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The Hickory Cabinet and Furniture Company has decided to concentrate on the production of chairs. The fixed cost per month of making chairs is $7,500, and the variable cost per chair is $40. Price is related to demand according to the following linear equation-
v = 400 - 1:2p
Where v is the demand and p is the price. Develop the nonlinear profit function for this company and determine the price that will maximize profit, the optimal volume, and the maximum profit per month
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Demand during lead-time for HP printers at a Sam's club store is normally distributed, with a mean of 500 and a standard deviation of 150. The store manager continuously monitors i
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program to find optimal sequence, total elapsed time and total idle time in 6 jobs and 3 machines
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