June 2006
Beginner
793 pages
20h 59m
English
Content preview from Quantitative Techniques: Theory and Problems
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
PRODUCTION BUDGET PROBLEM
Problem 1.63
| Product A | Product B | |
| Sales (in units) as per Sales Budget: | ||
| 1st Quarter 20X1 | 1,000 | 2,000 |
| 2nd Quarter 20X1 | 2,360 | 1,000 |
| 3rd Quarter 20X1 | 2,160 | 1,250 |
| 4th Quarter 20X1 | 2,480 | 750 |
| Product A | Product B | |
| Stock position as on 1.1.20X1: | ||
| Percentage of 1st Quarter 20X1 sales | 20% | 100% |
| Minimum Stock required on 1st, 2nd and 3rd Quarter | ||
| Percentage of Next Quarter’s sales | 50% | 50% |
| Stock position on 31.12.20X1 | 2,200 | 1,000 |
| Selling Price | 30 | 40 |
| Gross Profit Ratio | 20% | 25% |
Required: Formulate LPP to ascertain production of each product during each quarter.
Solution
Production Budget for the year 20X1
| Let | ||
| x11 = Units of Product A to ... | ||
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.