A Manufacturer Makes Two Types of Rubber, Butadiene and Polyisoprene

question 46

Essay

A manufacturer makes two types of rubber, Butadiene and Polyisoprene. The plant has two machines, Machine-1 and Machine-2, which are used to make the rubber strips.Manufacturing one strip of Butadiene requires 2.75 hours on Machine-1 and 3 hours on Machine-2. Processing one strip of Polyisoprene, takes 3.5 hours on Machine-1 and 4 hours on Machine-2. Machine-1 is available 180 hours per month, and Machine-2 is available 200 hours per month.Formulate an all-integer mathematical model that will determine how many units of each type of rubber should be produced to maximize profits if the profit contributions of Butadiene and Polyisoprene are $20 and $26, respectively.

Recognize the roles and responsibilities of workplace parties in maintaining health and safety, including occupational health and safety inspectors.

Understand the concept of net present value (NPV) and its application in evaluating investment opportunities.

Calculate internal rates of return (IRR) for various investments and comprehend its implications.

Determine the initial investment required for projects using cash inflow and discount factors.

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Definitions:

African-Americans

People in the United States who have ancestry from the black racial groups of Africa.

Society

A group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Culture

The shared values, traditions, norms, customs, arts, history, folklore, and institutions of a group of people that are passed from one generation to another.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.