Metro Food Services Company delivers fresh sandwiches each morning to vending machines throughout the city. The company makes three kindsof sandwichesham and cheese, bologna, and chicken salad. A ham and cheese sandwich requires a worker 0.45 minutes to assemble, a bolognasandwich requires 0.41 minutes, and a chicken salad sandwich requires 0.50 minutes to make. The company has 960 available minutes each nightfor sandwich assembly. Vending machine capacity is available for 2,000 sandwiches each day. The profit for a ham and cheese sandwich is $0.35,the profit for a bologna sandwich is $0.42, and the profit for a chicken salad sandwich is $0.37. The company knows from past sales records thatits customers buy as many or more of the ham and cheese sandwiches than the other two sandwiches combined, but customers need a variety ofsandwiches available, so Metro stocks at least 200 of each. Metro management wants to know how many of each sandwich it should stock tomaximize profit.If Metro Food Services could hire another worker and increase its available assembly time by 480 minutes or increase its vending machine capacity by 100 sandwiches, which should it do? Why? How much additional profit would your decision result in?
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.
Metro Food Services Company delivers fresh sandwiches each morning to vending machines throughout the city. The company makes three kinds
of sandwichesham and cheese, bologna, and chicken salad. A ham and cheese sandwich requires a worker 0.45 minutes to assemble, a bologna
sandwich requires 0.41 minutes, and a chicken salad sandwich requires 0.50 minutes to make. The company has 960 available minutes each night
for sandwich assembly. Vending machine capacity is available for 2,000 sandwiches each day. The profit for a ham and cheese sandwich is $0.35,
the profit for a bologna sandwich is $0.42, and the profit for a chicken salad sandwich is $0.37. The company knows from past sales records that
its customers buy as many or more of the ham and cheese sandwiches than the other two sandwiches combined, but customers need a variety of
sandwiches available, so Metro stocks at least 200 of each. Metro management wants to know how many of each sandwich it should stock to
maximize profit.If Metro Food Services could hire another worker and increase its available assembly time by 480 minutes or increase its vending machine
capacity by 100 sandwiches, which should it do? Why? How much additional profit would your decision result in?
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