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

Derive a boolean first-order query, Consider a database whose universe is a...

Consider a database whose universe is a finite set of vertices V and whose unique relation .E is binary and encodes the edges of an undirected (resp., directed) graph G: (V, E). Ea

Elps in maths, 25 cookies have to be divided equally among 4 children.hw ca...

25 cookies have to be divided equally among 4 children.hw can we use elps to answer this question?

, What is 124 out of 300 in percent

What is 124 out of 300 in percent ?

Find out if the sets of vectors are parallel or not, Determine or find out ...

Determine or find out if the sets of vectors are parallel or not. (a) a → = (2,-4,1), b = (-6, 12 , -3) (b) a → = (4,10), b = (2,9) Solution (a) These two vectors

Problem, if .77x + x = 8966.60, what is the value of x?

if .77x + x = 8966.60, what is the value of x?

Initial condition for differential equations, Initial Condition(s) are a se...

Initial Condition(s) are a set of conditions, or a condition on the solution which will permit us to find out that solution which we are after.  Initial conditions are frequently a

What is negative exponents explain, What is Negative Exponents explain? ...

What is Negative Exponents explain? Here's a problem which results in a negative exponent: 3 4 /3 7 = 3 (4-7) = 3 -3 A negative exponent means the same thing as making

Symmetric and anti-symmetric relation on a set, 1. Let A = {1,2, 3,..., n} ...

1. Let A = {1,2, 3,..., n} (a) How many relations on A are both symmetric and anti-symmetric? (b) If R is a relation on A that is anti-symmetric, what is the maximum number o

Solution of rectilinear figures, A tower and a monument stand on a level pl...

A tower and a monument stand on a level plane. the angles of depression on top and bottom of the monument viewed from the top of the tower are 13 degrees and 31 degrees, respective

Determining Proportionality, Assume Jim had executed 15 "Splits" before his...

Assume Jim had executed 15 "Splits" before his last split of 20 seconds. If his eventual time in the road race is 4:05, what was the average time for one of his earlier splits?

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