Concept explainers
Case summary:
SL Company manufactures different varieties of chemical products utilized by photo-processors. It was bought out by a corporation recently. The managers have been assigned with the task of working jointly to manage the operations efficiently.
The manager of a department is given a weekly financial plan of $11,980 for the manufacturingof three chemical products. The budget is for paying the expenses of labor, materials, and so forth. The manager is looking at maximizing the contribution from the given resources.
To determine: The optimal quantities of products and the necessary quantities of labor materials.
Introduction:
Linear programming:
Linear programming is a mathematical modeling method where a linear function is maximized or minimized taking the various constraints present in the problem into consideration. It is useful in making quantitative decisions in business planning.
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- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,