When creating a SWOT what good is it to list weaknesses Quizlet
Terms in this set (10)Sets with similar termsSets found in the same folderOther sets by this creatorVerified questions
ADVANCED MATH Verified answer
ADVANCED MATH Ballco manufactures large softballs, regular softballs, and hardballs. Each type of ball requires time in three departments: cutting, sewing, and packaging, as shown in Table 65 (in minutes). Because of marketing considerations, at least 1,000 regular softballs must be produced. Each regular softball can be sold for $3, each large softball, for$5; and each hardball, for $4. A total of 18,000 minutes of cutting time, 18,000 minutes of sewing time, and 9,000 minutes of packaging time are available. Ballco wants to maximize sales revenue. If we define RS = number of regular softballs produced LS = number of large softballs produced HB = number of hardballs produced then the appropriate LP is $$ \begin{aligned} \max z &=3 R S+5 L S+4 H B \\ \text { s.t. } & 15 R S+10 L S+8 H B \leq 18,000 \quad \text{(Cutting constraint)} \\ & 15 R S+15 L S+4 H B \leq 18,000 \quad \text{(Sewing constraint)}\\ 3 R S+4 L S+2 H B & \leq 9,000 \quad \text{(Packaging constraint)}\\ R S & \geq 1,000 \quad \text{(Demand constraint)}\\ R S, L S, H B & \geq 0 \end{aligned} $$ The optimal tableau for this LP is shown in Table 66. a. Find the dual of the Ballco problem and its optimal solution. b. Show that the Ballco problem has an alternative optimal solution. Find it. How many minutes of sewing time are used by the alternative optimal solution? c. By how much would an increase of 1 minute in the amount of available sewing time increase Ballco’s revenue? How can this answer be reconciled with the fact that the sewing constraint is binding? d. Assuming the current basis remains optimal, how would an increase of 100 in the regular softball requirement affect Ballco’s revenue? TABLE 65: $$ \begin{matrix} \text{Bills} & \text{Cutting Time} & \text{Sewing Time} & \text{Packaging Time}\\ \text{Regular softballs} & \text{15} & \text{15} & \text{3}\\ \text{Large softballs} & \text{10} & \text{15} & \text{4}\\ \text{Hardballs} & \text{8} & \text{4} & \text{2}\\ \end{matrix} $$ TABLE 66: $$ \begin{matrix} \text{z} & \text{RS} & \text{LS} & \text{HB} & \text{s1} & \text{s2} & \text{s3} & \text{e4} & \text{a4} & \text{rhs}\\ \text{1} & \text{0} & \text{0} & \text{0} & \text{0.5} & \text{0} & \text{0} & \text{4.5} & \text{M − 4.5} & \text{4,500}\\ \text{0} & \text{0} & \text{0} & \text{1} & \text{0.19} & \text{−0.125} & \text{0} & \text{0.94} & \text{−0.94} & \text{187.5}\\ \text{0} & \text{0} & \text{1} & \text{0} & \text{−0.05} & \text{0.10} & \text{0} & \text{0.75} & \text{−0.75} & \text{150}\\ \text{0} & \text{0} & \text{0} & \text{0} & \text{−0.17} & \text{−0.15} & \text{1} & \text{1.88} & \text{1.88} & \text{5,025}\\ \text{0} & \text{1} & \text{0} & \text{0} & \text{0} & \text{0} & \text{0} & \text{−1} & \text{1} & \text{1,000}\\ \end{matrix} $$ Verified answer
ADVANCED MATH Verified answer
ADVANCED MATH Verified answer Recommended textbook solutionsOther Quizlet setsRelated questionsIf you decide a SWOT analysis is the best tool, the following tips will help you get the most out of it: Keep your SWOT short and simple, but remember to include important details. For example, if you think your staff are a strength, include specific details, such as individual staff and their specific skills and experience, as well as why they are a strength and how they can help you meet your business goals. What should I put for weaknesses in a SWOT analysis?In a SWOT Analysis, weaknesses are written in the top right quadrant. They highlight the internal weaknesses that you or your organization need to address to meet your goals. Examples of weaknesses for a SWOT analysis might include lack of motivation, lack of a clear vision, or poor time management skills.
Why is it important to identify weaknesses in a SWOT quizlet?A SWOT analysis is used as part of STRATEGIC PLANNING so as to assist the organisation in achieving its objectives. To overcome weaknesses by identifying these areas and then implementing strategies to improve them. To explore opportunities by identifying new markets or trends.
Which items of the SWOT analysis are usually internal issues?A SWOT (strengths, weaknesses, opportunities and threats) analysis looks at internal and external factors that can affect your business. Internal factors are your strengths and weaknesses. External factors are the threats and opportunities.
Why is it important to identify weaknesses in a SWOT analysis?Weakness: Like strengths, weaknesses are internal factors in a business. Identifying these can help identify areas of improvement. Doing this lets organizations design measures to rectify and control their weak points, which in turn helps the company grow.
|