Linear Production : Production Planning
Not what you're looking for?
1.
Production Planning. The Bogard Corporation produces three types of bookcases, which it sells to large office supply companies. The production of each bookcase requires two machine operations, trimming and shaping, followed by assembly, which includes inspection and packaging. All three type require 0.4 hour of assembly time, but the machining operations have different processing times, as shown here, in hours per unit.
Standard Narrow Wide
Timmer 0.2 0.4 0.6
Shaper 0.6 0.2 0.5
Each Machine is available 150 hours per month, and the current size of the assembly department provides capacity of 600 hours. Each bookcase produced yields a unit profit contribution as follows:
Standard Narrow Wide
Profit $8 $6 $10
a. What are the optimal production quantities for the company?
b. What is the pattern in the optimal allocations?
Purchase this Solution
Solution Summary
Solution shows the optimal production quantities for the company and the pattern of the optimal allocations.
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.