Determine the optimal mix of the three styles to be produced

Assignment Help Operation Management
Reference no: EM132234778

Cancita’s International produces three styles of muumuus (Lanai, Maui, and Plumeria) for the Hawaiian tourist market. Each Lanai style muumuu requires 2 minutes machine time, 30 minutes labor, and costs $7. Maui style requires 2.5 minutes machine time, 40 minutes labor, and costs $10 to produce. Finally, Plumeria style, the top of the line, requires 3 minutes machine time, 1 hour labor, and costs $13 to produce.

Each Lanai muumuu sells for $12, Maui for $14, and Plumeria for $20.

The company works on a weekly schedule of five days, with two shifts of 7.5 hours per day. It has four machines available for production and 50 employees on each shift.   Its declared objective is profit maximization.

Write the linear programming model for this problem to determine the optimal mix of the three styles to be produced.

Reference no: EM132234778

Questions Cloud

What is bad mama jama wacc : If the market risk premium is 7 percent, the risk free rate is 3 percent, and the appropriate tax rate is 15 percent, what is Bad Mama Jama's WACC?
Write response on web 2.0 : Web 2.0 is a progression moving the Web to change it into a participatory stage, in which people incapacitate content by systems for downloading and furthermore
What is the duration of a three-year treasury bond : What is the duration of a three-year Treasury bond with a 5.5 percent coupon selling at par?
What is the best estimate of table top cost of equity : The risk free rate is estimated at 2.3% and the market risk premium is 7.3%. What is the best estimate of Table Top's cost of equity?
Determine the optimal mix of the three styles to be produced : Write the linear programming model for this problem to determine the optimal mix of the three styles to be produced.
What is the asked yield of the t-bill : A T-bill quote sheet has 90-day T-bill quotes with 2.358 bid and a 2.348 ask. If the bill has a $10,000 face value, what is the asked yield of the T-bill?
Considering newspaper advertising and radio advertising : Riverside Diner is trying to decide how to allocate a monthly advertising budget of $1800. They are considering newspaper advertising and radio advertising.
Executive desks and secretary desks at two plants : Madisen Furniture of Overland Park, Kansas produces two types of desks: executive desks and secretary desks at two plants.
Aspect of computer networking and telecommunications : A 1,500 word (minimum) research paper dealing with some aspect of computer networking and telecommunications. The paper should reflect your learning.

Reviews

Write a Review

 

Operation Management Questions & Answers

  Belief which helps solves difficult social problems create

Belief which helps solves difficult social problems create a desirable community also attract also keep skilled employees is known as which argument.

  A strategy for overcoming the challenge

A strategy for overcoming the challenge based on outside research, the textbook, and concepts discussed during your degree studies. Writing the Final Paper

  In the value-chain model

In the Value-Chain model, certain activities must be completed in order to produce and deliver each unit of the product – or service – to the customer.

  Why a no-fault attendance policy is good policy

A no-fault attendance policy is supposed to recognize the problem absenteeism causes in the workplace, regardless of the reason. Do you think the no-fault policy in this case does that? Can you suggest reasons why a no-fault attendance policy is a go..

  Compare and contrast strict liability and product liability

Briefly compare and contrast Strict Liability and Product Liability. Discuss the impact of legal and regulatory issues on the virtual organization (JollyChic).

  A fixed interval system

A fixed interval system

  What is earned value-the technique not the value

Let’s start out by asking just what is Earned Value (the technique not the value)?

  What is the indigenous training and employment program

What is the Indigenous Training and Employment program? What are the key elements that Eurest introduced into the various applications of the program?

  Long term impact of raising the minimum wage

What do you think the long term impact of raising the Minimum Wage in NYS (Long Island Region) to $11.00 per hour might be?

  Antivirus systems playing in promoting security

What role do you see firewalls, intrusion detection systems, and antivirus systems playing in promoting security?

  Different customer age group segments

Lack of new Characters, new Entertainment solutions like movies, cartoons, toys, serials, as per today’s different customer age group segments.

  Develop an aggregate production plan

Develop an aggregate production plan for each of the following guidelines and compute the total cost for each plan. Note: backlogs are not allowed.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd