An automated turning machine is the current constraint at Jordison Corporation. Three products use this constrained resource. Data concerning those products appear below:

LN JQ RQ
Selling price per unit $ 161.72 $ 350.32 $ 468.25
Variable cost per unit $ 118.94 $ 241.42 $ 342.92
Minutes on the constraint 2.30 6.60 8.30

Rank the products in order of their current profitability from most profitable to least profitable. In other words, rank the products in the order in which they should be emphasized.

Product                              LN          JQ            RQ

Ranking                            1st        2nd        3rd

Explanation:

Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource .

Jordision should rank rank its products using contribution per minute of constraint

Ths is done as follows:

\Product                              LN          JQ            RQ

Selling price                       161.72    50.32     468.25

Variable cost                    (118.94)   (241.42)   (342.92)

Contribution (a)                        42.78      108.9    125.33

Minute        (b)                         2.30      6.60      8.30

Contribution/minute($)a/b          18.616.5  15.1

Ranking                                       1st        2nd        3rd

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; synthetic production system;