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Project Two Part Four (16 points) Flash Electronics Company produces a variety of electronic equipment. One of the plants produces two laser printers: the deluxe
| Project Two Part Four (16 points) | |||||||||
| Flash Electronics Company produces a variety of electronic equipment. One of the plants produces two laser printers: the deluxe and the regular. | |||||||||
| The demand for the printers is 1,000 units of the deluxe and 2,000 units of the regular. The deluxe printer is priced at $900 and the regular printer is priced at $750. | |||||||||
| The materials cost is $530 for the deluxe printer and $410 for the regular printer. In addition, the company has the following information for the four | |||||||||
| manufacturing processes (setups, machining, engineering, and packing) showing the amount of time (in minutes) required for each printer for each process, | |||||||||
| and the total minutes of time available for each process. | |||||||||
| Time Required/unit | Time Required/unit | Time | |||||||
| Name | Deluxe | Regular | Available | ||||||
| Setups | 30 | 20 | 80,000 | ||||||
| Machining | 90 | 60 | 220,000 | ||||||
| Engineering | 120 | 80 | 250,000 | ||||||
| Packing | 30 | 40 | 120,000 | ||||||
| Required: | |||||||||
| 1. Which process(es), if any, are constraints for the current level of demand? | |||||||||
| 2. Given any constraints identified in part (1) above, determine the best production and sales plan for the two types of tables. | |||||||||
| This will be accomplished by performing all three steps based upon the structure below: (1) Identify the constraint (2) Identify the Most Profitable Product | |||||||||
| (3)Identify the Most Profitable Product Mix | |||||||||
| Answer to Part One: | |||||||||
| Answer to Part Two: | |||||||||
| Step One: Identify the Constraint - Total Time Required for Each Activity for Given Demand | |||||||||
| Time | Slack | ||||||||
| Deluxe | Regular | Total Time | Available | Time | |||||
| Setups | |||||||||
| Machining | |||||||||
| Engineering | |||||||||
| Packing | |||||||||
| Step Two: Identify the Most Profitable Product | |||||||||
| Deluxe | Regular | ||||||||
| Price | |||||||||
| Materials Cost | |||||||||
| Throughput Margin | |||||||||
| Constraint Time | |||||||||
| Throughput/Time | |||||||||
| Step Three: Identify the Most Profitable Product Mix | |||||||||
| Deluxe requirement | |||||||||
| Regular requirement | |||||||||
| Project Two Part Four (16 points) | |||||||||
| Flash Electronics Company produces a variety of electronic equipment. One of the plants produces two laser printers: the deluxe and the regular. | |||||||||
| The demand for the printers is 1,000 units of the deluxe and 2,000 units of the regular. The deluxe printer is priced at $900 and the regular printer is priced at $750. | |||||||||
| The materials cost is $530 for the deluxe printer and $410 for the regular printer. In addition, the company has the following information for the four | |||||||||
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