Production schedule of various products to maximize profit

Assignment Help Operation Management
Reference no: EM131688639

A plant manager is attempting to determine the production schedule of various products to maximize profit. assume that a machine hour constraint is binding. if the original amount of machine hours available is 200 minutes, and the range of feasability is from 130 minutes to 300 minutes, providing two additional machine hours will result in:

1) the same product mix, different total profit

2) a different product mix, same total profit as before

3) the same product mix, same total profit

4) a different product mix, different total profit

Reference no: EM131688639

Questions Cloud

City of akkad north of sumer : Why Akkadian empire was the state that grew up around the city of Akkad north of Sumer?
An explanation of the patients medical history : Explain how the diagnosis might impact the patient's life short-term and long-term. Include an explanation of the patient's medical history.
Means of interacting and sharing : Why Facebook is a well known social website that provides a platform for people to use a means of interacting and sharing?
How this newly discovered competitive edge : How this newly discovered competitive edge that anabolic steroids gave its users led to its use in the athletic world?
Production schedule of various products to maximize profit : A plant manager is attempting to determine the production schedule of various products to maximize profit.
Determine the present value ratio : Determine the payback period and the rate of return - The cost of capital is 8%, determine the Present Value Ratio - Determine the inflation adjusted
Biological sex in a given social setting : Why Gender roles are a set of culturally ascribed behaviours associated with a person's biological sex in a given social setting?
How many of deming principles for tqm are used : Deming's Fourteen Total Quality Management Principles Think back to the organization for which you have worked the longest.
Appreciate diversity in its true form : Why this is recommend to those people who are open-minded and can appreciate diversity in its true form?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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