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Constraint Essay Topics & Paper Examples

Five Stars Tools Case

Five Star Tools is a small family owned firm that manufactures diamond coated cutting tools (chisels and saws) used by jewelers. In the past two years, the company has experienced growth and is at capacity in the coating and sharpening process. This has created a constraint, or bottleneck, that has caused the company to miss deadlines from several important customers. This case analysis seeks to provide solutions to the constraint problem. The following is a table showing the costs associated with two chisels, the Model C210 and Model D400 Chisels: The president of the company, Maxfield Turner, and Betty Spence, VP of Marketing, are looking for solutions to the constraints. There are quite a few steps that can be taken…

Linear Programming Concept Paper

There are two types of linear programming: 1.Linear Programming- involves no more than 2 variables, linear programming problems can be structured to minimize costs as well as maximize profits. Due to the increasing complexity of business organizations, the role of the management executive as a decision maker is becoming more and more difficult. Linear programming is a useful technique to solve such problems. The necessary condition is that the data must be expressed in quantitative terms in the form of linear equations and inequalities. The general nature of the business problems in which linear programming can be effectively used are multifaceted. They include purchasing, transportation, job assignments, production scheduling and mixing. Linear programming provides a method of maximizing or minimizing…