A company manufactures 3 types of parts which use precious metals platinum and gold. Due to storage of these precious metals

A company manufactures 3 types

A company manufactures 3 types of parts which use precious metals platinum and gold. Due to storage of these precious metals, the government regulates the amount that may be used per day. The relevant data with respect to supply, requirements and profits are summarized in the table as follows: Daily allotment of platinum and gold are 160 gm and 120 gm respectively. How should the company divide the supply of scare precious metals?

1. It is said that management is equivalent to decision-making. Do you agree? Explain.

2. All quantitative techniques have hardly any real-life applications.” Do you agree with the statement? Discuss.

 

 

A company manufactures 3 types

 

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A company manufactures 3 types

 

 

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