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The Ininob Manufacturing Company produces three products; widgets, yamis, and zots. The company is trying to determine its production schedule for these products for the next month. The company sells widgets for P500 each, and zots for P400 each. At these prices, up to 200 widgets and 30 zots can be sold. The price for yq.mis has not been decided. Two prices are under consideration -P500 and P600. At the P500 price, up to 100 can be sold. At the P600 price, up to 60 can be sold. Ininob purchases the raw material from which all three products are produced from a single firm. Widgets require 0.1 tons of raw materials for each one produced. Yamis requires 0.2 tons each: and zots require 0.3 tons each. Because of a shortage, there are only 50 tons of raw materials available for production of all thre products. The cost of the raw material is P200 per ton. The first step in the production process for all three products is a molding and heating operation. This requires a special purpose machine. A maximum of 400 hours is available on this machine. No additional hours can be obtained since the machine is already operating three shifts. The variable cost of operating this machine is P80 per hour. Each widget requires 1 hour on the machine; each yami, requires 2 hours; and each zot requires 0.5 hours. After the molding and heating operations described above, the product is finished. Zots are finished on a zotting machine. It costs P5000 to set up this machine and P100 per zot finished. Widgets and yamis are finished on a widgeting machine. There is a cost of P10000 to set up this machine. However, once the machine is set up, the machine can finished, either widgets or yamis or both. The variable cost of operating this machine is P100 per unit for either yamis, or widget. Formulate the problem as an integer linear programming problem.
Describe the methods organizations use for employee development.
Oftentimes we think of the middleman is acting as the agent. There are two types of agency, however. One is when the middleman assumes the inventory and is responsible for the purchase and housing of it, and another, where he is only acting broker be..
Using the organization you work for or any other organization of your choice and applying the PESTEL analysis, describe in no more than two paragraphs one external trend that has had a major impact on the organization's perfomance within the past ..
Discuss the ethics of pricing products to match the value that consumers are willing to pay for products (e.g., $2.50 bottle of water, $150 running shoes, etc.).
Analyze the following 2 article and evaluate the mass media campaign of these two famous personalities, Oprah Winfrey and Barack Obama. Marketing Lessons from Brand Oprah. What mass media strategies do they use to promote their messages? Who is their..
In looking at the industry in which you currently work, which life cycle stage do you think it is in at the present time? What do you see happening in the internal or external environment that could move it to the next stage? Provide a rationale for ..
The Cody City Chamber of Commerce periodically sponsors public service seminars and programs which are open to the public. Currently, promotional plans are under way for this year's program.
A firm sells two products. Product R sells for $20; its variable cost is $6. Product S sells for $50; its variable cost is $30. Product R accounts for 60 percent of the firm's sales, while S accounts for 40 percent. The firm's fixed costs are $4 mill..
How many of us have retailer loyalty cards on your key chain? The question is; how loyal are you to the retailers? We are not really at all despite the cards or the individual discounts they provide. Why are we as consumers falling for this if we are..
How would you examine if there is any merit in the remarks of various functional managers and what, in your opinion, could be the reasons for different Managerial thinking in this case?
The firm also receives checks in the amount of $12,000 daily but loses four days while they are being deposited and cleared. What is the firm's disbursement float, collections float, and net float?
“Today, you’ve got a decision to make. You’re gonna get better or you’re gonna get worse, but you’re not gonna stay the same. Which will it be?” -Joe Paterno “One’s philosophy is not best expressed in words; it is expressed in the choices one makes…a..
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