ABC Company manufactures beds and cabinets. Both are processed through assembly and finishing departments. The Assembly department is available for 60 hours in every production period, while the finishing department is available for 48 hours of work. Manufacturing one bed required 4 hours in the assembly and 2 hours in the finishing. Each cabinet requires 2 hours in the assembly and 4 hours in the finishing. One Bed contributes $80 to profit, while a Cabinet contributes $60. USE SIMPLEX LINEAR PROGRAMMING METHOD IN DETERMINING THE NUMBER OF BEDS AND CABINETS TO BE PRODUCED EACH PRODUCTION
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ABC Company manufactures beds and cabinets. Both are processed through assembly and finishing departments. The Assembly department is available for 60 hours in every production period, while the finishing department is available for 48 hours of work. Manufacturing one bed required 4 hours in the assembly and 2 hours in the finishing. Each cabinet requires 2 hours in the assembly and 4 hours in the finishing. One Bed contributes $80 to profit, while a Cabinet contributes $60.
USE SIMPLEX LINEAR PROGRAMMING METHOD IN DETERMINING THE NUMBER OF BEDS AND CABINETS TO BE PRODUCED EACH PRODUCTION PERIOD TO MAXIMIZE PROFIT. SHOW STEP BY STEP PROCESS/SOLUTION.
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- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.Jays Office Supplies sells Printers, which it orders from Brands mart Inc in . Because of shipping and handling costs, each order must be for 5 printers. Because of the time it takes to receive an order, the company places an order every time the present stock drops to 5 Printers. It costs $50 to place an order. It costs the company $500 in lost sales when a customer asks for a Printer and the warehouse is out of stock. It costs $100 to keep each Printer stored in the warehouse. If a customer cannot purchase a Printer when it is requested, the customer will not wait until one comes in but will go to a competitor. The following probability distribution for demand for Printer has been determined: Questions 1.Simulate CWD 's ordering and sales policy for 20 weeks 2. Compute the average cost of the policy PLEASE NOTE I SENT THIS IN ALREADY BUT I REALIZED I LEFT OUT SOME VITAL INFORMATION AND AGAIN THIS IS NOT FROM ANOTHER SITE.A manufacturing cell makes three models of a product – AKC1011, BC0001, and AC0102. The daily demand for the three products are as follows: 200 of AKC1011, 500 BC0001, and 300 of AC0102. Develop a balanced mixed-model sequence that should be repeated throughout the day in order to meet demand.
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- A well-known coffee shop sells about 300 gallons of its most popular product each week. The estimated cost to store and maintain one gallon of product is $0.50 per week. Each time the coffee shop places an order from its supplier, the following costs are incurred, independent of the size of the order: a $200 delivery fee, $30 unloading and storage, and a $70 transaction fee. Once an order is placed, it arrives exactly 3 work days later. The coffee shop, supplier, and delivery service all operate 7 days per week. a.) What is the optimal (s,Q) policy? b.) What would the (s,Q) policy be if orders were only placed on Fridays with the objective being to cover the demand with no shortages?The Petoskey Potato Chip Company produces 3 varieties of gourmet potato chip. The varieties and average daily demand are given below: Bar-B-Que: 325 cases/day Sour Cream & Onion: 215 cases/day Classic Cut: 360 ases/day The company runs 24 hours/day and can produce 1,300 cases of potato chips per day. Each case of potato chip costs $20 to produce and Petoskey assumes 18% of this cost as the annual holding cost. It takes Petoskey 5 hours to setup for production of a different variety at a cost of $715. Calculate the minimum cost cycle time in days. Answer: 25.2 How is this calculated?Kofi Abebrese runs a small industrial company that specialize in the production of high standard windows for housing estates. A worker is paid GH¢0.9 per hour and can produce two window with an hour. Each window uses a frame costing GH¢1 and incur a variable overheads of GH¢0.7. Each window sells for GH¢3. Currently, due to the economic condition, work is rather slack and three employees are occupied in carrying out extensive repairs to Kofi Abebrese's own house. Kofi owns a warehouse next to the factory, which had been used as a factory store, in the past. It is now let out on a renewable annual lease of GH¢600. A new building company, Allied Consult, which specializes in the production of prefabricated houses has asked Kofi if he would be interested in accepting a contract for GH¢30,000 which will be for a year initially, to produced molded internal building sections. Kofi estimates that, the contract will take 13,200 hours of works, or the work of five men for a year, and that…