LINEAR PROGRAMMING -
Product Mix Problems Section - Interpretation & Use of Computer Output
TASK: USE THE COMPUTER OUTPUTS (1), (2) and (3) TO RESPOND TO THE FOLLOWING QUESTIONS
(A) What is the optimal solution, i.e., how many units of each watch should be produced to maximize daily profits and how much daily profit will the company make?
(B) How much capacity of the Astro Line is used and how much is left over?
(C) How much capacity of the Cosmos Line is used up and how much is left over?
(D) How much capacity of labor in dept. A is used up and how much is left over?
(E) How much capacity of labor in dept. B is used up and how much is left over?
(F) Presently the capacity of ASTRO line is 70 watches per day. Suppose you wanted to increase the production line capacity for the ASTRO line by one unit, what maximum price should you pay for that increment?
(G) Presently the capacity of COSMOS line is 50 watches per day. Suppose you wanted to increase the production line capacity for the COSMOS line by one unit, what maximum price should you pay for that increment?
(H) Presently the capacity of labor hours in dept A is 120 hours per day. Suppose you want to increase that capacity by one hour, what maximum price should you pay for that increment?
(I) In the present optimal solution, of the two production lines, ASTRO and COSMOS, how many are in production (active)?
(J) Suppose the profit margin of the ASTRO watch drops to $90, what will happen to the production lines? (assume all other things stay the same)
(K) Suppose the profit margin of the ASTRO watch drops to $120, what will happen to the production lines? (assume all other things stay the same)
(L) Suppose the profit margin of the COSMOS watch increases to $120, what will happen to the production lines? (assume all other things stay the same)
(M) Suppose the profit margin of the COSMOS watch increases to $250, what will happen to the production lines? (assume all other things stay the same)
PROJECT MGMT
Project Management and control
(a) Draw a project network for the above activities.
(b) Determine which activities are critical
(c) Determine which activities are non-critical and their respective slack times.
(d) How long will the project take to accomplish?
Attachment:- LINEAR PROGRAMMING PROJECT MANAGEMENT.rar