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Consider a manufacturing supplier which has to decide about the optimal cutting speed of a specific part. The Engineering department has issued that the former

Consider a manufacturing supplier which has to decide about the optimal cutting speed of a specific part. The Engineering department has issued that the former experiments propose the optimum cutting speed for minimum cost of production will be 250 m/s and the optimum cutting speed for minimum time of production will be 450 m/s. Currently the market situation is competitive and also the company requires a profit making strategy for the first 3 months. You are asked for a strategy with weight of 20% of competitive advantage and 80% of profit margin. For the second 3-month, we expect a very highly competitive market. what are your recommended optimal cutting speeds for first and then second 3-month period? Your proposed Optimal Cutting speed for the second 3-Month period

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