Bindley Corporation has a one-year contract to supply motors for all washing machines produced by Rinso Ltd. Rinso manufactures the washers at four locations around the country: New York City, Fort Worth, San Diego, and Minneapolis. Plans call for the following numbers of washing machines to be produced at each location: New York City 50,000 Fort Worth 70,000 San Diego 60,000 Minneapolis 80,000 Bindley has three plants that can produce the motors. The plants and production capacities are Boulder 100,000 Macon 100,000 Gary 150,000 Due to varying production and transportation costs, the profit Bindley earns on each 1,000 units depends on where they were produced and where they were shipped. The following table gives the accounting department estimates of the dollar profit per unit. (Shipment will be made in lots of 1,000.) SHIPPED TO PRODUCED AT NEW YORK CITY FORT WORTH SAN DIEGO MINNEAPOLIS Boulder 7 11 8 13 Macon 20 17 12 10 Gary 8 18 13 16 Given profit maximization as a criterion, Bindley would like to determine how many motors should be produced at each plant and how many motors should be shipped from each plant to each destination. What is the expected profit? a $4,240,000 b $3,780,000 c $4,678,000 d $3,680,000 Using the data from above, which of the following is true for shipments from San Diego a 10,000 to Boulder 15,000 to Macon 45,000 to Gary b 0 to Boulder 0 to Macon 60,000 to Gary c 10,000 to Boulder 15,000 to Macon 15,000 to Gary d 0 to Boulder 15,000 to Macon 45,000 to Gary
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Bindley Corporation has a one-year contract to supply motors for all washing machines produced by Rinso Ltd. Rinso manufactures the washers at four locations around the country: New York City, Fort Worth, San Diego, and Minneapolis. Plans call for the following numbers of washing machines to be produced at each location:
| New York City | 50,000 |
| Fort Worth | 70,000 |
| San Diego | 60,000 |
| Minneapolis | 80,000 |
Bindley has three plants that can produce the motors. The plants and production capacities are
| Boulder | 100,000 |
| Macon | 100,000 |
| Gary | 150,000 |
Due to varying production and transportation costs, the profit Bindley earns on each 1,000 units depends on where they were produced and where they were shipped. The following table gives the accounting department estimates of the dollar profit per unit. (Shipment will be made in lots of 1,000.)
| SHIPPED TO | ||||
| PRODUCED AT | NEW YORK CITY | FORT WORTH | SAN DIEGO | MINNEAPOLIS |
| Boulder | 7 | 11 | 8 | 13 |
| Macon | 20 | 17 | 12 | 10 |
| Gary | 8 | 18 | 13 | 16 |
Given profit maximization as a criterion, Bindley would like to determine how many motors should be produced at each plant and how many motors should be shipped from each plant to each destination.
What is the expected profit?
| a | $4,240,000 | |
| b | $3,780,000 | |
| c | $4,678,000 | |
| d | $3,680,000 |
Using the data from above, which of the following is true for shipments from San Diego
| a |
10,000 to Boulder 15,000 to Macon 45,000 to Gary |
|
| b |
0 to Boulder 0 to Macon 60,000 to Gary |
|
| c |
10,000 to Boulder 15,000 to Macon 15,000 to Gary |
|
| d |
0 to Boulder 15,000 to Macon 45,000 to Gary |
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