Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

The Skimmer Boat Company manufactures three kinds of molded fiberglass recreational boats—a bass fishing boat, a ski boat, and a speedboat. The profit for a bass boat is $20,500, the profit for a ski boat is $12,000, and the profit for a speedboat is $22,300. The company believes it will sell more bass boats than the other two boats combined but no more than twice as many. The ski boat is its standard production model, and bass boats and speedboats are modifications. The company has production capacity to manufacture 210 standard (ski-type) boats; however, a bass boat requires 1.3 times the standard production capacity, and a speedboat requires 1.5 times the normal production capacity. In addition, a bass boat uses one high-powered engine and a speedboat uses two, and only 160 high-powered engines are available. The company wants to know how many boats of each type to produce to maximize profit. Formulate and solve an integer programming model for this problem.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91764603

Have any Question?


Related Questions in Operation Management

1 discuss the case involving the united states of america

1. Discuss the case involving the United States of America versus Ross Ulbricht. 2. Ransomware and the evolution of data breaches? Do we have good solutions to manage data breaches effectively? 3. Do you have a mentor? I ...

1 the department manager is using a combination of methods

1. The department manager is using a combination of methods and has forecast sales of toasters at a local department store. The manager wants to compare an exponential smoothing forecast to a naive forecast to see which ...

One of the major measures of the quality of service

One of the major measures of the quality of service provided by an organization is the speed with which it responds to customer complaints. A large family-held department store selling furniture and flooring, including c ...

Both qualitative and quantitative research as well as

Both qualitative and quantitative research as well as performance tracking can be used to measure brand equity and performance. Financial metrics can identify anomalies and trends, so an organisation can identify initiat ...

Repair calls are handled by one repairman at a photocopy

Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time, is exponentially distributed, with a mean of 2.7 hours per call. Requests for copier repairs come in at a mean rate of 1. ...

1 examine the leaderndashmember exchange lmx theory that

1. Examine the Leader–Member Exchange (LMX) Theory that discuss specific components (characteristics) that you feel are the most important and why. 2. What are the political and governmental risks in Egypt? Is there a ri ...

This week we dig into the importance of creating an outline

This week we dig into the importance of creating an outline as well as developing powerful opening and closing remarks. For part 1 of this week’s discussion discuss the purpose of an outline. Be sure to address some of t ...

Discuss what you believe is in your own self-interest do

Discuss what you believe is in your own self-interest. Do you always follow your own self-interest? For example, do you always apply sun screen before going outside? Discuss why. Should one take other people's self-inter ...

1 show the lessons learned register at the current planning

1. Show the lessons learned register at the current, planning state of the project. Also identify any new or updated constraints and assumptions. 2. What is a non quantitative approach in a business? and why is it so pop ...

Some managers believe that following the law is all that is

Some managers believe that following the law is all that is required to keep their organizations doing things the right way. Others believe that doing the right things must be accompanied by doing things the right way. W ...

  • 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