2-36. A gear manufacturer produces gears for a ma-chine. Two processes, casting and forging, are possiblefor manufacturing, and the parameters of each processare as followsCastingForgingProduction rate80 gears per hour10 hours per day40 gears per hour16 hour per dayDaily production timePercent of partsrejected based onvisual inspection(20%10%Assume that the daily demand for gears allowsall defect-free gears to be sold. Additionally tested orrejected gears cannot be sold.Find the process that maximizes profit per day ifeach part is made from $5 worth of material and can besold for $70) Both processes are fully automated, andvariable overhead cost is charged at the rate of $90 perhour.

gear produce chine. Two processes, casting and forging, are possible for manufacturing, and the parameters of each process are as follows Casting Forging Production rate 80 gears per hour Daily production time 10 hours per day (20% 40 gears per hour 16 hour per day Percent of parts 10% rejected based on visual inspection Assume that the daily demand for gears allowe all defect-free gears to be sold. Additionally tested or rejected gears cannot be sold. Find the process that maximizes profit per day if mach part is made from $5 worth of material and can be old for$70) Both processes are fully automated, and rariable overhead cost is charged at the rate of $90 per our.

gear produce chine. Two processes, casting and forging, are possible for manufacturing, and the parameters of each process are as follows Casting Forging Production rate 80 gears per hour Daily production time 10 hours per day (20% 40 gears per hour 16 hour per day Percent of parts 10% rejected based on visual inspection Assume that the daily demand for gears allowe all defect-free gears to be sold. Additionally tested or rejected gears cannot be sold. Find the process that maximizes profit per day if mach part is made from $5 worth of material and can be old for$70) Both processes are fully automated, and rariable overhead cost is charged at the rate of $90 per our.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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