Two types of skilled labor-carpentry and finishing

Assignment Help Operation Management
Reference no: EM131226358

Giapetto’s Woodcarving, Inc. manufactures two types of toys: soldiers and trains. Each soldier sold generate $3 in profit while each train generates $2 in profit. The manufacture of wooden soldiers and trains requires two types of skilled labor: carpentry and finishing. A soldier requires 2 hours of finishing labor and 1 hour of carpentry labor. A train requires 1 hour of finishing labor and 1 hour of carpentry. Each week, Giapetto can obtain all the needed raw materials but only 100 finishing hours and 80 carpentry hours. Demand for trains is unlimited, but at most 40 soldiers are bought each week. Help Giapetto to maximize his profit. a) Solve the linear program using the simplex method b) Solve the linear program using Solver or LINDO.

Reference no: EM131226358

Questions Cloud

What is likely to be best routinely available data source : What is likely to be the best routinely available data source for each of the following kinds of studies?
Determine the five annual payments : Anderson Manufacturing? Co., a small fabricator of? plastics, needs to purchase an extrusion molding machine for $120,000. Kersey will borrow money from a bank at an interest rate of 14% over five years. Anderson expects its product sales to be slow ..
Comparative differences in a competitive analysis : Business models describe four components of how an organization is organized. They can show comparative differences in a competitive analysis. What is the relationship of strategy and business models?
Traditional project management-agile project management : As we have seen this week, project scope creation is very different in traditional project management versus Agile project management. What advantages and disadvantages can you see with the process of scope creation in the traditional project managem..
Two types of skilled labor-carpentry and finishing : Giapetto’s Woodcarving, Inc. manufactures two types of toys: soldiers and trains. Each soldier sold generate $3 in profit while each train generates $2 in profit. The manufacture of wooden soldiers and trains requires two types of skilled labor: carp..
Prepare an income statement through gross profit : Compute cost of goods manufactured. Prepare an income statement through gross profit. Show the presentation of the ending inventories on the December 31, 2017, balance sheet.
Summarize the given paragraphs : Write the given assignment. - Paraphrase the following sentences downwards. - Summarize the given paragraphs in one or two sentences.
Discuss what competitive information do you think : For this week's discussion, pick an organization you are familiar with and discuss what competitive information do you think that organization should keep in mind when planning to grow and how would you go about setting product strategy for them?
What are the projected availabilities of machine : Machine A has a projected average operating time of 150 hours and a projected average repair time of 5 hours. Projected times for machine B are an average operating time of 58 hours and a repair time of 6 hours. What are the projected availabiliti..

Reviews

Write a Review

Operation Management Questions & Answers

  Find the optimal solution using pom

Formulate an LP that can be used to minimise the monthly costs of meeting demand. Find the optimal solution using POM/QM and state the outcomes.

  Explain why it is both a business pressure and an enabler

Explain why IT is both a business pressure and an enabler of response activities that counter business pressures?

  Discuss one supply chain trend such as micro segmentation

Discuss one supply chain trend such as micro segmentation or using social media to facilitate conversations. Provide at least one additional resource (article, book, video, etc.) that explores this trend.

  Advise LC on the effective implementation

You are a consultant who has been employed to advise LC on the effective implementation of these strategic changes - Business Process Models and Strategy Analysis

  Create demand and profits in certain markets

Global warming is a topic that has been on the news. In your own words, do you believe that there really is an environmental crisis or do you believe that there is "hype" to create demand and profits in certain markets?

  Define the linear relaxation problem

If the objective is maximization, the optimum solution of the integer programming problem may give higher objective function value than the optimum solution of the linear relaxation problem.

  Does the software improve efficiency of business functions

You established a small shop that manufactures a single product that you sell by mail. You purchase raw materials from several vendors and employ five full-time employees. Describe the business functions that your shop would use software to perform? ..

  Information technology outsourcing business

What recommendation would you give to the Brazilian government and its outsourcing industry in order to improve their prospects for success in building a strng international competitive position in the information technology outsourcing business?

  Examples of strategic decisions include

Examples of strategic decisions include:

  Employed by entrepreneurs when starting business

A sole proprietorship, a corporation (Subchapter S and Subchapter C) and an LLC are three common entities that are employed by entrepreneurs when starting a business. Feel free to suggest an alternate business entity if you so desire, but be specific..

  What tye of backup is supported by windows server

What tye of backup is supported by windows server 2008? a)automatic b)dynamic

  Behavior of final consumers and organizational buyers

Compare and contrast the buying behavior of final consumers and organizational buyers. In what ways are they most similar and in what ways are they most different?

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