I6 1. A problem statement in a Process Improvement Charter is given. Whatneeds to be improved in this statement to have better understanding ofthe pain?"Our supply chain management system has become very ineffective,resulting in inventory shortages and delays in production".

Inventory:- The definition of inventory includes both the production-related raw materials and the…

Answered: 1. A problem statement in a Process…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Q.7 How do supply chain management activities differ between services and manufacturing companies? In what ways are these activities alike? Q.8 Describe the four perspectives of the balanced scorecard. How is this model different from a set of world-class performance measures?
Ch 11 Q10
QUESTION 4 Suppose the following are the seasonal indices for the first three quarters of the year for a quarterly series: Quarter Seasonal Index Q1 72.4 Q2 85.3 Q3 109.6 Remember that the seasonal indices should average 100 so you should be able to infer the seasonal index for Q4. Furthermore, suppose that the estimated coeffcients from a regression of the deseasonalized series on Time are given below: Coefficients Intercept 2,506 Time 71.3 If the original value of the series in a Q1 was 2,040, then what is the seasonally adjusted value? (please round your answer to 1 decimal place)
2. Beech Company made the following expenditures relating to Product FG. Legal cost to file a patent on Product FG. Production of the finished product would not have been undertaken without the 25,000 patent. Special equipment to be used for development of Product FG. The equipment has an estimated useful life of four years. Labor and material costs incurred in producing a prototype model Cost of testing the prototype Trouble shooting breakdown during production. Cost of routine on-going effort to refine, enrich or improve quality 200,000 750,000 78,000 38,000 86,000 of Product FG. Required: a) What is the total cost that should recorded as research and development cost? b) What is the total cost that should be part of Intangible assets? c) What is the total cost that should be part of operating expense?
Question THREE: Suppose you are given a set of data for output at a company which manufactures detergents over a period of time. You have determined a relation between total operating cost and the quantity produced and is given by the linear regression model as follows: TC=20,000+2,500Q, where TC=Total Operating Cost (in $) per annum and Q = Quantity produced per annum Required: i. Determine the total operating cost in the event that quantity of production is at 4,500, 12,500 and 7,000units. ii. What do you think would be your reservations in relaying on the linear regression model for budgetary planning purposes?
Q41
Subject Name: Simulation & Modelling Q. Describe the following : • Simulation of a Multi-server queueing system • Simulation of an inventory system
Q2. A motorcycle mamufacturer known as Kymco has invested millions in setting up a plant in Malaysia to assemble "complete knock down" (CKD) scooters to cater for the Asian market. The assembly of the motorcycle scooter will be carried out in sequence. Assuming you are the plant engineer, you will need to ensure that the first batch of scooters are to be assembled on time. (a) Each scooter assembly should not exceed 24 hours. Table Q2a Task Duration in Hours Start - A 2 Start -B 3 A-C 5 A-D 4 В -С В -F С -Е 3 C-F Dummy* D- End E- End 1 3 F- End (i) Apply PDM to manage and caleulate the float time of the schedule of the project. The relevant tasks and its duration are given in Table Q2a. (ii) You are also required to list the paths and its length and critical path.
Q.3.2 Mpho is an avid seamstress and want to sew and sell high quality, reusable,designer face masks during the current Covid-19 pandemic. She will design andsew the masks herself and use her automatic embroidery machine to put her logoon each mask sold. With the help of her son, deliveries will be made all overGauteng within 3 days of placing the order. Every mask will have a unique threelayer design with adjustable straps to ensure comfort and fit. Mpho’s only expenseis the material needed to sew the masks and delivery costs. At this stage, Mpho’starget market is limited to Gauteng.Draw a diagram to illustrate the transformation process of Mpho’s new business.Be sure to include all relevant elements, headings and arrows to indicate the flowof products/ services.
Q2. Explain strategic implications of BCG matrix model.
Q.24 MZ Entertainment has been using this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inventory requirements: Inventories = P25M + 0.125(Sales). The company expects sales of P355 million during the current year, and it expects sales to grow by 20% next year. What is the inventory forecast for next year?
Q: Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease $B$5 consider Cake (C) 0 -0.5 4.5 0.5 1E+30 $C$5 consider Dozen Cookies (D) 10 0 10 1E+30 1 what does the value minus .5 for the reduced cost of C mean (other than it is the change in thevalue of the coefficient in the objective function so that the solution includes a positive amountof C)?

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1. A problem statement in a Process Improvement Charter is given. What needs to be improved in this statement to have better understanding of the pain? "Our supply chain management system has become very ineffective, resulting in inventory shortages and delays in production".