Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Management Theories Expert

Problem: Cool Denim Company produces two items called Boot Jeans and Skinny Jackets. A unit of Boot Jeans requires 8 yards of denim and 2 pounds of R22 dye. A unit of Skinny Jackets requires 15 yards of denim and 3 pounds of R22 dye. The amount of cutting machine time needed on a unit of Boot Jeans is 1.5 hours, while the amount of cutting machine time needed on a unit of Skinny Jackets is 1 hour. The assembly time needed by a unit of Boot Jeans is 2.5 hours while the assembly time needed by a unit of Skinny Jackets is 1.75 hours. The amount of yards of denim available per production period is 280 yards. The company has secured 66 pounds of the special R22 dye for the production period. The company has three cutting machines which yield an effective combined time of 47 hours per production period. The total amount of assembly time available to the company per production period equals 130 hours. The company has received and accepted pre-production commitments of at least 5 units of Boot Jeans for the upcoming production period, and wants to keep production of Skinny Jackets to a maximum of 12 units in order not to overflow the market for the following period. The company cost accountants have determined that a single unit of Boot Jeans contributes $15 to profits, while a single unit of Skinny Jackets contributes $22 to profits. The company's objective is to maximize profit. If you are the production manager, how many units of Boot Jeans and Skinny Jackets should you produce so that the profit is maximized?

Question: 1. What are the decision variables (specify the units)?

2. What is the objective function?

3. Are there any redundant constraint(s)? Which one(s), if any?

4. Identify the corner points of the feasibility region.

5. What is the optimal production mix?

6. What is the optimal profit level?

7. If the manager is able to secure an additional pound of special R22 dye for $5/1b., should it be bought? Why?

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M92630937

Have any Question?


Related Questions in Management Theories

Assignment -instructions - please follow instructions for

Assignment - Instructions - Please follow instructions for all for Personal Learning Journal. And each personal learning journal should be of 300words. Each student will keep a personal journal to reflect and record thei ...

Looking at leadership through complexityleading

Looking at Leadership Through Complexity Leading knowledge-based companies is different from leading industrial-based companies (Uhl-Bien & Marion, 2008). The authors noted "complexity leadership theory, a leadership par ...

Identify a health technology or a specific aspect of a

Identify a health technology or a specific aspect of a payment system that is changing for your health care setting. Work as a team to prepare a PowerPoint presentation to educate and inform your co-workers about the rec ...

Assessment descriptionthis assessment is a culmination

Assessment Description This assessment is a culmination piece, in which you will be given an opportunity to combine the information you have accumulated in Assessments 1 and 2. More importantly, you will need to showcase ...

Final reflection-preparing for final assignmentthroughout

Final Reflection- Preparing for Final Assignment: Throughout the course, numerous topics on healthcare management have been discussed. Reflecting on the different discussions, readings, assignments, and your previous cou ...

Styles of leadershipinstructionsama style with

Styles of Leadership Instructions AMA style with references When preparing for your discussion post on this case, it is recommended that you read through it several times. Read through it the first time to familiarize yo ...

Describe how government-supported big business during the

Describe how government-supported big business during the Reagan Era effected the U.S. economy and labor unions.

Identify three reasons that a project can fail explore each

Identify three reasons that a project can fail, explore each of the reasons, propose a solution that will eliminate the problem and turn the initiative into a success. Use a minimum of two peer reviewed sources. The work ...

Chapter- gravity modela manufacturer of cat towers wishes

Chapter- Gravity Model A manufacturer of cat towers wishes to locate a super assembly facility to meet their cat tower assembly needs for the next millennium. Currently, carpet, cylinders, yarn and fasteners are purchase ...

Foundations of complexitycomplexity theory the field of

Foundations of Complexity Complexity theory, the field of study of complex systems, is a relatively recent theory. It is a broad theory encompassing nine research traditions-an aggregation of principles, concepts, theori ...

  • 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