Bottleneck for each product, Mathematics

Assignment Help:

 A company makes 2 products, Product A and Product B. The product characteristics are shown in the following table.

Product

A

B

Price ($/unit)

$800

$1,000

Cost of materials ($/unit)

$200

$250

Cost of labor ($/unit)

$150

$200

Market demand per week (units)

200

150

 

The products are fabricated and assembled in four different workstations (W, X, Y, Z). Every workstation is available for 60 hours a week and there is no setup time required when shifting from the production of 1 product to any other. The processing requirements to make one unit of every product are shown in the table.


Processing time (min/unit)

Workstation

Product A

Product B

W

8

12

X

9

12

Y

10

20

Z

5

8

 

a)      Using the traditional method, which refers to maximizing the contribution margin per unit for every product, what is the optimal product mix and resulting profit?

b)      Using the bottleneck method, which refers to maximizing the contribution margin per minute at the bottleneck for every product, what is the optimal product mix and resulting profit?

 


Related Discussions:- Bottleneck for each product

Matrices, find inverse of [1 2 3 2 4 5 3 5 6]

find inverse of [1 2 3 2 4 5 3 5 6]

Identify the surface for the equation , Identify the surface for each of th...

Identify the surface for each of the subsequent equations. (a) r = 5 (b) r 2 + z 2 = 100 (c) z = r Solution (a)  In two dimensions we are familiar with that this

Determine the equation of the line, Example :  Determine the equation of th...

Example :  Determine the equation of the line which passes through the point (8, 2) and is, parallel to the line given by 10 y+ 3x = -2 Solution In both of parts we are goi

Trigonometric ratios, to difine trigonometric ratios of an angle,is it nece...

to difine trigonometric ratios of an angle,is it necessary that the initial ray of the angle must be positive x-axis?

Calculate the probability, Calculate the introduction to Probability? P...

Calculate the introduction to Probability? Probability refers to the chance that an event will happen. Probability is presented as the ratio of the number of ways an event can

What is a percentage, Q. What is a percentage? Ans. Percent  mean...

Q. What is a percentage? Ans. Percent  means "per hundred", or "out of 100". A percentage can be written as a ratio, or fraction, where the denominator (bottom) is 100.

Find the height of the tower, The angle of elevation of the top of a tower ...

The angle of elevation of the top of a tower standing on a horizontal plane from a point A is α .After walking a distance d towards the foot of the tower the angle of elevation is

Linear programming, what is the advantage of dual linear problem programmin...

what is the advantage of dual linear problem programming when we maximize profit then what is need to minimize cost of the same problem

Fractions, what is 1/3 + 2/9 equal

what is 1/3 + 2/9 equal

Write Your Message!

Captcha
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