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

Introduction to why learn mathematics, INTRODUCTION : All of us have encou...

INTRODUCTION : All of us have encountered mathematics while growing up. Some of us have grown to like it, and therefore, enjoy. doing it. Some others have developed a lukewarm rel

Find out the roots of the subsequent pure quadratic equation, Find out the ...

Find out the roots of the subsequent pure quadratic equation: Find out the roots of the subsequent pure quadratic equation. 4x 2 - 100 = 0 Solution: Using Equation

Triangles are resolute, a) How many equivalence relations on {a, b, c, d, e...

a) How many equivalence relations on {a, b, c, d, e, f} have b)  How many arrangements are there of c)  How many triangles are resolute by the vertices of a regular polygon w

Integer exponents, We will begin this chapter by looking at integer exponen...

We will begin this chapter by looking at integer exponents.  Actually, initially we will suppose that the exponents are +ve as well. We will look at zero & negative exponents in a

Geometry, if each tile with aside that measures one foot, how many tiles wi...

if each tile with aside that measures one foot, how many tiles will be needed?

Find lim sup, 1.find lim sup Ek and liminf Ek of Ek=[(-(1/k),1] for k odd a...

1.find lim sup Ek and liminf Ek of Ek=[(-(1/k),1] for k odd and liminf Ek=[(-1,(1/k)] for k even.  2.Show that the set E = {x in R^2 : x1, x2 in Q} is dense in R^2.  3.let r>0 an

Sampling distribution p-hat, Caterer verifies that 87% of people who sample...

Caterer verifies that 87% of people who sampled the food thought it was delicious. A random sample of 144 out of population of 5000 taken. The 144 are asked to sample the food. If

Calculate what number of workers should be hired, You are given the followi...

You are given the following information about the amount your company can produce per day given the number of workers it hires. Numbers of Workers Quanti

Statistics, reasons why we use statistics and examples of why?

reasons why we use statistics and examples of why?

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