What is the optimum profit and planting for this situation

Assignment Help Operation Management
Reference no: EM131030028

The Northwest Flower Company owns a greenhouse, which furnishes roses and carnations to florists in Oregon, Washington, and Idaho. The greenhouse can grow any combination of the two flowers. They sell the flowers in "bunches" with 25 blooms to a bunch. They have up to 10,000 square feet available for planting this year. Each bunch of roses takes about 4 square feet and each bunch of carnations about 5 square feet. Special fertilizer is required for flowers; roses need 5 pounds and carnations 2 pounds. The availability of the fertilizer is limited to 5000 pounds. Sales commitments require the company to grow at least 500 bunches of roses. Profit contributions are $6 per bunch of roses and $8 per bunch of carnations. What is the optimum profit and planting for this situation?

Reference no: EM131030028

Questions Cloud

Compute bond price-yield to maturity : Compute the price of a 3.8 percent coupon bond with 15 years left to maturity and a market interest rate of 6.8 percent. (Assume interest payments are semiannual.) Is this a discount or premium bond?
What is the amount of net income that oops : Question 1: What is the amount of net income that OOPS expects to generate this year? Question 2: If its target capital structure calls for 50 percent common equity, what will be the total funds the company can invest in capital budgeting projects..
Differences between sampling frame and population : What is sampling frame? What are the differences between sampling frame and population? Use business examples to support your statements?
What is the optimum profit and planting for this situation : The Northwest Flower Company owns a greenhouse, which furnishes roses and carnations to florists in Oregon, Washington, and Idaho. The greenhouse can grow any combination of the two flowers. They sell the flowers in "bunches" with 25 blooms to a bunc..
What a function contained within a class : In C++, a function contained within a class is called
Common form of training is cooperative training : A common form of training is cooperative training. There are two widely used cooperative training methods: internships and apprentice training. In both forms of training, there is a combination of classroom training (formal education) and on-the-job ..
Teddysports to maximize expected profit : Teddy Bower is an outdoor clothing and accessories chain that purchases a line of parkas at $10 each from its Asian supplier, TeddySports. Unfortunately, at the time of order placement, demand is still uncertain. How many parkas should Teddy Bower bu..
How expected return of each stock related to its riskiness : Which stock appears to be riskiest based on the annual standard deviation over the past five yearsa and the investment return rate of each stock is correlated with S&P 500 Index?

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