A clothing company manufactures coats, pants, gloves, and hats for the winter season. All products are manufactured in four different departments: cutting, insulating, sewing, and packaging. According to firm orders, the contract stipulates a penalty for undelivered items. Considering the data in the table, formulate the problem to obtain an optimal production plan. Food Cutting Insulating Sewing Packaging Demand (units) Unit profit ($) Unit penalty ($) Coats (hr/unit) 0,30 0,25 0,45 0,15 800 30 15 Pants (hr/unit) 0,30 0,35 0,50 0,15 750 40 20 Gloves (hr/unit) 0,25 0,30 0,40 0,10 600 20 10 Hats (hr/unit) 0,15 0,10 0,22 0,05 500 10 8 Capacity (hr) 1000 800 1200 1080
Q: An automotive warehouse stocks a variety of parts that are sold at neighborhood stores. One…
A: One of the many multi-period models is the lot-size reordering-point system. Q and R are the…
Q: Distinguish between traditional approach and object-orientated approach views
A: De Heus a.s., a company that specializes in animal nutrition, was faced with challenges in managing…
Q: If the random variability in a time series is great, a small value of the smoothing constant is…
A: Here, I would analyze the given statement, and find whether this statement is true or false, this…
Q: What is the expected average number of snowplows in the garage (waiting for repair and being…
A: Arrival rate is Poisson distribution and service rate is exponential. Arrival rate λ = 5 per…
Q: When conducting a study on business process reengineering in order to identify business processes…
A: When conducting study on business process reengineering in order to identify business processes that…
Q: The phrase "full-service provider" may refer to a number of distinct concepts. What are the…
A: Business management is the process of managing the operation of the business. The business manager…
Q: How can you set an effective content distribution goal? O Craft a SMART goal and confirm this aligns…
A: When you publish, share, and promote content in various formats and through various channels, you…
Q: Contrast between the weighted moving average or customer surveys as a forecasting tool
A: In the quickly developing universe of innovation, determining patterns can be very troublesome.…
Q: Manning Systems is a commercial software vendor that sells billing and other financial software to…
A: Answer) (a) We will use the following steps to determine the allocation to each of the divisions…
Q: Examine how the following factors influence the ability of the southern African region to develop…
A: In many locations, particularly in southern Africa, establishing regional value chains and supply…
Q: the technological risks associated with the introduction of e-learning devices in South Africa.
A: The adoption of e-learning devices in South Africa has the potential to transform education by…
Q: 5 Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in…
A: Ans) Concept: Gross Requirements is first satisfied by on hand at beginning of period. On hand at…
Q: L.P. Model: Minimize Subject to: Z = 24X+30Y 7X+11Y ≥ 66 16X+4Y≥ 80 X,YZ0 (C₁) (C₂) On the graph on…
A: Minimize Z = 24X+30Y Subject to− 7X+11Y ≥ 66 16X + 4Y ≥ 80 X, Y ≥ 0
Q: Chick-Fil-A is Why I’m Always Over Budget (COB) is trying to decide the best use of its time on the…
A: The following information is provided to us: Item Name Labor Hours Price per Unit Variable Cost…
Q: Benchmarking often compares a company against a key competitor or the industry average. True O False…
A: Benchmarking can be used in many areas of an organization, like operations, finance, marketing, and…
Q: Create a project proposal presentation based on the Chapter 3 project proposal format and content…
A: A project proposal is a document that outlines a plan to accomplish a specific project or objective.…
Q: Facility Location. A paper products manufacturer has enough capital to build and manage some…
A: Find the Given details below: Given details: Plant site Cities Los Angeles Topeka New…
Q: an analysis of Samsung's competitive capabilities as a result of operating in a rapidly changing…
A: The market in which Samsung participates is undergoing significant change due to technological…
Q: operation management Compute the early, late, and slack activity times for each activity, and…
A: Forward Pass:Early Start (ES) = Max EF value from immediate Predecessor(s)Early Finish (EF)= ES +…
Q: IMPORTANT NOTE: All Project Management Questions are from the same Project. You only need to solve…
A: A network diagram related to the project is which shows the set sequence of the task that is done to…
Q: Formulate an LP for this problem and solve the problem using the simplex method.How many Cram-Decker…
A: Let x1 be the number of Cram-Deckers produced x2 be the number of Triple Deckers produced. The…
Q: Mr. Hoi is the manager of a shop that assembles power tools. You have just received an order for 50…
A: Find the Calculation methods below: Net requirements = Gross requirements - (previous period…
Q: What’s the value of an operational process to a company and how can it be executed to avoid…
A: An operational process is a set of procedures or steps that a company follows to accomplish its…
Q: Consider the interval of random numbers presented below. The following random numbers have been…
A: The random no. have been generated: Sr. No. 1 2 3 4 5 6 7 8 9 10 X 99 98 26 09 49 52 33 89 21…
Q: Lean development advantages in five sentences. Second, apply what you learnt in class to two lean…
A: Lean development can be defined as the project management process of minimising waste and providing…
Q: Problem 3 Sensitivity Analysis. A masonry plant produces four types of breeze-blocks (a type of…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: The instructional technology is divided into three distinct parts, all of which collaborate well…
A: Instructional technology entails using technology to plan, develop, and deliver instruction with the…
Q: What possible project do you anticipate that we can undertake to uplift the image of the school…
A: objectives The objective of the project is to improve the image and reputation of the school in the…
Q: Define digital literacy, select a job of your choice, and discuss digital literacy skills needed for…
A: Training is an important component of talent management strategy that is used by the business for…
Q: A transportation project has a present cost of $2.0 per consumer. It is being replaced by a project…
A: The benefit-to-cost ratio is a useful tool for evaluating and comparing transportation projects. By…
Q: Describe the idea behind the term "procedure." What makes a process different from a planned…
A: When it comes to business operations, different elements are interrelated in carrying out the tasks…
Q: What are the key trends in supply chain management, and how can companies optimize their operations…
A: All processes involved in creating and delivering goods or services to clients must be coordinated…
Q: In the balanced scorecard what initiatives can be used to support the Objective to "Increase…
A: A strategic management tool known as the balanced scorecard aids organizations in coordinating their…
Q: The government must first obtain a warrant before searching anyplace where someone has a. an…
A: Privacy refers to an individual's right to keep certain personal information and activities away…
Q: answer only d, e,f
A: Here, the tabulated data is shown below, Tenure Promotion Fired Teach at another university…
Q: What is an example of information diffusion in the supply chain? Group of answer choices The wide…
A: Supply chain is the system that helps to convert the raw materials into the finished products for…
Q: Appendix A: Project Management Plan Approval Signature: Date: Print Name: Title:…
A: Although they have different meanings, "title" and "role" are frequently used synonymously in…
Q: Medico Industries, Inc. plans to deliver the last shipment of their Cardiostents to the distribution…
A: Here, from the given data, I would determine the expected delivery time, I would consider the…
Q: How can the efficient use of project management software aid a company in administering its projects…
A: Project management includes all those activities that help in completing the project on time. It is…
Q: *The Solver output shown below is a linear programming profit maximization problem. Variable cells…
A: Profit maximization is the process of optimizing the profits of a company by determining the level…
Q: Aside from the most obvious benefit, which is an increase in vehicle sales, could technologies for…
A: Customer relationship management involves developing strategies and leveraging tools, and…
Q: What are the steps that need to be taken in order to determine what kinds of actions are necessary…
A: Supply chain management (SCM) is the process of developing and overseeing a supply chain, as well as…
Q: In the network below activities A, C, and E are interruptible, whereas activities B and D are…
A: Find the Calculation methods below: Early Start -- For the first activity Early start is 0 then for…
Q: Problem 3 Sensitivity Analysis. A masonry plant produces four types of breeze-blocks (a type of…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: There was a disaster with the luggage system at Denver International Airport, and it may have been…
A: Project management is the process of completing the activities which are essential for the smooth…
Q: At an Oxford grocery store, the manager Jenny Produce buys lettuce each day to ensure really fresh…
A: Selling price = $22.00 Purchasing price = $10.00 Salvage value = $2.00 Mean demand = 270 boxes…
Q: The seasonal demand for a particular product is given below: Period 1, 2, 3 ,4 ,5, 6 Demand…
A: Management of inventory involves a variety of tasks and techniques, such as forecasting demand,…
Q: As a result of completing this case, what is something that be learned from this case?
A: The case study focuses on Moto, a company that specializes in the production and selling of…
Q: Refer to the payoff table below of profits in $000). Which decision alternative results from using…
A: Mathematic models of decision-making help businesses take the correct decision for their operational…
Q: Operation management The following set of six jobs is to be processed through two work centers at…
A: answer) (1). The table below shows the given data. Job Printing (hrs) binding(hrs) A 10 5 B…
COULD YOU SOLVE IT WITH EXCEL SOLVER. I NEED EXCEL SOLVER SOLUTION AND ALSO COULD YOU UPLOAD ANSWER WITH EXCEL SOLVER PHOTOS.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 5 images
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Franklin Company makes fine jewelry that it sells to department stores throughout the United States. Franklin is trying to decide which of the two bracelets to manufacture. Cost data pertaining to the two choices follow. Bracelet A Bracelet B Cost of materials per unit Cost of labor per unit Advertising cost per year Annual depreciation on existing equipment %24 30 37 43 43 8,800 6,500 7,700 5,900 Required a. Identify the fixed costs and determine the amount of fixed cost for each product. b. Identify the variable costs and determine the amount of variable cost per unit for each product. c. Identify the avoidable costs and determine the amount of avoidable cost for each product.Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…
- Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,120 February 4,220 March 3,920 April 4,320 May 4,920 June 4,620 July 5,220 August 4,820 September 5,320 October 5,620 November 6,220 December 5,920 a. Using linear regression analysis, what would you estimate demand to be for each month next year? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round…Ajax Manufacturing produces a single product, which takes 8.0 pounds of direct materials per unitproduced. Assume that it is currently at the end of the first quarter of the year, and there are 50,000pounds of material on hand. The company’s policy is to maintain an end-of-quarter inventoryof materials equal to 25 percent of the following quarter’s material requirements for production.How many units of product were produced in the first quarter of the year? Under the assumptionthat production will increase by 10 percent in the second quarter, what are the direct materialsrequirements (in pounds) for planned production in the second quarter?Corral Cartage leases trucks to service its shipping contracts. Larger trucks have cheaper operating costs if there is sufficient business, but are more expensive if they are not full. CC has estimates of monthly shipping demand. What comparison method(s) would be appropriate for choosing which trucks to lease? 1.Present Worth(PW) 2.Annual Worth(AW) 3.Payback Period
- Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January February 4,100 4,200 March 3,900 April 4,300 May 4,900 June 4,600 July 5,200 August 4,800 September 5,300 October 5,600 November 6,200 December 5,900Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.45 a copy. You sell a copy of San Pedro Times for $1.40. Daily demand is distributed normally with mean = 340 and standard deviation = 68. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) 8 Answer is complete but not entirely correct. Optimal order quantity 0.05 b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) * Answer is complete but not entirely correct. Probability 3 X %Green Gardens' owner has asked your advice about a possible problem at his business. Over the last 6 months the large-sized lawn and garden inventory (ie, tables, chairs, planters, etc.) has appeared to be short. The inventory records that employees use to determine what is on hand show that more inventory is available than can actually be located. This has cause frustration and mis-trust in the inventory records for the sales employees. The owner realizes that the problem is bigger than just frustrated employees. He is afraid that inventory is being stolen, a problem he didn't think possible given that these are large items that are not easily moved. Requirements: Provide the owner with two internal controls that he could implement to reduce the likelihood of theft of the lawn and garden inventory.
- Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day’s paper for $0.50 a copy. You sell a copy of San Pedro Times for $1.25. Daily demand is distributed normally with mean = 335 and standard deviation = 67. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.)Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.30 a copy. You sell a copy of San Pedro Times for $1.10. Daily demand is distributed normally with mean = 265 and standard deviation = 53. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) Optimal order quantity b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) ProbabilityDemand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,000 February 4,100 March 3,800 April 4,200 May 4,850 June 4,500 July 5,150 August 4,750 September 5,250 October 5,550 November 6,150 December 5,850 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.7. (picture below)(Do not round intermediate calculations. Round your answers to 2 decimal places.) Month Forecast january february march april may june july august september october november december