(i)Formulate the linear Programming problem to get the maximum Financial returns. Advice management about how many of each type should be made to get the maximum financial returns algebraically.
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- Out of a stock of three electronic components A,B and C given as 200, 120 and 150 respectively, it is required to produce two types of circuits. Circuit type l requires 20 resistors,10 transistors and 10 capacitors, while printed circuit type ll requires 10 resistors, 20 transistors and 30 capacitors. If a type l circuit sells at Gh.5 cedis each and type ll circuit at Gh.12 cedis each.
(i)Formulate the linear Programming problem to get the maximum Financial returns.
Advice management about how many of each type should be made to get the maximum financial returns algebraically.
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- A company has two products, which both sell in quantities of 20. Product A sells for $35/unit with a profit margin of 20%. Product B sells for $50/unit with a profit margin of 13%. Product A has a lost sale probability of 25% when out of stock, and Product B has a lost sale probability of 35% when out of stock. Which product is the more "expensive", in terms of lost sales, if it were to experience a stockout? O No answer text provided. O Product A O They both have the same cost of lost sales same O Product BThe Westerville Auto Parts Company produces rocker-arm assemblies for use in the steering and suspen-sion systems of four-wheel-drive trucks. A typical container of parts spends 0.02 day in processing and0.08 day in materials handling and waiting during its manufacturing cycle. The daily demand for the part is2,000 units. Management believes that demand for the rocker-arm assembly is uncertain enough to war-rant a safety stock equivalent of 10 percent of its authorized inventory.a. If each container contains 22 parts, how many containers should be authorized?b. Suppose that a proposal to revise the plant layout would cut materials handling and waiting time percontainer to 0.06 day. How many containers would be needed?The formula to compute the Break-Even Analysis is QBE = F/ (SP - VC). Select one: True False
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