Question: MGMT 6108: Quantitative Methods for Managers 4. [20 points) Winkler Furniture manufactures two different types of china cabinets: a French Provincial model and a Danish

MGMT 6108: Quantitative Methods for Managers 4.
MGMT 6108: Quantitative Methods for Managers 4. [20 points) Winkler Furniture manufactures two different types of china cabinets: a French Provincial model and a Danish Modern model. Each cabinet produced must go through three departments: carpentry, painting, and finishing. The table on this page contains all relevant information concerning production times per cabinet produced and production capacities for each operation per day, along with net revenue per unit produced. The firm has a contract with an Indiana distributor to produce a minimum of 300 of each cabinet per week (or 60 cabinets per day). Owner Bob Winkler would like to determine a product mix to maximize his daily revenue. CABINET STYLE French Provincial Danish Modern Department capacity (hours) NET CARPENTRY PAINTING FINISHING REVENUE/CABINET (HOURS/CABINET) (HOURS/CABINET) (HOURS/CABINET) ($) 3 1.5 0.75 28 2 1 0.75 25 360 200 125 a. Formulate as an LP problem. b. Solve using an LP software program or spreadsheet. What is the optimal product mix? What is the expected revenue? c

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 General Management Questions!