Business, 20.09.2020 16:01 Lilyy1k

Riverside Industries makes two products and each product is processed in three departments. The time requirements for each product in each department are given below. The profit for each product is also provided as well as the available hours in each department. Product Department A Department B Department C Profit
1 3 4 2 1
2 2 1 2 2
Available Hours 600 400 400
Management wants to achieve three goals. The first two goals are equal in priority.
Priority 1: Produce at least 125 units of product 1.
Priority 1: Produce at least 80 units of product 2.
Priority 2: Achieve a profit of at least 300.
If the second goal was to produce no more than 80 units of product two, the objective function would be:
Min P1d1+ + P1d2-, P2d3-.
Min P1d1- + P1d2-, P2d3+.
Min P1d1- + P1d2+, P2d3-.
Min P1d1- + P1d2-, P2d3-.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 23:30

Starting at age 30, you deposit $2000 a year into an ira account for retirement. treat the yearly deposits into the account as a continuous income stream. if money in the account earns 7%, compounded continuously, how much will be in the account 35 years later, when you retire at age 65? how much of the final amount is interest?

Answers: 2

Answer

Business, 22.06.2019 04:30

Your take on decision making process

Answers: 1

Answer

Business, 22.06.2019 08:40

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Answers: 2

Answer

Business, 22.06.2019 12:50

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400

Answers: 3

Answer

You know the right answer?

Riverside Industries makes two products and each product is processed in three departments. The time...

Questions