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Woodco manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 180 board feet of oak and 280 board feet of pine are available. A table requiere either 18 board feet of oak of 30 board feet of pine; and a chair requires either 6 board feet of oak or 14 board feet of pine. Each table can be sold for $45 and each chair for $18. Since most customers buy tables and chairs at the same time( but not necessarily made from the same wood). Woodco has decided that the ratio of chairs to tables should be at least 2 and at most 8. How many tables and chairs of each type should woodco manufacture to maximize revenues. Using mathematical symbols, formulate this problem as a linear programming model.
a) Define the decision variables b) specify the objective function c) Write the constraints (using inequalities) including the non negativity statement.
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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