A company produces Carburetor type K and P with the following demand forecasts.Month 1Month 2Type KType P●●60000330000400000240000Month 3220000240000Month 42900003000004 type machine, 500,000 units per year machines are available for Type K production.3 operators are required per machine.3 machine, 200,000 units per year machines are available for Type P production. 3operators are required per machineHow much capacity is used and what are the machine and labor requirements?

A company produces carburetor type K and P with the following demand forecasts.MONTH 1MONTH 2MONTH…

Answered: A company produces Carburetor type K…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Cox Electric makes electronic components and has estimated the following for a new design of one of its products: Fixed Cost = $3,000 Material cost per unit = $0.15 Labor cost per unit = $0.10 Revenue per unit = $0.65 Production Volume = 12,000 Per-unit material and labor cost together make up the variable cost per unit. Assuming that Cox Electric sells all it produces, build a spreadsheet model that calculates the profit by subtracting the fixed cost and total variable cost from total revenue, and answer the following questions. (a) Construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value; that is, breakeven is when total revenue = total cost, yielding a profit of zero. Vary production volume from 5,000 to 50,000 in increments of 5,000. In which interval of production volume does breakeven occur? to units
A local electricity company produces and distributes electricity to residential customers. The firm is a monopoly and it is regulated such that p = MC. The firm faces the following demand function: p = 800 – 2g and its total cost function is: C = 22500 + 200g + q². a) Find the deadweight loss that would result if this company was allowed to operate as a profit maximizing firm, compared to the situation under regulation. b) Calculate the Lerner index of Monopoly Power at the profit maximizing point.
A factory has two production lines A and B, production line A works 7 days a week, production line B works only 5 days a week. Production line A produces 5000 items each day where 82% of the produced items are high quality and the rest are of medium quality. Production line B produces 3500 items each day where 67% of the produced items are high quality, 13% medium quality, and the rest are of low quality. All items produced after working for many weeks are accumulated in a warehouse. If an item is tested and found to be of medium quality, what is the probability that if was produced by production line B. The answer should be a number rounded to five decimal places, don't use symbols such as % Finish attempt . ump to
The Ace Manufacturing Company has orders for three similar products. Orders (units) 2,200 Product A B C с 1 2 Machine 3 Three machines are available for the manufacturing operations. All three machines can produce all the products at the same production rate. However, due to varying defect percentages of each product on each machine, the unit costs of the products vary depending on the machine used. Machine capacities for the next week and the unit costs are shown below. A A B B C с Product 1 2 3 300 1,400 Capacity (units) 1,800 1,700 800 1 Machine 2 3 $1.00 $1.30 $1.10 $1.20 $1.40 $1.00 $0.90 $1.20 $1.20
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A factory works 8 hours a day, producing three products namely A, B and C. each of these products is processed in three different operations namely 1, 2 and 3. The processing times in minutes for each of these products in each of the operations are given below along with utilization of the processes and the cost and price in kwachas for each of these three products which have unlimited demand. Product Processing time (mins) in operation Cost/unit Price/unit 1 3 (K) (K) 1 10 16 2 1 4 10 Utilisation 80% 70% 90% Formulate a linear programming model for this problem Detemine the optimal product mix using the simplex method. iii. Give the interpretations for the values obtained in the final simplex table 529 ABC
Replace the March demand forecast 510 by C. During a 46-day period when there were 120 workers, the firm produced 1,700,000 cookies. Assume that there are 100 workers employed, and C cookies in inventory at the beginning of month 1 (January). Further assume that the inventory carrying cost cI = $0.10/cookie/month, employee hiring cost cH = $100/work, and cost of firing one worker cF = $200/worker. It is required that the inventory level at the end of month 12 (December) is 2C. use the Constant workforce plan (level strategy): Find the minimum constant workforce needed to meet all monthly demands (i.e, back order not allowed). Computer the total cost including employee hiring or firing cost (which occurs only at the beginning of month 1), and inventory carrying cost.
2

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