Operations Management
Operations Management
13th Edition
ISBN: 9781259667473
Author: William J Stevenson
Publisher: McGraw-Hill Education
bartleby

Concept explainers

Question
Book Icon
Chapter 19, Problem 9P
Summary Introduction

To determine: The optimal mix of products that maximizes the profit and the range of optimality of the profit coefficient of each variable.

Introduction:

Linear programming:

Linear programming is a mathematical modeling method where a linear function is maximized or minimized taking into consideration the various constraints present in the problem. It is useful in making quantitative decisions in business planning.

Range of optimality:

It is the range of values at which the coefficient of the objective function of a decision variable will change without changing either the list of the variables in the optimal quantities or the solution.

Blurred answer
Students have asked these similar questions
Two vital stages in a production process are assembly I and assembly II. The unit load for the assembly I stage is 7.0 ( 50% higher for high skill) minutes, while it is 10.0 (30 % higher for high skill) minutes for assembly II. There are 7 employees working in assembly I and 8 employees working in assembly II. 65% of low skill labor and 35% of high skill labor are required at both stages. . On average 18% of the operating time is wasted, what's the theoretical unit load for Assembly II? answer is 9.06 please explain
A manufacturing process has a i xed cost of $150,000 per month. Each unit of product being produced contains $25 worth of material and takes $45 of labor. How many units are needed to break even if each completed unit has a value of $90?
. Aquatica makes underwater camera housings for divers. The process begins with a solid rectangular block of aluminum that is used to make a single housing. A computer numerically controlled (CNC) machine drills into the block to make the metal “frame” of the housing. Each block requires 15 minutes of drilling. The frame is then chemically treated in a series of baths. There is ample capacity in the treating stage. Finally, a worker must manually attach the various buttons and components to the metal housing. This assembly takes 120 minutes per housing per worker and Aquatica has 6 workers trained to do this task. The CNC machine requires a 30-minute setup time before the production of a batch can begin. a. If the CNC machine produces 14 housings between setups, what would be its capacity (in housings per hour)? b. Assuming the process is supply-constrained, what is the utilization (as a number between 0 and 1) of the CNC machine if it operates in batches of 14 housings? c. Assuming…
Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,