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A firm produces tractors and lawn mowers and make a profit of $30 on each tractors and $30 on each lawn mower. And they sell all they can produce. The time requirement in the machine shop, fabrication, and tractor assembly as well as the maximum time available for each process are given below. Machine Shop Fabrication Assembly Tractor 2 hours 2 hours 1 hour Lawn Mower 1 hour 3 hours 0 hour Hrs. Available 60 hours 120 hours 45 hours a) Formulate a linear program to maximize the profit. Clearly define your decision variables, constraints and objective function b) Solve the formulated linear graphically and find the optimal solution and the profit company will make c) Determine manually the sensitivity range for the profit per tractors. Show your manual calculations d) By inspecting your graph, determine the shadow price for assembly, Explain the rationale to your answer e) Calculate manually the maximum amount a manager should be willing to pay for one additional hour of machine time. Show your calculations f) Determine manually and by inspecting your graph the sensitivity range assembly? Explain rationale your answer
Power is an aspect of a relationship between two or more persons. What implications does this fact have for organizational members who wish to increase their power? Decrease the power of others?
Read Closing Case Study Two (The Business of Social Media and Making the ROI) on page 60 (Chapter 2) and answer the following questions: Let’s suppose your current annual sales are $1 million. You implement social media strategy and begin generating ..
Texas Instruments, one of the first producers of handheld calculators, put a great deal of effort into expanding production of calculators to drive down the cost and thus, expand the market. This is most indicative of the _____ concept.
An American, a Russian and a Chinese applied for a position of a waitress in a Chinese restaurant in Houston. Although the American and Russian applicants had more years of work experience as waitresses and slightly better recommendations than the Ch..
Billy is camping in the Beartooth Wilderness and starts a fire to keep himself warm. Unfortunately, he fails to put it out completely and, when he wakes up in the middle of the night, the fire has spread to some dry brush nearby. He cannot put it out..
Choose a business policy (e.g., No Smoking Policy) to analyze preferably a policy where you work or have worked in the past. 1. Analyze and evaluate the policy.
Discuss which kind of people tend to be more innovative in a given field: those who are knowledgeable or those who are inexperienced in the field. Provide an example of why you believe this to be true.
In the country of Normian Republic, an individual's right to own land is restricted to a large extent on the basis that it runs counter to "the common good." In this context, which of the following is most likely to be the political system adopted by..
If the machine can be rented for $10 per hour more than the old machine, should the company rent the machine? Consider lost productivity time of employees as time spent waiting in queue only because the copying machine is a self serve device.
Question 1: What is "enthalpy"? Question 2: What does a positive value of enthalpy mean? What does a negative value of enthalpy mean?
In a waiting line situation, arrivals occur around the clock at a rate of six per day, and the service occurs at one every three hours. Assume the Poisson and exponential distributions. Find probability of no units in the system. Find average number ..
An airport is planning on building a new runway, identify three significant sustainability impacts that this would cause
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