Management report based on quantitative method of analysis
Title: Management report based on quantitative method of analysis
Category: /Business & Economy/Management
Details: Words: 1182 | Pages: 4 (approximately 235 words/page)
Management report based on quantitative method of analysis
Category: /Business & Economy/Management
Details: Words: 1182 | Pages: 4 (approximately 235 words/page)
I/INTRODUCTION
This report based on quantitative method of analysis to examine manufacturing figures and to find solutions to fulfil the contract at minimum cost.
II/ANALYSED DETAILS
1. Minimise the cost: How much to buy in - how much to produce?
Both vats of type A and type B take 2 hours to dye a quantity of fibre that can eventually be turned sufficient fibre into yarn to make a metre of standard width cloth. We
showed first 75 words of 1182 total
You are viewing only a small portion of the paper.
Please login or register to access the full copy.
Please login or register to access the full copy.
showed last 75 words of 1182 total
B take 2 hours to turn sufficient fibre into yarn such that one metre of standard width cloth can be made. There are 600 hours available for vats of type A and 800 hours available for vats of type B so there are 1400 hours available for vats of both types.
Suppose every week we can make X metres, buy in Y metres of yarn
2*X <= 1400
4*X <=1280
5*X <=1700
X, Y>=0
Minimise 15*X+21*Y
EXCEL SOLVER