2) A company produces two products that are processed on two assembly lines. Assembly line 1 has 100 available hours‚ and assembly line 2 has 42 available hours. Each product requires 10 hours of processing time on line 1‚ while on line 2‚ product 1 requires 7 hours and product 2 requires 3 hours. The profit for product 1 is $6 per unit‚ and the profit for product 2 is $4 per unit. a. Formulate a linear programming model for this problem. b. Solve this model by using graphical analysis. 6)
Premium Imperial units Assembly line Linear programming
| MERTON TRUCK | Memorandum To: President From: Date: ------------------------------------------------- Re: Merton Truck Company Introduction In response to your report and request regarding Merton’s financial performance and product mix‚ I have met with your controller‚ sales manager and production manager‚ and have provided a solution that will improve the company in these two areas. Using a systematic approach‚ I was able to analyze the current machine hours‚ standard costs‚ and
Premium Operations research Linear programming Optimization
Introduction Linear optimization is a mathematical method for determining a way to achieve the best outcome such as maximum profit or lowest cost in a given mathematical model for some list of requirements represented as linear relationships. Linear programming is a specific case of mathematical programming The Primary Purpose of the present investigation is to develop an interactive spreadsheet tool to aid in determining a maximum return function in 401K plan. In this paper‚ we discuss how the
Premium Optimization Spreadsheet Operations research
IBS‚ Hyderabad Semester-I (Class of 2015) Timetable Sessions started from June 18‚ 2013. This Timetable with effect from July 03‚ 2013 Semester End Examinations 6th to 12th October 2013 Time Monday OB-H (FN) OB-I (PRG) OB-J (RMC) OB-K (SRY) OB-L (SKN) OB-M (TD) OB-N (DC) X X BC-G (AGK) ISM-A (SSP) X ISM-C (CLD) ISM-D (MRP) ISM-E (ARD) ISM-F (SND) AFM-G (BRJ) X X X ME-H (PB) ME-I (AKD) ME-J (JOJO) ME-K (SHB) X ME-M (ARU) ME-N (IRS OB-A (FN) OB-B (PRG) OB-C (RMC) OB-D (SRY) OB-E (SKN) OB-F (TD) X
Premium Management Operations research Organization
St. Thomas University School of Business BUS 533 Quantitative Methods forBusiness Dr. Maria Dolores Espino Office: O’Mailia Hall Rm. 118 Tel: (305) 628-6791 E-mail: Mespino@stu.edu Text : Nagraj Balkrishnan ‚Barry Render‚ and Ralph M. Stair Jr.‚ Managerial Decision Modeling with Spreadsheets Prentice Hall‚ 2007. Course Overview : Quantitative methods are used in business to aid managers and leaders in making decisions. The purpose of this course is to provide students with a comprehensive
Premium Decision making Management Forecasting
INDIVIDUAL ASSIGNMENT (MDM) Management Decision Making Deadline: 19 Oct 2014 Tarmac Chemical Corporation produces a special chemical compound—called CHEMIX—that is used extensively in high school chemistry classes. This compound must contain at least 20% sulfur‚ at least 30% iron oxide‚ and at least 30% but no more than 45% potassium. Tarmac’s marketing department has estimated that it will need at least 600 pounds of this compound to meet the expected demand during the coming school session
Premium Chemical compound Chemical element Chemistry
OMIS 2355 Case Study Case 4 Kamm Industries Reporter: Yongchao Gao Yuan Cheng Yihe Wang 1 1. Introduction to the Case If your home or office is carpeted‚ there’s a good chance that carpet came from Dalton‚ Georgia—also known as the “Carpet Capital of the World.” Manufacturers in the Dalton area produce more than 70% of the total output of the $9 billion worldwide carpet industry. Com
Premium Carpet Knitting Costs
Cory Maillet Krisandra Horn Quain Lawn and Garden‚ Inc. Case Analysis After a false retirement Bill and Jeanne Quain realized their destined action in the plant and shrub business. The need for a high-quality commercial fertilizer prompted the innovation of a blended fertilizer called “Quain-Grow”. Working with chemists at Rutgers University‚ a mixture was constructed from four compounds‚ C-30‚ C-92‚ D-21 and E-11. The costs for these four compounds per pound is as follows: CHEMICAL COMPOUND COST
Premium Linear programming Optimization Operations research
Huffman Benefits IT Plan CGMT – 410 Shaun vanBergen University of Phoenix February 20‚ 2012 WBS Task Flow Network and Critical Path Project Schedule Project Reporting Communication is the key factor in determining if any project is a success or not. In order for the communication to be as effective as possible there are certain chains that it must follow so that the proper information gets to the right people. Listed below is the way that all information will flow for the
Premium Management Project management Critical path method
Positive Reinforcement Essay Positive impressions can really shape how a person perceives you or what you think of another person. By using positive reinforcement‚ especially when it may be un warranted‚ you can increase someone else’s self-esteem. Similarly‚ complimenting someone will likely cause them to have favorable impressions on you and possibly offer a compliment in return. For this assignment I emailed three of my teachers; my Statistics teacher‚ my Managerial Accounting teacher and
Premium Teacher E-mail Education