Calculate maximize total profit next quarter, Basic Statistics

Assignment Help:

Please show your work to receive credit for this question..

Harkin Electronics is planning its production next quarter for its two product lines, relays and capacitors.  The profit contribution is $250 for a case of relays and $200 for a case of capacitors.  Three resources limit how much of each product the company can produce:  labor, stamping capacity, and testing capacity.  Next quarter 80,000 labor hours will be available; a case of relays requires 200 labor hours and a case of capacitors requires 150.  The stamping machine will be available for 1,200 hours next quarter and a case of relays requires 4 hours on the stamping machine and a case of capacitors requires 2 hours.  Relays require 3 hours of testing per case and capacitors require 5.  The testing machine will be available for 2,000 hours next quarter.

  Answer the following questions:

  • For which resources, would you consider providing additional units?  Why?
  • If you excluded a resource, why did you exclude it?
  • For those resources for which you would add additional units, what is the range on the right-hand side values for the shadow prices to remain valid?

b) Now suppose that there is a requirement that Harkins must produce at least 40% cases of relays.  Resolve below with this additional information.

1)  To maximize total profit next quarter, how many cases of relays and capacitors should Harkin Electronics produce during that period?  If your answer is in fractional units of cases that is acceptable - do not round to whole number of cases.

2)  How much profit will result?


Related Discussions:- Calculate maximize total profit next quarter

Aggressive growth fund, Define Aggressive Growth Fund: A mutual fund which ...

Define Aggressive Growth Fund: A mutual fund which is primary investment intention is substantial capital gains. The return & principal value of mutual funds fluctuate with changes

Modules of probability and statistics, Question: (a) Suppose that 100 t...

Question: (a) Suppose that 100 tires made by Bridgestone last on average 21,819 miles with a standard deviation of 1,295 miles. Test the null hypothesis µ = 22, 000 miles again

Probability, What is probability 0.10 called?

What is probability 0.10 called?

AMOUNT AVAILABLE IN DEBT SERVICE FUNDS , AMOUNT AVAILABLE IN DEBT SERVICE ...

AMOUNT AVAILABLE IN DEBT SERVICE FUNDS An "other debit" common journal value used in the General Long-Term Bills Additional Consideration that designates the quality of resources

Probability, Suppose I ask you to pick any four cards at random from a deck...

Suppose I ask you to pick any four cards at random from a deck of 52, without replacement, and bet you one dollar that at least one of the four is a face card (i.e., Jack, Queen, o

Galvanometer to voltameter, a millemeter ammeter of resistance 5m amp is to...

a millemeter ammeter of resistance 5m amp is to be used to measure a potential difference of 50volt.calculate the multiplier resistance

Sampling, what are the methods of sampling

what are the methods of sampling

Index nos, why indux number considerd as an economic barrometer

why indux number considerd as an economic barrometer

Functions , i need help it says for the tables of values determine appropri...

i need help it says for the tables of values determine appropriate veiwing window, create a scatter plot, write a function rule, and graph your funtion rule over your scatter plot

Financial evaluation of projects, Financial evaluation of projects The net ...

Financial evaluation of projects The net provide value of a venture is the provide value of future repayments reduced by the provide value of expenditures. The amount of lower pric

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