Hickory Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years.1 2 3 4 58690YearForecast demandCurrently the manufacturer has seven machines that operate on a two-shift (eight hours each) basis. Thirty days per year are available for scheduled maintenance of equipment with no process output. Assume there are250 workdays in a year. Each manufactured good takes 20 minutes to produce.a. What is the effective capacity of the factory? Round your answer down to the nearest whole number.units, yearb. Given the five-year forecast, how much extra capacity is needed each year? Use a minus sign to enter an answer, if there is excess capacity, Round your answers to the nearest whole number.Year1Additional machines needed2124Extra capacity needed (units)C. Does the firm need to buy more machines? If so, how many? When? If your answer is zero, enter "0". Round your answers up to the nearest whole number.4345PE

Answered: a. What is the effective capacity of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 45% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only production change that will be made in order to meet the increased demand. The bakery currently makes 1,500 loaves per month. Employees are paid $8 per hour. In addition to the labor cost, Charles also has a constant utility cost per month of $550 and a per loaf ingredient cost of $0.40. Current multifactor productivity for 640 work hours per month = loaves/dollar (round your response to three decimal places).
Please complete all work in excel. Use excel to make any necessary calculations and be sure to identify your answer, including units (if necessary). Answers that need formulas must have them within the answer cell to receive full credit. City is trying to determine future demand for their public pool in order to help with staffing decisions. City thinks that demand could be related to temperature in Fahrenheit. Below is the most recent data from the last two weeks. Pool Attendance Temperature (°F) 150 89 100 82 125 81 130 86 155 93 170 98 200 99 180 87 190 88 140 83 120 82 90 81 130 87 120 93 What is the regression equation? Use the equation to forecast pool attendance if temperature is 88°
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In exponential smoothing method, which one of the following statements is true? O a. Alpha is between 0 and 1, and high value of alpha is used for stable demand O b. Alpha is between 0 and 1, and high value of alpha is used for unstable demand O c. Alpha is greater than 1, and high value of alpha is used for stable demand O d. Alpha is greater than one, and high value of alpha is used for unstable demand O e. Alpha is negative, and high value of alpha is used for stable demand US PAGE acer F2 F3 F4 F5 F6 F7 Coc) F8 F9 F10 F11 图, 2$
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answer 321 is incorrect
. An airline company must plan its fleet capacity and its long-term schedule of aircraft usage. For one flight segment, the average number of customers per day is 70, which represents a 65 percent utilization rate of the equipment assigned to the flight segment. If demand is expected to increase to 84 customers for this flight segment in 3 years, what capacity requirement should be planned? Assume that management deems that a capacity cushion of 25 percent is appropriate.
Design capacity is the ability of the company to produce the quantity of goods and services within a particular period of time when the company have best condition to produce and when the company have unlimited resources. These resource's includes- Men, Machinery, Material etc. It shows the maximum capacity of the company to produce. Effective capacity refers to the ability of the company to produce maximum quantity within a particular period of time to achieve in current production condition and current resources. It shows the real outcome capacity of the firm when the company produce within their own current condition of their production. In design capacity it is assume that the company will produce in best and ideal condition to produce goods and services while in Effective capacity it is assume that company will produce in current operating conditions. In design capacity it is assume that the company have unlimited resource's. It means these resource's include:- Men,…
A process requires a 20 second setup for each batch. When producing, the process can produce one unit every 12 seconds. Demand for the product is 7 units per minute. With a batch size of 20 units, what is the process utilization? Note: Do not round your intermediate calculations. Round your answer to 2 decimal places
A Company Is Considering Buying One Of The Following Two Machines. Show the complete solution for each question.
A company evaluate its hiring cost is RM150 per worker and layoff cost is RM200 per worker. Currently the company has 20 workers and based on forecast demand, the actual workers required to meet January demand is 25 workers. Calculate the hiring cost or layoff cost for that month. * O RM750 O RM350 O RM250 O RM1,000

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