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

Properties of cross product - vector, Properties of Cross product If u,...

Properties of Cross product If u, v and w are vectors and c is a number then u → * v → = -v → * w →                                                       (cu → ) * v → =

Real numbers, prove root 2 as irrational number

prove root 2 as irrational number

Area and perimeter, if perimeter is 300m length is 100m.find the breadth

if perimeter is 300m length is 100m.find the breadth

Eulers Method, Euler's Method Up to this point practically all differe...

Euler's Method Up to this point practically all differential equations which we've been presented along with could be solved. The problem along with this is which the exceptio

Erp for a company, recomendation to a company to implement ERP to succeed

recomendation to a company to implement ERP to succeed

Limit problem, limit x-a/|x-a| equals x-a [a]a [b]0 [c]-a [d]none 0f these

limit x-a/|x-a| equals x-a [a]a [b]0 [c]-a [d]none 0f these

Trignometry, how can i easily solve the trignometry question?

how can i easily solve the trignometry question?

Statistics Assignment, I need help in assignment of stats? Please give me a...

I need help in assignment of stats? Please give me assist in my stats exam.

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