2 Question 2: Consider a manufacturing facility with 28 machines. These machines, on average, after beingrepaired work for 180 hours and take 9 hours to repair. Each repair costs 250 TL/repair. The hourly cost of amachine being repaired (downtime cost) is 300 TL/repair. The facility operates 10 shifts/week, 8 hr/shift,and 50 weeks/year. Calculate the availability of a machine. Calculate the expected number of machines inrunning condition if we visit the facility at a random time (hint: recall the Littles Law approach). Calculatethe total expected cost of repairs on all machines per year and the total expected cost of downtime of allmachines per year.Availability =ex: 78.4%Expected Num ofMachines Runningex: 42.6Total ExpectedCost of RepairsTL/yrex 210943TL/yrTotal ExpectedCost of Downtimeex 353670

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Answered: and 50 weeks/year. Calculate the…

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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Subject: Engineering Management, Ch. 3 - Planning Technical Activities Please explain each of the content of Human Resources Plan The human resources plan must contain the following: •Personnel requirements of the company •Plans for recruitment and selection •Training plan •Retirement plan
Q.14. What do you mean by organising function? Explain the common type of organisational structures adopted by the companies these days? (10)
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45) Muscat Company is a multinational company dealing with various perfumes in Sultanate of Oman. The Total Cost is OMR 50,000, Sales OMR 80,000, Original Investment is OMR 300,000 and Average profit is OMR 40,000. Based on the given details calculate Return on Investment of the company? a. 26.66 % b. 16.66% c. None of the Options d. 13.33%
Q.No.2: Determine the type of scale (Nominal, Ordinal, Interval or Ratio) for the following examples. Age: _______________ Qualification: Intermediate Bachelor Master Phil. & Above Total work Experience in years: 1-5 6-10 11-15 16 & above Type of Organization ORIC R&D Firm Think tank Salary More than 15000 More than 25000 More than 45000 More than 95000 I love gardening. 1)Strongly Agree 2) Neutral 3)Disagree
15 If two variables were perfectly correlated, what would the coefficient of correlation r equal? Select one: a. -1 b. 0 c. none of the above d. -1 or 1 e. 1
5) Sometimes it is appropriate to take a job instead of a career. Explain at least two situations where this would be true.
A.3 Yellowburn University, a not-for-profit higher education organization, has the following mission statement: ‘We aim to deliver excellent tuition in state-of-the-art facilities to help develop socially responsible students and to contribute to global academic research.’ Which TWO of the following would be appropriate objectives to fit in with this mission? To deliver the best possible lessons. Each member of staff is to write two research papers for publication over the next two years. To increase car parking space at the university by 10% in the next 12 months to improve access. To get 15% of all students to receive first class honors degrees each year. To ensure 100% attendance from all students for every lecture.
Year Quarter Period Cost/Unit ($) 1 1 1 $20.00 2 2 $17.23 3 3 $13.39 4 4 $17.94 2 1 5 $20.29 2 6 $25.61 3 7 $22.62 4 8 $29.63 3 1 9 $23.87 2 10 $20.35 3 11 $26.32 4 12 $25.50 4 1 13 $20.90 2 14 $28.48 3 15 $32.65 4 16 $25.78 5 1 17 $28.90 2 18 $32.61 3 19 $28.66 4 20 $25.27 6 1 21 $25.80 2 22 $35.71 3 23 $27.26 4 24 $27.89 7 1 25 $28.50 2 26 $28.64 3 27 $32.52 4 28 $28.24 8 1 29 $37.95 2 30 $28.59 3 31 $37.07 4 32 $38.16 Use simple linear regression analysis to find the estimated parameters for the line that minimizes MSE for this time series. (Round your answers to two decimal places.) b0= b1= (c) What is the average cost increase (in $) that the firm has been realizing per quarter? (Round your answer to two decimal places.) $ (d) Compute an estimate of the cost/unit (in $) for the next quarter. (Round your answer to two decimal places.) $
10
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