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A company assembles two types of small drones: Mini and Nano. The time to assemble a Mini is 8 hours and to assemble a Nano is 6 hours. The company has the following goals, in prioritized order:
1. Do not underutilize production capacity, which is 480 hours.
2. Achieve product demand of 40 for Minis and 50 for Nanos. Meeting the Mini demand is more important than meeting the Nano demand by a ratio of 5 to 2.
3. Limit production overtime to 20 hours.
a) Formulate a Goal Programming model for this problem to determine the production amounts of the Mini and Nano drones to best meet the company’s goals. Define clearly your decision variables, constraints and objective(s)
b) Solve this problem using Excel Solver.
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Describe an incentive conflict in your company. What is the source of the conflict, and how is it being controlled? Could you control it in a less costly way? Compute the profit consequences of the change.
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What rights, if any, are infringed by not referencing Internet sources, and how does one avoid infringing those rights in the future?
A power plant uses coal to generate electricity. Coal is supplied at a rate of 9,000 tons per day at price of $16.50 per ton and is used at rate of 1400 tons per day. The plant operates 365 days per year and its annual carrying cost is 28% of acquisi..
Discuss stereotypes with a trusted friend or family member. What kinds of job-related stereotypes is he or she aware of? (Note that awareness of stereotypes does not mean belief in the veracity of the stereotype).
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