
a) Given the information covered in the course so far, determine the type of problem represented above. What assumptions did you make in coming to this determination?
b) Provide mathematical formulation of problem.
c) Indicate the barious methods that can be used to solve this type of problem.
d) If you think that the graphical method is an appropriate method for solving this problem, use it to solve the problem.
e) What is the optimal solution to the problem (the values of the decision variables) and the objective function value at the optimal solution.
f) Describe the special features, if any, of the solution.
|
Equipment and promptly resumed production of perfect chips
: Sterling, Inc. is a manufacturer of state-of-the-art computers. For the past ten years, Sterling has acquired all of its microchips from NoBugs Corporation, the only producer of chips meeting Sterling's high specifications. Analysis of the chips indi..
|
|
Calculate a fixed quantity system
: Calculate a fixed period system with a 90% service cycle level. Calculate a fixed quantity system with 90% service cycle level.
|
|
Describe experience working with internal-external customers
: Please describe experience working with internal and external customers in a positive and professional manner to resolve complaints and/or respond to inquiries.
|
|
Seasonal-themed figurines for sale during the holiday season
: Felix Navidad, an independent artist, paints large sculptured seasonal-themed figurines for sale during the holiday season. This year he will focus on painting and selling Santa Claus and Reindeer figurines. What is the optimal solution to the proble..
|
|
Tests often do not reflect an individuals true ability
: "tests often do not reflect an individual's true ability". Explain your views on this statement. Explain by giving specific examples how the different theories of motivation can be applied in envouraging employees to superior performance. What are th..
|
|
Remedies-duties and obligations with respect to the casters
: Frank is the receiving dock supervisor for Cabinet Co., a company that manufactures metal storage cabinets. His job is to supervise the inspection, and stocking of components and materials used in the manufacture of the cabinets as they are delivered..
|
|
Consultants role in project management
: As the consultant, create a short Findings Report on Creating a Project Charter. The purpose of your Findings Report is to provide a gap analysis regarding the company’s capabilities to conduct project startup effectively.
|
|
Can conflict be represented by horizontal and organizational
: Can conflict be represented by horizontal and organizational? How do the two differ? Example: I manage the billing department for a hospital and upper management wants us to meet a 95% clean claim rate. I consider this horizontal and organizational. ..
|