MHB Total Labor Cost Per Good Matrix Calculation

Click For Summary
To calculate the total labor cost per good in the factory, the correct approach involves using a matrix or vector product to find a scalar value. The assembly department requires 3 labor-hours at $19 per hour, while the finishing department requires 1 labor-hour at $16 per hour. The total labor cost can be calculated by multiplying the labor hours by their respective costs, resulting in a formula that combines these values. The inner product of the vectors representing labor hours and costs will yield the total labor cost per good. This calculation effectively summarizes the labor expenses incurred in producing each item.
Binte
Messages
1
Reaction score
0
This is probably a simple question

A factory produce a good that requires 3 labor-hours in the assembly department and 1 labor-hour in the finishing department. Assembly personnel receive 19 per hour and finishing personnel receive 16 per hour.

I need to write a matrix or vector product that would give the total labor cost per good.

Is this just simply

$$=\begin{bmatrix}
3 & 1 \\
16 & 19 \end{bmatrix}$$ ?

Thanks
 
Physics news on Phys.org
The desired answer will be just a number (a scalar), which suggests you want an inner product.

We have two departments, and the cost in each department will be:

time spent x cost per time unit.
 
Thread 'How to define a vector field?'
Hello! In one book I saw that function ##V## of 3 variables ##V_x, V_y, V_z## (vector field in 3D) can be decomposed in a Taylor series without higher-order terms (partial derivative of second power and higher) at point ##(0,0,0)## such way: I think so: higher-order terms can be neglected because partial derivative of second power and higher are equal to 0. Is this true? And how to define vector field correctly for this case? (In the book I found nothing and my attempt was wrong...

Similar threads

Replies
4
Views
1K
Replies
12
Views
3K
  • · Replies 7 ·
Replies
7
Views
2K
Replies
31
Views
3K
  • · Replies 5 ·
Replies
5
Views
2K
  • · Replies 9 ·
Replies
9
Views
3K
  • · Replies 1 ·
Replies
1
Views
1K
  • · Replies 2 ·
Replies
2
Views
3K
Replies
1
Views
2K
Replies
9
Views
2K