Preview

Kamdhenu Dairy Case

Satisfactory Essays
Open Document
Open Document
274 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Kamdhenu Dairy Case
Case Analysis: “Kamdhenu Dairy”
Decision Analysis - I PGP1 Section B Group 4

Group Members
AMARENDRA SAHOO PGP2011533 BHAWNA GOKANI PGP2011595 CHATARKAR ANURAG MAHADE PGP2011600 C.LALRUATSANGA 2011FPM06 RUPSA CHAKRAVARTY PGP2011837 SAARANG K. MEHTA PGP2011841 UTKARSH SINGH PGP2011923

Case Analysis – Kamdhenu Dairy (A)
Decision Variables Let x1, x2, x3, x4, x5, x6, x7, x8, x9, x10, x11, x12 be the 12 combinations of Main and By-Products as given in the table. Table 1: Decision Variables
Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 Product Mix (Variables) FA Milk + Butter (x1) FA Milk + Ghee (x2) SMP + Butter (x3) SMP + Ghee (x4) WMP + Butter (x5) WMP + Ghee (x6) Baby Food + Butter (x7) Baby Food + Ghee (x8) Cheese + Butter (x9) Cheese + Ghee (x10) Std Milk + Butter (x11) Std Milk + ghee (x12)

In this case our Objective is to maximize the Contribution (Z) as given in the table Z = Total Revenue – Total Direct Cost Total Direct Cost = Milk Cost + Processing and Packaging Cost

Total Revenue = Revenue from Main Product + Revenue from By- product Revenue from Main Product = Revenue per unit Main Product (from Exhibit 3) * Quantity of Main Product Revenue from By-Product = Revenue per unit By-Product * Quantity of By- Product Since Ghee are produced from Butter churns we will have to convert the Ghee into Corresponding Butter Units so that constraint for Butter is taken into Consideration. Question 2.a Case 1: Summer without contract

Table 2: Constraints are as given in the following table
Constraints Limiting values F.A Milk Butter Constraint Total SMP Total WMP SMP (x3)*813 + SMP from (x4)*813 +WMP (x5)*1179 +
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    EGT 1 Task 1
    • 510 Words
    • 3 Pages

    EGT 1 Task 1

    1. When calculating marginal revenue from the given scenario, one can see that is has decreased. As production increases, total revenue does increase but marginal revenue slowly but consistently decreases by $10 a unit each time. Since this is based off of a monopolistically competitive market, fluctuation of market revenue…

    • 510 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Hsm 260 Week 4 Case Study
    • 660 Words
    • 3 Pages

    Hsm 260 Week 4 Case Study

    Sales revenue | $580,000 | $600,000 | $20,000 | U | Cost of goods sold | $385,000 | $360,000 | $25,000 | F |…

    • 660 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    WGU EGT1 Task 1 Essay Example
    • 912 Words
    • 4 Pages

    WGU EGT1 Task 1 Essay Example

    A2. Marginal revenue (MR) is extra profit a company makes selling one more unit of a product. Marginal cost (MC) is the expenditure to the company to produce one more product. This is calculated taking the total cost (TC) of the last product made and subtracting the total cost (TC) of the product before that. The graph shows, it costs $30 to make one product and $50 to make two. (MC) is $50 minus $30, equalling $20. (MC) goes up $10 for every additional product. This increases from making one product up until eight. The profit is at a maximum at this point (Line 8 Bolded). The marginal revenue (MR) then decreases with each additional product made after the eighth. ("marginal cost," 2013)…

    • 912 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    9422 Plus Answes
    • 1998 Words
    • 8 Pages

    9422 Plus Answes

    In a competitive industry, suppose the marginal revenue product (MRP) of the last doughnut baker hired is $35, the MRP of the last bagel baker hired is $15, and a bakery must pay doughnut bakers $40 a day and bagel bakers $10 per day. To maximize profits the bakery should hire:…

    • 1998 Words
    • 8 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Mat540 Assignment 3
    • 418 Words
    • 2 Pages

    Mat540 Assignment 3

    The objective is to maximize total profit. Profit is calculated for each variable by subtracting cost from the selling price.…

    • 418 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    EGT1: Task 1
    • 514 Words
    • 3 Pages

    EGT1: Task 1

    One can compute the total revenue if the marginal revue and the number of units sold. If the marginal revenue of a product is zero than the total revenue will not change with an increase in the number of units sold.…

    • 514 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    WGU EGT1 Task 1
    • 746 Words
    • 3 Pages

    WGU EGT1 Task 1

    In this given situation a company exists in a monopolistic competition where a company sells widgets. As more widget are sold the company must offer discounts on the product in order to sell more units. The table below includes the Total Revenue and Total Cost information needed to perform marginal revenue and marginal cost calculations that will be explained below.…

    • 746 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Egt1, Task1
    • 432 Words
    • 2 Pages

    Egt1, Task1

    2. The second method is the marginal revenue to marginal cost approach. MR=MC This method uses the point at which both marginal revenue and marginal cost are equal to each other to determine at what point the quantity produced maximizes total economic profit. In exhibit 1, the point at which marginal revenue and marginal cost are equal is at the production of 8 units…

    • 432 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Independent Project Proposal
    • 386 Words
    • 2 Pages

    Independent Project Proposal

    Use a graduated cylinder for the measurements of milk of about 100 mL. Pour all of the liquids into their corresponding labeled beakers. Put all 3 beakers on a hot plate and let them excel to 55 degrees celsius, check with a thermometer.…

    • 386 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Trinidad and Tobago and Monthly Production Target
    • 434 Words
    • 2 Pages

    Trinidad and Tobago and Monthly Production Target

    The Production Manager of Mom’s Cookies had a monthly production target of 100,000 bags of cookies. His target for quality inspectors is to have the reject rate less than 2% of production. Both these targets were met for August. Labour costs are up 5% because overtime had to be incurred to complete some ordersb,Both goals were met but unfortunetly labour costs went up.…

    • 434 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Cost Control Problem Set
    • 689 Words
    • 3 Pages

    Cost Control Problem Set

    Menu item |Number sold |Standard/budgeted portion cost | |A |580 |$4.45 | |B |285 |$6.20 | |C |600 |$4.15 | |D |200 |$6.00 | |E |475 |$5.95 | |F |320 |$7.05 | |G |545 |$6.10 | |H |200 |$6.95 | |Totals |3,205 | | | | | | |Solve all problems for 2 decimal places (x.xx) | | | |Food sales |$57,680.30 | | | | | | |1. Food cost $ based on standard cost figures |$17834.75 |(1 pt) | | | | | |2. Food cost % based on standard cost figures |30.92% |(1 pt) | | | | | |3. Contribution margin $ |$39845.55 |(1 pt) | | | | | |Actual inventory figures | | | |Opening inventory |$6,415.60 | | |Purchases |$19,950.30 | | |Ending inventory |$6,852.65 | | | | | | |4. Cost of goods sold $ |$19513.25 |(1 pt) | | | | | | | | | |5. Food cost % based on actual cost figures |33.83% |(1 pt) | | | | | | | | | |6. Difference between standard and actual cost in $ |+1678.5 |(1 pt) + or | | | | | |7. Difference between standard and actual cost % |+2.91% |(1 pt) + or | |…

    • 689 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Quain Case Analysis
    • 1013 Words
    • 6 Pages

    Quain Case Analysis

    The objective of this analysis is to determine what blend of the four chemicals will allow Quain to minimize the cost of a 50-lb bag of the fertilizer. To do this we have used Linear Programming (LP) – a technique specifically designed to help managers make decisions relative to the allocation of resources. In this case, C-30 = , C-92 = , D-21 = , and E-11 = . The constraints for this case were translated into linear equations (i.e. inequalities) to mathematically express their meaning. The first constraint that C-11 must constitute for at least 15% of the blend can be expressed as: . The second constraint that C-92 and C-30 must together constitute at least 45% of the blend can be expressed as: . The third constraint that D-21 and C-92 can together constitute no more than 30% of the blend can be expressed as: . Lastly, the fourth constraint is that Quain-Grow is packaged and sold in 50-lb bags can be expressed as: . These equations were obtained and entered into a POM LP as a minimizing function. The objective function of this case was calculated and expressed as . The following table is the input…

    • 1013 Words
    • 6 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Fat Ground Beef
    • 328 Words
    • 2 Pages

    Fat Ground Beef

    In the experiment there will be three trials with equally shaped patties of all the meat and boil them at the same temperature, time and amount of water. After placing the remaining fat from the pot in the refrigerator, and allow it to cool, then scoop the coagulated fat and weigh it. The independent variables in this experiment are the different types of ground beef; Regular, Lean, and Extra Lean. The dependent variables in the experiment are the 400ml of water in each boiling pot, three hours stored in the refrigerator to allow the fat to cool, 70g of Regular Ground Beef, 70g of Lean Ground Beef, 70g of Extra Lean Ground Beef, and the six minutes of cooking…

    • 328 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Pantaloon Marketing Strategy
    • 1843 Words
    • 8 Pages

    Pantaloon Marketing Strategy

    Digvijay A Ade Kapil Thuk kral Priyajeet S Singh R Abhinav v Ravi Shank kar Sandeep K Kumar PGP26012 2 PGP26021 1 PGP26032 2 PGP26033 3 PGP26041 1 PGP26049 9…

    • 1843 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Best Essays

    India - Macroeconomic Indicators (2006-07 to Present)
    • 5012 Words
    • 21 Pages

    India - Macroeconomic Indicators (2006-07 to Present)

    Project Team PGP/15/13 Devanand Prasad PGP/15/36 Priyanka ruttala PGP/15/49 Shashikant Bapatla PGP/15/55 Sri K Srinivas PGP/15/61 Vijeta Shrivastava FPM/05/05 Janardan K Yadav FPM/05/04 Chacko Jacob…

    • 5012 Words
    • 21 Pages
    Best Essays
    Read More

Related Topics