A semiconductor manufacturer produces a particular solid-state module that itsupplies to four different television manufacturers. The module can be producedat each of the corporation's three plants, although the costs vary because ofdiffering production efficiencies at the plants. Specifically, it costs 110 units toproduce a module at plant A, 95 units at plant B and 103 units at plant C. Monthlyproduction capacities of the plants are 7500, 10000, and 8100 modules,respectively. Sales forecasts project monthly demand at 4200, 8300,6300 and2700 modules for television manufacturers i, II, IllI and IV respectively. If the costfor shipping a module from a factory to a manufacturer is as shown below, find aproduction schedule that will meet all needs at minimum total cost.| ||| III| IVA191913111611421131154

Answered: A semiconductor manufacturer produces a…

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...

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The Petoskey Potato Chip Company produces 3 varieties of gourmet potato chip. The varieties and average daily demand are given below: Bar-B-Que: 325 cases/day Sour Cream & Onion: 215 cases/day Classic Cut: 360 ases/day The company runs 24 hours/day and can produce 1,300 cases of potato chips per day. Each case of potato chip costs $20 to produce and Petoskey assumes 18% of this cost as the annual holding cost. It takes Petoskey 5 hours to setup for production of a different variety at a cost of $715. Calculate the minimum cost cycle time in days. Answer: 25.2 How is this calculated?
BRIGHT BOOK STORE Bright Books is a book store chain established 10 years ago in northern Michigan. Bright Books has had great success in Michigan and Ohio and is beginning to expand into other states. Most recently, executives have decided to open a store in Orlando, Florida. Approximately 20% of Orlando's population is over the age of 55. Orlando's Hispanic/Latino population is growing and is currently 18.2% of the city's total population. The manager who has been chosen to open the store is Carmen Flux. Carmen, a graduate of a Human Resource Management program, is excited about her organization's commitment to diversity initiatives in employment as well as its more recent strategic focus on offering products that best meet the needs of the surrounding community. For example, knowing that many of the residents are retirees and that planning for several new retirement communities in the area is currently underway, she plans to hire employees who understand what the customers want in…
ABC Apple Juice Company produces and markets fresh fruit juice. During the apple harvest season, trucks bring apples from the fields to the process plant during a workday that runs long hours from 7AM. On peak days, approximately 3,000 kg of apples are trucked in per hour. Trucks dump their contents in a holding bin with a storage capacity of 9,000 kg. When the bin is full, incoming trucks must wait until it has sufficient available space. A conveyor moves apples from bin to the processing plant. The plant is configured to process apples at the rate of 2,000 kg per hour. Trucks arrive uniformly between 7:00AM to 5:00PM. Each truck holds about 1,000 kg of apples. The truck drivers are paid at the rate of $10 per hour. As ABC makes fresh juice, it does not store apples. Processing plant starts at 10:00AM and ends when all the apples received during the day have been processed. It takes 2 hours to clean the empty plant that must be kept ready for the next day production. Trucks are owned…
A company possesses two manufacturing plants, each of which can produce three products, X, Y, and Z, from a common raw material. However, the proportion in which the products are produced differs in each plant, and so are plant's operating costs per hour. Data on production per hour and costs are given below, together with current orders in hand of each product. Products Operating cost per hour Y Plant A 4 9. Plant B 4 2 10 Orders on hand 50 24 60 Formulate the above as a linear programming problem. Find the number of production hours needed to fulfill the orders on hand at minimum cost using the using Big M method.
Companies like Microsoft and Apple started selling tablets in place of laptops. Many customers switched their purchases from laptops to Tablets. Most of the functions of laptops were also performed by the tablets. Many laptop producers started losing customers. The competitive force mentioned in this scenario is O a. Rivalry among existing competitors. O b. Bargaining power of the suppliers. O c. Threat of substitutes. O d. Bargaining power of the producers.
Hudson Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands of dollars) depends on demand as follows: Demand Staffing Options High Medium Low Own staff 600 550 350 Outside vendor 900 650 450 Combination 700 600 400 a. If the demand probabilities are 0.4, 0.25, and 0.35, which decision alternative will minimize the expected cost of the data processing operation? Own Staff What is the expected annual cost associated with that recommendation? If required, round your answer to the nearest thousand of dollars. Expected annual cost = $ ___________
Dairy company SG is producing milk at a fixed rate of 5,000 gallons/hour. The total customer order over a day is 100,000 gallons of milk. This demand is distributed evenly from 8:00 am to 6:00 pm. If there is no milk available, customers will wait until enough is produced to satisfy your orders. The company starts to produce at 8 am with 25,000 gallons in finished goods inventory. In the end, after that all the demand has been met, the plant continues producing until the stock of products finished is restored to 25,000 gallons. When answering the following questions, please address the trucks / milk as a continuous flow process. Start by drawing a graphic indicating how much milk is in stock and how much milk is “on hold” throughout the day. a) At what time of day will customers have to wait for their orders to be filled? b) At what time will customers stop waiting? c) Suppose the milk is collected in trucks with a capacity of 1,250 gallons each. What is the maximum number of trucks…
Beeson Co. is experiencing a decrease in sales and operating income for the fiscal year ending December 31st. Julia Faure, controller of Beeson Co., has suggested that all orders received before the end of the fiscal year be shipped by midnight, December 31st even if shipping department must work overtime. Since Beeson Co. ships all merchandise FOB shipping point, it would record all such shipments as sales for the year ending December 31st, thereby offsetting some of the decreases in sales and operating income.Discuss whether Julia Faure is behaving in a professional manner and what are the implications of her actions?
LPM Corp. produces and sells two types of frozen burgers, Turkey Burgers and Veggie Burgers. In the most recent month, the firm sold 12,000 Turkey Burgers and 8,000 Veggie Burgers. Turkey Burgers sold for $14.00 per box and variable costs were $7.40 per box. The Veggie Burgers sold for $16.00 per box and variable costs were $8.25 per box. The fixed expenses of the entire company were $41,160. If the sales mix were to shift toward the Turkey Burgers product line with total sales volume remaining constant at 20,000, the overall break-even point for the entire company:
A company owns a 5-year-old turret lathe that has a book value of $23,000. The present market value for the lathe is $18,000. The expected decline in market value is $1,700/year to a minimum market value of $4,080; maintenance plus operating costs for the lathe equal $4,470/year.A new turret lathe can be purchased for $46,000 and will have an expected life of 8 years. The market value for the turret lathe is expected to equal $46,000(0.70)k at the end of year k. Annual maintenance and operating cost is expected to equal $1,900. Based on a 12% MARR, should the old lathe be replaced now? Use an equivalent uniform annual cost comparison, a planning horizon of 7 years, and the cash flow approach.EUAC for keeping old turret lathe: $EUAC for replacing turret lathe: $
An electronics firm is currently manufacturing an item that has a variable cost of $0.50 per unit and a selling price of $1.10 per unit. Fixed costs are $15,000. Current volume is 30,000 units. The firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $5,600. Variable cost would increase to $0.65 and the selling price would be revised to $1.30 with the expectation that the volume would be 50,000 units as a result of a higher-quality product. If the firm does not add new equipment, its profit will be =_____ dollars (round your response to the nearest whole number and include a minus sign if the profit is negative).
The County Transportation Department needs to determine usage factors by day of the week for a popular toll bridge connecting different parts of the city. In the current study, they are considering only working days. Suppose that the numbers of cars using the bridge each working day over the past four weeks were (in thousands of cars) Find the seasonal factors corresponding to daily usage of the bridge.

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