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

Pi, is that rational or irrational number

is that rational or irrational number

Word problem solving, the traffic light at three different road crossing ch...

the traffic light at three different road crossing change after every 48 seconds, 72 seconds and 108 seconds respectively. if they change simultaneously at 7 a.m., at what time wil

Fermat''s theorem, Fermat's Theorem : If  f ( x ) contain a relative extre...

Fermat's Theorem : If  f ( x ) contain a relative extrema at x = c & f ′ (c ) exists then x = c is a critical point of f ( x ) . Actually, it will be a critical point such that f

Pair of straight line, The equation ax2 + 2hxy + by2 =0 represents a pair o...

The equation ax2 + 2hxy + by2 =0 represents a pair of straight lines passing through the origin and its angle is tan q = ±2root under h2-ab/(a+b) and even the eqn ax2+2hxy+by2+2gx+

Real constant and difference equation, Derive for the filter from z=a and p...

Derive for the filter from z=a and poles at z=b andz=c, where a, b, c are the real constants the corresponding difference equation. For what values of parameters a, b, and c the fi

Adding fractions, please give the answer 1/9+1/3 with working out

please give the answer 1/9+1/3 with working out

BIOMATH, Ask quHarvesting prevents the population size of a species from at...

Ask quHarvesting prevents the population size of a species from attaining its natural carrying capacity. We can add harvesting to the logistic model by assuming that the per capita

Simulation and Modeling, I have some sample simulation and modeling practic...

I have some sample simulation and modeling practice questions using isee Stella software.

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