a. The profit using Operation 1 is $ 4,237 per day. (Round to the nearest dollar.) The profit using Operation 2 is $ per day. (Round to the nearest dollar.) CO
a. The profit using Operation 1 is $ 4,237 per day. (Round to the nearest dollar.) The profit using Operation 2 is $ per day. (Round to the nearest dollar.) CO
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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![For the production of part R-193, two operations are being considered. The capital investment associated with each operation is identical.
Operation 1 produces 1,600 parts per hour. After each hour, the tooling must be adjusted by the machine operator. This adjustment takes 10 minutes. The machine operator for Operation 1 is paid $19 per hour (this includes fringe benefits).
Operation 2 produces 1,850 parts per hour, but the tooling needs to be adjusted by the operator only once every two hours. This adjustment takes 30 minutes. The machine operator for Operation 2 is paid $11 per hour (this includes fringe benefits).
Assume an 8-hour workday. Further assume that all parts produced can be sold for $0.40 each.
a. Should Operation 1 or Operation 2 be recommended?
b. What is the basic tradeoff in this problem?
a. The profit using Operation 1 is $ 4,237 per day. (Round to the nearest dollar.)
The profit using Operation 2 is $
per day. (Round to the nearest dollar.)
...](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9c555b52-66c6-477a-ae2d-b46015ccce51%2Fdb2604b0-e04a-49ba-beec-a50dc3ba5fcc%2Fv676q5i_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For the production of part R-193, two operations are being considered. The capital investment associated with each operation is identical.
Operation 1 produces 1,600 parts per hour. After each hour, the tooling must be adjusted by the machine operator. This adjustment takes 10 minutes. The machine operator for Operation 1 is paid $19 per hour (this includes fringe benefits).
Operation 2 produces 1,850 parts per hour, but the tooling needs to be adjusted by the operator only once every two hours. This adjustment takes 30 minutes. The machine operator for Operation 2 is paid $11 per hour (this includes fringe benefits).
Assume an 8-hour workday. Further assume that all parts produced can be sold for $0.40 each.
a. Should Operation 1 or Operation 2 be recommended?
b. What is the basic tradeoff in this problem?
a. The profit using Operation 1 is $ 4,237 per day. (Round to the nearest dollar.)
The profit using Operation 2 is $
per day. (Round to the nearest dollar.)
...
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