A company makes four products that have the following characteristics: Product Asells for $45 but needs $12 of materials and $11 of labor to produce; Product B sellsfor $80 but needs $25 of materials and $15 of labor to produce; Product C sells for$75 but needs $30 of materials and $15 of labor to produce; Product D sells for$120 but needs $75 of materials and $10 of labor to produce. The processingrequirements for each product on each of the four machines are shown in the table.Processing Time (min/unit)Work CenterABCDW122312X974008YZst43129710сл10Work centers W, X, Y, and Z are available for 40 hours per week and have no setuptime when switching between products. Market demand for each product is 80 unitsper week. In the questions that follow, the traditional method refers to maximizingthe contribution margin per unit for each product, and the bottleneck method refersto maximizing the contribution margin per minute at the bottleneck for each product.

Step 1: Contribution Margin per Unit for Each Product Step 2: Calculating the Contribution Margin…

Answered: A company makes four products that have…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter11: Simulation Models

Section: Chapter Questions

Problem 54P

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At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 = average; 4 = bad. The weekly revenue earned by a machine in state 1, 2, 3, or 4 is 100, 90, 50, or 10, respectively. After observing the condition of the machine at the beginning of the week, the company has the option, for a cost of 200, of instantaneously replacing the machine with an excellent machine. The quality of the machine deteriorates over time, as shown in the file P10 41.xlsx. Four maintenance policies are under consideration: Policy 1: Never replace a machine. Policy 2: Immediately replace a bad machine. Policy 3: Immediately replace a bad or average machine. Policy 4: Immediately replace a bad, average, or good machine. Simulate each of these policies for 50 weeks (using at least 250 iterations each) to determine the policy that maximizes expected weekly profit. Assume that the machine at the beginning of week 1 is excellent.
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Which of the following should NOT be included in the analysis of a new product? 1. money already spent for research and development of the new product II. reduction in sales for a current product once the new product is introduced III. increase in accounts receivable needed to finance sales of the new product IV. market value of a machine owned by the firm which will be used to produce the new product V. $1,000,000 the company spent 5 years ago to buy a machine which will be used to produce the new product I and III QI and V II, III, and IV I, II, and IV
Requlred Informatlon The Foundational 15 (Algo) [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, L01-6] [The following Information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit $ 6.80 $ 4.30 $ 1.60 $ 4.00 $ 3.80 $ 2.20 $ 1.20 $ 0.45 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Foundational 1-15 (Algo) 15. What Incremental manufacturing cost will Martinez incur if It increases production from 10,000 to 10,001 units? (Round your answer to 2 decimal places.) * Answer is complete but not entirely correct. Incremental cost per unit produced $ 14.35
please answer in 30 mins.
At an Oxford grocery store, the manager Jenny Produce buys lettuce each day to ensure really fresh produce. In her focus on quality, each morning any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week Jenny can buy fresh lettuce for $10.00 a box. The lettuce is sold for $22.00 a box and the dealer that sells old lettuce is willing to pay $2.00 a box. Past history says that tomorrow's demand for lettuce averages 270 boxes with a standard deviation of 44 boxes. How many boxes of lettuce should Jenny purchase tomorrow? (Use Excel's NORMSINV() function to find the Z-score. Round intermediate calculations to four decimal places. Round your answer to the nearest whole number.) I have asked this 3 times and nobody has got it right.
Which of the following is the correct equation for calculating net purchases? a. Purchases + return outwards- purchase discounts O b. Purchases - return inwards- purchase discounts O c. Purchases- return inwards + purchase discounts O d. Purchases - return outwards - purchase discounts
Which of the following statements is correct regarding the EMH form? Select one: None of the answers are correct If the market is weak-form efficient, then it is also semistrong and strong-form efficient. If the market is semistrong form efficient, then it is also strong form efficient If a market is strong-form efficient, it is also semistrong and weak form efficient If the market is strong-form efficient, it is also semistrong but not weak-form efficient
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Buy 99 is a wholesales company selling stationery. The company starts its order processing when it receives an order from the customer. After the company accepts the order, the clerk will check the order against the inventory; if the inventory has sufficient stock, the clerk will reserve the stock and charge the customer credit card for the order. If the inventory has insufficient stock, the clerk will notify the customer and ends the process. If the clerk charges the credit card successfully, the clerk will register the payment. At the same time, the clerk will also generate a pick-and-pack slip, followed by updating the inventory. After completing the registration of payment and the updating of inventory, the clerk will notify the customer. If the clerk did not charge the credit card successfully, the clerk will cancel the reservation of the stock and then notify the customer about the failure of the payment. Draw an Activity Diagram to document the above system.
can you explain the concept about outputs of coNNNNONication with some martrix model with examples ?
Maximize z=4x+5y Subject to: x+y<or=4 x-y>or=-2 x<or=3 x>or=0, y>or=0

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