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Maxwell Manufacturing makes two models of felt tip marking pens. Requirements for each lot of pens are given below.Fliptop Model Tiptop Model AvailablePlastic 3 4 36Ink Assembly 5 4 40Molding Time 5 2 30
The profit for either model is $1000 per lot.
What is the linear programming model for this problem?
What are the boundary points of the feasible region?
What is the profitability at each boundary point of the feasible region?
Find the optimal solution.
Will there be excess capacity in any resource? If so, how much excess capacity?
When will risk of loss pass from seller to buyer under each of subsequent contracts, assuming parties have not expressly agreed on when risk of loss would pass.
Management has formulated four questions or "Decision Problems" that should be answered. Four "Decision Problems" or questions are: Explain why are store revenues lower than previous years.
Given the volunteers you have, the other time estimates are item K (2 hrs), item L (1 hour) also item M (4 hrs). Develop a time-phased assembly plan to prepare the gift bags.
Find out the one-step-ahead forecasts for February through May using Exponential smoothing with a smoothing constant of α = 0.15. Repeat the calculation.
illustrate what extend do you agree with assertion which "in managing people in current working environment, there is no need for Scientific Management concept also theories X also Y.
The subsequent data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July. Compare the forecasts using MAD.
Discuss the effect of any seasonal factors utilizing the process performance data collected each week. Discuss the confidence intervals also their usefulness based on the number of data points.
The expected completion time of the project was found out to be 40 weeks. The variance of the critical path is 9. Illustrate what is the probability that the project will be finished in 40 weeks or less.
What is the probability that Lynn will have more than $1 million in her retirement fund when she reaches age 60?(psitarget(f35,1000000))
If flight is overbooked, airline has a policy of getting customer on next available flight also giving person a free round-trip ticket on a future flight. Cost of round-trip ticket averages $250. Super Discount considers cost of flying a plane fro..
Safety inventory of coal also MRO materials is kept at twice the consumption during the lead time of supply. Illustrate what mode of transport do you recommend for each of the two products.
Illustrate what is the break-even volume with a single-shift operation. Illustrate what is the maximum revenue with a single shift.
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