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The Grand Valley Company, run by the J. Motwani family, produces two products: bed mattresses and box springs. A prior contract requires that the firm produce at least 30 mattresses or box springs, in any combination, per week. In addition, union labour agreements demand that stitching machines be kept running at least 40 hours per week, which is one production period. Each box spring takes 2 hours of stitching time, while each mattress takes 1 hour on the machine. Each mattress produced cost $20 and each box spring costs $24. Formulate this problem as a linear programming problem.
To determine the standard working time for a special job, following observation data is collected: Observation 1 2 3 4 5 6 7 8 Time (in second) 17 18 15 14 13 15 16 13 a) If the pe
1. Discuss how you interpret the statement 'ERP is the 'meat and potatoes' of the organisation'. 2. What are the key issues when implementing an ERP system? 3. How will tra
You buy a 5 year bond with a 8% coupon rate, a YTM of 8% and a $80,000 face value. What will your annualized holding period return (HPR) on this investment be if you hold the bond
(Land's End) Geoff Gullo owns a small firm that manufactures 'Gullo Sunglasses'. He has the opportunity to sell a particular seasonal model to Land's End. Geoff offers Land's End
Factory is a bathtub with 50 gallons capacity, drain is outlet to market and can output 3 gallons per hour. Faucet is raw material input and allows materials in at a rate of 4 gall
What are the major operational functions in the organisation? Main operational functions in the organisation are as follows: • Marketing and sales for example, identifying w
main principles of project management aiding the operations manager/manageress in introducing change to the process/system?
Two Industrial engineers (IE) manage two adjacent subassembly lines separated by a buffer with a fixed capacity as shown in the figure below. They are good friends but they like me
What are the Operational strategies for balancing capacity and demand? Operational strategies for balancing supply (capacity) and demand: a. Level capacity strategies b.
Ambience of the Physical Surroundings - Facility Layout Décor, noise levels, music, temperature and lighting may affect the customers' judgement of the service, how long they
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