Calculate maximize total profit next quarter, Basic Statistics

Please show your work to receive credit for this question..

Harkin Electronics is planning its production next quarter for its two product lines, relays and capacitors.  The profit contribution is $250 for a case of relays and $200 for a case of capacitors.  Three resources limit how much of each product the company can produce:  labor, stamping capacity, and testing capacity.  Next quarter 80,000 labor hours will be available; a case of relays requires 200 labor hours and a case of capacitors requires 150.  The stamping machine will be available for 1,200 hours next quarter and a case of relays requires 4 hours on the stamping machine and a case of capacitors requires 2 hours.  Relays require 3 hours of testing per case and capacitors require 5.  The testing machine will be available for 2,000 hours next quarter.

  Answer the following questions:

  • For which resources, would you consider providing additional units?  Why?
  • If you excluded a resource, why did you exclude it?
  • For those resources for which you would add additional units, what is the range on the right-hand side values for the shadow prices to remain valid?

b) Now suppose that there is a requirement that Harkins must produce at least 40% cases of relays.  Resolve below with this additional information.

1)  To maximize total profit next quarter, how many cases of relays and capacitors should Harkin Electronics produce during that period?  If your answer is in fractional units of cases that is acceptable - do not round to whole number of cases.

2)  How much profit will result?

Posted Date: 4/6/2013 6:09:29 AM | Location : United States







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

Write discussion on Calculate maximize total profit next quarter
Your posts are moderated
Related Questions
The methods and records established to recognize, set up, evaluate, move, record, and report the state’s purchases and to maintain responsibility for its obligations and resources

question.. A prevent of huge m1 and bodyweight w1 = m1g goes on a stage frictionless exterior. It is attached by a gentle versatile string moving past over a little frictionless l

Definition of capitalization is termed or shown as a process of recording & classifying the expenditure on assets in a balance sheet. Can you explain me this term more.

Cash flow analysis In financial sales, an income report, also known as report of money runs or funds circulation report is a financial report that shows how changes in stability

find a distribution with 10 values between 0 and 10 that has as large a variance as possible

a ball is projected so as to attain a maximum range. Find the maximum height attained if initial velocity is u


If today is a weekday and it’s not a holiday, then you go to work. However, if it’s a weekday and a holiday, then what you do depends on the weather: If it’s raining, you play vide

What are the important principles that have to be observed in the maintenance of discipline

Nuclear force Is a short range force extending upto 10 fm. It is fifty-sixty times stronger than electromagnetic force. Nuclear force is independent of charge. Nuclear force betw