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Write a well organised executive summary on the problem below usind word document Problem: Black Office is a new startup company which has been recently engaged the manufacturing of luxury office

Write a well organised executive summary on the problem below usind word document
Problem:

Black Office is a new startup company which has been recently engaged the manufacturing of luxury office furniture. The company produces bookcases, tables and chairs. Each single bookcase, table and chair are respectively sold at $200, $120 and $90. The production of a bookcase requires 5kg of metal, 8kg of wood and 9 hours of labor; a table needs 4kg of metal, 6kg of wood and 7 hours of labor; a chair uses 4kg for both metal and wood, and 5 hours of labor. The weekly supply of resources is limited, 60kg for metal, 100kg for wood and 160 hours of labor. The management department of the company has shown after analyzing the price of row material and labor cost that the manufacturing of a bookcase costs to the company $120; a table costs $60 and a chair cost $40. The owners would like to determine the benefit maximizing strategy for their weekly production.

 

Bookcase

Table

Chair

Metal

5kg

4kg

4kg

Wood

8kg

6kg

4kg

Labor

9h

7h

5h

Production Cost

$120

$60

$40

Selling Price

$200

$120

$90

 

 

Solution

Apr 13 2021 View more View Less

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