BUSINESS ANALYTICS

Speedy Ent manufactures mountain bikes and sport bikes. It makes a profit of RM 40 on each mountain bike and RM 60 on each sport bike. Each mountain bike requires two hours of production and one hour of assembly while each sport bike requires two hours of production and three hours of assembly. The company allocates up to 300 hours of production time and 240 hours of assembly time each week. (a) Write down the Objective function and Constraints equation. (b) Using QM for windows, determine the production levels and profit that will be earned by this company and show the optimal point in a graph. (c) Conduct a sensitivity analysis and interpret the result. Speedy Ent manufactures mountain bikes and sport bikes. It makes a profit of RM 40 on each mountain bike and RM 60 on each sport bike. Each mountain bike requires two hours of production and one hour of assembly while each sport bike requires two hours of production and three hours of assembly. The company allocates up to 300 hours of production time and 240 hours of assembly time each week. (a) Write down the Objective function and Constraints equation. (b) Using QM for windows, determine the production levels and profit that will be earned by this company and show the optimal point in a graph. (c) Conduct a sensitivity analysis and interpret the result