2. Peniel House and Furniture manufacturer produces two products: Beds and Chairs. Each unit of Bed requires 3 hrs in molding unit, 4hrs in painting unit, and 1 hr in finishing. On the other hand, each unit of Chair requires 3 hrs in molding unit, 2 hrs in the paint shop and 2 hours in finishing. Each week, there are 210 hrs available in molding, 200hrs in painting, and 120 hrs in finishing unit. The demand for Beds cannot exceed 40 units per week. Each unit of Bed contributes Birr 20 to profit, while each unit of chair contributes Birr 30. Determine the number of units of each product per week to maximize the profit? (Use Graphic Method to solve the given LP problem).

EL Computer produces its multimedia notebook computer on a production line that has an annual capacity of 16,000 units. EL Computer estimates the annual demand for this model at 6000 units. The cost to set up the production line is $2345, and the annual holding cost is $20 per unit. Current practice calls for production runs of 500 notebook computers each month.

a. What is the optimal production lot size?

b. How many production runs should be made each year? What is the recommended cycle time?

c. Would you recommend changing the current production lot size policy from the monthly 500-unit production runs? Why or why not? What is the projected savings of your recommendation?

Distinguish between capital spending and operating costs. Why is this distinction important to retailers? What factors should retailers consider when assessing opportunity costs? How can these retailers improve their productivity? a. Fitness center b. Online bookstore c. Discount apparel store

The Western Jeans Company purchases denim from Cumberland Textile Mills. The Western Jeans Company uses 35,000 yards of denim per year to make jeans. The cost of ordering denim from the textile company is $500 per order. It costs Western costs Western $0.35 per yard annually to hold a yard of denim in inventory. Determine the optimal number of yards of denim the Western Jeans Company should order, the minimum total annual inventory cost, the optimal number of orders per year, and the optimal time between orders.

Develop a business editorial that presents your position on a timely business issue. Support your position with credible references on your topic of interest.

Instructions

Your paper should be written using APA style and include, at minimum, the following:

· A clear statement of the issue

· A thorough discussion of each of the premises

· Credible, supporting evidence for each of the premises

· Response to each of the counterarguments, including evidence

· A strong, logical connection between the premises and the conclusion

· Thorough research and documentation

· Writing that presents a compelling argument

· At least 5 different citations, 3 of which are from the APUS Library

· Approximately 3 to 5 pages, 1500 words

Be certain to carefully research your position using credible sources with proper citations. Follow APA format with in text citations

5 reference