The Deeper Furniture makes two products: table and chairs, which must be processed through the assembly and finishing departments. Assembly department is available for 60 hours and in every production period, while the finishing department is available for 48 hours of work. Manufacturing one (1) table requires 4 hours in the assembly and 2 hours in the finishing. Each chair requires 2 hours in the assembly and 4 hours in the finishing. One table contributes P180 to profit, while a chair contributes P100. The problem is to determine the number of tables and chairs to make per production period in order to maximize the profit. Determine the following: A. Define the objective function, formulate the constraints, and graph the system. B. Determine and write the feasible comer points and corresponding profit and the optimal solution. OWN SOLUTIONS FOR UPVOTE. DO NOT USE AI OR ELSE DOWNVOTE.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
The Deeper Furniture makes two products: table and chairs, which must be processed through the assembly and finishing departments. Assembly department is available for 60 hours and in every production period, while the finishing department is available for 48 hours of work.
Manufacturing one (1) table requires 4 hours in the assembly and 2 hours in the finishing. Each chair requires 2 hours in the assembly and 4 hours in the finishing. One table contributes P180 to profit, while a chair contributes P100. The problem is to determine the number of tables and chairs to make per production period in order to maximize the profit.
Determine the following:
A. Define the objective function, formulate the constraints, and graph the system.
B. Determine and write the feasible comer points and corresponding profit and the optimal solution.
OWN SOLUTIONS FOR UPVOTE. DO NOT USE
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