Sed and there is surplus hours plus in machine centre Z? A manufacturer of baby dolls makes three types of dolls: Doll A, Doll B and Doll C. Processing of these dolls is done on three machines, M, M2 and Mg. Doll A requires two hours on machine M¡ and three hours on machine M3. Doll B requires three hours on machine M, two hours on machine M2 and two hours on machine M3, while doll C requires five hours on machine M, and four hours on machine M3. There are eight hours of time per day available on machine M, ten hours of time available on machine M2 and 15 hours of time per day available on machine M. The profit gained from doll A b 3 per doll, from doll B is ? 5 per doll and from dollC is 4 per doll. What should be the daily production of each type of dolls? Which machine(s) would be idle according o this plan? By how much? A company manufactures two products, A and B, Produat roduct BR 40 per unit towardo
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.
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