Bruno Fruscalzo decided to set up a small production facility in Sydney to sell to local restaurants that want to offer gelato on their dessert menu. To start simple, he would offer only three flavors of gelato: fragola (strawberry), chocolato (chocolate), and bacio (chocolate with hazelnut). After a short time he found his demand and setup times to be Fragola Chocolato Bacio Demand (kg/hour) 10 15 5 Setup time (hours) 3/4 1/2 1/6 Bruno first produces a batch of fragola, then a batch of chocolato, then a batch of bacio and then he repeats that sequence. For example, after producing bacio and before producing fragola, he needs 45 minutes to set up the ice cream machine, but he needs only 10 minutes to switch from chocolato to bacio. When running, his ice cream machine produces at the rate of 50 kg per hour no matter which flavor it is producing (and, of course, it can produce only one flavor at a time). Questions: Suppose Bruno wants to minimize the amount of each flavor produced at one time while still satisfying the demand for each of the flavors. (He can choose a different quantity for each flavor.) If we define a batch to be the quantity produced in a single run of each flavor, how many kilograms should he produce in each batch? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Given your answer in part (a), how many kilograms of fragola should he make with each batch? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Given your answer in part (a), what is the average inventory of chocolato? (Assume production and demand occur at constant rates.) (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Bruno Fruscalzo decided to set up a small production facility in Sydney to sell to local restaurants that want to offer gelato on their dessert menu. To start simple, he would offer only three flavors of gelato: fragola (strawberry), chocolato (chocolate), and bacio (chocolate with hazelnut). After a short time he found his demand and setup times to be
|
|
Fragola |
Chocolato |
Bacio |
|
Demand (kg/hour) |
10 |
15 |
5 |
|
Setup time (hours) |
3/4 |
1/2 |
1/6 |
Bruno first produces a batch of fragola, then a batch of chocolato, then a batch of bacio and then he repeats that sequence. For example, after producing bacio and before producing fragola, he needs 45 minutes to set up the ice cream machine, but he needs only 10 minutes to switch from chocolato to bacio. When running, his ice cream machine produces at the rate of 50 kg per hour no matter which flavor it is producing (and, of course, it can produce only one flavor at a time).
Questions:
- Suppose Bruno wants to minimize the amount of each flavor produced at one time while still satisfying the demand for each of the flavors. (He can choose a different quantity for each flavor.) If we define a batch to be the quantity produced in a single run of each flavor, how many kilograms should he produce in each batch? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
- Given your answer in part (a), how many kilograms of fragola should he make with each batch? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
- Given your answer in part (a), what is the average inventory of chocolato? (Assume production and demand occur at constant rates.) (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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