a. The profit using Operation 1 is $ 4,237 per day. (Round to the nearest dollar.) The profit using Operation 2 is $ per day. (Round to the nearest dollar.) CO

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter10: Introduction To Simulation Modeling
Section: Chapter Questions
Problem 41P: At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 =...
icon
Related questions
Question

Please answer all with each process, Thank you!

For the production of part R-193, two operations are being considered. The capital investment associated with each operation is identical.
Operation 1 produces 1,600 parts per hour. After each hour, the tooling must be adjusted by the machine operator. This adjustment takes 10 minutes. The machine operator for Operation 1 is paid $19 per hour (this includes fringe benefits).
Operation 2 produces 1,850 parts per hour, but the tooling needs to be adjusted by the operator only once every two hours. This adjustment takes 30 minutes. The machine operator for Operation 2 is paid $11 per hour (this includes fringe benefits).
Assume an 8-hour workday. Further assume that all parts produced can be sold for $0.40 each.
a. Should Operation 1 or Operation 2 be recommended?
b. What is the basic tradeoff in this problem?
a. The profit using Operation 1 is $ 4,237 per day. (Round to the nearest dollar.)
The profit using Operation 2 is $
per day. (Round to the nearest dollar.)
...
Transcribed Image Text:For the production of part R-193, two operations are being considered. The capital investment associated with each operation is identical. Operation 1 produces 1,600 parts per hour. After each hour, the tooling must be adjusted by the machine operator. This adjustment takes 10 minutes. The machine operator for Operation 1 is paid $19 per hour (this includes fringe benefits). Operation 2 produces 1,850 parts per hour, but the tooling needs to be adjusted by the operator only once every two hours. This adjustment takes 30 minutes. The machine operator for Operation 2 is paid $11 per hour (this includes fringe benefits). Assume an 8-hour workday. Further assume that all parts produced can be sold for $0.40 each. a. Should Operation 1 or Operation 2 be recommended? b. What is the basic tradeoff in this problem? a. The profit using Operation 1 is $ 4,237 per day. (Round to the nearest dollar.) The profit using Operation 2 is $ per day. (Round to the nearest dollar.) ...
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,