Makes plastic tricycle-composed of three major components

Assignment Help Operation Management
Reference no: EM13905546

Tots Toys makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 12,000 of these tricycles. Current schedules yield the following information.

Requirements Component Plastic Time Space Cost to Manufacture Cost to Produce Front 3 10 2 $8 $12 Seat/Frame 4 6 2 6 9 Rear Wheel (each) 0.5 2 0.1 1 3 Available 50,000 160,000 30,000 The company obviously does not have the resources available to manufacture everything needed for the completion of 12000 tricycles so has gathered purchase information for each component. Develop a linear programming model to tell the company how many of each component should be manufactured and how many should be purchased in order to provide 12000 fully completed tricycles at the minimum cost.

Reference no: EM13905546

Questions Cloud

Determine the composition and temperature of product mixture : Ethylene (C2H4) at 25C burns with 50% excess air, also at 25C to produce a mixture of CO2, CO, O2, N2, H2O. The combustion chamber is WELL INSULATED. Determine the composition and temperature of the product mixture.
Calculate the total fine for an overdue hire : Display total number of vehicles, total amount of fees to be paid for a particular hire; List all overdue vehicles and the customer contact information; Calculate the total fine for an overdue hire; Find the most popular vehicle for hire so far
How does the time period of the investment affect the return : How does the time period of the investment affect the returns from these alternatives? How do these alternative investments differ in terms of their nontax characteristics?
Planned to finance the expansion through sale of securities : Texas Gold had planned to finance the expansion through a sale of securities, but market conditions were unfavorable for such a sale. A management meeting comprised of the president and vice presidents for accounting, finance and marketing was called..
Makes plastic tricycle-composed of three major components : Tots Toys makes a plastic tricycle that is composed of three major components: a handlebar-front wheel-pedal assembly, a seat and frame unit, and rear wheels. The company has orders for 12,000 of these tricycles. Current schedules yield the following..
Which investment likely earned a greater after-tax return : Cameron sells stock in Corporation X after three years and he sells the stock in Corporation Y after five years. Which investment likely earned a greater after-tax return? Why?
About the british invasion : A seminal contribution to the popular music industry of the nineteen-sixties came to be known as the “British Invasion”. This invasion can further be characterized as consisting of two schools- each one relying on a specific American musical style fo..
What tax factor should clark consider before making decision : It is now December of the current year, and Clark is deciding whether or not he should sell the stock. What tax and nontax factors should Clark consider before making the decision on whether to sell the stock now?
What group are you most intolerant of or most critical : What group are you most intolerant of or most critical of? Why is that? Would you be able to do business with a person or people from this group? Would you trust a person or people from this group?

Reviews

Write a Review

Operation Management Questions & Answers

  Crime involves public social harm

As discussed in class, a crime involves public “social harm” which is conduct that, if proven, will incur the moral condemnation of the community.

  What types of retirement and estate planning activities

What types of retirement and estate planning activities might you start to consider at this point of your life? Do you need professional advice to begin or complete the process?

  Question about communication and leadership

Communication is an important consideration in organizations, and a number of different constructs fit within the communication viewpoint. What types of leader communication attitudes and activities contribute to productive behaviors by organizationa..

  How the lean philosophy might help improve the operation

MM is a market leader in the design, supply and support of power and propulsion systems in aerospace, marine, energy and nuclear industries. There are currently 100 apprentices undertaking their training across MM's many sites countrywide.

  Explain the main purpose of a quality management plan

Explain the main purpose of a quality management plan. What are two metrics - besides those provided in this chapter - that Kristin and her team could use on the Just-In-Time training project. Besides ensuring that classrooms are ready for trainin..

  What is its sustainable growth rate

Company 'x' has retention rate of 50%, sales $25000, beginning equity $50000, profit margins of 10%, asset turnover ratio of .75 and debt of $10000. what is its sustainable growth rate?

  How can you correlate the bell curve to our performance

How can you correlate the bell curve to our performance as employee's and or leaders? We want to always perform at the far right end of the curve but statistically that's not possible.

  Largest manufacturer of commercial and military aircraft

Boeing is the world's leading aerospace corporation and largest manufacturer of commercial and military aircraft. At what types of business markets are Boeing's products targeted? How does Boeing address some of the concerns of business customers? Wh..

  Marketing manager identify target market opportunities

Explain how positioning analysis can help a marketing manager identify target market opportunities. What, if any, shortcomings do you see in this approach?

  Best way for a stakeholder to gain legitimacy

Which of the following is the best way for a stakeholder to gain legitimacy? Perhaps the strongest argument against high levels of compensation for CEOs is. Which stakeholder provides the goods and services necessary for an organization to function e..

  Using formal authority-expertise-rewards and coercion

Think of a leader that you know. Give examples of how this person influences others using formal authority, expertise, rewards, coercion, and charisma. How do you think people generally respond to these different influence tactics? Explain.

  Grid systems-sceptres seven squares in front of center axis

On the grid systems, gods would hold their sceptres seven squares in front of their center axis, and goddesses would hold their papyrus scepters only six squares in front. What was the reason for this?

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