Furniture produces tables and chairs. Each product must go through three stages of the manufacturing process: assembly, finishing, and inspection. Each table requires 3 hours of assembly, 2 hours of finishing, and 1 hour of inspection. Each chair requires 2 hours of assembly, 2 hours of finishing, and 1 hour of inspection. The profit per table is $120 while the profit per chair is $80. Currently, each week there are 200 hours of assembly time available, 180 hours of finishing time, and 40 hours of inspection time. Linear programming is to be used to develop a production schedule. 1) In a Word document, describe the components of this linear programming model. (10 points)
Manufacturers produce tons of goods every day, all of which impact consumers indirectly or directly. Similar to any industry, the manufacturing industry has specific objectives and corresponding strategies that are designed to improve a company's bottom line. These relate to quality, safety, vendor Hickory selection, problem identification and resolution, and efficiency and costs. When manufacturers do not produce a high-quality product, customers can begin to lose faith in the product and stop buying. Even if a company does an excellent job of sorting poor products from good ones, poor products mean a loss to the company, as the company cannot sell those items. For these reasons, one objective of manufacturing is reducing flaws and maintaining high product standards. Strategies might include weekly product sample reviews, while tactics might include physical tests of the product or visual inspections. $80 per chair
The Linear Programming model (below) was initiated with the idea of Hickory furniture. Hickory furniture goal is to earn at least $120 per table and $80 per table game (not including expenses). This projection will determine if Hickory Furniture should move forward with