ABC company is deciding where to assign its summer intern. The manager estimates that the intern can save $20,000 in the supply chain or increase sales (revenue) by$40,000. If sales (revenue) is divided into the three categories shown in the table, where should the manager assign the intern to maximize profits? Assume that thecompany has a current sales of $100,000.SalesSCPCProfitProductionIt doesn't matter whereSales100%40%30%30%Research and developmentSupply chain

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Answered: ABC company is deciding where to assign…

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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Dart is a product of the Digby company. Digby's sales forecast for Dart is 2067 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Dart's Production After Adjustment have to be in order to have a 10% reserve of units available for sale? a. 2053 units b. 2274 units c. 2260 units d. 2067 units
Answer properly please, and format your answer/work so it's clear to follow
A manufacturer and a retailer are evaluating to form a supply chain (i.e. to act like a single company). They are currently supplying winter gloves. The manufacturer is producing each pair of winter gloves at $3, and selling each pair to the retailer at $6. The retailer is selling to the customers at $12 per pair. The retailer is philanthropic and donates all unsold winter gloves to a nearby charity home at the end of the season. The customer demand at the retailer is uniformly distributed between 5 and 55. The retailer places only one order per season. Compute the expected profit with and without the supply chain relationship and comment if they should form such a supply chain relationship.
The preference of an agents on lotteries can be represented by an expected utility function u such that u(x) = 3y^1/2 -10. Then the agent is A) not risk averse B) risk loving C) risk neutral D) risk averse E) NOPAC
U-RIDE, Inc. currently produces the electric engines that are used in golf carts made and sold by the Company. Electco has offered to sell the electric engines to U-RIDE at a price of $277 each. Current production information follows: Unit-level material and labor 2$ 230 Facility-level depreciation of manufacturing equip. Product-level engine production supervisor's salary Annual facility-level utilities $ 6,100/month $ 3,100/month $20,500 Buying the engines will free up manufacturing capacity that could be used to make a new economy line golf cart that would produce an additional $11,600 profit per year. U-RIDE is currently operating profitably producing and selling 3,100 engines annually. Based on this information, which of the following is true? Multiple Choice The $111,600 is not relevant because it is an estimate. Buying the units would increase U-RIDE's cost by $35 per unit. of 10
The table above provides the aggregate plan of production by a firm. It is known that the firm uses a level plan with lost sales, i.e., without backorders. Given this information, what is the number in the cell that says xx?
A20
A company has the following demand data for the last three years of sales for their popular product B. There are currently 5 workers assigned to the production line, each capable of producing approximately 8 units per month. It is assumed that each month has the same number of production days. They can hire more workers at a hiring and training cost of $800 per worker. If they layoff any workers, the unemployment cost is $2,000 per worker. The product has a standard production cost (labor, material, and overhead) of $300 per unit. The extra cost to produce one unit on overtime is $50 and the maximum overtime is two units per month per worker. They can use inventory but it will cost them $25 per unit per month for any unit in inventory at the end of the month. Failure to meet market demand typically will imply the customer will buy from another supplier, and therefore cost the company $100 in profit. They currently have 0 units in inventory. a. Use the demand data to develop a forecast…
A warehouse manager at Mary Beth Marrs Corp. needs to simulate the demand placed on a product that does not fit standard models. The concept being measured is "demand during lead time," where both lead time and daily demand are variable. The historical record for this product, along with the cumulative distribution, appear in the table. Demand During Lead Time Cumulaive Probability Probability 120 0.01 0.01 140 0.12 0.13 160 0.35 0.48 180 0.20 0.68 200 0.04 0.72 220 0.08 0.80 240 0.20 1.00 The following random numbers have been generated: 9, 78, 40, 41, and 99. (Note: Assume the random number interval begins at 01 and ends at 00.) Based on the given probabilty distribution, for the given random number the demand during the lead time is: Random Number 9 78 40 41 99 Demand The average demand during the lead time is (enter your response as an integer). The total demand during the lead time based on the five simulations is (enter your response as an integer).
D4.
Cost Per Thousand CPM An advertising campaign features two print ads. One ad generates 15,007 exposures and cost $5,329. The second ad generates 19,223 impressions and cost $8,583. Calculate Cost Per Thousand for the campaign as a whole. (Rounding: penny.)

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