Describe the necessity of computers in conducting a real world simulation in operations
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Describe the necessity of computers in conducting a real world simulation in operations ?
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- 1– Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to view any formulas used) and be sure to identify your answer, including units. You must have an excel file with formulas within the cell. 2. Gas & Go is considering offering movie rentals through a self-service company that would locate a machine on the inside of the market store. BlueBox would charge an annual lease fee of $500 for delivery, setup and maintenance, and there is an energy cost of $0.08 for every video rented. GreenFilms would charge an annual lease of only $400, but the energy cost for every video rental is $0.10 due to the larger size of the machine. Customers rent each movie for $1.00, regardless of the company, and the Gas & Go would earn 30% of that revenue for each rental. a. At what volume in number of rental transactions would the two options have the same cost?PleA 3 year-old a computer-controlled fabric cutting machine, which had a $25,000 purchasing price, has a current market (trade-in) value of $10,000 and expected O&M costs of $4,000, increasing by 1,000 per year. The machine is required to have an immediate repair that costs $2,000. The estimated market values are expected to decline by 20% annually (going forward). The machine can be used for another 7 years at most. The new machine has a $40,000 purchasing price. The new machine's O&M cost is estimated to be $4,000 for the first year, decreasing at an annual rate of $100 thereafter. The firm's MARR is 10%. Assume a unique minimum AEC(10%) for both machines (both the current and replacement machine). Using the information above, determine the economic service life along with the optimum annual equivalent cost of the defender (This is an infinite Horizon decision problem). a) n=4 and AEC=Between $8,400 and $8,800 b) n=4 and AEC=Between $8,000 and $8,400 c) n=5 and AEC=Between $8,400 and…
- establish the significance of random numbers in Monte Carlo simulations.Explain the principles of fluid mechanics and their applications in the design of pumps and compressors. How do engineers ensure efficient fluid transport in these systems?Read the scenario and then, using the table (if you prefer) , tell us the pros and cons for each of the options (A,B,&C) from both the customer and salesperson's perspective while considering the circumstances. Pros - Customer & Salesperson Perspective Cons - Customer & Salesperson Perspective option A Customer: Salesperson: Customer: Salesperson: Option B Customer: Salesperson: Customer: Salesperson: Option C Customer: Salesperson: Customer: Salesperson:
- Sturgill Manufacturing Inc. needs to predict the numbers of machines and employees required to produce its planned production for the coming year. The plant runs three shifts continuously during the workweek, for a total of 120 hours of capacity per week. The shop efficiency (the percent of total time available for production), which accounts for setups, changeovers, and maintenance, averages 70% with a standard deviation of 5%, which reduces the weekly capacity. Six key parts are produced, and the plant has three different types of machines to produce each part. The machines are not interchangeable as they each have a specific function. The time to produce each part on each machine varies. The mean time and standard deviation (in hours) to produce each part on each machine are shown below: Mean Time Part Type Machine A Machine B Machine C 1 3.5 2.6 8.9 2 3.4 2.5 8 3 1.8 3.5 12.6 4 2.4 5.8 12.5 5 4.2 4.3 28 6…A linear programming computer package is needed. Epsilon Airlines services predominately the eastern and southeastern United States. A vast majority of Epsilon's customers make reservations through Epsilon's website, but a small percentage of customers make reservations via phone. Epsilon employs call-center personnel to handle these reservations along with any problems with the website reservation system and for the rebooking of flights for customers if their plans change or their travel is disrupted. Staffing the call center appropriately is a challenge for Epsilon's management team. Having too many employees on hand is a waste of money, but having too few results in very poor customer service and the potential loss of customers. Epsilon analysts have estimated the minimum number of call-center employees needed by day of week for the upcoming vacation season (June, July, and the first two weeks of August). These estimates are given in the following table. Min s.t. Monday Tuesday…The capacity of a restaurant would be the Multiple Choice minimum operating cost of the restaurant during a workweek. average number of customers that visit the restaurant on weekends. maximum number of customers who can be effectively served at any one particular time. total number of customers who have visited the restaurant since its establishment. average number of employees who work in the restaurant on a normal day.
- In addition to the food ordering system, Bob and Thelma asked you to develop an employee management system as they have had the challenging task to administer and handle information for all the workers of Hoosier Burger. To have a reliable and up-to-date source of information concerning workers, they need a reliable, fast, readily accessible system from which they can refer and update employee information. When a new worker starts, the worker’s basic information needs to be entered into the new information system. There are different types of workers: cashier, delivery driver, cook, inventory worker. When a worker’s status changes, such change should be updated in the system. A change of workers status could be promotion, dismissal, reclassification, marital status, employment, transfer, 5termination etc. The employee management system should also act as a source of information for payroll. They need to maintain the wage rate of each employee and work hours to prepare their bi-weekly…Determine why simulation is such a common technique.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. Question Why is the capacity design important?