Precision Machinists makes two grades of gears for industrial machinery: standard and heavy duty. The process requires two steps. Step-1 takes 8 minutes for the standard gear and 10 minutes for the heavy duty. Step-2 takes 3 minutes for the standard gear and 10 minutes for the heavy duty. The company’s labor contract requires that it use at most 200 labor-hours per week on the Step-1 equipment and at most 140 labor-hours per week on the Step-2 equipment. The profit contributions are $15 for each standard gear and $22 for each heavy duty. How many of each gear should be made each week to maximize profits? Find the optimal solution using the graphical solution technique.
Please do rate me and mention doubts in the comments section.
Precision Machinists makes two grades of gears for industrial machinery: standard and heavy duty. The process...
Leach Distributors packages and distributes industrial supplies. A standard shipment can be packaged using a mix of class A, class K, and class T containers. A shipment in a single class A container yields a profit of $180; in a single class K container, a profit of $70; and in a single class T container, a profit of $150. Each container requires a certain amount of packing material as well as packing time, as shown below. RESOURCES REQUIRED PER CLASS...
Exercise 2 Linear Programming 1. The Scrod Manufacturing Co. produces two key items – special-purpose Widgets (W) and more generally useful Frami (F). Management wishes to determine that mix of W & F which will maximize total Profits (P). Data W F Unit profit contributions $ 30 $ 20 Demand estimates (unit/week) 250 500 Average processing rates – each product requires processing on both machines (units/hour) Machine #1 2 4 Machine #2 ...
109 CASE STUDY Dream Desk Compary Dream Desk Company is a major supplier of office desks for can profit from this market growth if prices can be held in line home and business. The company has been in existence since 1875. Affler serving an apprenticeship as a cabinet maker in the and quick delivery can be promised. Dream Desk operates a 250,000 sq. ft. manufacturing fa- cast, George Dreamer had a violent disagreement with the shop eility in Casa Petite,...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...