A company manufactures two types of lawn mowers: riding mowers and push mowers.The company has the option of manufacturing the mowers in-house or outsourcing the entire operation.In-house manufacturing requires the following four operations: production,assembly,electrical wiring,and final inspection.The following table summarizes the weekly hours of processing time available and the processing time required by each operation.
The company has a weekly demand of 5 riding mowers and 3 push mowers.The company makes its riding mowers in-house for $500 each and its push mower for $200 each.Alternatively,it can outsource its riding and push mowers for $550 and $225 each,respectively.Use Excel to formulate and solve this "make" or "buy" problem.
Definitions:
Extended Observations
A methodical approach to data collection over a prolonged period to gain in-depth insight into behaviors, patterns, or events.
Multiple Intelligences
A theory proposed by Howard Gardner, suggesting that humans have several different ways of processing information and these ways are relatively independent of one another.
Visual Spatial Reasoning
The ability to mentally manipulate 2-dimensional and 3-dimensional figures and to understand spatial relationships in order to solve problems.
Wechsler Intelligence Scale
A standardized test designed to measure human intelligence in various dimensions.
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