In Myanmar, six laborers, each making the equivalent of $3.00 per day, can produce 40 units per day. In China, eleven laborers, each making the equivalent of $2.25 per day, can produce 45 units.In Billings, Montana, three laborers, each making $57.00 per day, can make 105 units.Based on labor cost per unit only, the most economical location to produce the item isBillings, MontanaChinawith a labor cost per unit of $ (Enter your response rounded to two decimal places.)Myanmar

Labor cost is the expense incurred on the manpower usage while producing an goods or service. It is…

Answered: In Myanmar, six laborers, each making…

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...

See similar textbooks

Similar questions

It is summertime and your winter coat factory is trying to decide its production schedule and staffing level for the next season. You are forecasting a demand of 5000 coats in October, 8000 coats in November, 8000 coats in December, 12000 coats in January, 12000 coats in February, and 9000 coats in March. You want to manufacture these coats at the lowest cost possible/ The first decision you need to make is how many people to hire. Each employee will cost $2500 a month. You don’t want to hire or fire any employees mid-season in order to minimize disruptions in your factory floor. You can have employees idle if there isn’t sufficient work for them to do. Employees still need to be paid even if they are idle. An employee works 20 business days a month and takes half a day to produce one coat. The employees can also be asked to work overtime, in which case you need to pay them $70 per coat they produce. You don’t need to assume there is any capacity constraint on the number of overtime…
2. Four products are processed sequentially on three machines in an aircraft maintenance workshop. The following Table 1 gives the operational data of the problem. Machine 1 2 3 Unit selling price ($) Table 1: Operational data for the problem Manufacturing time (hr) per unit Cost per hr Product Product Product Product $ 1 3 4 10 2 4 2 5 1 2 4 2 1 55 45 37 75 2323 70 Capacity (hr) 500 380 450 (a) Formulate the problem as a Linear Programming (LP) problem (b) Determine the optimal product-mix in the production schedule and the optimal profit
According to the latest unemployment report, American manufacturing added 24,000 jobs last month but in Skowhegan Maine more than 300 manufacturing jobs at a New Balance shoes plant could be on the line in the face of new competition overseas. Employees at the plant, like Skip Bowman, know that his company would make more money if it would shut down the plant and move his job oversees. He says that every day he walks through the doors; he is part of the effort to keep the factory going. New Balance is the last major brand to produce athletic shoes in the U.S. About 25% of its manufacturing is still in New England where it has operated for nearly a 100 years. The privately owned company says it is committed to its American workers. In discussions with Pat Welch, plant manager for New Balance, he says that if they were thinking about the bottom line and only the bottom line, New Balance wouldn’t be here (Skowhegan Maine). In the backdrop of plant operations, Welch interacts with workers…
1
Fashion Fun makes 2 types of high end sneakers for toddlers, "Run-It-Out" brand and Jump-It-Out" brand. Manufacturing times for each set of sneakers is given below: Run-It-Out Jump-It-Out Total Hours Available Molding Time 2 4 39 Assembly Time 44 Accessory Time 3 34 The profit for the Run-It-Out brand is 85 per pair sold and the profit for Jump-lt-Out is $150 per pair sold FORMULATE the linear programming problem using the above data. Do NOT solve the problem. Be sure to define the decision variables, objective function, and all constraints.
Hand written solutions are strictly prohibited
Pls help with this homework.
Aaron is a young entrepreneur. He saw a business opportunity in providing alternative electricity solutions. He started his business, Alt Energy, a year ago. He rents a small office and storage room, and he owns three vehicles. The office is used for administration. The storage room is used to store expensive equipment and stock. Aaron has employed an administration clerk and four technicians. Due to the increase in loadshedding, his business has grown rapidly. He has appointed a new manager and he wants to provide him with a report on what risk and risk management is. The report should follow the following format: 1. Introduction 2. Risk 2.1 Risk defined 2.2 Systemic and Systematic risks 3. Risk Management 3.1 Reasons why risk management would be important to Alt Energy 3.2 Researched example of another company that did not manage their risks 4. The risk management process 4.1 Objectives 4.2 Risk identification 4.3 Risk evaluation 4.4 Risk control 4.5 Risk financing 4.6…
Chalimbana university farm is about to hire workers for its production of cabbage in a space of 5 months. as a student of farm management, you decide to increase the labour by 2 units at the first output,1 unit in the second and third output, 16 units in the fourth output and 20 units in the fifth output at each production level. The farm then realizes an output of 10,25, 65,30, and 30 in that period. The farm workers got a wage of k40 per month.a. Calculate the following at different level of output.i. marginal product, (MP) ii marginal revenue product (MRP) iii marginal resource cost (MRC)

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS