Examlex

Solved

Ashley's Manufactures Home Furnishings for Department Stores Ashley Has 3000 Yards of Material in Stock for This

question 4

Short Answer

Ashley's manufactures home furnishings for department stores. Planning is underway for the production of the following items during the next production period:
 Quilts (x1) Blinds (x2) Pillows (x3) Fabric required (yards) (d1)749 Time required (hours) (d2)1.520.5 Packaging material (ounces) (d3)321 Profit (d4)12108\begin{array} { l c c c } & \text { Quilts } \left( x _ { \mathbf { 1 } } \right) & \text { Blinds } \left( \boldsymbol { x } _ { \mathbf { 2 } } \right) & \text { Pillows } \left( x _ { 3 } \right) \\\text { Fabric required (yards) } \left( \boldsymbol { d } _ { \mathbf { 1 } } \right) & 7 & 4 & 9 \\\text { Time required (hours) } \left( \boldsymbol { d } _ { \mathbf { 2 } } \right) & 1.5 & 2 & 0.5 \\\text { Packaging material (ounces) } \left( \boldsymbol { d } _ { \mathbf { 3 } } \right) & 3 & 2 & 1 \\\text { Profit } \left( \boldsymbol { d } _ { \mathbf { 4 } } \right) & 12 & 10 & 8\end{array} Ashley has 3000 yards of material in stock for this production period. Five hundred hours of production time are scheduled and 400 ounces of packaging material is available. Each of these quantities can be adjusted through overtime or extra purchases. Ashley's highest priority is to achieve a profit of $3200. Her second priority is to avoid additional purchases of packaging material. Third, she wants to use all of the scheduled production hours, and fourth, minimize any fabric remaining from the 3000 yards. Note that the deviational variables associated with each item are given in the table.
-What is the profit constraint?


Definitions:

Forbes’s Asia

A business magazine franchise focusing on Asia, offering analysis and insights related to business, finance, economics, and investment in the Asian region.

Social Stratification

The hierarchical arrangement of individuals in a society based on wealth, power, and social status.

Caste System

A form of social stratification characterized by hereditary transmission of a lifestyle which often includes occupation, status in a hierarchy, and customary social interaction and exclusion.

Citizenship Rights

The set of rights guaranteed to each citizen by the country's constitution and laws, including civil, political, and social rights.

Related Questions