Determine the optimality condition-optimum unchanged

Assignment Help Operation Management
Reference no: EM13844884

A company produces two products, A and B. The unit revenues are $2 and $3, respectively. Two raw materials, M1 and M2, used in the manufacture of the two products have respective daily availabilities of 8 and 18 units. One unit of A uses 2 units of Ml and 2 units of M2, and 1 unit of Buses 3 units of Ml and 6 units of M2.

(a) Determine the optimality condition for that will keep the optimum unchanged.

(b) Determine the optimality ranges for CA and C8, assuming that the other coefficient is kept constant at its present value.

(c) If the unit revenues CA and CB are changed simultaneously to $5 and $4, respectively, determine the new optimum solution.

(d) If the changes in (c) are made one at a time, what can be said about the optimum solution?

Reference no: EM13844884

Questions Cloud

College senior must choose between two alternatives : A college senior must choose between two alternatives: going for an MBA or taking a full-time entry position right after graduation. She thinks that she has 0.7 probability of completing the MBA. In a year If she completes the MBA, she believes that ..
Guarantee flow of ideas among employees during his meetings : John wants to guarantee a flow of ideas among employees during his meetings. Which of the following would be the MOST effective?
Significant management personnel-business strategy : Determine an organization you will analyze and evaluate over the six weeks of this course. The organization can be one in which you work, one in which you have access, or one of such substance that significant internet material is available for your ..
Real example of business process reengineering : Define and provide a real example of Business Process Reengineering. Identify an operation and supply chain-related disruption that recently impacted a company. What could the company have done to have minimized the impact of this type of disruption ..
Determine the optimality condition-optimum unchanged : A company produces two products, A and B. The unit revenues are $2 and $3, respectively. Two raw materials, M1 and M2, used in the manufacture of the two products have respective daily availabilities of 8 and 18 units. Determine the optimality condit..
Creating a psychographic profile : Psychographics are AIO (activities, interests, and opinions) measures. In this discussion, you will have a chance to utilize these AIO measures to create a psychographic profile. Utilize the AIO measures, as described in your reading for the week (in..
Competitor lands coveted spot by door-capturing half market : Imagine you can make a $75 retail Christmas wreath in two hours at a variable cost of $25 per wreath and a fixed cost of $800. Marketing consists of a booth at the local craft fair (rent: $100 for the month before Christmas), where five other competi..
Using qualitative risk analysis matrix : Imagine that you are a member of a project team that has been charged to develop a new product for the residential building industry. Using a qualitative risk analysis matrix, develop a risk assessment for a project based on the following information..
Two ingredients-antibiotic requirements at the minimum cost : The Elixer Drug Company produces a drug from two ingredients. Each ingredient contains the same three antibiotics, in different proportions. One gram of ingredient 1 contributes 3 units, and 1 gram of ingredient 2 contributes 1 unit of antibiotic 1; ..

Reviews

Write a Review

Operation Management Questions & Answers

  Cutbacks at a federal research laboratory in upstate

In 2008, there was a Supreme Court case that was brought by 28 employees who lost their jobs during cutbacks at a federal research laboratory in upstate New York. All but one of the employees who were laid off was at least 40. Do you think they won o..

  Which machine should she pick

If demand for Karla's candles is 25,000, which machine should she pick?

  What is the average inventory of part x

b. What is the average inventory of part X?

  Why is it significant that system engineering planning

why is it important that system engineering planning commences early at program inception with the definition of

  Which of the given is an analytical tool used in the

1 which of the following is an analytical tool used in six-sigma quality improvement programs?bull gantt

  You have heard from industry colleagues that they have a bad

You have heard from industry colleagues that they have a bad reputation for paying debts, claiming goods are defective and "not receiving" shipments.

  Different divisions of the corporation

You know that your team will be travelling to all of the different divisions of the corporation to assist in that division's strategic planning. You want to impress on this young group of planners how important the concept of competitive advantage..

  Organizational control matters-output-behavioral and clan

There are three different organizational control matters: output, behavioral, and clan. Out of these three, my previous employer, PetSmart, was known to use output control. The output control is when a company is striving for results

  Nonaka theory of knowledge creation

Compare the models and information found with Nonaka's Theory of Knowledge Creation. Consider ways knowledge creation works in an organizations.

  What would you say are the cultural differences between chin

What would you say are the cultural differences between Chin and Google? Once describing these cultural differences, diagnose the spheres of culture and their interactionc

  Discussion-competitiveness and inventory management

To be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management.

  Describe managerial hierarchy

Describe your managerial hierarchy. Decide what each partner's managerial role in the restaurant will be. For example, who will be responsible for the necessary departments and specific activities

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