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Data Analysis for a business making - Essay Example
Logic & Programming
Pages 4 (1004 words)
Task 1: a. The contribution per margin for Northern Hi-Tec E. Ltd will be calculated as follows: Contribution per margin= Gross profit/ total revenue The actual calculations will predict how much contribution is each of the company’s products making in terms of the total profit gained by the company…
c. The model will be solved through the help of the objective function applied, in which the decisions variables will be used in terms of controlling the operations and also avoiding the constraints to get the maximized productivity. d. One of the main constraints in the functional operations was limiting the machine’s productivity due to the depreciation. Another main constraint was time management. The constraint that was not problematic was the labor issue, i.e. they worked properly. e. The reduction in the profit means either the low pricing or the higher material or labor costs. The value of the objective function will change because of the productivity concerns. Because as the material cost has increased, so a limitation will be applied on the working of the machine and the lesser productivity will be the case. f. The value of additional value of additional minute of time per week for the devices numbered 1 to 4 will be respectively as follows: 600, 390, 330, and 204. The company must add more test device time on 4th and 3rd device as they have experienced to be consuming lesser time. g. The management of the company should make the corrective measures in terms of the cost reduction techniques and profit maximizing mechanisms. ...
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