7. SBS Juices sell orange juice. Every morning (7am) the manager has to decide on the amount (liter) of juice to make for customers arriving between 8am and 9am. Demand for the juice follows a normal distribution with a mean of 20 liters per day and a standard deviation of 5 liters per day. Price per liter is $48.067, material cost per liter is $40, and salvage value per liter is $10. What is the optimal level of juice to make each morning to maximize expected profit?
Q: You should choose vendor ▼ Donna Inc. Either Kay Corp. or Donna Inc. Kay Corp. , with a weighted…
A: Given, K means Kay corp and D means Donna Each attribute is given with its weight for each table.…
Q: Specifically, how does the concept of project scope relate to each of the three constraints that are…
A: Project management is the management in which a particular type of skills, techniques, and equipment…
Q: a) Based on the given information regarding the activities for the project, the project completion…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: K Suppose that a company has recently started manufacturing a new line of helicopters, and it took…
A: Given data is as follows: Days taken = 106.496 labor days to complete 16th helicopterLearning rate =…
Q: 2. Calculate the economic order quantitiy. Because of the high setup cost of $60/order for producing…
A: EOQ is a statistical and mathematical concept used in production and operations management. It…
Q: Andy’s Bicycle Company (ABC) has the hottest new product on the upscale toy market—boys’ and girls’…
A: Given data is Model Selling price ($) Direct labor cost ($) Production cost ($) Paint and pack…
Q: One of the main outputs of project cost management is cost estimate. Project managers normally…
A: Estimating the cost of a project: Estimation of cost in a project is finished at beginning of it,…
Q: Find a Doctor is a small startup that helps people find a physician who best meets their needs…
A: Queueing theory is a part of operations management. It is studied and executed to determine the…
Q: The amount of time that Ed is going to take for the task at the end of: a) 2nd Day minutes (round…
A: Time taken for 1st day = 7 hrs 42 mins = 7*60+42 = 420+42 = 462 mins Learning rate = 85%
Q: The FMS option means what exactly?
A: Disclaimer - Since the full form of FMS is not given, we are considering it a Flexible Manufacturing…
Q: If it took 430 hours to produce the first unit of a product, and the learning curve is 90%, how long…
A: Ans) T(1) = a = 430 hrs Learning Rate= L = 90% = 0.9 Formula : Y = a*Xb b = log(L) / log(2) b=…
Q: Make a list of two ways to reduce rework expenses. What role, in your opinion, does gradual delivery…
A: Optimal planning Without a proper and structured plan, it is sure that rework will happen sooner or…
Q: Which of the following statements is TRUE of a functional structure? It focuses on the company's…
A: Explanation : In the functional structure, it becomes easier for the employees to supervise one…
Q: What is the expected monetary value (EMW) of taking Airlines 1&2? Airline -1 (Fare $700, on-time…
A: The statistical meaning/concept of expected monetary value (EMV) assessment determines the…
Q: Ruka construction Company is considering bidding on a contract for a new office building complex.…
A: Find the Calculations methods below: EMV = ∑ (Probability * Payoff) For example: (EMV value of Build…
Q: Honey is a technology company that provides online coupons to its subscribers. Honey's analytics…
A: Given data: Honey receives revenue when customer use coupon = $1 Honey incurs a cost due to the…
Q: A business analyst wants to validate a standard time for an existing process of a work operation. A…
A: Standard deviation (s) = 30 seconds Average time (x¯)=300 seconds Confidence level =90% z score for…
Q: 4 tangible benefits the canal clearing project will bring to the people of Western Province where…
A: The Western Province's residents will see immediate advantages from the canal clearance project that…
Q: Suppose you have a choice of three projects to choose from. Here the expected profits from these…
A: a)
Q: Question 8 When looking at the entire industry, the main areas in a company's overall value chain…
A: A value chain is a systematic corporate strategy for taking a good or service from conception to…
Q: At the Qatar 2022 FIFA World Cup’s opening game on 20 November 2022, the iconic Al Bayt Stadium was…
A: The M/M/1 model refers to the single server model with exponential service time. There is no limit…
Q: Discuss the effects of corruption in an organization's value chain
A: ANSWER : An organisations' value chain consists of the relative multitude of activities and…
Q: Explain 'Decision Management' and 'Decision Control' and the 4 elements that make up the…
A: Decision Management refers to coming up with a strategy to make the business more advanced and swift…
Q: At the Qatar 2022 FIFA World Cup’s opening game on 20 November 2022, the iconic Al Bayt Stadium was…
A: The M/M/1 model refers to the single server model with exponential service time. There is no limit…
Q: Explain why multiple replications are needed when performing simulation analysis (Lean…
A: In the manufacturing industry, simulation is a very useful and helpful work tool. It may be applied…
Q: Martha Manufacturing makes three products. Each product requires manufacturing operations in three…
A:
Q: A toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The…
A: Given-
Q: Define project, matrix, and functional organizations. Describe the effects of each structure on…
A: Here, I would describe the three types of organizations, The various components of a company and its…
Q: Volvo Logistics handles shipping for Volvo Trucks NorthAmerica from two Factories. One of these…
A: This is a transportation problem, which can be solved by excel. Solver constraints:
Q: In quality management, it is a fundamental goal to identify processes that are out of control, to…
A: Quality management refers to the concept of maintaining a high and efficient standard of output in…
Q: In the proposal, plan, and schedule section of a business proposal, your goal is to explain your…
A: A business proposal is a document that aims to convince a company to purchase an item or service. A…
Q: ?Q) Solve the LPP problems below by using big M-Method MIN Z=8X1+2X2 S.T X1+2X2=66 X1+6X2268…
A: Given LLP- Min Z = 8x1 + 2x2Subject to-x1 + 2x2= 66x1 + 6x2≥ 68x1 + 4x2≤82x1,x2≥0
Q: tangible and intangib duct attributes are imp re important than inta ct attributos are impo
A: A potential buyer might pick what to buy based on the features that characterize the product—both…
Q: The Robotics Manufacturing Company operates an equipment repair business where emergency jobs arrive…
A: Find the Calculation methods below: Lq = (λ2)(σ2)+(λμ)22(1-(λμ))L= Lq + λμWq = LqλW = Wq+(1μ)Total…
Q: In a 3 x 3 transportation problem, let xij be the amount shipped from source i to destination j and…
A: Find the Given details below: Given details: 1 2 3 Supply ui 1 C11 C12 C13 15 -2 2 C21…
Q: a) Draw the network diagram b) c) d) Calculate the total duration of the project Identify the…
A: Forward Pass:Early Start (ES) = Max EF value from immediate Predecessor(s)Early Finish (EF) = ES +…
Q: 1. A company would like to invest in the metal stock market, and the maximum available investment is…
A: Given data is Metal Interest return ($) Maximum investment possible Gold 0.45 5,600,000…
Q: The muffler assembly fabrication cell now averages 18 assemblies per hour and the lead time has been…
A: Given, Container size C = 15 units Safety stock S = 12.5% Average demand D = 18 per hour Lead time L…
Q: In the basic EOQ model, if the cost of placing an order doubles, and all other values remain…
A: Let us assume that the initial order cost as "x" Now if we double the order cost it will be "2x" The…
Q: What is the major goal of an organization during the entrepreneurial stage of the organizational…
A: In the entrepreneurial stage of an organization's life cycle, alterations to an organization's…
Q: How do location analytics help in risk managment? (check all that apply) Provide real-time situation…
A: The economy as a whole has to reduce the negative effects of unanticipated occurrences, not just the…
Q: The Vice President of the Republic of Zambia launched a pilot project to clear canals on the Barotse…
A: Benefits from any project are of two types namely: Tangible Benefits - As the term says tangible…
Q: You have found the EOQ for a given item. The optimal time between replenishments (T*) is 9.3 weeks.…
A: Optimal Time between Replenishments is the time between orders is the optimal order size divided by…
Q: In Exercises 9-20, use the simplex method to solve the given linear programming problem. (In each…
A: Given LP- Max Z = x1 - x2 + 2x3Subject to-2x1 + 2x2≤8x3≤5x1,x2,x3≥0
Q: K sequence? OA. V OB. T O C. S OD. U OE. R Job RSTU> V Alpha 20 19 50 26 11 Beta 22 35 20 26 75
A: Given-
Q: This is not Clear, can you please do it WITHOUT excel, Just normal optimization model simplex…
A: Decision variables: S = Investment to be made in stocks (in million SEK) B = Investment to be made…
Q: gainesvile cigar stocks cuban cigars that have variable lead times because of the difficulty in…
A: Given data is Lead time (L) = 6 weeks Lead time standard deviation(sigma L) = 2 weeks Demand(D) =…
Q: ll of lading is a is ve and invoice th True 3) False
A: There are three primary goals of a bill of lading. It is first and foremost a title document for the…
Q: How does operation management affects the profitability of a business?
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: Four strategies that should be implemented during Lewin's providing support. building coalition.…
A: The process by which an organization describes and implements change within its internal and…
Step by step
Solved in 2 steps
- 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. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?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?8b) 7,000 drivers from Barrie drive southbound 5 days a week to see a billboard ad on Highway 400 (You cannot see the billboard going north). If we assume there are 200,000 total people in Barrie, what would the GRP per week for the billboard be for the target market of "the entire city of Barrie"?
- Franklin Tooling, Inc., manufactures specialty tooling for firms in the paper-making industry. All of their products are engineer-to-order and so the company never knows exactly what components to purchase for a tool until a customer places an order. However, the company believes that weekly demand for a few components is fairly stable. Component 135.AG is one such item. The last 26 weeks of historical use of component 135.AG is recorded below. Week Demand Week Demand 1 2 3 4 5 6 7 8 9 10 11 12 13 137 136 143 136 141 128 149 136 134 142 125 134 118 14 15 16 17 18 19 20 21 22 23 24 25 26 131 132 124 121 127 118 120 115 106 120 113 121 119 Use OM Explorer’s Time Series Forecasting Solver to evaluate the following forecasting methods. Start error measurement in the fifth week, so all methods are evaluated over the same time interval. Use the default settings for initial forecasts.i. Naïve (1-Period Moving Average)ii. 3-Period Moving Averageiii. Exponential Smoothing,…Given this frequency distribution, what demand values would be associated with the following random numbers? (Do not round intermediate calculations.) Demand Frequency 16 1 10 2 28 3 46 Random Number Simulated Demand 0.1 0.5 0.9 1.Assume Sandra's forecasted ADR for the night is $1600.99. What would be her estimated total room revenue for this day? ADR = Total room revenue / Number of rooms sold
- 4. CWD Business systems maintains a successful Telecom sales department for Top up call credit in which a clerk takes orders by telephone. If the clerk is occupied on one line, incoming phone calls to the department are answered automatically by an answering machine and asked to wait. As soon as the clerk is free, the party that has waited the longest is transferred and answered first. Calls come in at a rate of about 15 per hour. The clerk is capable of taking an order in an average of 3 minutes. Calls tend to follow a Poisson distribution, and service times tend to be exponential. The clerk is paid $15 per hour, but because of lost goodwill and sales, CWD loses about $30 per hour of customer time spent waiting for the clerk to take an order. Part B CWD is considering adding a second clerk to take calls. The store would pay that person the same $15 per hour. Using appropriate formula for the multiple channel model, answer the following questions: a. What is the probability that no…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 4,240 February 4,340 March 4,040 April 4,440 May 5,040 June 4,740 July 5,340 August 4,940 September 5,440 October 5,740 November 6,335 December 6,030 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 4 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…Problem 12-37 (Algo) A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 36 quarts per day and a standard deviation of 5 quarts per day. Excess costs run 50 cents per quart. The grocer orders 41 quarts per day. Use Table. What is the implied cost of shortage per quart? (Round your z value to 2 decimal places, your service level probability to 4 decimal places and your final answer to 2 decimal places.) Shortage cost per quart
- Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its production lines. Here is demand over the past 12 quarters: LAST THIS YEAR TWO YEARS AGO UNITS YEAR UNITS UNITS 4,785 3,495 2,696 3,475 3,210 2,078 2,705 1,695 I I I II 3,475 4,195 II II III III III IV 2,995 IV 2,375 IV Use the decomposition technique to forecast demand for the next four quarters. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Period Forecast (Units I II III IV1. Safety stock and service levels are positively correlated. True FalseWhat is the distinction between simulated and anticipated average demand: