Reference no: EM133485037
Assignment
ABCD company is an office equipment company that produces two types of desks: standard and deluxe. Deluxe desks have oak tops, more expensive hardware, and require additional time for finishing and polishing. Standard desks require 80 square feet of pine and 10 hours of labor, while deluxe desks require 60 square feet of pine, 18 square feet of oak, and 16 hours of labor. For the next week, the company has 5,000 square feet of pine, 750 square feet of oak, and 400 hours of labor available. Standard desks net a profit of $150, while deluxe desks net a profit of $320. All desks can be sold to national chains shops.
Task
If the spreadsheet and Excel Solver results are given to you as follows (see Table 1 below), address the following questions:
Question A. What are your Binding Constraints?
Question B. What is your Optimum profit [hint: maximized profit]?
Question C. What are your slack values for Pine, Oak, and Labor?
Question D. Looking at the Shadow prices, how much would the objective profit increase by if you were to increase labor hours by 50?
Question E. If the optimum solution for standard desk stays the same, but deluxe desk numbers increased, what would be your estimated deluxe desks in this case? Would you recommend this option? Why? Hints: Notice that by increasing labor hours by 50, the S stays as an original optimum solution given in the information of Solver, but D will increase. The question is asking you to find how much the objective profit would go up and what would be the estimated number for D [calculated from your constraints. Decimal number is accepted].
Question F. What would be the changes in objective profit $, if we increase the Pine by one unit and the Oak by one unit, i.e., Pine available=5001 and Oak available=751.
Question G. What % of available Oak can be reduced without it affecting the current (given) optimum solution?
Question H. What % of available Pine can be reduced without affecting the current (given) optimum solution?
Question I. How much should the standard desk unit profit of $150 be increased by in order for Standard desks to be produced (i.e. become a positive number)?
Treatment of nature and environment
: To what extend should economic considerations play a part in out treatment of nature and the environment?
|
Discuss the social, moral, political, and economic factors
: Provide a rationale for your response with at least one scholarly source using an APA in-text citation and full reference.
|
Provide key drivers and explain why they play important role
: Provide 3 key drivers and explain why they play an important role in healthcare IT implementation and development.
|
Utilitarianism is more demanding ethical code
: Utilitarianism is a more demanding ethical code than any other. For it says that we should always act to bring about the best consequences.
|
What are your slack values for pine oak and labor
: What are your slack values for Pine, Oak, and Labor? How much would the objective profit increase by if you were to increase labor hours by 50?
|
Which measurement tools are available for evaluation
: Which measurement tools are available for evaluation of your research? and/or How will you compare the before and after intervention?
|
Discuss walter benjamin and artificial intelligence
: Discuss - Walter Benjamin, Artificial Intelligence, Ancients and Moderns, the New Myth of Technology, Time, Determinism,
|
Provide operational definitions of each metric
: Provide operational definitions of each metric - Provide the data sources for each indicator-be specific about how it will be collected
|
How will you relate cultural competence
: How will you relate cultural competence or maintain cultural principles in your profession (healthcare administration)?
|