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An oil refinery produces two products: jet fuel and gasoline. The profit for the refinery is $0.10 per barrel for jet fuel and $0.20 per barrel for gasoline. The following conditions must be met:I) Only 10,000 barrels of crude oil are available for processing.II) The refinery has a government contract to produce at least 1,000 barrels of jet fuel.III) The refinery has a private contract to produce at least 2,000 barrels of gasoline.The refinery wants to know how much of each product should be produced for maximum profit.a) Define your decision variables as accurately as possible.b) What is the objective function of the problem?c) Write down three constraints addressing requirements I), II), and III).(d) Write down another constraint that guarantees for every barrel of jet fuel, at most three barrels of gasoline are produced.
Compute labour and multifactor productivity ratio. After some study, operations manager recommends 3 options to improve business's multifactor productivity.
Calculate the CPI and SPI. Explain the results of the calculation - what do they mean?
The foreman states that he spends twice as much time supervising A and half as much time supervising B,compared with the average time spent supervising his other subordinates.
In a manufacturing facility that produces laptop computers, there are three production lines that operate independently of each other. On one line, circuit boards on the way to final assembly that do not meet quality standards get "kicked"
Many strategic leaders say that they want managers to think strategically. How strategic leader can facilitate a middle manager to "think strategically?
The room's forecast is a tool for managers throughout the hotel; it is not for the front office alone. List also examine how several other non-room departments (housekeeping, food also beverage, etc.) would use the rooms forecast.
New software has been purchased to reduce time in calculating customers accounts. Establishing raport and effective communication with team members is primary importance to make this situation successful
Suppose you are the manager of the office furniture department at Nebraska Furniture Mart. One of your products is a cherry study desk.
Illustrate what are the support also resources required from senior management to implement marketing plan.
Both big and small U.S. and European companies rely upon foreign companies for everything from software development to financial analysis.
a cosmetic manufacturer's marketing department has developed a linear trend equation that can be used to predict annual sales of its popular hand and foot cream.
A farmer in Lowa owns 45 acres of land. He is going to plant each acre with wheat or corn. It clearly indicates how the derived value has been reached.
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