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

Finding length and height with volume and width?, I figured out the volume ...

I figured out the volume and the width, but I have no idea how to use that information to get the height and the length!

Compute the double integral - triangle with vertices, 1) let R be the trian...

1) let R be the triangle with vertices (0,0), (pi, pi) and (pi, -pi). using the change of variables formula u = x-y and v = x+y , compute the double integral (cos(x-y)sin(x+y) dA a

Differential equation - maple, 1. Consider the following differential equat...

1. Consider the following differential equation with initial conditions: t 2 x'' + 5 t x' + 3 x = 0, x(1) = 3, x'(1) = -13. Assume there is a solution of the form: x (t) = t

Fractions, question paper on fractions

question paper on fractions

Change of base of logarithms, Change of base: The final topic that we have...

Change of base: The final topic that we have to look at in this section is the change of base formula for logarithms. The change of base formula is,

Harmonic mean-arthmetic geometric progression, Harmonic mean It is a m...

Harmonic mean It is a measure of central tendency which is utilized to determine the average increase rates for natural economies. This is defined like the reciprocal of the a

Marketing mix, 1) Identify key characteristics of product or services and e...

1) Identify key characteristics of product or services and estimate their significance to the market 2) Identify and analyse level of customer service provision to determine its si

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