Question Help Worley Fluid Supplies produces three types of fluid handling equipment. control valves, metering pumps, and hydraulic cylinders. All three products require assembly and testing before they can be shipped to customers. The accompanyin data provide the number linear optimization model to determine how many pieces of equipment the company should make next week to maximize profit contribution. minutes that each type requires in assembly and testing, the profit, and sales estimates, A total of 3.000 minutes of assembly time and 2,100 minutes of testing time are available next week. Develop and solve a E Click here view the production and sales estimate data Production and Sales Estimate Data Complete the table below to indicate how many pieces of equipment should be made Control Valve Metering Pump Hydraulic Cylinder Control Valve Metering Pump Hydraulic Cylinder (Round to the nearest whole number as needed) Assembly time (min) 45 20 30 Testing time (min) Profit/unit 20 15 25 $372 $171 $292 Maximum sales 22 52 45 Minimum sales 7 14 23
Question Help Worley Fluid Supplies produces three types of fluid handling equipment. control valves, metering pumps, and hydraulic cylinders. All three products require assembly and testing before they can be shipped to customers. The accompanyin data provide the number linear optimization model to determine how many pieces of equipment the company should make next week to maximize profit contribution. minutes that each type requires in assembly and testing, the profit, and sales estimates, A total of 3.000 minutes of assembly time and 2,100 minutes of testing time are available next week. Develop and solve a E Click here view the production and sales estimate data Production and Sales Estimate Data Complete the table below to indicate how many pieces of equipment should be made Control Valve Metering Pump Hydraulic Cylinder Control Valve Metering Pump Hydraulic Cylinder (Round to the nearest whole number as needed) Assembly time (min) 45 20 30 Testing time (min) Profit/unit 20 15 25 $372 $171 $292 Maximum sales 22 52 45 Minimum sales 7 14 23
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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Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
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Worley Fluid Supplies produces three types of fluid handling equipment. control valves, metering pumps, and hydrauliç cylinders All three products require assembly and testing before they can be shipped to customers. The accompanying
data provide the number of minutes that each type requires in assembly and testing, the profit, and sales estimates, A total of 3.000 minutes of assembly time and 2,100 minutes of testing time are available next week. Develop and solve a
linear optimization model to determine how many pieces of equipment the company should make next week to maximize profit contribution.
E Click here to view the production and sales estimate data
Production and Sales Estimate Data
Complete the table below to indicate how many pieces of equipment should be made
Control Valve
Metering Pump
Hydraulic Cylinder
Control Valve
Metering Pump
Hydraulic Cylinder
(Round to the nearest whole number as needed.)
Assembly time (min)
45
20
30
Testing time (min)
20
15
25
Profit/unit
$372
$171
$292
Maximum sales
22
52
Minimum sales
14
23
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