Determine the optimal mix of the three styles to be produced

Assignment Help Operation Management

Reference no: EM132234778

Cancita’s International produces three styles of muumuus (Lanai, Maui, and Plumeria) for the Hawaiian tourist market. Each Lanai style muumuu requires 2 minutes machine time, 30 minutes labor, and costs $7. Maui style requires 2.5 minutes machine time, 40 minutes labor, and costs $10 to produce. Finally, Plumeria style, the top of the line, requires 3 minutes machine time, 1 hour labor, and costs $13 to produce.

Each Lanai muumuu sells for $12, Maui for $14, and Plumeria for $20.

The company works on a weekly schedule of five days, with two shifts of 7.5 hours per day. It has four machines available for production and 50 employees on each shift. Its declared objective is profit maximization.

Write the linear programming model for this problem to determine the optimal mix of the three styles to be produced.

Reference no: EM132234778

Questions Cloud

What is bad mama jama wacc : If the market risk premium is 7 percent, the risk free rate is 3 percent, and the appropriate tax rate is 15 percent, what is Bad Mama Jama's WACC?

Write response on web 2.0 : Web 2.0 is a progression moving the Web to change it into a participatory stage, in which people incapacitate content by systems for downloading and furthermore

What is the duration of a three-year treasury bond : What is the duration of a three-year Treasury bond with a 5.5 percent coupon selling at par?

What is the best estimate of table top cost of equity : The risk free rate is estimated at 2.3% and the market risk premium is 7.3%. What is the best estimate of Table Top's cost of equity?

Determine the optimal mix of the three styles to be produced : Write the linear programming model for this problem to determine the optimal mix of the three styles to be produced.

What is the asked yield of the t-bill : A T-bill quote sheet has 90-day T-bill quotes with 2.358 bid and a 2.348 ask. If the bill has a $10,000 face value, what is the asked yield of the T-bill?

Considering newspaper advertising and radio advertising : Riverside Diner is trying to decide how to allocate a monthly advertising budget of $1800. They are considering newspaper advertising and radio advertising.

Executive desks and secretary desks at two plants : Madisen Furniture of Overland Park, Kansas produces two types of desks: executive desks and secretary desks at two plants.

Aspect of computer networking and telecommunications : A 1,500 word (minimum) research paper dealing with some aspect of computer networking and telecommunications. The paper should reflect your learning.

User Account

All Pages