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Suppose you are manufacturing Estes Rockets. There are 5 different product types based on customer skills: Beginner, Intermediate, Advanced, Expert, and Master. The Table below
Suppose you are manufacturing Estes Rockets. There are 5 different product types based on customer skills: Beginner, Intermediate, Advanced, Expert, and Master. The Table below provides information on price and unit cost of each product type. (Note: this table is in your SCMT Quiz 4 Excel file). Product Beginner Intermediate Advanced Expert Master price $14 $20 $32 $48 $65 cost $10 $15 $29 $40 $58 You discover a bottleneck at the fin assembly stage. The time at this bottleneck for each product type is: 2 minutes for Beginner, 2 minutes for Intermediate, 4 minutes for Advanced, 10 minutes for Expert, and 10 minutes for Master. In order to maximize profits, how should you prioritize these product types, from 1 being first priority to 5 being last?1: Master, 2: Expert, 3: Advanced, 4: Intermediate, 5: Beginner 1: Intermediate, 2: Beginner, 3: Expert, 4: Advanced, 5: Master 1: Master, 2: Expert, don't product any other types 1: Expert, 2: Master. 3: Intermediate, 4: Beginner, 5: Advanced
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