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.
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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.
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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?You are the president of XYZ Manufacturing company. You have recently learned about the following issue: A month ago, the company’s general manager (GM) told one of the line managers to produce an extra 15,000 units of a product so that there would be inventory in stock for the next time the item is ordered. Last week, the GM scolded the line manager for having 15,000 units of the item in stock. The GM told the line manager that producing excess inventory costs the company money and should never be done. The GM then puts the line manager on a performance plan. This is not the first time you have heard about the GM telling an employee to do one thing only to criticize him or her for doing it later. This employee feels very frustrated by this, but does not want to make a formal complaint because she has seen other employees lose their jobs or get demoted for questioning the GM. Create an outline that proposes a leadership solution to this issue. The outline should address the following:…
- The formula to compute the Break-Even Analysis is QBE = F/ (SP - VC). Select one: True FalseA retailer is considering two possible definitions of “in stock”:I. A product is in stock if it has at least one unit on hand at the end of the day.II. A product is in stock if it has satisfied all demand during a day.For a fixed order-up-to level, which definition yields the higher in-stock probability? a. Definition I because if one unit is on hand, then all demand must have been satisfied.b. Definition II because the firm is more likely to satisfy all demand than to end theday with one unit on hand.c. Definition II because if all demand is satisfied, then there must be some inventory left over.d. Either one is possible because it will depend on the particular order-up-to policychosen, the distribution function of demand, and the lead timeA firm sells two products. Product R sells for $20; its variable cost is $6. Product S sells for $50; its variable cost is $30. Product R accounts for 60 percent of the firm’s sales, while S accounts for 40 percent. The firm’s fixed costs are $4 million annually. Calculate the firm’s break-even point