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

What is a lattice, What is a lattice? Which of the following graphs are lat...

What is a lattice? Which of the following graphs are lattice and why? Ans:  Let (L, ≤) be a poset. If each subset {x, y} consisting of any two elements of L, comprises a glb (I

How many pages are not advertisements, The first section of a newspaper has...

The first section of a newspaper has 16 pages. Advertisements take up (3)3/8 of the pages. How many pages are not advertisements? Subtract the number of pages of advertisements

Time table, tips to memorize my time table

tips to memorize my time table

Percentage, a washing machine costs $640 plus an installation charge of 7.5...

a washing machine costs $640 plus an installation charge of 7.5% what is the totalcost?

Pearson sucess, do you have a decimal place value chart

do you have a decimal place value chart

Logarithm, The function A(t) = 5(0.7)^t was used to define the amount A in ...

The function A(t) = 5(0.7)^t was used to define the amount A in milliliters of a drug in the bloodstream t hours after the drug was ingested. Determine algebraically the time it wi

College Algebra, I am looking for a tutor in College Algebra

I am looking for a tutor in College Algebra

Find the Regular Grammar for the following Regular Expressio, Find the Regu...

Find the Regular Grammar for the following Regular Expression: a(a+b)*(ab*+ba*)b.

Fractions, how to divide fractions?

how to divide fractions?

Word problems, if I read 6 hours of spring break how many minutes did ...

if I read 6 hours of spring break how many minutes did read

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