Question: * 3 - 6 9 . Consider the TOYCO model. ( a ) Suppose that any additional time for operation 1 beyond its current capacity
Consider the TOYCO model.
a Suppose that any additional time for operation beyond its current capacity of mins per day must be done on an overtime basis at $ an hour. The hourly cost includes both labor and the operation of the machine. Is it economically advantageous to use overtime with operation
b Suppose that the operator of operation has agreed to work hrs of overtime daily at $ an hour. Additionally, the cost of the operation itself is $ an hour. What is the net effect of this activity on the daily revenue?
c Is overtime needed for operation
d Suppose that the daily availability of operation is increased to mins. Any overtime used beyond the current maximum capacity will cost $ an hour. Determine the new optimum solution, including the associated net revenue.
e Suppose that the availability of operation is decreased by mins a day and that the hourly cost of the operation during regular time is $ Is it advantageous to decrease the availability of operation
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