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

Measures of central tendency-computation method, Computation method   ...

Computation method           Whereas L = Lower class boundary of the class having the mode             f 0 = Frequency of the class below the modal class

How to solving one-step equations, How to Solving One-Step Equations? E...

How to Solving One-Step Equations? Equations, where one math operation is acting on the variable, can be solved in one step. The trick is to get the variable x by itself - isol

Determine the angle, In parallelogram ABCD, m∠A = 3x + 10 and m∠D = 2x + 30...

In parallelogram ABCD, m∠A = 3x + 10 and m∠D = 2x + 30, Determine the m∠A. a. 70° b. 40° c. 86° d. 94° d. Adjacent angles in a parallelogram are supplementary. ∠A a

Determine the distance, Two planes leave the airport at the similar time. M...

Two planes leave the airport at the similar time. Minutes later, plane A is 70 miles due north of the airport and plane B is 168 miles due east of the airport. Determine the distan

Which kevin gets paid is represented by x what does paid, Patrick gets paid...

Patrick gets paid three dollars less than four times what Kevin gets paid. If the number of dollars which Kevin gets paid is represented through x, what does Patrick get paid?

Find out solutions to second order differential equations, Find out some so...

Find out some solutions to y′′ - 9 y = 0 Solution  We can find some solutions here simply through inspection. We require functions whose second derivative is 9 times the

Evaluate the length of the diagonal of the print, A framed print measures 3...

A framed print measures 36 by 22 in. If the print is enclosed by a 2-inch matting, Evaluate the length of the diagonal of the print? Round to the nearest tenth. See Example.

Classify linear or nonlinear, Question: Classify the following differen...

Question: Classify the following differential equations as linear/nonlinear. Also, what is the order of the following differential equations? Xy'-2y =x Xy'' -2y' =xsin(y)

Size of the penumbra, With reference to Fig. 1(a) show that the magnificati...

With reference to Fig. 1(a) show that the magnification of an object is given by M=SID/SOD. With reference to Fig. 1(b) show that the size of the penumbra (blur) f is given by f

Complex numbers from the eigenvector and the eigenvalue, Complex numbers fr...

Complex numbers from the eigenvector and the eigenvalue. Example1 : Solve the following IVP. We first require the eigenvalues and eigenvectors for the given matrix.

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