Management report based on quantitative method of analysis

I/INTRODUCTION

This report based on quantitative method of epitome to examine manufacturing figures and to find solutions to fulfil the contract at minimum live.

II/ANALYSED DETAILS

1. Minimise the damage: How much(prenominal) to buy in - how much to produce?

Both vats of type A and type B seduce 2 hours to dye a measurement of fibre that great deal eventually be turned sufficient fibre into recitation to make a metre of standard width cloth. We locoweed choose between produce yarns using our easy resources, which ca usages manufacturing equal be £15 per metre, or buy in from other factory with the cost of £21 per metre. Given that the amount produced mustiness be equal or more than the amount bought in. after(prenominal) considering all the possible solutions we can do at the act situation and ignoring any future cost or quantity changes, to minimize cost as well as exploit profit, we should make 320 metres of vats either type A or B. The cost of produce this 320 metres is £4800. To maintain at least 500 metres per week we should buy in 180 metres which costs £3780. Total cost incurs is £8580 which is the minimum cost solved out by analysis technique.

2.



When requiring extra 700 hours use of Vats:

In the future plan which we will throw away extra 700 hours per week of the vats which could be either type A or B or a mixture. If we produce 320 metres, we use 640 hours per week of the vats, which means available capacity is 760 hours of vats type A and B. Requiring extra 700 hours use of the vats come into being still satisfies the available capacity hours of vats either type A or B or both. Because it takes 2 hours for one metre vat...

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