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Costal Cup Company wants to determine how many cases of large and small cups should be produced per day in order to maximize profit given the labor and material constraints. The unit profit value for large cups is $30 per case, for small cups the unit profit value is $25 per case. There are 120 hours of labor and 2000 units of resin material available per day. Each case of large cups requires .75 hours of labor and 15 units of resin material to produce, each case of small cups requires 1 hour of labor and 12 units of resin material to produce.
Formulate a linear programming model for this problem to determine how many bowls and how many mugs should be produced in order to maximize the total profit.
Solve this problem by using the graphing method OR by using Excel Solver.
What is the optimal solution?
Which constraints are binding?
Describe the following acts and agencies and what they regulate or protect: The FDA, FTC, unfair and deceptive practices, EPA, Clean Air Act, and Endangered Species Act.
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Suppose the production manager is asked to reduce the safety stock of this item by 55 percent. If she does so, what will the new service probability be?
Viktor Frankl (1905-1997), a survivor of Auschwitz, wrote: “If we present man with a concept of man which is not true, we may well corrupt him. When we present him as an automation of reflexes, as a mind machine, as a bundle of instincts, as a pawn o..
Describe the evolution of the virtual organization. What are the pros and cons associated with this design
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What financial impact would they have. What steps have been taken (or should be taken) to identify the risks. Eliminate or decrease uncertainty. Mitigate risk. The Business Planning article on Mitigating Risk should be especially helpful.
Complete the external environmental scan for your organization. (The company I want to use is either Apple or Starbuck). Perform an internal competitive environmental scan for your organization.
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