2. Metropolitan Manila has four incinerator sites for processing solid waste. There are five garbage collection areas within the metropolis. The city wants to determine the least-cost method of disposing of its trash. Each incinerator is characterized by an operating cost for processing each ton of waste and also a cost for transporting each ton of waste is summarized in the table below: Collection Incinerator Site Area 1 3 4 50 120 110 60 100 55 90 70 60 40 80 65 90 75 85 110 100 95 65 80 Incinerator sites 1 and 2 have a weekly capacity of 6,000 tons each, site 3 has a capacity of 8,000 tons and site 4 has a capacity of 10,000 tons. There are 4,000 tons of waste generated at area A, 8,000 tons at area B and 5,000 tons each at areas C and D, each week. A total of 25.000 tons of waste each week are generated from all five areas. 2.
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- 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?Which of the following would be most appropriate basis for apportioning machinery insurance costs to cost centers within a factory? Select one: a. The flor area occupied by the machinery in each cost Centre b. Number of machine in each cost Centre c. The operating hours of each machinery in each cost center d. The value of machinery in each cost centerL. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the com-pany’s manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify theseitems according to an ABC classification system?
- Problem 1. The number of salespeople assigned to work during a shift is apportioned based on the average number of customers during that shift. Apportion 20 salespeople given the information below. Shift Morning Midday Afternoon Evening The average number of customers 95 305 435 515 Determine the apportionment using Hamilton’s Method Jefferson’s Method Webster Method Huntington-Hill MethodCivil engineering consulting fi rms that provide ser-vices to outlying communities are vulnerable to a number of factors that affect the fi nancial conditionof the communities, such as bond issues and real estate developments. A small consulting fi rm en-tered into a fi xed-price contract with a large devel-oper, resulting in a stable income of $260,000 per year in years 1 through 3. At the end of that time, a mild recession slowed the development, so the par-ties signed another contract for $190,000 per year for 2 more years. Determine the present worth of thetwo contracts at an interest rate of 10% per year.3. Figure 1 Daily Subway and Bus Use in Five Major Cities 0.75 0.5 0.25 Subway OBus London Tokyo Singapore Hong Kong Figure 2 Subway vs. Bus Ridership, New York City OBus Subway 1970 1980 1990 2000 2010 Information in figure I suggests that public transportation users in London Information in Figure I supports the author's point that buses are growing in popularity as a means of urban transport by indicating that A) take subways and buses at similar rates. B) are unusually reliant on buses. C) take at least one subway trip daily. D) take subways at about the same rate as people A) many people around the world take at least one bus trip every day. B) bus ridership surpasses subway ridership in some major cities. C) people in Tokyo make far more trips by bus daily than they do trips by subway. D) the number of bus trips taken by people in major cities has substantially increased. in New York. 2 Which of the following statements about bus use in New York City is best supported by…
- E-5 Boston Executive, Inc., produces executive limousines and currently manufactures the mini-bar inset at these costs: (refer the attached image) The company received an offer from Elite Mini-Bars to produce the insets for $2,100 per unit and supply 1,000 mini-bars for the coming year’s estimated production. If the company accepts this offer and shuts down production of this part of the business, production workers and supervisors will be reassigned to other areas. Assume that for the short-term decision-making process demonstrated in this problem, the company’s total labor costs (direct labor and supervisor salaries) will remain the same if the bar inserts are purchased. The specialized equipment cannot be used and has no market value. However, the space occupied by the mini-bar production can be used by a different production group that will lease it for $55,000 per year. Should the company make or buy the mini-bar insert?9.2-6. Consider the transportation problem having the following parameter table: Plants respecti and 20 Th Destination 4 Supply mine the 1. 9. 20 30 30 20 to the re 8. 4 9. Source 7. minimiz (а) Fort 3. 6. 4(D) 0. 0. stru Demand (b) Use solu (c) Star tivel tima 25 25 10 20 After several iterations of the transportation simplex method, a BF solution is obtained that has the following basic variables, x= 20, 20. Continue the transportation simplex method for wo more iterations by hand. After two iterations, state whether the solution is optimal 25, 5, X2 =0, x – 0, 15 9.2-9. T systems The (1) electr ing. The and, if so, why. D1.9.2-7. Consider the transportation problem having the fol- 740O 20Adelie Enterprises is exploring a new service to provideweekly delivery of grocery items to homes in the greaterGreenwood area. The company’s customers place Web-basedorders and Adelie’s team assembles and delivers the orders inspecially designed cardboard boxes. Management, interestedin locating a supplier that can provide boxes cheaply and efficiently, has discovered that each potential supplier’s abil-ity to satisfy the company’s requirements is influenced by thelevel of demand. The following table provides Adelie’s ven-dor selection criteria, criterion weights, and rankings (1–10with 10 being the highest) under the assumption that low,moderate, or high demand is generated for their service. a. Which supplier should be selected if there is low demandfor Adelie’s new service? Which supplier should beselected under moderate demand assumptions? Underhigh demand assumptions?b. Which supplier is selected if Adelie evaluates eachalternative using a Maximin decision criterion…
- Roger Co. implemented activity-based costing in the current year. To select the appropriate driver for Cost Pool A, Roger performed regression analyses for two independent variables, Driver 1 and Driver 2, using monthly operating data. The monthly levels of Cost Pool A were the dependent variables in both regressions. Output results from the regression analyses were as follows: Driver 1 R squared Intercept X variable (slope) At the budgeted production level for next month, the levels of Driver 1 and Driver 2 are expected to be 5,880 and 7,000, respectively. Based on this information, what is the budgeted amount for Cost Pool A for next month? O A. $3,280 OB. $2,624 O C. $3,464 O D. $3,785 0.46 $551.00 Driver 2 $0.55 0.80 $970.00 $0.33Travel Passengers 1 405 2 410 3 420 4 415 5 412 6 420 7 424 8 433 9 438 10 440 11 446 12 451 13 455 14 464 15 466 16 474 17 476 18 482 a) Using a weighted moving average with three periods, determine the sales for day 15. Use 3, 2, and 1 for the weights of the most recent, second most recent, and third most recent periods, respectively b) Find the MAD, MSE and MAPE b) Use exponential smoothing with a smoothing constant of 0.50 to forecast the sales (Assume that last period’s forecast for period 1 is equal to actual to begin the procedure (Ft1=Yt1). Which method do you think is best? Is this an improvement over the weighted average- use MAD onlyTUTORIAL DECISION ANALYSIS 1. e) 0 B) 2. Even though independent gasoline stations have been having a difficult time, Susan Solomon has been thinking about starting her own independent gasoline station. Susan's problem is to decide how large her station should be. The annual returns will depend on both the size of her station and a number of marketing factors related to the oil industry and demand for gasoline. After a careful analysis, Susan developed the following table: Size of First Station Small Medium Large Extra Large Stock Market Bonds CDs Good Market (5) Probability a) b) 50,000 80,000 Decision Alternative. 100,000 300,000 Fair Market (S) 20,000 30,000 30,000 25,000 For example, if Susan constructs a small station and the market is good, she will realize a profit of $50,000. what is the criterion of realism decision? Use an a value of 0.8. Develop an opportunity loss table? What is the minimax regret decision? Mickey Lawson is considering investing some money that he…