Week 1 2 The Build-Em-Fast Company has agreed to supply its best customer with three widgets during each of the next 3 weeks; even through producing them will require some overtime work. The relevant production data are as follows: 3 Maximum Production, Regular Time 2 3 1 Maximum Production, Overtime 2 2 2 Production Cost Per Unit, Regular Time $300 $500 $400 The cost per unit produced with overtime for each week is $100 more than for regular time. The cost of storage is $50 per unit for each week it is stored. There is already an inventory of two widgets in hand currently, but the company does not want to retain any widgets in inventory after the 3 weeks. Management wants to know how many units should be produced in each week to minimize the total cost of meeting the delivery schedule. 1. Formulate this problem as a transportation problem by constructing the appropriate parameter table.

Week 1 2 The Build-Em-Fast Company has agreed to supply its best customer with three widgets during each of the next 3 weeks; even through producing them will require some overtime work. The relevant production data are as follows: 3 Maximum Production, Regular Time 2 3 1 Maximum Production, Overtime 2 2 2 Production Cost Per Unit, Regular Time $300 $500 $400 The cost per unit produced with overtime for each week is $100 more than for regular time. The cost of storage is $50 per unit for each week it is stored. There is already an inventory of two widgets in hand currently, but the company does not want to retain any widgets in inventory after the 3 weeks. Management wants to know how many units should be produced in each week to minimize the total cost of meeting the delivery schedule. 1. Formulate this problem as a transportation problem by constructing the appropriate parameter table.

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...

See similar textbooks

Similar questions

Integrated supply: List the features of an integrated supply project?
Discuss three (3) career interventions, with specific examples that Tarmac can implement to prepare for the position of Assistant Sales Manager- International Operations.
In the Marketing Plan, creating value to target customers in Air Asia is one of the important plan that should we do. Explain.
Determine KPLC's (kenya power and Lightning) competitive position by profiling the firm's competitors (Criteria to be used: market share, community reputation, financial position, price competitiveness and capacity & productivity)
Chinese internet giant ByteDance has reportedly raked in over US$110 billion in sales for 2023, Bloomberg reported, citing people familiar with the matter. That means ByteDance would potentially surpass Tencent, which is on track to earn US$86 billion in revenue this year. The news comes after ByteDance – which owns TikTok and Douyin – reportedly closed its revenue gap with Meta in the second quarter of this year, posting US$29 billion in revenue and a 40% year-on-year growth for the quarter. Currently valued at US$225 billion, the Chinese company is also the most valuable privately owned startup globally, according to CB Insights’ research. While ByteDance doesn’t disclose profitability figures, Financial Times previously reported that its EBITDA soared 79% to US$25 billion in 2022. According to The Information, 80% of the company’s revenue comes from the domestic market, with the rest from international markets. However, TikTok aims to replicate Douyin’s local strategy of merging…
Please answer the question 3 of the case study with full explanation and reference to the provided tables consider the advantages and disadvantages of both options insourcing and outsourcing that affect the decision of choosing one over the other.
Drawing from the components of a mission statement, write a short mission statement for a ministry of a central government
Tropical Leisure Limited has been making high quality Caribbean leisure wears for over twenty-five years, in old rented premises located in the heart of the Barbadian capital of Bridgetown. The company has a flexible labour force of about twenty employees and three directors, only one of whom, namely Mr. Grant, the managing director, is fully active in the business, who wishes to take the business outside of Barbados. Thoughts have been given to launch a small sample on the European market. The company specializes in leisure and swim wear garments for the exotic, high end markets. Their current range consists of tee shirts, shorts, skirts and bath suits in rich vibrant Caribbean colours and styles for men, women and children. The company capacity is 400-500 garments per week, depending on style and continuity of the production run, but additional floor space and machines could be brought in quickly to raise production levels to a maximum of 1000 garments weekly if required. A new…
What markeing mix recommendations would you have for Callway as it attempts to increase international market share, especially in Asian markets?
Interpret the “Diversification Strategy” which is grouped under the “Secondary Level Strategies” of an organisation and determine an example for each type of strategies.
What is the Value to Customers in Air Asia?
What is the relationship between business operations and CSR at BP?