Ikea Benchmarking

I found the solution to the Woo’s problem by using the tools I mentioned above. I converted the problems constraints into inequalities and from there I was able to put all of them onto a graph and find the feasible region. Then from the prices given in the problem I was able to make my first profit line, and was able to find out the

The Break Even Company hopes to break even in the first year producing their new product. The price of its product is $10 per pound; its variable cost is $5 per pound; and its fixed cost is $50 per day.

This paper aims to demonstrate a detailed description of the elements of ‘IKEA’ company based on its famous name in the furniture industry.

To determine the cost of labor to re-work under filled cases, I divided the hourly rate of the employee ($8.50/hr)

Manufacturing the Samba Sneakers cost-effectively is very important for the organization. The best option for the organization would be to manufacture the sneaker with the lowest cost for every 1,000 sneaker produced

What is the goal in optimization? Find the decision variable values that result in the best objective function and 
satisfy all constraints.

15. Agua Company has two service departments, Maintenance and Personnel, as well as two production departments, Mixing and Finishing. Maintenance costs are allocated based on square footage while personnel costs are allocated based on number of employees. The following information has been gathered for the current year:

Enter the input data and start by entering 0 in units produced of frame1-4 as original data:

The standard form for the computer solution of a linear programming problem requires all variables to be to the right and all numerical values to be to the left of the inequality or equality sign

The objective function for a LP model is 3 X1 + 2 X2. If X1 = 20 and X2 = 30, what is the value of the objective function?

= (12,000 x $17) – (12,000 x $8) – (12,000 x $2) – $63,000 – $18,000

Stage 2 Mathematical Applications Interest minimisation on a Loan Occupation Josh Emma Occupation Social Worker Secondary Teacher Wages $1297 per week 1297 X 52 = $67444 per year $1424 per week 1424 X 52 = $74048 per year Tax amount $633,001 – $95,000 per year = $14,760 + $0.42 for each $1.00 over $63,000 67444 – 63000 = 4444 (4444 X .42) + 14760 = $16626.48 tax $633,001 – $95,000 per year = $14,760 + $0.42 for each $1.00 over $63,000 74048 – 63000 = 11048 (11048 X .42) + 14760 = $19400.16 tax Salary after tax 67444 – 16626.48 = $50817.52 after tax 74048 – 19400.16 = $54647.84 after tax Weekly budget of expenses for both Josh and Emma Expenses Price

A) if the right-hand side value of the constraint increases by 1 unit, the objective function value will increase by 5 units

2(X4 + X5 + X6 + X7 + X10 + X11 + X16 + X17 + X18 + X27 + X28) – (X1 + X2 +X3

∏i = (Pe + 40 - 100) x 100 = 100 x Pe –6,000 -------------------- [1]