A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and the parameters of each process are as follows: Process 1 Process 2 35 parts/hour 4 hours/ day 15 parts/ hour 7 hours/ day 20% 9% Production rate Daily production time Percent of parts rejeted based on visual inspection Assume that the daily demand for hubs allows all defect-free hubs to be sold. Additionally, tested or rejected hubs cannot be sold. Find the process that maximizes profit per day if each part is made from Phn 200 worth of material and can be sold for Php 1.500. Both processes are fully automated.

A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and the parameters of each process are as follows: Process 1 Process 2 35 parts/hour 4 hours/ day 15 parts/ hour 7 hours/ day 20% 9% Production rate Daily production time Percent of parts rejeted based on visual inspection Assume that the daily demand for hubs allows all defect-free hubs to be sold. Additionally, tested or rejected hubs cannot be sold. Find the process that maximizes profit per day if each part is made from Phn 200 worth of material and can be sold for Php 1.500. Both processes are fully automated.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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