Question: 1 . Optimal manufacturing You are a manager on a fully automated factory building rocket engines. Each rocket engine requires multiple parts: 1 unit of

1. Optimal manufacturing
You are a manager on a fully automated factory building rocket engines. Each rocket engine requires multiple parts: 1 unit of part A,2 units of part B and 4 units of part C. The cost of materials for each part is following: $20 for part A, $15 for part B and $10 for part C. You sell your rocket engines for $300 each.
You have two machines working for you 24 hours per day, 7 days a week. These machines can do any parts; however, they are not equally good in everything. Machine 1 takes 3 hours to make part A,2 hours to make part B, and only 30 minutes to make part C. Machine 2 takes 2 hours to make part A,1 hour to make part B, and 1 hour to make part C.
As any manager you want to maximise your profit. How would you do that and how high it can go?
Use excel to solve this problem and report should be brief but have all attributes of a proper business report. As there are four independent and absolutely disconnected problems, you dont need one global introduction and then a conclusion.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!