Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The Charm City Manufacturing Company would like to maximize the profit of manufacturing three products. The time in hours required for each product in each production department is tabled below, along with the profit for each product. Product 1 Product 2 Product 3 Department A 28 18 30 Department B 8 10 10 Department C 8 6 5 Profit $120 $100 $110 Currently labor assignments provide for 4200 hours in Department A, 2000 hours in Department B, and 2200 hours in Department C. Charm City wants to produce at least 60 units of Product 1. Answer the following questions by using the ranging (sensitivity analysis) results from Question 2. Do NOT solve the problem again by using any computer software.

a. If the profit from a unit of Product 1 increases from $120 to $150, will the optimal number of units of the three products manufactured change? Will the total profit change? If they change, what will be the new optimal solution and the new total profit?

b. The company has an opportunity to get some extra hours in Department A. What is the maximum price the company should pay for each additional hour in Department A, and how many hours should they get at that price?

c. The company has an opportunity to get some extra hours in Department B. What is the maximum price the company should pay for each additional hour in Department B, and how many hours should they get at that price?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92031905

Have any Question?


Related Questions in Operation Management

1 ethical infractions in an organization can be difficult

1. Ethical infractions in an organization can be difficult to detect, but left unchecked a single event could cause significant damage to a company’s reputation; A. Many companies have taken this risk seriously and have ...

B2b b2c c2c indicate the model of e-commerce taking place

(B2B, B2C, C2C) indicate the model of e-commerce taking place in the scenarios below AND summarize ways in which each business entity might market their goods/services to their customer. 1. I buy a Playstation 3 video ga ...

Consider the company you work for or a company in which you

Consider the company you work for or a company in which you want intrested. Also do some research to find some current cost estimates for various means of financing and working capital. What would be your recommendation ...

In 100 words state if you agree or disagree with the

In 100 words state if you agree or disagree with the summary below and why? PLEASE reframe from using Overuse of ambiguous terms such as it, this, and they should not be used. In last week's discussion, I identified four ...

1 someone argues that no competitive advantage lasts

1. Someone argues that no competitive advantage lasts forever. However, successful firms that have been competitive over centuries are not rare. Does this argument contradict the phenomenon? Discuss. 2. Explain how the I ...

Analysis of the 4 ps of the marketing mix based on shoe

Analysis of the 4 Ps of the Marketing Mix based on Shoe Carnival, Inc. a. Product: i. List the company’s primary products or product lines (if there are numerous products falling into many product categories).ii. From wh ...

Discipline and structure in your business studies you may

Discipline and Structure: In your business studies, you may have encountered PESTEL and Porter's 5 Forces. You probably also have encountered SWOT analysis. All three provide a structure for analyzing a business situatio ...

1 answer in 250-300 words identify the five main types of

1. Answer in 250-300 words. Identify the five main types of actions which a company can choose from in crafting a social responsibility strategy. 2. The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5, ...

Charles daley slipped on snow and ice while walking on a

Charles Daley slipped on snow and ice while walking on a sidewalk outside Canal Pharmacy. Daley was paralyzed as a result of his injuries. He sued Canal Pharmacy and Eileen Fryer, the pharmacy's landlady, arguing that th ...

Most employers fight against unionization in their

Most employers fight against unionization in their organizations, believing that unions and collective bargaining will drive up the cost of wages and benefits. This would cut into the organizations profits and potentiall ...

  • 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