Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The production department for an aluminum valve plant is scheduling its work for next month. Each valve must go through three separate machines during the fabrication process.

After fabrication, each valve is inspected by a human being, who spends 12 minutes per valve. There are 450 inspection hours available for the month.

The time required (in hours) by each machine to work on each valve is shown in the following table. Also shown are the minimum number of valves that must be produced for the month and the unit profit for each valve. PRODUCTS DEPARTMENT V231 V242 V784 V906 CAPACITY OF EACH DEPARTMENT (hours) DRILLING 0.60 0.30 0.45 0.35 700 MILLING 0.60 0.55 0.52 0.52 950 LATHE 1.10 0.60 0.50 0.65 1100 MINIMUM OF EACH PRODUCT TYPE NEEDED 200 300 700 450 PROFIT ($/UNIT) $14 $10 $11 $12 Formulate and solve the problem in Excel to determine the number of each product to manufacture that meets the requirements and maximizes profits.

a) What is the maximum profit based on your optimal solution (the value of the objective function)?

b) How many V231's should be manufactured based on your optimal solution?

c) How many V242's should be manufactured based on your optimal solution?

d) How many V784's should be manufactured based on your optimal solution?

e) How many V906's should be manufactured based on your optimal solution?

f) What is the total number of hours used in the drilling department based on your optimal solution?

g) What is the total number of hours used in the milling department based on your optimal solution?

h) What is the total number of hours used in the lathe department based on your optimal solution?

i) What is the total number of hours used in the inspection department based on your optimal solution?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92760701

Have any Question?


Related Questions in Operation Management

1 what does the statistics term significant difference mean

1. What does the statistics term "significant difference" mean ? If there is a significant difference, it it automatically managerially significant? 2. What has an orginzation or a public agency (ie law enforcement) done ...

1 explain the difference between directional policy matrix

1. Explain the difference between directional policy matrix and multiple factor indices. 2. Explain how a "two-valued orientation" is closely aligned with diversity, perception, and prejudice. Is there an absolute good o ...

Jennifer walks behind sloans desk and notices that she is

Jennifer walks behind Sloan's desk and notices that she is looking at the progress notes on a patient who was recently arrested and indicted for child abuse. The case has been in the newspaper and on television consisten ...

Answer the following questions choose one of the questions

Answer the following Questions : Choose one of the questions set out below: Your answer should be typed (double space) and in the region of 500 words. 1. How would privatization, deregulation and removal of barriers to f ...

Assignmentbullwhat is strategy common Assignment • What is Strategy? Common

Assignment • What is Strategy? Common Misunderstandings • What is Strategy? • Your Strategy Needs a Strategy • Good Strategy's Non-Negotiables • Goldsmith, D. (2013, July/Aug). Rethinking the company's competitive advant ...

1 ken owns a small convenience store in a street corner in

1. Ken owns a small convenience store in a street corner in California. One afternoon, a teenage boy enters his store, looks around, and prepares to walk out without buying anything. Ken is wary of the boy because of the ...

1 describe the concepts theories and models of leadership

1. Describe the concepts, theories and models of leadership presented in this chapter in the context of the healthcare supply chain. 2. Discuss leadership principles and how to implement those principles in leading healt ...

1 what are some recommendations to make negotiations easier

1. What are some recommendations to make negotiations easier and more beneficial in order to avoid dispute situations? Consider dealing with family business situations, managing difficult conversations, fostering relatio ...

Employeesrsquo attitudes have a significant impact on not

Employees’ attitudes have a significant impact on not only their productivity, but also things like whether they steal from the company. Job satisfaction and Organizational commitment are the two most commonly researched ...

1 what are the requirements for creating an effective

1. What are the requirements for creating an effective strategic vision statement and measurable company objectives? How do company objectives support the strategic vision statement of a company? 2. What are the elements ...

  • 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