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Math Problem
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Finance/Business Process: Question from Case

Math Problem Instructions:

In class we have covered various aspects of process analysis using data related to the times taken on various activities and the resource capacity available to complete these tasks. Consider an operating system with 9 activities and 3 resource types X, Y and Z. The first three activities, Activities 1, 2 and 3 require 10 minutes/unit each, and the remaining activities require 5 minutes/unit each. Activities 1, 2 and 3 require Resource X; Activities 4, 5 and 6 require Resource Y; and Activities 7, 8 and 9 require Resource Z. Each resource has 2400 minutes of weekly processing time available.

Math Problem Sample Content Preview:

Finance/business process: question from case
Name
Course
Instructor
Date
Question 1
Finance/business process: question from case
JobStationsDemand/WeekProfit MarginA1,2,35020%B1,2,4,6,9,1110050%C9,11,3,1,2,1515070%
2400 minutes of resources available per week
The resource constraints and the market constraints are the two constraints affecting maximum output with resource constraint being the limit of the processing time per week. On the other hand, the market constraint is dependent on the demand for each job. The restricting performance is also necessary to understand the constraints that are restricting the process.
Assuming that stations 1-5 require 5 minutes while 6-10 requires 5 minutes and 11-15 requires 5 extra minutes for processing. Then
Utilization, A= 5*50= 500 extra minutes
Utilization, B=10*100=1,000 extra minutes
Utilization, C= 15*150=2250 extra minutes...
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