What is the optimal product mix

Assignment Help Operation Management
Reference no: EM131275749

-Hospital has 4 operating rooms -average contribution margin for general surgery is $2000 -average contribution margin for neurosurgery is $6000 -average work content for general surgery is 60 minutes -average work content for neurosurgery is 240 minutes

-Hospital has capacity/week for 100 general surgeries or 25 neurosurgeries -average demand for general surgeries is 80 and is 15 for neurosurgeries WHAT IS THE OPTIMAL PRODUCT MIX?

Reference no: EM131275749

Questions Cloud

What is the capacity of the orthopedists office in patients : Consider an orthopedist’s office. All arriving patients first check in at a reception area where they fill out the necessary paperwork. On average, it takes 10 minutes to complete check-in and there are four receptionists working at the office. What ..
Each item depending on the respective item type : The store gives a discount of 8% on the unit sale price if the item type is finished product, a discount of 6% on the unit sale price if the item type is semi-finished product, and a discount of 4% on the unit sale price if the item type is raw mater..
Focus of attention for revenue management : You have been assigned to manage booking levels for Delta Airlines. Flight from Seattle to Dallas has been the focus of attention for revenue management due to low utilization of the available seats. This flight is served by a Boeing 737 with a capac..
What is the optimal product mix : Hospital has capacity/week for 100 general surgeries or 25 neurosurgeries -average demand for general surgeries is 80 and is 15 for neurosurgeries WHAT IS THE OPTIMAL PRODUCT MIX?
Planning stages of implementing major downsizing initiative : Your company is in the planning stages of implementing a major downsizing initiative. Like most well-kept company secrets, word has started to spread throughout the company. You fear how this will impact both short-term and long-term productivity; Wh..
Quality management for organizational excellence : Quality Management for Organizational Excellence by David L. Goetsch and Stanley B. Davis, Page 263-264, Discussion Assignment 15.1 Reacting to a Process Gone Wrong: Cignet Plastics Corporation is a contract plastics die-casting house serving a wide ..
Milestone one-problem identification : For your course project work this week, consider what you have learned about diagnosing organizations and the diagnostic process. Use that knowledge to complete the first milestone of your course project. Milestone One: Problem Identification
What is the capacity of the orthopedists office in patients : Consider an orthopedist’s office. All arriving patients first check in at a reception area where they fill out the necessary paperwork. On average, it takes 10 minutes to complete check-in and there are four receptionists working at the office. Then ..

Reviews

Write a Review

Operation Management Questions & Answers

  Total cost of moving the current order

Trucking company A says it will only charge 70 cents per ton per mile per widget to load on to a truck that holds 57,000 pounds. (Remember, it takes a lot of labor to load each truck!). What is the total cost of moving the current order of 20,250 ..

  Six employees to quickly accomplish some complex task

When you need to cut through the red tape and get some thing done, who do you contact? If you were asked to form a team for four to six employees to quickly accomplish some complex task, which employees whould you recruit for your team, and why?

  Marketing strategies and even discontinue failed brands

Why is it difficult for a lot of companies to change marketing strategies and even discontinue failed brands before they lose a lot of money? Do some research about the decision biases that affect this phenomenon and provide a short report. Please re..

  Define value and define process

Define "value", define "process", and describe the relationship between the two. By value, think in terms of delivering value to customers in the form of products or services.

  The retailer identified new but potentially risky market

An on-line retailer that sells home and children’s items, such as children’s furniture, clothing, and toys, was seeking a way to reach a new audience and stop the declining sales and revenue trends it was suffering. A market research firm hired by th..

  Evaluates the impact that innovation and design

Evaluatesthe impact that innovation, design, and creativity have on the strategy of the two organizations

  Why do most entrepreneurs rely on personal savings

How have globalization and information technology created new opportunities for entrepreneurs? Describe current demographic trends that suggest new goods and services for entrepreneurial businesses.

  What are the firm''s vertical and geographical scopes

Where is the firm competing. What is the product. What are the firm's vertical and geographical scopes

  What might diminish productive organizational behaviors

Remember that in the systems model of organizations everything is connected and everything influences everything else. Every element in the model affects organizational (human) behavior. When viewed from such a systems perspective, what might dimi..

  Are current labor laws capable of dealing with labor-manage

Are current labor laws capable of dealing with labor-management problems, or should they be abolished? If abolished, what should their replacements address?

  Diamonds are forever-exploiting human insecurity

One popular advertisement for engagement rings sponsored by the De Beers Diamond company poses the following question to men planning proposal. "Is two months' salary too much to spend?" Is the prevalence of the belief of the “two months’ salary rule..

  When corporations make charitable contributions

When corporations make charitable contributions, the rules are different than those that govern individual donations. What kind of limits apply to corporations?

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