Write the algebraic formulation of the problem. Decision Variables: b. Solve using Excel solver to minimize cost. a.
Q: Subject: Logistic management Q): calculate inventory turn over ratio, Where sales is 2,000,000 COGS…
A: Given, Sales =2000000 Cost of goods sold = 65% Average inventory = 125435 Again, Cost of goods…
Q: Using the Decision Tree above, determine the Expected Value with Sample Information (EV with SI).…
A: Expected values are calculated by multiplying the probability of an event occurring with the value…
Q: You are brand manager at Arrow Cosmetics and responsible for Silkskin body lotion. Silkskin's annual…
A: Find the Given details below: Given details: Annual contribution 2.1 million Variable cost…
Q: Name two financial incentives that could be used to encourage businesses to investigate and…
A: The two financial incentives could be used to encourage businesses to investigate and implement…
Q: 10. The following is given: Price $7.00/unit Variable cost $5.00/unit Fixed cost $56,000…
A: Break even point means total revenue and total cost are equal. It is used in numerous area of…
Q: How does asking "why" five times for each of these bones work in the overall use of this tool? what…
A: Here, I have been given a cause-and-effect diagram or fishbone diagram, This diagram is a…
Q: 1: Describe what is Quality Management ? Explain Cost of Quality Statistical Quality? Total Quality…
A: Quality management is an utmost important aspect for any industry. It is because quality impact…
Q: Toys from the world, for the world 5 years ago, while conducting an online search for a toy for her…
A: Transport Packaging refers to materials used in addition to Primary Packaging to accommodate the…
Q: a. What is the break-even quantity? Round your answer to the nearest whole number. units b. Should…
A: Demand = 8600 unitsIn-house:Fixed Cost = $ 340,000Variable cost = $ 40 per unit Outsource: Total…
Q: List two benefits of outsourcing to a company during the development of an IT/IS project. Define…
A: By contracting with an outside party to do an otherwise in-house task or provide an entirely new…
Q: Prior to starting a project at work: A. Take time to de-stress B. Get organized C. Seek the advice…
A: Note- Hi! Thank you for the question As per the honour code, We’ll answer the first question since…
Q: Select the best answer for the question. 12. Customers like to choose the color of their cars.…
A: In designing process structure in manufacturing, three parameters are considered. These parameters…
Q: Loans are evaluated in a process with two sequential resources. The capacities of the resources are…
A: Given: Capacity of resource 1= 0.16 Capacity of resource 2= 0.33
Q: The Modern Gift Shop prints its own greeting cards. Suppose that the historical record on demand for…
A:
Q: What is productivity and why is it important? Who is primarily responsible for productivity in an…
A: Productivity is a very important factor for organizations to consider when trying to increase their…
Q: Supplier relationship management is becoming more important and firms are creating long term…
A: Supplier relationship management is described as firms taking the initiative to build a relationship…
Q: What is the coefficient?
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In business…
Q: A firm is considering a product launch. It will do so if the expected total revenue is in excess of…
A: The expected value is the sum of all possible values weighted by their probability.
Q: b) Using the least-squares regression method, the equation for forecasting is (round your responses…
A: One of the methods for forecasting is the least square regression method, here, I would determine…
Q: Pick any 10 project management-related hazards. Give examples of project risk management and the…
A: Project Management Hazards Any possible negative or positive event during the course of a project is…
Q: formulate a linear program Vince Oliver plans to invest P 30,000 in municipal bonds, savings bonds,…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: A.) Compute the 3-period simple moving average forecasts. Compute the MAD and MSE for the 4-period…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: Daniel is planning to earn money over the summer mowing lawns in the neighborhood to buy a scooter.…
A: Given: fixed cost 2200 SP 19.1 variable cost 2.7
Q: Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scale of 2 cm to…
A: The scatter diagram is a graphical representation of the relationship between two variables. A…
Q: Determine the expected value of the contribution
A: The expected value of a decision tree is the sum of the expected values of all the nodes.
Q: Payoff 1= Payoff 2= Payoff 3= Payoff 4=
A: Here, the decision tree is already given in the question, from the decision tree structure, we could…
Q: Solve the following LP by using Excel. State the Optimal Solution and the Objective Function Value.…
A: Linear programming is a mathematical technique that is commonly used in operations management…
Q: When a variety of processes are active at once, how does the capacity analysis react?
A: Capacity analysis is a process that determines the level of demand for a product or service. It can…
Q: A multinational corporation is considering the investment opportunities shown in the table below.…
A:
Q: Ana owns a consulting business that helps software companies market their services to school…
A: Given: fixed cost 7000 SP 4635.7 variable cost 1676.6
Q: Dr. Lillian Fok, a New Orleans psychologist, specializes in treating patients who are agoraphobic…
A: A statistical technique indeed known as simple linear regression enables us to analyze and explore…
Q: Describe many ways for acquiring meeting control. What justification is there for this?
A: Meetings are conducted to share knowledge, information, and ideas, and to discuss issues with a…
Q: A large business process outsourcing company operates 5 days a week (Monday to Friday). The manager…
A:
Q: Sales of tablet computers at Ted Glickman's electronics store in Washington, D.C., over the past 10…
A: Exponential smoothing is a forecasting model which considering the actual and forecasting demand…
Q: List two benefits of outsourcing to a company during the development of an IT/IS project. Define…
A: When a company hires or contracts with an external company in order to complete specific tasks…
Q: Dr. Lillian Fok, a New Orleans psychologist, specializes in treating patients who are agoraphobic…
A: The linear regression equation is of the form y=a+bx where: y= dependent variable x= independent…
Q: (c) If Cabinetmaker 1 has additional hours available, would the optimal solution change? Explain. O…
A: Decision Variables: Suppose-O1 & C1 be the % of oak and cherry respectively by cabinetmaker…
Q: What are the ways to reduce inventory levels, explain with examples?
A: Inventory management is the management in which raw materials and finished products are stored and…
Q: Bob is considering to rent a space to sell lunch box. His rent would be $5,000/month. Each lunch box…
A:
Q: The optimal solution to any linear programming problem is the same as the optimal solution to the…
A: Linear programming is defined as a mathematical modelling technique where the linear function is…
Q: Understanding the distinctions between project management and software project management is…
A: In order to provide people with something of value, project management makes use of particular…
Q: Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the…
A: Formulae used: Linear regression forecast: Y= a+bxwhere,b= slope of the line a= Value of Ywhere…
Q: A manufacturer has several identical machines that can be used to produce a product. Each unit…
A: Each unit take time(T) = 28 minutes Each machine take time per day(D) = 13 min Number of working day…
Q: The employee credit union at State University is planning the allocation of funds for the coming…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Briefly with proper presentation explain differences among the past time focus and present time…
A: To be determined: Difference between past time focus and present time focus Introduction: Focusing…
Q: 2. ( A large business process outsourcing company operates 5 days a week (Monday to Friday). The…
A: X1 = Number of employees who start their work on Monday on-site X2 = Number of employees who start…
Q: Given the uncertainty associated with the demand volume, and no other information to work with, what…
A: Mathematic models of decision-making help businesses take the correct decision for their operational…
Q: Company Ajax has the following information from its financial statements in 2021. The annual sales…
A: Cash to cash cycle time refers to the period between paying cash to the supplier or receiving cash…
Q: Part 8: If the firm adopts a make-to-order approach, the customer's order lead time equals to…
A: Lead time is the time taken by the manufacturer or the processor to complete an order from the time…
Q: Electronics Company has received a much greater number of queries in recent months. DVD players for…
A: Problem: According to the lawsuit, DVD players manufactured by Electronic Companies have a drawer…
Step by step
Solved in 4 steps with 5 images
- The Frist Corporation has the followinginternal controls related to inventory:1. Only authorized inventory warehousing personnel are allowed in inventory storageareas.2. All inventory products are stored in warehousing areas that are segregated fromother storage areas used to house equipment and supplies.3. All inventory held on consignment at Frist Corporation is stored in a separatearea of the warehouse.4. The inventory purchasing system only allows purchases from pre-approved vendors.5. The perpetual inventory system tracks the average number of days each inventoryproduct number has been in the warehouse.6. Microchips are embedded in each product and when inventory items are removedfrom the warehouse to shipping, radio-frequencies signal a deduction of inventoryto the perpetual inventory system.7. On a weekly basis, inventory accounting personnel take samples of inventoryproducts selected from the perpetual inventory system and verify that the inventoryis on-hand in the warehouse…The GIIC -Company must determine a policy for ordering coal to operate 15 smelters. Each smelter requires exactly 5 tons of coal per day to operate, and the firm operates 360 days per year. The purchasing manager has negotiated a contract to obtain the coal for 5 BD per ton for the coming year. The purchasing manager has determined that the ordering cost is 40 BD per order, and the cost of holding coal is 20% per ton of its value. i. Determine the optimal quantity of coal to receive in each order. ii. Determine the total inventory-related costs associated with the optimal ordering policy (do not include the cost ii. If five days' lead time is required to receive an order of coal, how much coal should be on hand when an iv. Optimal quantity 1837.11 Tons, Total cost 1837.11 BD, Inventory during LT 275 Tons of the coal). order is placed? i. Optimal quantity 1469.694 Tons, Total cost 1469.694 BD, Inventory during LT 375 Tons ii. Optimal quantity 734.85 Tons, Total cost 1649.694 BD,…In a large microelectronics plant, the assembly cell for circuit boards has a demand for 300 units an hour. Two feeder cells supply partsA and B to the assembly cell (one A and one B for each board). Standard containers that look like divided trays are used. A container will hold 22 As or 13 Bs. It takes 13 minutes to fill up a container with As and 22 minutes to fill up a container with Bs. Transit time to the assembly cell is 5 minutes for both A and B. No safety factor is used. Kanbans to be circulated Between Process A and Assembly cell? Kanbans to be circulated Between Process B and Assembly cell?
- The Delta company uses three raw materials to make cakes. Delta is trying to reduce warehousing costs and establishes three policies to that end: i) The annual number of orders for all products must be at least 20 per contractual terms with transportation providers. ii) The average inventory in units must be a maximum of 1800. iii) Because the raw material is perishable, there can never be more than 2000 units in inventory of raw material 1. Raw material 2 has a maximum allowed of 1200 units and the raw material 3 can store maximum 400 units. The following table shows the product information: Materia Demanda Costos por unidad Costo por prima (u/año) ordenar ($) 2200 2 300 2 500 4 650 3 3000 10 100 Consider an interest rate of 10% per year. A) Formulate the problem as a mathematical programming model that minimizes the total annual cost. b) Represent the problem in a single equation including the constraints in terms of lambda c) Find the optimized batch sizes for the company's raw…7. Maribel is considering installing ice cream stalls on Turtle Beach. The length of the beach is 5 miles long. On average, in a week, there are 1,000 subathers that come to the beach and each value an icecream at $5. Transportation costs are $2.5. Each icecream costs $0.5 to make and there are $40 as a fixed maintenance cost per stall. A )Find the optimal number of stalls for Maribel? B) What is the profit at optimal number of stalls?14. Akali is the only nurse in lonia. lonia has 21 ninja households distributed one-tenth of a mile along the main street. Each ninja household goes to see Akali for her services at most one time per week. There are additional dangers on the street going there-and back again which are equal to $0.5 for every tenth of the mile. The reservation price of each ninja to pay for Akali services is $10. To serve each ninja, Akali incurs $2 costs. What the maximum price should Akali charge if she wants to serve the whole lonia? How much would she earn?
- A mgr. must set up an invty system for two (2) new production items, P34 & P35. P34 can be ordered at any time, butP35 can only be ordered once every 4 weeks. The co. operates 50 weeks a year and the weekly usage rates for both itemsare normally distributed. The mgr. has gathered the following information about the items:Item P34 Item P35Average wkly demand 60 units 70 unitsStandard deviation 4 units per wk 5 units per wkUnit cost $15 $20Annual Holding cost 40% 40%Ordering cost $70 $30Lead time 2 weeks 2 weeksAcceptable stockout risk 5% 5%a) When should the manager reorder each item?b) Compute the order quantity for P34c) Compute the reorder point for P35 if 110 units are on hand at the time the order is placedANT Infra orders two kinds of precast items: A and B for use in its projects from two different suppliers. The precasts are needed throughout the entire 52-week year. Precast A are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. While, precast B is ordered from a supplier who delivers by every three weeks. Data for both precast items are as follows:Item Precast A Precast BAnnual demand 10,000 5,000Holding cost (% of item cost)20% 20%Order cost $150 $25Lead time 4 weeks 1 weekSafety stock 55 units 5 unitsItem cost $10.00 $2.00 a. Employ Q system for precast A and calculate the EOQ, the reorder point, total inventory cost? b. Employ P system for precast B and estimate the target level inventory and total inventory cost?Minimize z= 5.15x1+ 4.5x2 + 4.36x3 (hundreds of dollars) s.t: ?x1 + ?x2 + ?x3 > 140 ?x1 + ?x2 + ?x3 s 200 (production capacity: hours) (warehouse capacity; hundreds of sq. ft.) ?x1+?x2 = 5 (demand for 6 oz. giasses; hundreds of cases) x1, x2, x3 20 4.5X2 -1.25 Basis Св 5X1 4.36X3 S1 S2 a3 RHS -0.75 10.7 X3 1. 4.36 -0.13 11.25 1.25 -2.5 11.5 S2 0.1 X1 5.15 C-Z How much is it worth an extra hour added to b1 on the optimal solution?
- In the 3M concept, money keeper refers to_________. A.Perbendaharaan / Treasury B.Parlimen / Parliament C.Dewan Undangan Negeri (DUN) / State Legislative Assembly D.Jawatankuasa Kira-Kira Wang Awam (PAC) / Public Accounts Committee (PAC)E - Max uses the basic EOQ model to determine the order quantity . They used to buy electronics from a Korean supplier in Dubai with a lead - time of 5 days . Recently , the supplier has decided to close the warehouse in Dubai and deliver all items from Korea directly to customers in Oman with a lead time of 10 days . Under this situation , the economic order quantity will (Q^ * ) 1)double 2)None of these 3)increase , but not double 4)decrease by a factor of two 5)do remain the sameCooler Corporation is a manufacturer of cooling products. It purchases 14,400 units of a particular component (CK55) each year at a cost of $60 per unit. Cooler Corporation requires a 12% annual rate of return on investment. In addition, relevant carrying costs for insurance, material-handling, and breakage are $0.40 per unit per quarter, whereas warehousing rental cost is $12,000 per month. Relevant costs per purchase order are $144.00. Purchasing manager’s salary is $80,000 per year. Required: Calculate Cooler’s EOQ for CK55. Calculate Cooler’s total ordering and carrying costs. Assume that demand is uniform throughout the year and is known with certainty. The purchasing time is half a month. Calculate the reorder point for CK55.