Required: 3. Identify and explain the shadow prices for each of the resource constraints. 4. Which of the resource constraints profit the most? 5. Identify the sensitivity ranges for the profit of a sausage biscuit and the amount of sausage available. Explain these sensitivity ranges.
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- A company plans to produce 25,000 units in a 3-month period. The months have 22, 21, and 20 working days, respectively. What should the average daily production be?A recurring maintenance job in a factory is being done by a three-man crew. Due to the nature of the job and space limitations, it was observed that two of the men were idle 37% of the time; one of the men was also idle an additional of the time, and at any given time only one man was required. The men were each paid P24.00 per hour. Each time the job was performed a set of tools and equipment with a value equivalent to P36.00 per hour was used. If the three-men crew could complete the work in 5 hours, which crew size would be the most economicalLBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.0 hours of direct labor at the rate of $26.00 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June. The budgeted direct labor cost per unit of Product WZ would be: $78.00 $7.00 $26.00 $46.00
- In order to produce 1000 units of X in a week units X is scheduled weekly for Operation B (due to 5% scrap ratio) units X is scheduled weekly for Operation A (due to 2% scrap ratio) Based on your answer in part a, find the number of machines required to produce 1000 units of X per week. The total time required to perform Operation B = minutes per week The total time required to perform Operation A = minutes per week H= Available Time in a week = minutes /week Thus FA = . FB = . Since both of the operations A and B are performed on the same machine machines are requiredDesign capacity is the ability of the company to produce the quantity of goods and services within a particular period of time when the company have best condition to produce and when the company have unlimited resources. These resource's includes- Men, Machinery, Material etc. It shows the maximum capacity of the company to produce. Effective capacity refers to the ability of the company to produce maximum quantity within a particular period of time to achieve in current production condition and current resources. It shows the real outcome capacity of the firm when the company produce within their own current condition of their production. Question Why is the capacity design important?Design capacity is the ability of the company to produce the quantity of goods and services within a particular period of time when the company have best condition to produce and when the company have unlimited resources. These resource's includes- Men, Machinery, Material etc. It shows the maximum capacity of the company to produce. Effective capacity refers to the ability of the company to produce maximum quantity within a particular period of time to achieve in current production condition and current resources. It shows the real outcome capacity of the firm when the company produce within their own current condition of their production. In design capacity it is assume that the company will produce in best and ideal condition to produce goods and services while in Effective capacity it is assume that company will produce in current operating conditions. In design capacity it is assume that the company have unlimited resource's. It means these resource's include:- Men,…
- The senior management at Davis Watercraft would like to determine if it is possible to improve firm profitability by changing their existing product mix. Currently, the product mix is delermined by giving resource priority to the highest contribution margin watercrafts. Davis Watercraft always has a contingent of 10 workers on hand; each worker is paid $25 per hour. Overhead costs are $38,000 per week. The plant operates 18 hours per day and 6 days per week. Labor is considered a fixed expense because workers are paid for their time regardless of their utilization. The production manager has delermined that workstation 1 is the bottleneck. Delailed production information is provided below. Model A B Price $495 $345 $525 Material costs $45 $35 $115 Weekly demand Processing Time Station 1 Processing Time Station 2 Processing Time Station 3 Processing Time Station 4 100 75 40 60 30 60 10 60 20 30 40 a. Using the traditional method, which bases decisions solely on a product's contribution…The textile company “Designs Sports” is dedicated to the production of sports clothing. In its line has shorts, pants and t-shirts. From management they requested to manufacture the quantity of each product to maximize profits. To manufacture each type of garment It goes through two areas, sewing and finishing. Furthermore, all three garments require the same type of fabric. Two people work in the sewing area, while in the production area finished only one. In the company we work 8 hours a day, 5 days a week. The Weekly fabric availability is 375 square meters. Lastly, each shirt contributes $100 US to profits, each short with $80 US; and each pair of pants with $150 US. Solve this operations research problem.1.) Because most equipment is not used on a project for an entire year, the costs must be converted to an hourly, weekly, or monthly cost. true or false 2.) Operation costs include tires and other wear items, fuel, lubricants and filters, and repair reserves. true or false 3.) Operating costs are those costs that are most closely related to how long a piece of equipment is owned rather than how much a piece of equipment is used. true or false Note: please help us in this sample problem and also please explain even a little bit so that we can understand it thank you
- P1 P4 P2 P3 P5 P5 P5 P6 ... P1 has a production rate of 15 units/hour, P2 = 30 units/hour, P3 = 10 units per hour, P4 = 4 units/hour, P5 = 1 unit(s) per hour for each P5 and P6 = 6 units per hour. Operation P4 occurs seperately from and simultaneously with operations P1-P3. Operation P5 has three parallel and identical lines; therefore, each part only needs to go through one of the three lines. Consider the following two independent improvements: Improvement 1: Change station P4 into two connected stations (P4-1 and P4-2, connected in series) that have process times of 4 min/unit and 6 min/unit respectively. Improvement 2: Add two additional P5 stations to give you 5 parallel and identical lines. Improvement 2 increases capacity because it improves the bottleneck. The new bottleneck is station P4 since the original bottleneck has a process time of The new yearly capacity would be units per year. a) Which of the two improvements will provide the largest increase in capacity? What is the…1. A major supermarket chain has decided to sub-contract production of ready-to-eat sandwiches to your production plant. Your plant can make three kinds of sand- wiches, each of which take the following amounts of raw ingredients (measured in grams) to produce: Sandwich | Chicken Cheese Lettuce Tomato Bread 45 15 25 10 13 Chicken Salad Chicken Club Cheese and salad 920 0 20 30 Chicken Salad Chicken Club Cheese and Salad 15 10 20 The total amount of time (measured in minutes) to make one of each sandwich is listed below, together with the price that the supermarket will pay to purchase one of each: Sandwich | Time to Make Price 2.8 4.8 1.3 60 90 60 £1.25 £1.65 £0.95 For the sake of this problem you can treat ingredients used and number of sandwiches made as continuous quantities we could perhaps think of this as the average made per day over a longer period, in which case making 100.43 sandwiches per day would still make sense. (a) Suppose that you have 5000g of chicken, 2500g of…fi Auto mobile company manufactures cars and trucks. Each vehicle must be processed in the paint shop and body assembly shop. If the paint shop were only painting trucks, then 80 per day could be painted. If the paint shop were only painting cars, then 120 per day could be painted. If the body shop were only producing cars, then it could process 100 per day. If the body shop were only producing trucks, then it could process 100 per day. Each truck contributes GHS60,000 to profit, and each car contributes GHS40,000 to profit. Use linear programming to determine a daily production schedule that will maximize the company’s profits.