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A sawmill makes two products for log-home kits: fir logs and spruce logs which can be sold at profits of $16 and $20, respectively. Each spruce log requires .4 hours of processing time on the bark peeler and 1 hour on a slab saw. Each fir log requires .5 hours on the peeler and .7 hours on the slab saw. Each log then, regardless of type, requires .3 hours on the planer. Because of maintenance requirements and labor restrictions, the bark peeler is available 10 hours per day, the slab saw 12 hours per day and the planer 14 hours per day. Bark and sawdust are byproducts of these operations. All the bark can be put through a chipper and sold in unlimited quantities to a nearby horticulture supplier. Dried fir sawdust can be directed to a similar market, at a net profit of $1.40 per processed log. Limited amounts of the spruce sawdust can be made into marketable pressed-wood products, but the rest must be destroyed. For each spruce log produced, enough sawdust (5 pounds) is generated to make 3 pressed-wood products, which after manufacturing can be sold at a unit profit of $2 per pressed-wood product. However, the market can absorb only 60 of the pressed-wood products per day and the remaining spruce sawdust must be destroyed at a cost of $0.60 per pound. The sawmill wishes to make the largest possible profit, considering the cost of destroying the unusable spruce sawdust.
Formulate a linear program for this problem. Do not solve. Define your variables before you use them. Also, describe in a few words what is your objective function and what each of your constraints represents.
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 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..
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..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
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 of DVD players. Determine the appropriate reorder point.
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.
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 showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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