Essay Database
Management report based on quantitative method of analysis
Date Submitted: 01/31/2003 06:31:00
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
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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
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