Explain what are the optimal solution values of x and y, Operation Management

Assignment Help:

Suppose the firm in this example considers a second product that has a unit profit of $5 and requires 2 hours for each unit produced. Assume total production capacity remains 40. Use y as the number of product 2 produced.

a.) Show the mathematical model when both products are considered simultaneously.

b.) Identify the controllable and uncontrollable inputs for this model.

c.) Draw the flowchart of the input-output process for this model (see Figure1.5)

d.) What are the optimal solution values of x and y?

e.) Is the model developed a deterministic or a stochastic model? Explain.


Related Discussions:- Explain what are the optimal solution values of x and y

Line balancing, what happens if line balance doesnt exist?

what happens if line balance doesnt exist?

Quality and reliability & after sales service, Quality and Reliability & Af...

Quality and Reliability & After Sales Service - Operation Strategy Quality and reliability  The extent to which the customers' expectations are satisfied or exceeded by

Explain company is using the economic order quantity, Part 1: A company is ...

Part 1: A company is using the Economic Order Quantity (EOQ) model to manage its inventories. Suppose its inventory holding cost per unit per year doubles while the annual demand a

Explain briefly the vrooms expectancy theory of motivation, Question 1: ...

Question 1: More and more organizations are showing greater reliance on team building and team work as opposed to individual work. Please discuss. i. Give characteristics o

Calculate the two missing amounts, A company is considering whether to repl...

A company is considering whether to replace a machine. The old machine costs $90,000 and is being depreciated at 10% per annum using the straight line method. It is written down va

Define what is the probability that the laptop will perform, An undergradua...

An undergraduate business student has purchased a laptop computer for use during exams. This laptop is perfectly reliable except for two parts: its microchip, which has a failure r

During the analysis of a process that was evaluated, What are some of the p...

What are some of the possible explanations for not finding any assignable causes

Explain terms labor, The Stone Company produces three sizes of window fans:...

The Stone Company produces three sizes of window fans: small, medium, and large. The manager has formulated an LP model for fan production: maximize 6 x1 + 8 x2 + 5 x3 (profit) sub

Optimal capacity determination, Optimal Capacity Determination For a g...

Optimal Capacity Determination For a given capacity of a plant the average unit cost of production of a product decreases as the output rate( say in number of units produced p

Write Your Message!

Captcha
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