The Westfall Company Has a Contract to Produce 10,000 Garden

question 55

Essay

The Westfall Company has a contract to produce 10,000 garden hoses for a large discount chain.Westfall has four different machines that can produce this kind of hose.Because these machines are from different manufacturers and use differing technologies,their specifications are not the same. $$\begin{array} { c c c c } \text { Machine } & \begin{array} { c } \text { Fixed Cost to Set } \\\text { Up Production Run }\end{array} & \begin{array} { c } \text { Variable Cost } \\\text { Per Hose }\end{array} & \text { Capacity } \\\hline 1 & 750 & 1.25 & 6000 \\2 & 500 & 1.50 & 7500 \\3 & 1000 & 1.00 & 4000 \\4 & 300 & 2.00 & 5000\end{array}$$
a.This problem requires two different kinds of decision variables. Clearly define each kind.
b.The company wants to minimize total cost. Give the objective function.
c.Give the constraints for the problem.
d.Write a constraint to ensure that if machine 4 is used, machine 1 cannot be.

Recognize innovation within an existing business firm.

Understand the concept and sources of venture capital.

Define and identify examples of intrapreneurs.

Discriminate between spin-off firms and original firms.

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Definitions:

Abbreviation

A shortened form of a word or phrase used to save space or avoid repetition.

Bundle Of His

A collection of heart muscle cells specialized for electrical conductivity that transmit the electrical impulses from the AV node to the ventricles of the heart.

Heart Disease

A range of conditions affecting the heart, including coronary artery disease, arrhythmias, and heart defects.

Abbreviation

A shortened form of a word or phrase, used to simplify communication while retaining the original meaning.