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

Solve the initial value by laplace transform method, Question: Solve the i...

Question: Solve the initial value problem 2x'' +x'-x =27 Cos2t +6 Sin 2t, x(0)=2 , x'(0)= -2 by using Laplace transform method.

Which formula he use if he does not paint bottom of tank, Al is painting a ...

Al is painting a right cylinder storage tank. In sequence to purchase the correct amount of paint he requires to know the total surface area to be painted. Which formula will he us

In how many years is the population expected to be 42, The population of a ...

The population of a particular city is increasing at a rate proportional to its size. It follows the function P(t) = 1 + ke 0.1t where k is a constant and t is the time in years.

Geometry, the figure is a rectangle with angle y=60. Find angle x

the figure is a rectangle with angle y=60. Find angle x

Need answer urgently, using a pair of compasses a ruler and a pencil. const...

using a pair of compasses a ruler and a pencil. construct a triangle CDE in which DE=10cm, DC+8cm and CDE= 45 degrees. construct CF perpendicular to DE such that F lies on DE using

Trigonometry, Show that the radius of the circle,passing through the centre...

Show that the radius of the circle,passing through the centre of the inscribed circle of a triangle and any two of the centres of the escribed circles,is equal to the diameter of t

base - 10 block math, there are 5 small cubes and it reads the 5 small cub...

there are 5 small cubes and it reads the 5 small cubes is 1/100, then what is the ONE?

World Problems on simultaneous equations, A particular algebra text has a t...

A particular algebra text has a total of 1382 pages which is broken up into two parts. the second part of book has 64 more pages than first part. How many pages are in each part of

Vectors, |a.x|=1 where x = i-2j+2k then calculate a

|a.x|=1 where x = i-2j+2k then calculate a

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