maximize profit, Financial Accounting

Natural Furniture Company manufactures three outdoor products, benches, chairs, and tables. Every product must pass by the following departments before it is shipped: sanding, sawing, assembly, and painting. The time requirements (in hours) are concise in the tables below.
The production time available in every department every week and the minimum weekly production must to fulfill contracts are as follows:





The production manager has the responsibility of specifying production levels for each product for the coming week.

A. Formulate as a problem to maximize profit.

B. The objective function is:

C. What mix of products would yield maximum profit?

D. Summarize your approach to this problem in a 1-2 page paper. What techniques from the course/text did you apply to solve Natural Furniture Company's production output? Explain why you chose that approach.




Posted Date: 3/16/2013 1:55:02 AM | Location : United States

Related Discussions:- maximize profit, Assignment Help, Ask Question on maximize profit, Get Answer, Expert's Help, maximize profit Discussions

Write discussion on maximize profit
Your posts are moderated
Related Questions
Question: Mada Air Ltd is thinking of diversifying its activities in order to cope with the financial crisis. After careful evaluation its research and development team has pro

You just purchased a bond that matures in 12 years. The bond has a face value of $1,000 and has an 7% yearly coupon. The bond has a present yield of 5.74%. What is the bond's yield

Need: a.    Prepare an Income Statement by with appropriation account for the financial year ended 31.12.2010                            b.    Prepare the partners' present a

Q. Responding to various stakeholder groups? If a company has a solitary objective in terms of maximising profitability then it is only responding to one stakeholder group name

SF is a division of, an internet retailer. SF operates two large server farms, each of which is a set of interconnected computers and hard drives that are used to process

Company X is presumably doing well. The corporation's balance sheet last September 31 can be summarized as follows: Total Assets

Q. Explain Statement of Financial Condition? Statement of Financial Condition -Elementary FINANCIAL STATEMENT, generally accompanied by appropriate DISCLOSURES which describe t

Personal representatives powers Personal representation shall have the following powers: 1) To enforce for the deceased's estate by suit or otherwise all causes of action that