White & Becker Tools (W&B) requires 2,000 electric motors next month for its product line of weed
Question:
The components that are produced by W&B must pass through three departments: fabrication, molding, and inspection. The number of hours each component requires in each department and the total number of hours available next month in each department are shown in the following table:
In order to determine the number of components that will be produced and the number that will be purchased, W&B has set the following goals, in rank order:
Rank 1: The total costs to produce and purchase components next month should not exceed $14,000.
Rank 2: Idle time in the fabrication department should be minimized.
Rank 3: At least 200 coils should be purchased from the vendor next month.
Determine the number of components produced and purchased next month, according to these ranked goals.
Step by Step Answer:
Managerial Decision Modeling With Spreadsheets
ISBN: 718
3rd Edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair