Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 2 Optimization (50 points) The Computer Compan The Management of the Computer Company is trying to determine the optimal weekly production amoun Hardware Assembly
Problem 2 Optimization (50 points) The Computer Compan The Management of the Computer Company is trying to determine the optimal weekly production amoun Hardware Assembly amount of the two laptops over the coming plannin Product (hours/unit Laptop 1 Labor-Hours Available Department Laptop 2 Software Instalation Testin 3.5 2 120 56 50 3 eriod. The information concerning labor availability, labor utilization, and product profitability is given in the table on the right. Neither laptop should account for more than 60% of the entire production Profit contribution/unit $305 $155 a) Determine the optimal production quantities b) If overtime can be scheduled, which department would vou recommend for scheduling overtime? How much would you be willing to pay per hour of overtime in each department? c) Do you need to revise your production plan if profit per unit of Laptop 1 goes down from $305 to $295. What happens with the profit? d) An engineer is willing to work two extra hours in testing for a pay $50 per hour. Is it profitable to higher an engineer? Problem 2 Optimization (50 points) The Computer Compan The Management of the Computer Company is trying to determine the optimal weekly production amoun Hardware Assembly amount of the two laptops over the coming plannin Product (hours/unit Laptop 1 Labor-Hours Available Department Laptop 2 Software Instalation Testin 3.5 2 120 56 50 3 eriod. The information concerning labor availability, labor utilization, and product profitability is given in the table on the right. Neither laptop should account for more than 60% of the entire production Profit contribution/unit $305 $155 a) Determine the optimal production quantities b) If overtime can be scheduled, which department would vou recommend for scheduling overtime? How much would you be willing to pay per hour of overtime in each department? c) Do you need to revise your production plan if profit per unit of Laptop 1 goes down from $305 to $295. What happens with the profit? d) An engineer is willing to work two extra hours in testing for a pay $50 per hour. Is it profitable to higher an engineer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started