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

Root test- sequences and series, Root Test- Sequences and Series This ...

Root Test- Sequences and Series This is the final test for series convergence that we're going to be searching for at.  Like with the Ratio Test this test will as well tell wh

Arithmetic sequence, find a30 given that the first few terms of an arithmet...

find a30 given that the first few terms of an arithmetic sequence are given by 6,12,18...

Viscosity measure, get the viscosity of particle to apply the stoke''s law

get the viscosity of particle to apply the stoke''s law

Determine fog and gof, Let g be a function from the set G = {1,2,3,...34,35...

Let g be a function from the set G = {1,2,3,...34,35,36).  Let f be a function from the set F = {1,2,3,...34,35,36}.  Set G  and F contain 36 identical elements (a - z and 0 - 9).

Determine the function notation, Given f (x) = - x 2 + 6 x -11 determine e...

Given f (x) = - x 2 + 6 x -11 determine each of the following. (a)    f ( 2) (b)   f ( -10) (c)    f (t ) Solution (a)    f ( 2) = - ( 2) 2   + 6(2) -11 = -3 (

What is addition rule of probability, Q. What is Addition Rule of probabili...

Q. What is Addition Rule of probability? Ans. Suppose there are 17 girls and 15 boys in your stats class. There are 17 + 15 = 32 ways for your teacher to pick one student

Operations with rational numbers, larry spends 3/4 hours twice a day walkin...

larry spends 3/4 hours twice a day walking and playing with his dog. He spends 1/6 hours twice a day feeding his dog. how much time does larry spend on his dog each day?

Dynamic and kinematic viscosity , Tabulated values of the dynamic and kinem...

Tabulated values of the dynamic and kinematic viscosity of aqueous sodium chloride solutions have been researched in the academic literature (Kestin et al 1981). The data availab

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