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

1234 Mathematics, use only the digits 1,2,3 and 4 in any order to write an ...

use only the digits 1,2,3 and 4 in any order to write an expression for the numbers 1 to 100. you may only use each digit once. You may use exponents of 1,2,3 and 4 in some of th

Use mathematical induction and prove equation, 1. Use mathematical inductio...

1. Use mathematical induction to prove whenever n is a positive integer. 2. Use loop invariant to prove that the program for computing the sum of 1,...,n is correct.

Circles and cones, length of subnormal to the curve y2=2x+1 at (4,3)

length of subnormal to the curve y2=2x+1 at (4,3)

Standard deviation, 2.When investigating times required for drive-through s...

2.When investigating times required for drive-through service, the following results (in seconds) were obtained. Find the range, variance, and standard deviation for each of the tw

Explain venn diagrams, Q. Explain Venn diagrams? Ans. Venn diagram...

Q. Explain Venn diagrams? Ans. Venn diagrams, named after the Englishman John Venn, are "area" or "region" diagrams that can be used to help visualize and organize differe

Find the number., There is a number. If the sum of digits is 14, and if 29 ...

There is a number. If the sum of digits is 14, and if 29 is subtracted from the number, the digits become equal. Find the number.

1, how do you find the perimeter of an equalateral triangle

how do you find the perimeter of an equalateral triangle

The coordinate axes, Trace the curve y 2 = (x + 2) 2 (x - 6). Clearly sta...

Trace the curve y 2 = (x + 2) 2 (x - 6). Clearly state all the properties you have used for tracing it(e.g., symmetry about the axes, symmetry about the origin, points of interse

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