How many of model should you order to maximize your profit

Assignment Help Operation Management
Reference no: EM13900441

You are the assistant manager of an appliance store. Next month you will order two types of stereo system. How many of each model should you order to maximize your profit?

Model X: Your cost is $500, profit is $40, and the distributor can provide at most 180 units.

Model Y: Your cost is $200, profit is $60, and the distributor can provide at most 70 units.

You expect a profit of at least $4800

You expect to sell at least 100 units.

1- On excel do the sensitivity report

2- Provide the range of value for the decision variable coeffient

 

3- Identify constraints that have slack, and the range of the slack

Reference no: EM13900441

Questions Cloud

Disadvantages of hiring an internal and external candidate : Describe the advantages and disadvantages of hiring an internal and external candidate.
Transportation and transshipment models : List 3 similarities between transportation and transshipment models. List 3 similarities between transportation and assignment models. List 3 similarities between transshipment and assignment models
What stock exchange trades the common stock : What stock exchange trades the common stock? What is the exchange abbreviation for the common stock? What is the annual dividend per share?
What types of things will motivate you in your career : What types of things will motivate you in your career? When reviewing a list of benefits, which ones are offered that might motivate you to stay with the organization?
How many of model should you order to maximize your profit : You are the assistant manager of an appliance store. Next month you will order two types of stereo system. How many of each model should you order to maximize your profit?
Draw short run firm and industry competitive equilibrium : Draw short run firm and industry competitive equilibrium for a perfectly competitive gator-farming industry before the number of alligator farms in Florida doubled. For simplicity, assume the gator farm is earning zero economic profit.
What is the purpose of the statement of stockholders equity : What is the purpose of the statement of stockholders' equity? What is other comprehensive income, and how is it disclosed?
Based on the three arguments raised by cato : Cato and Isabella are friends and they meet for drinks at a bar one night. Cato, while intoxicated, offers to sell Isabella his Porche worth $40,000 for only $20,000. Delivery will be in 2 weeks. Isabella accepts, and they write the terms down on a n..
What are the tangible and intangible benefits : What are the tangible and intangible benefits that Walgreens receives by being a leader in hiring employees with disabilities?

Reviews

Write a Review

 

Operation Management Questions & Answers

  What is the percent increase for revenues

What is the percent increase for revenues which have grown from $150 (million) last year to $200 (million) this year. Show all steps.

  Estimate optimal production run quantity

The Ambrosia Bakery makes cakes for freezing and subsequent sale. The bakery, which operates five days a week, 52 weeks a year, can produce cakes at the rate of 116 cakes per day.

  Illustrate what normal probability distribution recommend

Illustrate what normal probability distribution with recommended order quantity. Fitness Shop is considering ordering a special model exercise machine.

  What is importance of planning to practice of management

Using examples from your experience, what is the importance of planning to the practice of management?

  Topic of joint versus separate preference reversal

Conduct an Internet and literature search on the topic of joint versus separate preference reversal. Discuss your findings, In your discussion compare and contrast joint and separate preference reversal. Please include references and sources.

  Contrast the likelihood of no-shows

The rooms forecast committee is scheduled to meet later this afternoon. You have been asked to prepare remarks on group no-shows. Contrast the likelihood of no-shows for (a) business groups, (b) tour groups, and (c) convention groups

  Use rspe or excel to develop a spreadsheet model

Rather than inspect every item in a large lot companies generally inspect a random sample and on the basis of the results of the sample decide to accept or reject the lot. Instead of using a single sample a method called double sampling is som..

  Assignment on supply chain design- learning team reflection

Assignment on Supply Chain Design- Learning Team Reflection, What is the chase strategy, Identify 2-3 companies that might use the chase strategy

  Efficiency and management of the whole company

The percentage change calculation shows that Brinker International did witness a boom in the profitability in 2011 compared with 2010, while the pressure from inventory should also be eliminated in the future

  Create a work breakdown structure

Remember that the WBS starts with your major deliverables (that you stated in your scope management plan) at the highest level. The lower levels have the work package required to complete those deliverables.

  Borders prices the book to its customers

A publisher sells books to Borders at $12 each. Borders prices the book to its customers at $24 and expects demand over the next two months to be normally distributed

  Most inventory control models

What are the key questions to be answered by most inventory control models?

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