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The Otto Maddick Machine Tool Company produces two products, muffler bearings and torque amplifiers. One muffler bearing requires 0.125 hr. of assembly labor, 0.25 hrs. in the stamping department and 9 square feet of sheet metal. Each torque amplifier requires 1/3 hr. in assembly and 0.25 hrs. in stamping and uses 6 square feet of sheet metal. Current capacities are 400 hours of assembly labor and 375 hours of stamping capacity. Sheet steel costs $0.15 per square foot. Muffler bearings sell for $9 and torque amplifiers sell for $11.00. Use linear optimization to find the number of each product to make to maximize profit. (Do not constrain the solution to integers.) The available amount of sheet steel may be considered unlimited. The cost of Labor is not charged to the products. A new product called the furtengrinder uses 0.5 hours of assembly time and 10 square feet of sheet metal and sells for $32.10.
Use Solver's sensitivity report to determine the maximum number of stamping hours it could use before it would become unprofitable produce furtengrinders.
How do you believe a project manager should decide that one estimate is better than another when scheduling project work? If you were the project manager in this case study, which estimate would you use?
The key points in Chapter 12 tell us that good inventory management is important for successful organizations. The key issues are when to order and how much to order.
Identify a process within your organization that frequently lends itself to reverse logistics. Do the costs of continuing this process exceed the benefits?
As the manager of user experience for a large Internet service provider, Gina spends a lot of her time trying to figure out how best to communicate the value of the technology enhancement services that the firm provides. For this reason, Gina been as..
What is the total vehicle life cycle cost of this hybrid.
Integrate the components developed in each Module into a finalized strategic business plan. Incorporate any feedback from your instructor into the final document as well. The document should include appropriate headings for each section. Students wil..
Looking at the legal environment of business today, discuss where you see the law has fallen short for businesses or consumers.
A dealer sold a new car to Raymond Smith. The sales contract contained language expressly disclaiming liability for personal injuries caused as a result of defects in the car and limiting the remedy for breach of warranty to repair or replacement of ..
Doug and Stella work for ABC in the quality control department and became involved in a consensual dating relationship. Doug was Stella's supervisor. As luck would have it, Stella lost interest and broke off the relationship- In addition he made seve..
If the owner reduces the earnings estimates from seven to five years, what effect will this have on the final valuation? If the individual increases the discount factor from 15 percent to 20 to 22 percent, what effect will this have on the final ..
Cassidy applies for a job as a combination bartender and server at Victor's Casino and Resort Spa. The interview process includes a tour of one of the bar areas at the casino. Cassidy notices that the male bar tenders and servers are all wearing tuxe..
Referring to the same business you either started or purchased in the first assignment, write a 6-8 page paper in which you; Outline a financial plan for your small business.
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