Question: How to solve this using Linear Programming Method proposal is a good idea? Explain briefly. 11-40 Theory of constraints, contribution margin, sensitivity analysis. Talking Toys


How to solve this using Linear Programming Method
proposal is a good idea? Explain briefly. 11-40 Theory of constraints, contribution margin, sensitivity analysis. Talking Toys (TT) produces dolls in two processes: molding and assembly. TT is currently producing two models: Chatty Chelsey and Talking Tanya. Production in the molding department is limited by the amount of materials available. Production in the assembly department is limited by the amount of trained labor available. The only variable costs are materials in the molding department and labor in the assembly department. Following are the requirements and limitations by doll model and department: Chatty Chelsey Talking Tanya Materials/Labor Available Cost Molding Materials 2 pounds per doll 3 pounds per doll 36,000 pounds $8 per pound Assembly Time 15 minutes per doll 20 minutes per doll 8,500 hours $12 per hour Selling Price $39 per doll $50 per doll The following requirements refer only to the preceding data. There is no connection between the requirements. 1. If there were enough demand for either doll, which doll would IT produce? How many of these dolls would it make and sell? Answer part one of 11-40 using Linear Programming method (ignore part 2,3, and 4 of the problem). You have to follow the steps that I explained in class. Make sure to include your graph
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