Strategic Resource Allocation and Planning MGMT E-5050 Due Wednesday, January 7 th.

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Strategic Resource Allocation and Planning MGMT E-5050 Due Wednesday, January 7 th

Problem Statement A jewelry store makes necklaces and bracelets from gold and platinum. The store has eighteen (18) ounces of gold and twenty (20) ounces of platinum. Each necklace requires three (3) ounces of gold and two (2) ounces of platinum, while each bracelet requires two (2) ounces of gold and four (4) ounces of platinum. The demand for bracelets cannot be more than four (4). A necklace earns $ in profit and a bracelet earns $ in profit. The store wants to determine the number of necklaces and bracelets to make in order to maximize profit. The Jewelry Store

Problem Statement REQUIREMENT : 1.Compute the 1 st and 2 nd feasible solutions manually. 2.Solve the entire problem using either QM for WINDOWS or Excel QM. The Jewelry Store