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

Which of the subsequent decimals is the greatest number, Which of the subse...

Which of the subsequent decimals is the greatest number? If you add zeros to the end of every of the numbers so that each number has 5 places after the decimal point, it is sim

Compute the break-even quantities, The revenue and cost functions for produ...

The revenue and cost functions for producing and selling quantity x for a certain production facility are given below. R(x) = 16x - x 2 C(x) = 20 + 4x a)  Determine the p

How much sales tax did she pay if items was 6 percent, Lindsay purchased a ...

Lindsay purchased a pocketbook for $45 and a pair of shoes for $55. The sales tax on the items was 6%. How much sales tax did she pay? Find out the price of the two items toget

Algorithm for division helping a child grasp, E1) Why don't you think of so...

E1) Why don't you think of some activities for the same purpose now? E2) Suggest, in detail, another activity for helping a child grasp the algorithm for division. We come to

Operation research, approximate the following problem as a mixed integer pr...

approximate the following problem as a mixed integer program. maximize z=e-x1+x1+(x2+1)2 subject to x12+x2 =0

Calculus, what is a domain of a function?

what is a domain of a function?

Surface areas and volumes, a conical vessel of radius 6cm and height 8cm is...

a conical vessel of radius 6cm and height 8cm is completely filled with water.a sphere is lowered into the water and its size is such that when it touches the size it is immersed.w

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