StudyXY
RegisterLog in

MGT 420 ASSIGNMENT 1

This Solved Assignment covers key management concepts in MGT 420. Download now!

Chloe Harris
Contributor
4.1
40
6 months ago
Preview (2 of 5 Pages)
100%
Purchase to unlock

Page 1

MGT 420 ASSIGNMENT 1 - Page 1 preview image

Loading page ...

MGT 420ASSIGNMENT 11.Logan, Ltd. makes two products, tables and chairs, which must be processed through assembly andfinishing departments. Each table requires5hours to assemble and3hours to finish, but each chairrequires2hours to assemble and5hours to finish. Assembly department has80 hours available, andfinishing department can handle up to90 hours of work. The company wants to see at least5chairsproduced during the production.The production of chairsshould be more than or equal tothe productionof tables.Each table yields a profit of $8, and each chair can be sold for a profit of $4.a. Show the feasible regiongraphically (Draw a graph by using MS WORD).b. What are the extreme points of the feasible region?c. Find the optimal solution using the graphical method.d. Are there any slack values? Are there any surplus values?e. Compute the shadow pricesofeachconstraint.Answer:Problem Breakdown:Logan, Ltd. produces two products—tables and chairs. We need to determine the number of tables (T) andchairs(C) to produce to maximize profit while considering various constraints. Here's the information provided:•Time requirements for processing:oTables: 5 hours to assemble, 3 hours to finishoChairs: 2 hours to assemble, 5 hours to finish•Available time:oAssembly department: 80 hoursoFinishing department: 90 hours•Profit:oProfit per table = $8oProfit per chair = $4•Constraints:oAt least 5 chairs should be produced: C≥5C\geq 5oThe number of chairs produced should be greater than or equal to the number of tables: C≥TC\geq ToTime constraints:▪5T + 2C ≤ 80 (Assembly department constraint)▪3T + 5C ≤ 90 (Finishing department constraint)a. Feasible Region Graphically:To create the graph, plot the inequalities on a graph. Use the following steps:1.Graph theassembly constraint: 5T+2C≤805T + 2C\leq 80oRewrite for CC: C=80−5T2C =\frac{80-5T}{2}2.Graph the finishing constraint: 3T+5C≤903T + 5C\leq 90oRewrite for CC: C=90−3T5C =\frac{90-3T}{5}3.Add the other constraints:oC≥5C\geq 5oC≥TC\geq T4.Plot the feasible region formed by these inequalities.You can use MS Word or Excel to plot these graphs. The feasible region will be the area bounded by the lines ofthese inequalities.b. Extreme Points of the Feasible Region:To determine the extreme points of the feasible region, solve the system of equations formed by the intersection ofthe boundary lines of the constraints. The extreme points represent potential solutions. These points are where theconstraints intersect.The system of equations that we need to solve to find the intersections is:1.5T+2C=805T + 2C = 80 (Assembly constraint)

Page 2

Preview Mode

This document has 5 pages. Sign in to access the full document!

Study Now!

XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat

Document Details

University
University of Toronto, Mississauga
Course
MGT 420
Subject
Business Management

Related Documents

View all
Solved Assignments

CIS 337 Unit 7 Assignment Final Project Part IV Pr

CIS 337 final project presentation for stakeholders outlining a WAN proposal for a growing organization. Covers network planning, topology, security, and connectivity to support national and international expansion.

Class Notes

Analysis of Leadership in Monster Inc

In Monsters, Inc., leaders reflect Path-Goal Theory: Sulley shifts from supportive to achievement-oriented, while Waternoose is directive—each showing strengths, flaws, and growth paths.

Class Presentation

Evaluation of Alphabet's Mission, Vision, and 8-29

Alphabet Inc.'s mission is to organize the world's information and make it universally accessible and useful . Their vision is to create a future where technology improves lives and solves global challenges.

Class Notes

Boundless Management

Global corporations (MNCs) operate in multiple countries, using economies of scale and scope to grow revenue and cut costs. They face challenges like ethics and leadership while targeting fast-growing markets such as China and India.

Solved Assignments

Uncovering the Martha Stewart Tax Scandal Insider

Summary of Martha Stewart's insider trading and tax evasion scandal involving ImClone stock in 2001. She was convicted of conspiracy, obstruction, lying, and failing to pay \$220K in taxes on her NY home.

Class Notes

Boundless Business

Learn about the three key management levels—top, middle, and low—in a business hierarchy. Understand their roles, responsibilities, and how they work together to lead, plan, and supervise within an organization.

Solved Assignments

JetBlue Airlines Case Analysis

JetBlue Airlines case study analyzing market forces, competition, and strategy using Mullin's framework, Porter's Five Forces, PESTEL, VRIO, and Business Model Canvas for strategic insights.

Class Notes

Effective Speaker Notes Template for BUS 210 Prese

Presentation outlines SNHU Pet Supply’s mission to provide quality pet products and emphasizes informal leadership to foster a positive work environment and achieve company goals.

Class Notes

Leading as a Function of Management

Explore the essential management function of leading—learn how motivation, communication, decision-making, and coaching drive team success and organizational growth through effective leadership strategies.

Class Notes

McDonald's Q4 Earnings U

McDonald's U.S. sales fell 1.4% in Q4 due to lower customer spending and an E. coli outbreak. Despite this, strong international performance and global expansion plans lifted shares 4.8%, making McDonald's the top Dow performer on the day.