Three-step process-consisting of milling-inspection-drilling

Assignment Help Operation Management
Reference no: EM132225602

A small firm makes three similar products, which all follow the same three-step process, consisting of milling, inspection, and drilling. Product X requires 12 minutes of milling, 5 minutes for inspection, and 10 minutes of drilling per unit; product Y requires 9 minutes of milling, 6 minutes of inspection, and 7 minutes of drilling per unit; and product Z requires 8 minutes of milling, 4 minutes for inspection, and 16 minutes of drilling.

The department has 18 hours available during the next period for milling, 19 hours for inspection, and 15 hours for drilling. Product X contributes $2.40 per unit to profit, Y contributes $2.50 per unit, and Z contributes $3.00 per unit. Because the demands for X and Y are highly correlated, it is determined that the ratio of quantities of X to Y should be 1:2.

The firm would like to determine what mix of each of the three products to produce so as to maximize profit. Formulate this problem as a linear program and solve it.

Reference no: EM132225602

Questions Cloud

Discuss urban transportation planning system : Discuss Urban Transportation Planning System (UTPS) including its flaws and biases.?
Discuss an approach to engagement research : Discuss an approach to engagement research that would encompass the necessary components to your profession or industry. Itemize the areas that must be consider
Determine the key components of talent management : Envision an organization (profit, nonprofit, product-or service-driven) with 200 people in which 20 are identified leaders. With this organization in mind.
Arrange the supporting sentences in climactic order : First, begin the paragraph with the topic sentence given and arrange the supporting sentences in a climactic order.
Three-step process-consisting of milling-inspection-drilling : A small firm makes three similar products, which all follow the same three-step process, consisting of milling, inspection, and drilling.
Which models have you seen implemented in the workforce : Compare and contrast the various change management models. Provide a brief overview of your comparison. Which models have you seen implemented in the workforce?
Explain the key business activities and processes : Based on your research of logical process modeling with data flow diagrams, explain the key business activities and processes in the HR system.
Retailers must consider when devising merchandise plans : Describe the different factors retailers must consider when devising merchandise plans.
Fundemantals of business process management : Model the control flow of the following business process for damage compensation.

Reviews

Write a Review

Operation Management Questions & Answers

  Effects on the employees involved in taking the supplies

Analyze your actions in terms of the desirable and undesirable effects on the employees involved in taking the supplies and those who are not

  Why is the customer important to business-level strategy

Why is the customer important to a business-level strategy? How do each of the five business-level strategies relate to the customer? Provide an example of a company for each the five business-level strategies, and explain how the company used the st..

  Most important in determining internal alignment

What are some of the factors that are most important in determining internal alignment?

  Expands rewards for all major components of the value chain

The investment can be made in human resources, in expansion of tangible or intangible assets toward new uses, or in capital equipment or new technology.

  Key issues that influences collective bargaining

What are the key issues that influences collective bargaining

  How do you manage human resources in a global technological

How can an organization be strategic with their most important resource their people? Please explain.

  Will a new control system be adequate for the problem

Stone worth Paving Company specializes in highway paving jobs for state of Virginia. When the State first awarded Stone worth the contract, they stipulated a 1% penalty for each week Stone worth was late on a completion date. If you were Preston, wha..

  Why the materials are needed and where to purchase them

Research your list, using your course materials and the Internet, justifying why the materials are needed and where to purchase them.

  Create an annotated outline to serve as preliminary basis

Create an annotated outline to serve as the preliminary basis for your final assignment that meets the course outcomes.

  Formulation of the pricing optimization problem

Provide the algebraic (mathematical) formulation of the pricing optimization problem that maximizes the total contribution.

  Compare and contrast leadership vs power

Compare and contrast Leadership vs Power. Do you have to have power to have leadership? Do you have to have leadership to be powerful?

  Strategic planning is the process which involves the review

Strategic Planning is the process which involves the review of.

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