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

Evaluate numerator and denominator limit, Evaluate following limits. ...

Evaluate following limits. Solution : Let's do the first limit & in this case it sees like we will factor a z 3 out of the numerator and denominator both. Remember that

Determine series is convergent or divergent by radio test, Determine if the...

Determine if the following series is convergent or divergent by using Radio Test. Solution With this first illustration let's be a little careful and ensure that we h

Determine the velocity and position functions of object, Determine if the a...

Determine if the acceleration of an object is given by a → = i → + 2 j → + 6tk → find out the object's velocity and position functions here given that the initial velocity is v

Fractions, which fractions is equivalent to 5/ 6 a.20/24 b.9/10 c.8/18 d....

which fractions is equivalent to 5/ 6 a.20/24 b.9/10 c.8/18 d.10/15

What is the length of one side of the square, The area of a square is 64 cm...

The area of a square is 64 cm 2 . What is the length of one side of the square? To find out the area of a square, you multiply the length of a side through itself, because all

Imaginay Number, how to solve imaginary number such as like (-3v-5)² ?? Can...

how to solve imaginary number such as like (-3v-5)² ?? Can I cancel the radical sign and the power of two ? and square the -3 and times to -5 ? hope you will answer this :) thanks

Finding the area of a triangle, Q. Finding the Area of a Triangle? Ther...

Q. Finding the Area of a Triangle? There are three commonly used methods to find the area of a triangle. The method you use to find the area depends on the information you kno

String art, finding distance using circumference

finding distance using circumference

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