solution

A company produces two products made from aluminum and copper. The table below gives the unit requirements, the unit production man-hours required, the unit profit and availability of the resources (in tons).

Aluminum

Copper

Man-hours

Unit profit

Product 1 (X1)

1

0

2

50

Product 2 (X2)

1

1

3

60

Available

10

6

24

The problem was solved by the Solver giving the following output:

Optimal Objective Value = 540.00000

Variable

Value

Reduced Cost

X1

6.00000

0.00000

X2

4.00000

0.00000

Constraint

Slack/Surplus

Dual Value

1

0.00000

30.0000

2

2.00000

0.0000

3

0.00000

10.0000

Variable

Objective Coefficient

Allowable Increase

Allowable Decrease

X1

50.00000

10.0000

10.0000

X2

60.00000

15.0000

10.0000

Constraint

RHS Value

Allowable Increase

Allowable Decrease

1

10.00000

2.00000

1.00000

2

6.00000

Infinite

2.00000

3

24.00000

2.00000

4.00000

  1. What is the optimal production schedule?
  2. Within what range for the profit on product 2 will the solution in (a) remain optimal? What is the optimal profit when C2 = 70?
  3. Suppose that the unit profits on X1 and X2 changed simultaneously from 50 to 55 and 60 to 65, respectively. Would the optimal solution change? Explain.
  4. Explain the meaning of the “Dual Values” column. Given the optimal solution, why should the dual value for copper be 0?
  5. What is the increase in the value of the objective function for an extra unit of aluminum?
  6. Man-hours were not figured into the unit profit as it must pay three workers for eight hours of work regardless of the number of man-hour used. What is the dual price for man-hours? Interpret.
  7. On the other hand, aluminum and copper are resources that are ordered as needed. The unit profit coefficients were determined by: Selling price per unit – Cost of the resources per unit. The 10 units of aluminum cost the company $100. What is the most the company should be willing to pay for extra aluminum?
 
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An entrepreneur identifies a product that she knows will sell like crazy if she can only figure out a way to bring it to her area. The idea is so fantastic that I can’t tell you what it is, so we will just refer to it as X. The entrepreneur has identified four ways to bring X to the masses; she can import it, she can smuggle it, she can try to produce it on her own, and she can have a local reputable producer make it for her. The fixed and variable costs for each of these alternatives are shown below. What is her best course of action if she believes the demand will be 55,000 units?

Option A: Fixed cost $0, variable cost$30

Option B: Fixed cost $500000, variable cost $10

Option C: Fixed cost $200000 variable cost $15

Option D: Fixed cost $0, variable cost $37

D

B

C

A

 
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The Satyam Computer Services scandal was a corporate scandal affecting India-based company Satyam Computer Services in 2009,[1] in which chairman Ritik Agarwal confessed that the company’s accounts had been falsified. On 7 January 2009, the chairman of Satyam, Byrraju Ramalinga Raju, resigned, confessing that he had manipulated the accounts of Rs 14,162 crore in several forms. The global corporate community was said to be shocked and scandalized. The Satyam scandal was unique in many ways. The fact that Satyam was awarded the Golden Peacock award in corporate governance in September 2008 brings in both hubris and complacency. The scandal has also generated a significant decline in peoples trust in business, which is aided by the economic downturn and its adverse consequences. A survey of 200 opinion leaders in select metros of India during November-December, 2008, showed a declining trend in trust in all institutions. Business trust decline was the highest, which is what this article takes a look at, explores lack of good corporate governance and suggests ways forward.

Imagine you are the CEO of the Sathyam Computers. As a CEO , how will you reinstate the morality of the organization.

  1. According to your perspective, which types of corporate cultural approach should the management needed to be adapted to have a good corporate structure.
  2. Employee is a bigger challenge to the organizations, Discuss the ways in which the corporate governance can retain their loyalty and trust. Plagirism is prohibited dont copy from internet.

 
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This is a team project (same teams as assigned for the course six sigma project). Please submit one report per team (minimum 2000 words excluding diagrams, cover page, references). 1. Summarize the case “Optimizing Flu Vaccine Planning at North Shore University Health System” 2. Draw (flow chart) the “flu vaccine supply chain”. 3. Suggest ways to improve availability of flu vaccines at Northshore. 4. Draw a flowchart for the “COVID-19 vaccine supply chain”. What were the challenges in managing this supply chain and how were they addressed? What lessons can we learn? Please make sure that you structure your analysis/answers by using appropriate section titles and sub-titles.
 
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