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A company manufactures two kinds of pinball machines, each requiring a different manufacturing technique. Each Super Ball machine requires 20 hours of labor, 7 hours of testing, and yields a profit of $300. Each Silver Ball machine requires 12 hours of labor, 8 hours of testing, and yields a profit of $200. There are 2000 hours of labor and 1000 hours of testing available.
The company has made contracts with the retailers to provide at least 60 Super Ball machines and at least 50 Silver Ball machines.
The manufacturer wants to determine how many of each kind of pinball machines to manufacture. The objective is to maximize the total profit.
Formulate a linear programming model for the above situation by determining
(a) The decision variables.(b) The objective function.(c) All the constraints.
If demand is expected to increase to 84 customers for this flight segment in 3 years, illustrate what capacity requirement should be planned.
Christian runs a small chocolate shop. He manages his chocolate raw material using a periodic review system. Daily demand has a mean of 100 pounds and standard deviation of 10 pounds.
Articulate key aspects of operations management. Explain why operations management is important to managers in various organizational areas.
Discuss the meaning of MRP such as planned order release and scheduled order receipts? Many practitioners currently update MRP weekly or biweekly. Would it be more valuable if it were updated daily?
The cost of baking a cake is $6 and demand is estimated to be normally distributed with a mean of 25 and a standard deviation of 4. What is the optimal stocking level?
Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,000 miles, and α = 0.3 and Explain the assumptions behind the centre-of-gravity method. How can the model be used in a service facility location?
How would the EBQ change if the set-up costs were reduced by 50 percent, and the holding costs were reassessed by 40 percent.
Are current state and federal laws on gambling optimal? Should the nation move in the direction of stricter prohibition? Or should it move to more permissive laws, including those to legalize online gambling?
An aircraft repair facility currently has four jobs awaiting work. Four teams of mechanics are available. Each team can work on only one of the jobs. Over a period of several months the manager has evaluated the repair teams in a variety of jobs.
What is the difference between a task dependency and a task constraint? What is the importance of a baseline.
How much of an impact does "maturity" level of the industry or company have on strategy?
A claims that she and B entered into a contract. The intent to enter into a contract is determined with reference to Answer the conscious theory of contracts.
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