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

Population problem - nonhomogeneous systems, The next kind of problem seems...

The next kind of problem seems as the population problem. Back in the first order modeling section we looked at several population problems. In such problems we noticed a single po

What is universal set, A non-empty set or group of which all the sets under...

A non-empty set or group of which all the sets under concern are subsets is known as the universal set. In any part of application of set theory, all the sets under concern might l

Factoring by grouping, Factoring By Grouping It is a method that isn't ...

Factoring By Grouping It is a method that isn't utilized all that frequently, but while it can be used it can be somewhat useful. Factoring by grouping can be nice, however it

Probability, Mike sells on the average 15 newspapers per week (Monday – Fri...

Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers

Prove that a tree with n vertices has n - 1 edges, Prove that A tree with n...

Prove that A tree with n vertices has (n - 1) edges.    Ans: From the definition of a tree a root comprise indegree zero and all other nodes comprise indegree one. There should

., 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

The sum of their ages is 104 how old is shari, Sam's age is 1 less than dou...

Sam's age is 1 less than double Shari's age. The sum of their ages is 104. How old is Shari? Let x = Shari's age and let y = Sam's age. Because Sam's age is 1 less than twice S

Matrices, det(adj A)for 1*1 matrix

det(adj A)for 1*1 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