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Submit an EXCEL file using multiple tabs with your responses for the two problems provided below. Clearly label your responses to each part of each question.
PROBLEM DESCRIPTION:
Howie Jones owns and operates Blue Ridge Hot Tubs, a company that sells two models of hot tubs: the Aqua-Spa and the Hydro-Lux. Howie purchases prefabricated fiberglass hot tub shells and installs a common water pump and the appropriate amount of tubing into each hot tub. Every Aqua-Spa requires 9 hours of labor and 12 feet of tubing; every Hydro-Lux requires 6 hours of labor and 16 feet of tubing. Demand for these products is such that each Aqua-Spa produced can be sold to generate a profit of $350, and each Hydro-Lux produced can be sold to generate a profit of $300. The company expects to have 200 pumps, 1,566 hours of labor, and 2,880 feet of tubing available during the next production cycle. Determine the optimal number of Aqua-Spas and Hydro-Luxes to produce to maximize profits.
What are the objective function, decision variables, and constraints for this optimization problem? Provide your response within an inserted text box.
Develop an Excel spreadsheet and use Excel Solver to find an optimal solution for this problem. Provide a screenshot (or Snipping Tool capture) of the Solver Dialog Box.
Describe the optimal solution in words. Provide your response within an inserted text box.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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