Examlex

Solved

Project 2.1 Joey Koons Runs a Small Custom Computer Parts Company. as Company

question 73

Essay

Project 2.1
Joey Koons runs a small custom computer parts company. As a sideline he offers customized and pre-built computer system packages. In preparation for the upcoming school year, he has decided to offer two custom computer packages tailored for what he believes are current student needs. System A provides a strong computing capability at a reasonable cost while System B provides a much more powerful computing capability, but at a higher cost. Joey has a fairly robust parts inventory but is concerned about his stock of those components that are common to each proposed system. A portion of his inventory, the item cost, and inventory level is provided in the table below. Project 2.1 Joey Koons runs a small custom computer parts company. As a sideline he offers customized and pre-built computer system packages. In preparation for the upcoming school year, he has decided to offer two custom computer packages tailored for what he believes are current student needs. System A provides a strong computing capability at a reasonable cost while System B provides a much more powerful computing capability, but at a higher cost. Joey has a fairly robust parts inventory but is concerned about his stock of those components that are common to each proposed system. A portion of his inventory, the item cost, and inventory level is provided in the table below. The requirements for each system are provided in the following table: Each system requires assembly, testing and packaging. The requirements per system built and resources available are summarized in the table below. Joey is uncertain about product demand. In the past he has put together similar types of computer packages but his sales results vary. As a result is unwilling to commit all his in-house labor force to building the computer packages. He is confident he can sell all he can build and is not overly concerned with lost sales due to stock-outs. Based on his market survey, he has completed his advertising flyer and will offer System A for $ 1250 and will offer system B for $ 2325. Joey now needs to let his workers know how many of each system to build and he wants that mix to maximize his profits. Formulate an LP for Dave's problem. Solve the model using the graphical method. What is Dave's preferred product mix? What profit does Dave expect to make from this product mix? The requirements for each system are provided in the following table: Project 2.1 Joey Koons runs a small custom computer parts company. As a sideline he offers customized and pre-built computer system packages. In preparation for the upcoming school year, he has decided to offer two custom computer packages tailored for what he believes are current student needs. System A provides a strong computing capability at a reasonable cost while System B provides a much more powerful computing capability, but at a higher cost. Joey has a fairly robust parts inventory but is concerned about his stock of those components that are common to each proposed system. A portion of his inventory, the item cost, and inventory level is provided in the table below. The requirements for each system are provided in the following table: Each system requires assembly, testing and packaging. The requirements per system built and resources available are summarized in the table below. Joey is uncertain about product demand. In the past he has put together similar types of computer packages but his sales results vary. As a result is unwilling to commit all his in-house labor force to building the computer packages. He is confident he can sell all he can build and is not overly concerned with lost sales due to stock-outs. Based on his market survey, he has completed his advertising flyer and will offer System A for $ 1250 and will offer system B for $ 2325. Joey now needs to let his workers know how many of each system to build and he wants that mix to maximize his profits. Formulate an LP for Dave's problem. Solve the model using the graphical method. What is Dave's preferred product mix? What profit does Dave expect to make from this product mix? Each system requires assembly, testing and packaging. The requirements per system built and resources available are summarized in the table below. Project 2.1 Joey Koons runs a small custom computer parts company. As a sideline he offers customized and pre-built computer system packages. In preparation for the upcoming school year, he has decided to offer two custom computer packages tailored for what he believes are current student needs. System A provides a strong computing capability at a reasonable cost while System B provides a much more powerful computing capability, but at a higher cost. Joey has a fairly robust parts inventory but is concerned about his stock of those components that are common to each proposed system. A portion of his inventory, the item cost, and inventory level is provided in the table below. The requirements for each system are provided in the following table: Each system requires assembly, testing and packaging. The requirements per system built and resources available are summarized in the table below. Joey is uncertain about product demand. In the past he has put together similar types of computer packages but his sales results vary. As a result is unwilling to commit all his in-house labor force to building the computer packages. He is confident he can sell all he can build and is not overly concerned with lost sales due to stock-outs. Based on his market survey, he has completed his advertising flyer and will offer System A for $ 1250 and will offer system B for $ 2325. Joey now needs to let his workers know how many of each system to build and he wants that mix to maximize his profits. Formulate an LP for Dave's problem. Solve the model using the graphical method. What is Dave's preferred product mix? What profit does Dave expect to make from this product mix? Joey is uncertain about product demand. In the past he has put together similar types of computer packages but his sales results vary. As a result is unwilling to commit all his in-house labor force to building the computer packages. He is confident he can sell all he can build and is not overly concerned with lost sales due to stock-outs. Based on his market survey, he has completed his advertising flyer and will offer System A for $ 1250 and will offer system B for $ 2325. Joey now needs to let his workers know how many of each system to build and he wants that mix to maximize his profits.
Formulate an LP for Dave's problem. Solve the model using the graphical method. What is Dave's preferred product mix? What profit does Dave expect to make from this product mix?

Definitions:

Chocolate-Covered Peanuts

A snack or confectionery consisting of peanuts that are coated in a layer of chocolate.

Surplus

A scenario where the supply of goods surpasses what is being demanded at the present price level.

Chocolate-Covered Peanuts

Chocolate-covered peanuts are a confectionery or snack consisting of peanuts coated in a layer of chocolate, combining sweet and salty flavors.

Price Per Bag

The cost associated with purchasing a single bag of a product, often used in the context of groceries or bulk items.

Related Questions

Q1: The main difference between shadow prices and

Q18: What is missing from transportation problems compared

Q24: Which of the following describes Data Envelopment

Q28: A number of practical decision problems in

Q34: The "invisible hand" refers to the:<br>A) fact

Q44: What are the three common elements of

Q49: Identifying the real problems faced by the

Q51: A company is developing its weekly production

Q55: Objective cell, variable cells and constraint cells

Q66: An investor is developing a portfolio of