Typical industrial engineering problem

Assignment Help JAVA Programming
Reference no: EM13286939

Optimization problem (This is a typical Industrial Engineering problem)

A company manufactures two products, A and B.

·       Product A can be sold for $145 per unit and B for $75 per unit.

·       Management requires that at least 1850 units be manufactured each month.

·       Product A requires 5 hours of labor per unit, and product B requires 3 hours.

·       The cost of labor is $15 per hour and a total of 8000 hours are available per month.

Using the Excel’s Solver, determine a production schedule of how many of each product to manufacture each month to maximize the company’s profit.

a)      How many of each product should they manufacture each month?

b)      What will be the monthly profit?

Reference no: EM13286939

Questions Cloud

What is the maximum possible value for distance : A tourist being chased by an angry bear is running in a straight line toward his car at a speed of 5.47 m/s. The car is a distance d away, What is the maximum possible value for d
What amount must she deposit annually to be able to make : If she starts making these deposits on her 33th birthday and continues to make deposits until she is 65 (the last deposit will be on her 65th birthday), what amount must she deposit annually to be able to make the desired withdrawals at retirement..
Determine the total dollar amount of your profit or loss : Now assume that instead of taking a position in the call option one year ago, you sold a futures contract on 1 million pounds with a settlement date of one year. Determine the total dollar amount of your profit or loss.
What is the electric current flowing in the circuit : A resistor with R = 9.08 ? resistance is connected to a real (i.e. non-ideal) battery, What is the electric current flowing in the circuit
Typical industrial engineering problem : A company manufactures two products, A and B. Product A can be sold for $145 per unit and B for $75 per unit. Management requires that at least 1850 units be manufactured each month.
How much of the option premium is due to intrinsic value : You have taken a long position in a call option on IBM common stock. The option has an exercise price of $136 and IBM's stock currently trades at $140. The option premium is $5 per contract.
Determine how much force the man needs to life the rock : A 150 kg rock (density is 2500 kg/m 3 ) is dropped to a lake. Determine how much force the man needs to life the rock from the bottom of the lake
What was its charge for depreciation and amortization : Pearson Brothers recently reported an EBITDA of $7.5 million and net income of $1.875 million. It had $1.875 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization?
Orrstown financial services : The case study assignments will focus on Orrstown Financial Services

Reviews

Write a Review

JAVA Programming Questions & Answers

  What is overloading and what is overriding

What is overloading and what is overriding? Please use code to explain it.

  Rewrite this code in order to ask the user for input

rewrite this code in order to ask the user for input and then coverth it from infex to postfix ,, so i want to put a Scanner and this ask the user for input .. how to do it ?

  Write java applet for costco gas station

Write a java applet for costco gas station. The applet will first ask you whether you are a costco customer, then the grade of gas you want to use: grade 87, 89, or 91.

  Returns the object with the largest measure

public static Measurable maximum(Measurable[] objects)that returns the object with the largest measure. Use that method to determine the country with the largest area from an array of

  Create an array of date objects

Create an array of Date objects of size 4. Initialize the array by using a loop. In the loop, use the Scanner.nextLine() method to input a date as a string, convert it to a date by using the toDate() method, and assign the result to an element in ..

  Create a recursive factorial program

Assignment 1: Create a recursive factorial program that prompts the user for an integer  N  and writes out a series of equations representing the calculation of  N !. For example, if the input is 4, the output could be:

  Communication with an smtp server

Develop a graphical user interface based java program that can communicate with a real SMTP email server for sending emails

  A method that takes a two-dimensional array

A method that takes a two-dimensional array of int's as a parameter and searches the array for the second parameter, returning true if the second parameter matches any of the integers in the array, and false otherwise.

  Write a method called writenums

Write a method called writeNums that takes an integer n as a parameter and prints to the console the first n integers starting with 1 in sequential order, separated by commas. For example, consider the

  Implement a shopping cart class with user interface

project will be to implement a shopping cart class with user interface (UI) that contains main() in Net Beans. The UI class will be used to perform user input/output and to invoke the appropriate methods of shopping cart class. When your program star..

  Design an application for pizza order process

Create an application to take and procedure a pizza order. The user should be able to make pizza order choices from listboxes, and the application should show the order price.

  Java program to write-read data from user using i-o function

Write java program to write and read data from user using I/O functions. Describe class with data members name[20],emp_id,basic pay,net pay.calculate all the allowances.

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