6) Production A small industry produces two items, I andII. It operates at capacity and makes a profit of $6 oneach item I and $4 on each item II. The following tablegives the hours required to produce each item and thehours available per day.AssemblyPackaging &inspectionI2 hours 1 hour1 hourII1 hourHours Available100sow60Find the number of item that should be produced eachday to maximize profits, and find the maximum dailyprofit.ed revisJUROV

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Answered: 6) Production A small industry produces…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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n d A bicycle manufacturer makes two models of bikes, a professional racing bike and a mountain bike. Profits average P1500 per mountain bike and P1200 per racing bike. Maximum total production possible is 1440 bikes per month. Consumer demand for the racing bike is no more than half the demand for the mountain bike. At least 400 mountain bikes per month must be made to satisfy a long term contract. How many of each bike should be made to maximize profit. What is the maximum profit?
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Movie profit again A middle manager at an entertain-ment company, upon seeing this analysis, concludes that the longer you make a movie, the less money it willmake. He argues that his company’s films should all becut by 30 minutes to improve their gross. Explain theflaw in his interpretation of this model.
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Question A company produces and sells 211, 600 boxes of t-shirts each year. Each production run has a fixed cost of $400 and an additional cost of $3 per box of t-shirts. To store a box for a full year costs $2. What is the optimal number of production runs the company should make each year? Do not include units with your answer. Provide your answer below: FEEDBACK MORE INSTRUCTION SUBMIT
A company periodically produces a part that is a basic component of an assembled product. Each time the part is run, a fixed cost of $127 is incurred. The cost to hold one unit for a week is estimated to be $1.57. Week Demand (units ) 1 36 2 20 3 110 4 18 5 - 6 22 790 For the demand (net requirements) shown above, determine the quantity and Produce units in timing of production runs using the part - period method. Produce units in week. week____. Produce units in week.
Production Line Speed and Quality Control. Brawdy Plastics, Inc., produces plastic seat belt retainers for General Motors at the Brawdy Plastics plant in Buffalo, New York. After final assembly and painting, the parts are placed on a conveyor belt that moves the parts past a final inspection station. How fast the parts move past the final inspection station depends upon the line speed of the conveyor belt (feet per minute. Although faster line speeds are desirable, management is concerned that increasing the line speed too much may not provide enough time for inspectors to identify which parts are actually defective. To test this theory, Brawdy Plastics conducted an experiment in which the same batch of parts, with a known number of defective parts, was inspected using a variety of line speeds. The following data were collected. a Develop a scatter diagram with the line speed as the independent variable. b) What does the scatter diagram developed in part (a) indicate about the…
Keeping all else constant, when the price of a good increases, A) consumer surplus increases. B) both consumer surplus and producer surplus decrease. C producer surplus decreases. D) consumer surplus decreases. E) both producer surplus and consumer surplus increase.
Variability: You need to make 7 units of a product in 1 day. If you make more than 7 units, you must pay a carrying cost of $1 per extra unit. If you make less than 7 units, you must pay a penalty cost of $10 per unit. You can make the product in one of two workstations (you cannot use both). The first station (W1) contains a single machine capable of making 7 units per day, on average. The second station (W2) contains 2 machines, each capable of making 3.5 units per day, on average. Which workstation would be recommend using W1 or W2? Why? [If you need variability information, assume that the output of W1 will be equal to 2 times the roll of a single six-sided die (with sides 1, 2, 3, 4, 5, 6). The output of W2 will be equal to the sum of rolling the die 2 times.]
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