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The Flair Furniture Company produces inexpensive tables and chairs. The production process for each is similar in that both require a certain number of labour hours in the carpentry department, and a certain number of labour hours in the painting department. Each table takes 4 hours of carpentry work and 2 hours of painting work. Each chair requires 3 hours in carpentry time and 1 hour in painting. During the current production period, 240 hours of carpentry time and 100 hours of painting time are available. The marketing personnel are confident that they can sell all the tables that are made. However, due to an existing inventory of chairs, they want Flair to make no more than 60 new chairs. Each table sold results in a profit contribution of $7, and each chair sold yields a profit contribution of $5. Flair Furniture is to determine the best possible combination of tables and chairs to manufacture in order to attain the maximum profit. The firm would like this product mix situation formulated as an LP problem.
a) Formulate using LP
b) Solve graphically
Betty Malloy, owner of the Eagle Tavern is preparing for Super Bowl Sunday, and she must determine how much beer to stock. Betty stocks three kinds of beer: Yodel, Shotz, and Rainwater. The cost per glass to the tavern owner of each beer is Yodel = $..
Research and discuss the differences and importance of : IPPS, OPPS, MPFS and DMEPOS. Which provider type is paid by which method? What are the payment expectations for each type? What is the potential implication of a case mix involving IPPS, OPP..
Do you think there are more benefits to society from a system that rewards ethical behavior or a system that punishes unethical behavior?
Illustrate what specific legal problems do you think Rosen might run into because of his firm's screening methods? Explain how would you suggest he eliminates these problems.
Build a Project Scoring Matrix, using some strategic goals that you feel are important to your company.
Privacy and security issues associated with e-commerce have implications for financial reporting and compliance with laws and regulations. Identify a retail company and describe how the company uses electronic commerce. Further, explain why electroni..
Describe the various shipping boxes available to the customer as listed above and then create a second table that lists the US Postal Service Hat Rate boxes and their shipping costs
Identify a Propitious Niche that a specific firm has in business today. Name the firm and its product or service that is the Propitious Niche. Explain why that Propitious Niche exists
Between the 2 which one if you were opening your own business do you think which you would use also why. Ellucidate what can you advice me for this question to gain some points.
Assign tasks to workstations on the basis of most following tasks. Use shortest processing time as a tiebreaker. If ties still exist, assume indifference in choice. Compute the percentage of idle time for the assignment in part d.
Remember that once you start linking tasks in the Gantt chart, changes might become more cumbersome.
Identify and give examples of the four (4) major categories of strategic alliances-product or service alliances, where one company licenses its product, two companies jointly market their complementary products or a new product. promotional alliances..
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