6The L. Young & Sons Manufacturing Company produces two products, which have the following profit and resource requirement characteristics.Goal 1Goal 2Goal 3Characteristic$Profit/unitDept. A hours/unitDept. B hours/unitMaxs.t.Last month's production schedule used 350 hours of labor in department A and 1000 hours of labor in department B.Young's management has been experiencing workforce morale and labor union problems during the past six months because of monthly departmental workload fluctuations.New hiring, layoffs, and interdepartmental transfers have been common because the firm has not attempted to stabilize workload requirements.Management would like to develop a production schedule for the coming month that will achieve the following goals.Goal 1: Use 350 hours of labor in department A.Goal 2: Use 1,000 hours of labor in department B.Goal 3: Earn a profit of at least $1,300.Product 1(a) Assuming that goals 1 and 2 are P₁ level goals and goal 3 is a P₂ level goal and that goals 1 and 2 are equally important, what is the objective function of a goalprogramming model for this problem? (Let x; be the number of units of product i produced for i = 1, 2, let dpj be the deviation variable which is greater than the valueof goal j, and let dj be the deviation variable which is less than the value of goal j, for j = 1, 2, 3.)O Min P₁(dp1) + P₁(dn1) + P₁(dp2) + P1(dn2) + P₂(dn3)O Min P₁(dp1) + P₁(dn1) + P₂(dp₂) + P₂(dn2) + P3(dn3)O Min P₁ (dp1) + P₁(dp2) + P₂ (dn3)O Min P₁(dp1) + P₁(dp2) + P₂ (dn1) + P₂(dn2) + P₂ (dn3)O Min P₁(d1) + P₁ (dn2) + P₂(dn3)Formulate the constraints of the goal programming model for the objective function above.$$4at (x₁, x₂) =1Department A Hours2Product 2Xirdnji dpj ≥ 0, for i = 1, 2 and j = 1, 2, 3(b) Solve the model formulated in part (a) using the graphical goal programming procedure and determine the profit (in dollars).(C$2at (x₁, x₂) =15(c) Suppose that the firm ignores the workload fluctuations and considers the 350 hours in department A and the 1,000 hours in department B as the maximum available.Formulate linear programming problem to maximize profit subject to these constraints.Department B Hoursx, ≥ 0, for i = 1, 2Find the optimal solution (in dollars) to this linear program.=C(d) Reconsider part (a) assuming that the priority level 1 goal is goal 3 and the priority level 2 goals are goals 1 and 2; as before, assume that goals 1 and 2 are equallyimportant. Solve this revised problem using the graphical goal programming procedure and determine the profit (in dollars).at (x₁, x₂) =

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Answered: The L. Young & Sons Manufacturing…

Management, Loose-Leaf Version

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ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

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1.3 This year, Benson, Inc., will produce 57,600 hot water heaters at its plant in Yuiee, Florida, in order to meet expected głobal demand. To accomplish this, each laborer at the Yulee plant will work 160 hours per month. If the labor productivity at the plant is 0.15 hot water heaters per labor-hour, how many laborers are employed at the plant?
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor: 425 hours per day @ $ 12.50 per hour Raw Material: 20,000 pounds per day @ $ 1.50 per pound Energy: $ 5,000 per day Capital: $ 10,250 per day a) Labor productivity per labor hour for these tires = enter your response here tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = enter your response here tires/dollar (round your response to four decimal places). c) The percent change in multifactor productivity if Fok can reduce the energy bill by $ 1,000 per day without cutting production or changing any other inputs = enter your response here % (enter your response as a percentage rounded to two decimal places).…
Lillian Folk is president of Lakefront Manufacturing, a producer of bicycle tires. Folk makes 1,200 tires per day with the following resources: Labor: 425 hours per day @ $12.50 per hour Raw Material: 20,000 pounds per day @ $1.00 per pound Energy: $5,000 per day Capital: $10,000 per day Labor productivity per labor hour for these tires = ___ tires/labor hour (round your response to two decimal places).
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= Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: 400 hours per day @ $12.50 per hour 20,000 pounds per day @ $1.00 per pound $5,250 per day $10,250 per day a) Labor productivity per labor hour for these tires = Labor: Raw Material: Energy: Capital: tires/labor hour (round your response to two decimal places). a
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: Labor: 400 hours per day @ $12.00 per hour Raw Material: 20,000 pounds per day @ $1.00 per pound Energy: $5,250 per day Capital: $10,000 per day a) Labor productivity per labor hour for these tires = 2.50 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = __ tires/dollar (round your response to four decimal places).
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: Labor: 400 hours per day @ $12.50 per hour 20,000 pounds per day @ $1.00 per pound $5,000 per day $10,000 per day Raw Material: Energy: Capital: Labor productivity per labor hour for these tires = tires/labor hour (round your response to two decimal places).
5. Discuss the Resource-Based View (RBV) in strategic management.
1.9 David Upton is president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1,000 tires per day with the following resources: 400 hours per day @ $12.50 per hour 20,000 pounds per day @ $1 per pound $5,000 per day $10,000 per đay Labor: Raw material: Energy: Capital costs: a) What is the labor productivity per labor-hour for these tires at Upton Manufacturing? b) What is the multifactor productivity for these tires at Upton Manufacturing? c) What is the percent change in multifactor productivity if Upton can reduce the energy bill by $1,000 per day without cutting pro- duction cr changing any other inputs? K
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The L. Young & Sons Manufacturing Company produces two products, which have the following profit and resource requirement characteristics. Characteristic Profit/unit Dept. A hours/unit Product 1 $4 1 Product 2 $2 1