A company wishes to produce two types of souvenirs: Type A and Type B. Each Type A souvenir will result in a profit of $0.80, and each Type B souvenir will result in a profit of $1.80. To manufacture a Type A souvenir requires 2 minutes on Machine I and 1 minute on Machine II. A Type B souvenir requires 1 minute on Machine I and 3 minutes on Machine II. There are 2 hours available on Machine I and 5 hours available on Machine II. (a) For a meaningful solution, the time available on Machine II must lie between 12 X min. (Enter your answers from smallest to largest.) (b) If the time available on Machine II is changed from 300 min to (300 + k) min, with no change in the maximum capacity for Machine I, then Ace Novelty's profit is maximized by producing 60-k X Type A souvenirs and 240 + k X Type B souvenirs, where -240 ✓ sks 60 X and 96 (c) Find the shadow price for Resource 2 (associated with constraint 2). (Round your answer to the nearest cent.) $216 X
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- 1) An operator is used for loading and unloading of parts to automated machines. Loading time is 1 minute; unloading time is 2 minutes, machining time is 30 minutes, Operator travel time between the machines including the inspection time is 4 minutes. Cost of operator is C₁=40 TL/Hour, cost of a machine is C₂-200 TL/Hour. What is the cost per unit of production if optimum number of machines is assigned to the operator? (Note: Times are given in minutes and costs are per hour) a) 231 TL/unit b) 6930 TL/unit c) 115.5 TL/unit d) 240 TL/unit e) 132 TL/unit 2) An operator is used for loading and unloading of parts to automated machines. Loading time is 1 minute; unloading time is 2 minutes, machining time is 30 minutes; Operator travel time between the machines including the inspection time is 4 minutes. Cost of operator is C1=40 TL/Hour; cost of a machine is C₂=200 TL/Hour. How many machines (integer number) should be assigned to the operator so that the total operator and machine costs…The Decision Sciences Department is trying todetermine whether to rent a slow or a fast copier. Thedepartment believes that an employee’s time is worth $15per hour. The slow copier rents for $4 per hour and it takesan employee an average of 10 minutes to complete copying(exponentially distributed). The fast copier rents for $15 perhour and it takes an employee an average of 6 minutes tocomplete copying. An average of 4 employees per hour needto use the copying machine (interarrival times areexponential). Which machine should the department rent?Before completing production, a product must passthrough three stages of production. On the average, a newproduct begins at stage 1 every 6 minutes. The average timeit takes to process the product at each stage is as follows:stage 1, 3 minutes; stage 2, 2 minutes; stage 3, 1 minute.After finishing at stage 3, the product is inspected (assumethis takes no time). Ten percent of the final products arefound to have a defective part and must return to stage 1 andgo through the entire system again. After completing stage3, 20% of the final products are found to be defective. Theymust return to stage 2 and pass through 2 and 3 again. Onthe average, how many jobs are in the system? Assume thatall interarrival times and service times are exponential andthat each stage consists of a single server.
- . A group of students organizes a bake sale in which they sell hundreds of cookies at $1per piece. They set up a table on campus and wait for students to come and purchasetheir cookies. Consider the following variables in this bake sale operation:1. Size of the cookies2. Weather conditions on campus3. Organization of the table4. Number of cookies sold5. Competition from other fund-raisers coinciding on campus6. Amount of advertising and shouting of the students at the bake sale table7. Number of students on campus that dayWhich of these variables is an output variable?a. 3b. 4c. 5d. None of the aboveAn injector machine goes down roughly 20% of the time (the injector gums up and needs to be cleaned, a quick process). One operator is assigned to service three identical such machines. Each machine can produce 100 parts/h if running properly (i.e., not down). The operator is paid $10/h and each machine costs $20/h to operate. Consider 8hr/shift a) Please fill in the table below: b) How many parts can you produce per shift? c) What is the unit cost fper part for this operation? d) If you hire another operator at the same rate to assist the first operator, what is the unit cost now? e) Is it worth hiring another operator at the same rate to assist the first operator, in case more than one machine goes down at the same time?Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins working on a bag when a customer order has been received and then she makes the bag from beginning to end. The average production time of a bag is 1.7 days, with a standard deviation of 3 days. Larry expects to receive one customer order per day on average. The interarrival times of orders have a coefficient of variation of one. X Answer Is complete but not entirely correct. (Carry at least 4 decimal places in all intermediate calculations. Round your final answer to 2 decimal places.) What is the expected duration, in days, between when an order is received and when production begins on the bag? 30.39 8 days
- In a furniture manufacturing facility, there is a drilling shop with semi-automated machines. For an operator, it takes 20 seconds for a worker to move from one machine to the other. To load a drilling job to the machines a worker spends 3 minutes. Once loaded machines finish the drilling job in 4 minutes. The worker spends 40 seconds to conduct a quality check for the finished parts. If two machines are allocated to a worker which of the following will be true? Machines will have idle time Neither machines nor the worker will have idle time The worker and the machines both will have idle time Worker will have idle timeThe annual maintenance costs of a machine that has been in use for 3 years are 300 TL, 350 TL and 375 TL, respectively. The machine is expected to be available for 8 years after purchase. The maintenance costs foreseen for the coming years are 400 TL in the first year and 150 TL in the following years. If the machine is sold today, it can be sold for 1500 TL, and in the following years for 1000 TL. What is the optimum regeneration time of the machine if the MCVO is 10%?A company that operated 10 hours a day manufactures two products on three sequential processes. The following table summarizes the data for the problem: Which of the following is the most appropriate representation for variables x and y for the given situation? a.) x is the # of units of Product 1 to be procured; y is the # of units of Product 2 to be procured. b.) x is the # of units of Product 1 to be produced; y is the # of units of Product 2 to be produced. c.) x is the # of units of Product 1 to be stored; y is the # of units of Product 2 to be stored d.) x is the # of units of Product 1 to be delivered; y is the # of units of Product 2 to be delivered.
- A company makes two products (A and B). Each product requires time on two machines 1 and 2. the specifications for each product are as follows Product A Product B Processing time on machine 1 (hrs/unit) Processing time on machine 2 (hrs/unit) Material and labor cost (Sh./ unit) Selling price (Sh./ unit) Maximum possible sale (units) 2 1 2 14 15 16 18 130 150 The amount of time available on machine 1 is 360 hrs and on machine 2 is 260 hrs. Using simplex method determine the number of product A and B, which should be sold in order to maximize total contribution for the company.The Flip Chip Company manufactures nacho chips, potato chips, and related products. There has been a problem in the manufacture of nacho chips. The process begins with the mixing of water, corn and lime (called the MASA). A mixer can produce a batch of 300 lbs of MASA in 2 minutes. The MASA is then cooked. This takes 30 minutes. Only 95% of the MASA makes it to the ovens and of that only 75% is transferred to the next step. There are four ovens. The next step is chip making. The MASA is extruded into the chip itself and the chips are baked. There are 2 chip machines. A total of 950 chips/minute are produced (each chip weighs approximately .5oz). The yield from this process is 72%. The chips are then placed in 20 oz bags. This step takes 2 seconds for each bag. Where is the bottleneck? What recommendation would you make?A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who produced an average of 78 carts per hour. Workers receive $10 per hour, and machine coast was $36 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $13 per hour while output increased by four carts per hour.a) Compute the multifactor productivity (MFP) (labor plus equipment) under the Prior to buying the new equipment. The MFP (carts/$) = (round to 4 decimal places).b) Compute the % growth in productivity between the Prior to and after buying the new equipment. The growth in productivity = % (round to 2 decimal places)