Q1. A manufacturing firm has discontinued production of a certain unprofitable productline. This created considerable excess production capacity. Management is considering todevote this excess capacity to one or more of three product 1,2 and 3. The available capacityon the machines which might limit output are given below:Machine typeMillingmachineLatheGrinderAvailable time(in machine hours per week)250MillingLatheGrinder15050The number of machine hours required for each units of the respective product is givenbelow;Machine typeProductivity (in machine hours/unit)Product 1Product 2842230Product 3301The unit profit would be 20 birr, 6 birr and 8 birr for products 1,2 and 3. Find how much ofeach product the firm should produce in order to maximise profit ? Solve the problem bysimplex method.

Objective Functions and Constraints: Based on the given details, the objective…

Answered: Q1. A manufacturing firm has…

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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A manager must whether to buy machine A or B. Machine costs are as follows: A $52,000 each; B $100,000 each Product forecast and processing times on the machines are as follows Processing Time per unit (minutes) Product Annual Demand A B 1 8,000 2 18,000 3 10,000 Assume that only purchasing costs are being considered. Which machine would have the lowest purchase cost and how many of that machine would be need? Machines operate 8 hours a day 250 days per year. The machines differ in hourly operation costs. The A machines have an hourly operating cost of $12 each and B machines have an hourly operating cost of $30 each. What is the operating cost per year and which alternative should be selected to minimize total cost (for the first year) while satisfying the processing requirements? Edit Format Table 12pt v Paragraph v BIUA ev T?v||: MacBook Air esc 80 888 DII F1 F2 F3 F4 F5 F6 F7 FR @ # $ % 1 2 3 4 5 7 8. Q W E R T Y A S D F G < CO
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9. The Ace Manufacturing Company has orders for three similar products: Orders Product (units) A 2000 500 1200 B C Three machines are available for the manufacturing operations. All three machines can produce all the products at the same production rate. However, due to varying defect per- centages of each product on each machine, the unit costs of the products vary depending on the machine used. Machine capacities for the next week and the unit costs are as follows: Сараcity (units) Product Machine Machine A в C 1500 $1.00 $1.30 $1.10 $1.20 $1.40 $1.00 $0.90 $1.20 $1.20 1 1500 1000 3 Use the transportation model to develop the minimum cost production schedule for the products and machines. Show the linear programming formulation. 123
II. TALENT MANAGEMENTPlusCoop is a company that manages co-working space rentals, or popular known as co-working spaces. Established since 2014, PlusCoop offers rental services a workspace intended for freelancers, entrepreneurs, and business operators small medium. The space offered consists of 3 types:1. 4 units of communal workspace - large space, maximum capacity of 40 people, rental mechanism per day (24hours) and per person.2. 20 units of exclusive workspace - enclosed space, maximum capacity of 2 people per room, rental mechanismper month and per room.3. 4 units of conference room - large room, maximum capacity of 20 people, rental mechanism per day, withprojector and screen facilities. Armed with wi-fi facilities, whiteboard, free coffee-tea station, and a strategic location in the city center, During 4 years of operation, PlusCoop has succeeded in becoming a very popular co-working space by their target consumers. However, the pandemic that hit Indonesia in 2019 resulted in…
Pls solve this question correctly in 5 min i will give u like Question # 2 A company produces two products, A and B. The sales volume for product A is at least 40% of the total sales of the two products. Both products use the same raw material, of which the daily availability is limited to 200 kg. Products A and B use this raw material at the rates of 5 kg/unit and 2 kg/unit, respectively. The sales prices for the two products are $50 and $20 per unit. Determine the following: a)Optimum volume of each product to be produced? b)What impact does the production mix have, in case the sales price of Product B decreases by 50%?
00:53:53 C k TB Problem Qu. 5-114 (Algo) Mccabe Corporation uses the weighted-average... for September. Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department Mc Graw Hill control Work in process, September 1 Units started into production during September Units completed during September and transferred to the next department Work in process, September 30 Equivalent units of production Q A 2 Required: the weighted-average method. Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using Z option W S # 3 X F3 Materials E H command D $ 4 DOD DOO F4 Conversion R C do 5 % F U * 8 N DII F8 Units 800 8,200 7,300 1,700 ( 9 F9 K M 0 Materials 55% F10 Percent Complete 75% L H P F11 > Help command Conversion 10% 25% + 11 Save & Exit 2 F12 option 2 Sub dele
1
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