Data Analysis for Business Decision Making - Coursework Example

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Topic: Data Analysis for Business Decision Making Class: Date: Task 1. a. The contribution of the company will obtained from the calculations below. Contribution will be determined by subtracting total variable cost from the selling price…
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Data Analysis for Business Decision Making
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Download file to see previous pages The objective function will be to maximize the contribution per unit obtained from the overall production, this leads to optimization of the firm profits. Therefore, the contribution which is equal to selling price less the total variable costs of each peripheral will be multiplied by optimal number that will maximize the firm profit. Therefore, the objective function will be; Maxmize; 156.82A + 156.10B + 250.87C + 167.60D + 290.78E + 274.22F Where, A- Number of Internal modem B- Number of External modem C- Number of Circuit board D- Number of CD drive E- Number of Hard disk drive F- Number of Memory board The constrains in this case refers to the limiting factor where the test devices hours available for every peripheral in this case there are only 150 hours available for test device one, 130 hours for test device two, 110 hours for test device three, 102 hours for test device four in one week. The constrains in this case limit the number or peripheral that can be produced. The constrains in this case will be, 150 ...Download file to see next pagesRead More
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