Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

A television set manufacturer makes two models of TV sets, LED and HD, and in two sizes, 32" and 55". The firm has to decide on the mix of the combinations of the two models and the two sizes. A market research indicates that at most 2000 of 32" (both models combined) and at most 4000 of 55" TV sets (both models combined) can be sold per month. In addition, past sales records indicate that the combined sales for both sizes of HD TV sets is at least twice the combined sales of the two sizes of LED TV sets. The maximum number of labor-hours available is 30,000 per month. A 32" LED TV set requires 10 labor-hours, a 55" LED TV requires 14 labor-hours, while a 32" HD TV set requires 12 labor-hours and a 55" HD TV set requires 16 labor-hours. The unit profit of a 32" LED, 32" HD, 55" LED and 55" HD TV set is $80, $100, $130 and $140, respectively. It is desired to find the number of TV sets to produce per month for these two sizes and models in order to maximize monthly profit. Formulate a linear programming model for this problem (define variables and setup the objective function and the constraints; also describe in a few words what your objective function and each of your constraints represents). Do not solve. The company has a fixed workforce that does not plan to change. Therefore the only way to increase labor-hours is by overtime. Suppose that at most 6000 extra labor-hours can be obtained by allowing overtime at the average of $30 per hour. Show how you modify the formulation above to find if and how many hours of overtime should be used per month. Do not solve.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92030300

Have any Question?


Related Questions in Operation Management

Positive reply a user calledwrote in with complaint he

(positive reply): A user called/wrote in with complaint; he stated he was overcharged $100 by an advertising program he was using. After some back and forth, it was determined that ultimately the issue was caused by the ...

Choose a company from the fortune 500 list 2017 and do the

Choose a company from the Fortune 500 list 2017 and do the following: Go to the company's website and read the company's vision, mission, and values statement. After you have read the aforementioned items, answer the fol ...

Abc company has a firm policy regarding cases of theft of

ABC company has a firm policy regarding cases of theft of company property. Used company equipment is on a table to be sold by bid each month. Tara sees a valued employee, Benjamin, who is 2 months from retirement, take ...

Assignment discussion-mungers mental modelsin his article

Assignment : Discussion-Munger's Mental Models In his article "A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management & Business," Charles Munger (1995) wrote about tools, techniques, and critical ...

Conflicts on investigation teams1 how might you go about

Conflicts on Investigation Teams 1. How might you go about analyzing the team's leadership structure to determine how these personalities affect the team's overall performance? 2. What evaluation and reward system for pe ...

1 how has convergence changed our relationship with media

1. How has convergence changed our relationship with media and with the internet? 2. List three reasons why a company might decided NOT to create sales territories for its sales force. 3. Give an example of how a Girl Sc ...

Take apple organization and explain the framework of isit

Take Apple organization and explain the framework of IS/IT Strategy formulation and planning process.  (Marks Allotted=10) Given below are the steps you may consider for explaining the framework of IS/IT Strategy. 1. Ini ...

1 how can applying the sustainability leggs economic amp

1. How can applying the sustainability leggs : (Economic & Environmental & Social) help in developing the country economy position? 2. Environmental factors that influence the organisation particularly sustainability rel ...

Consider the following scenarioto assist the sale of your

Consider the following scenario: To assist the sale of your products in a particular foreign market, you are advised to pay a 10 percent commission to a go-between who has access to high-ranking government officials in t ...

1 can one of the members in a limited liability company be

1. Can one of the members in a limited liability company be “forced out” against their will? 2. State at least three reasons owners in a limited liability company or a limited partnership should enter into a “buy-sell ag ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As