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

Linear function, find the temperature at which the celsius and farhenheit t...

find the temperature at which the celsius and farhenheit temperatures are numerically equl

Estimate round to the nearest tenth of an inch, One inch equals 2.54 centim...

One inch equals 2.54 centimeters. The dimensions of a table made in Europe are 85 cm huge by 120 cm long. What is the width of the table in inches? Round to the nearest tenth of an

Roof-finding using steffensen''s method, write a computer program that will...

write a computer program that will implement Steffensen''s method.

The normal approximation to the binomial , A certain flight arrives on time...

A certain flight arrives on time 78% of the time. Suppose 1000 flights are randomly selected. Use the normal approximation to the binomial to approximate the probability that

Compute the probability of weather, Analysis of questionnaire completed by ...

Analysis of questionnaire completed by holiday makers showed that 0.75 classified their holiday as excellent at Malindi. The probability of hot weather in the resort is 0.6.  If th

lmc, what is the concept of lm

what is the concept of lmc

What is the value of tan in terms of sin, What is the value of tan? in term...

What is the value of tan? in terms of sin?. Ans:    Tan ? = S i n ?/ C os ? Tan ? = S i n ? / √1 - S i n   2?

., There are k baskets and n balls. The balls are put into the baskets rand...

There are k baskets and n balls. The balls are put into the baskets randomly. If k

Algebra function., problem to understand an problem; f(X-2)=X+3 / X-4

problem to understand an problem; f(X-2)=X+3 / X-4

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