A bicycle component manufacturer produces hubs for bike wheels. Two processes arepossible for manufacturing, and the parameters of each process are as follows:Process 1Production rateDaily production timeProcess 235 parts/hour4 hours/day20%15 parts/hour7 hours/day9%Percent parts rejectedAssume that the daily demand for hubs allows all defect-free hubs to be sold. Select theprocess that maximizes profit per day if each part is made from $4 worth of material andcan be sold for $30. Both processes are fully automated, and variable overhead cost ischarged at the rate of $40 per hour.

Answered: A bicycle component manufacturer…

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...

See similar textbooks

Similar questions

BMW announced the implementation of their new ‘iFactory’ strategy - A single production line can create many drive types and vehicle models because of the company’s flexible production structures. Therefore, they can quickly respond to fluctuations in demand Therefore, BMW says it is investing massively in the restructuring of competencies in the areas of quality, logistics, maintenance, E/E, e-mobility and digital planning. Accordingly, more than 50,000 BMW Group employees have already qualified themselves for use in electromobility. What will be the consequences for the employees and the threats to the company?
The casting method adopted for ornaments and toys of non-ferrous alloys, is_ a•permanent mould casting b•slush casting c•die casting d•centrifugal casting
The following table provides a random sample of the unit values and annual demands of eight SKUs. SKU Code Unit Value Demand (units) A104 $0.02 D205 $2.60 X104 $4.80 U404 $2.50 L205 $0.36 S104 $0.84 X205 $4.35 L104 $0.23 4,500 30 25 2,500 1,040 380 70 250 Southern Markets Inc. is considering the use of ABC analysis to focus on the most critical SKUs in its inventory. a. Based on the percentage of dollar usage, which class should L205 belong to? Class b. Based on the percentage of dollar usage, which class should L104 belong to? Class
All determinant factors have no significant effect on solid waste management practices.
What kind of information is stored in the various fields of a process control block?
Two years ago Top-Slice Company moved from just making golf balls to also producing oversized drivers. Top-Slice makes three different models: the Bomber, the Hook King, and the Sir Slice-A-Lot. As the names suggest, the last two clubs help correct for golfers who either hook or slice the ball when driving. While Top-Slice is pleased with the growing sales for all three models (see the following tables), the numbers present Jacob Lee, the production manager, with a dilemma. Jacob knows that the current manufacturing work cell is capable of producing only 2,700 drivers a month, and total sales seem to be rapidly approaching that number. Jacob’s staff has told him it will take at least three months to plan for and implement an expanded work cell. Develop a forecast for Top-Slice Company. Which forecast model works best? Why? Suppose information is received that makes clear that sales are expected to go down. How would this affect the choice of a forecasting model?
S&OP is typically a(n) ________ firm process. Group of answer choices External Internal None of these answers
The Gamer Company is a video game production company that specializes in educational video games for kids. The company’s R&D department is always looking for great ideas for new games. On average, the R&D department generates about 25 new ideas a week. To go from idea to approved product, the idea must pass through the following stages: paper screening (a 1-page document describing the idea and giving a rough sketch of the design), prototype development, testing, and a focus group. At the end of each stage, successful ideas enter the next stage. All other ideas are dropped. The following chart depicts this process, and the probability of succeeding at each stage. The paper screening for each idea takes 2 hours of a staff member’s time. After that, there is a stage of designing and producing a prototype. A designer spends 4 hours designing the game in a computer-aided-design (CAD) package. The actual creation of the mock-up is outsourced to one of many suppliers with essentially…
Using the sample data given in Table 2-20, it is assumed that all the 10 styles are made in Hong Kong and that Wally’s initial production commitment must be at least 10,000 units. A recommendation is made about how many units to produce each style given in the initial production. Style Price Laura Carolyn Greg Wendy Tom Wally Average forcast Standard Deiation 2x standard deviation First-period production 1 µ σ MAX (0, µ - kσ) Gail $110.00 900 1000 900 1300 800 1200 1017 194 388 605 Isis $99.00 800 700 1000 1600 950 1200 1042 323 646 357 Entice $80.00 1200 1600 1500 1550 950 1350 1358 248 496 832 Assult $90.00 2500 1900 2700 2450 2800 2800 2525 340 680 1804 Teri $123.00 800 900 1000 1100 950 1850 1100 381 762 292 Electra $173.00 2500 1900 1900 2800 1800 2000 2150 404 807 1294 Stephanie $133.00 600 900 1000 1100 950 2125 1113 524 1048 1 Seduced $73.00 4600 4300 3900 4000 4300 3000 4017 556 1113 2836 Anita $93.00 4400 3300 3500 1500 4200…
The term "process view of organizations" refers to the fact that a process includes manufacturing and services only. a process includes manufacturing only. a process includes any part of organization including accounts payables and receivables. a process includes services only. None of these answer choices
What theoretical challenges arise in the modeling of phase change materials?.
GMPs are a combination of manufacturing and management practices aimed at ensuring that food products are consistently produced to meet specifications and customer expectations. GMPs requirements related to the design and layout of food plants include: • Single-floor versus multistory buildings • Land space for future expansion• Waste disposal • Building details (drainage, doors, lighting,ventilation, plumbing) how can we apply GMPs into yogurt manufacturer

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS