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

Using substitution solving polynomial equations, Using Substitution Solving...

Using Substitution Solving Polynomial Equations ? Solve : (x 3 + 4) 2 - 15 (x 3 + 4) + 36 = 0. You might be tempted to multiply everything out and factor. However, there

Math134, how to sketch feasible set

how to sketch feasible set

Example of operational stages in learning maths, Children of the same age c...

Children of the same age can be at different operational stages, and children of different ages, can be at the same developmental stage." Do you agree with this statement? If so, g

Factors, what are the factors af 34?

what are the factors af 34?

Illustrate exponential distribution, Q. Illustrate Exponential Distribution...

Q. Illustrate Exponential Distribution? Ans. These are two examples of events that have an exponential distribution: The length of time you wait at a bus stop for the n

Determine the mass of the hemisphere, Question 1. Use cylindrical coordinat...

Question 1. Use cylindrical coordinates to nd the mass of the solid of density e z which lies in the closed region  Question 2. The density of a hemisphere of radius a (y 

Volume of prisms, How did the teacher get 30 + 12 + 1.5 for the equation of...

How did the teacher get 30 + 12 + 1.5 for the equation of volume of rectangular prism measuring L=14.4, W= 3, and H= 5? Formula given was V= Bh. My answer was 43.5.14.5 x 3.

Geometry, geometry fbw = 128 saf= 104 what is rfd

geometry fbw = 128 saf= 104 what is rfd

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