Number of boxes required by each drug to maximize income

Assignment Help Operation Management
Reference no: EM132231590

A local drug manufacturer has two products it produces; "Pain-B-Gone" and "Feel-So-Good". The revenue made from the first product is three thousand dollars per box and the second product makes a profit of two thousand dollars per box. They both require time in Department #1, Department #2 and Department #3 before they are completed. Pain-B-Gone uses 12, 2 and 6 hours respectively in each department and Feel-So-Good uses 4, 5, and 6 respectively. Department #1 can only handle 72 hours, Department #2 - 30 ours and Department #3 - 48 hours.

1) Using Excel Solver, compute the number of boxes required by each drug to maximize income.

2) Based on question number 1, what would the maximum profit be?

3) How would your answer differ if Department #1 had 80 hours available?

Reference no: EM132231590

Questions Cloud

Analyze the advantages associated with private healthcare : Identify what private health services for your chosen problem are available in your region. Describe how these services are delivered and funded when delivered.
Free market economics stimulate greater economic growth : Free market economics stimulate greater economic growth, whereas state-directed economics stifle growth. Discuss.
Change for globalization in mattel supply chain : Evaluate the drivers for change for globalization in Mattel's supply chain.
Write response on the influence of orem theory : Dorothea Orem's theories of self-care, self-care deficit, and nursing systems have had great influence in nursing practice. Orem's self-care deficit theory.
Number of boxes required by each drug to maximize income : Using Excel Solver, compute the number of boxes required by each drug to maximize income.
Statements is right about workcenter : Which of the following statements is NOT right about a service system. Which of the following statements is right about workcenter?
Study of international business : "The Study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going
How the given impacts the patient quality of life : CASE STUDY 3 - Reflecting on week 4's lessons in the syllabus,select a patient population (pediatric, young adult, adult or geriatric), and briefly analyze.
Describe the shifts in the world economy : What are the implications of these shifts for international business based in Great Britain? North America? Hong Kong?

Reviews

Write a Review

Operation Management Questions & Answers

  Identifies five concepts that someone attempting

In which areas do you see similarities to our approach to framing? Where do you see differences?

  Preparing for trade-offs

Mike's Tees, a relatively large company that prints T-shirts, is developing a system that allows customers to upload their image files on a server

  Important to recognize individual differences in workplace

It's becoming more important to recognize individual differences in a workplace because:

  Executives struggle with fallout of globalized economy

“As today’s executives struggle with the fallout of a globalized economy, they are likely to make their organizational structures even more complex.

  What are the pros and cons of bureaucratic controls

What are the pros and cons of bureaucratic controls such as rules, procedures, and supervision? Should all organizations use bureaucratic controls? Why or Why Not?

  Empowerment decreases skill variety

Empowerment does which of the following? Empowerment increases autonomy. Empowerment decreases skill variety. Empowerment increases job rotation. Empowerment increases job specialization.

  Nurse unions be advocating for single payer system

Why would the nation's biggest nurse unions be advocating for a single payer system?

  What are the potential disadvantages to standardization

Operations personnel tend to favor product component standardization while design and marketing personnel tend to resist it. Why is this true?

  What issues of fairness and equity come into play in case

As this chapter explains, union goals include security provision, such as agency shops, What issues of fairness and equity come into play in this case?

  Contemplating the purchase of big money item

Suppose that you are contemplating the purchase of a "big money" item such as a luxury car or a new home.

  Embarking on new project her firm has initiated

Phyllis is embarking on a new project her firm has initiated in the Middle East.

  Ultimately reach collective bargaining agreement

Describe the steps that management and the union take to prepare for and ultimately reach a collective bargaining agreement.

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