Describe the process of using simulation-based optimization to address the challenges of designing and analyzing mechanical systems for extreme conditions.
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Describe the process of using simulation-based optimization to address the challenges of designing and analyzing mechanical systems for extreme conditions.
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- Opunul Corporation has two manufacturing departments--Molding and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: Molding 6,500 $ 29,000 Finishing Total Estimated total machine-hours (MHs) 3,500 10,000 Estimated total fixed manufacturing overhead cost $ 6,000 $ 35,000 Estimated variable manufacturing overhead cost per MH 2$ 2.50 2$ 5.00 During the most recent month, the company started and completed two jobs-Job A and Job M. There were no beginning Inventories. Data concerning those two Jobs follow: Job A Job M Direct materials $17,200 $24,100 2,500 2,500 $10,900 $10,600 4,000 1,000 Direct labor cost Molding machine-hours Finishing machine-hours Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 20% on manufacturing cost to establish selling prices. The calculated selling price for Job A is closest to: (Round your Intermedlate calculatlons…In the manufacture of paper products, automation is used to increase productivity while reducing human resource requirements. Mechanical faults, which can severely reduce output, occur more frequently because people are not involved in much of the production process. These problems need to be caught quickly. One method for discovering these faults is through vibration analysis. Each type of problem generates a different type of vibration. The paper industry uses _____ to determine the type, severity, and location of vibrations in its machinery as well as to create a timetable for maintenance activities. A. trend analysis B. expert systems C. decision support systems D. executive information systems E. RAID systemsCan you solve it mathematically using an equation?
- Discuss the application of numerical methods and simulation techniques in solving complex system models, such as those in environmental modeling or financial systems.According to the latest unemployment report, American manufacturing added 24,000 jobs last month but in Skowhegan Maine more than 300 manufacturing jobs at a New Balance shoes plant could be on the line in the face of new competition overseas. Employees at the plant, like Skip Bowman, know that his company would make more money if it would shut down the plant and move his job oversees. He says that every day he walks through the doors; he is part of the effort to keep the factory going. New Balance is the last major brand to produce athletic shoes in the U.S. About 25% of its manufacturing is still in New England where it has operated for nearly a 100 years. The privately owned company says it is committed to its American workers. In discussions with Pat Welch, plant manager for New Balance, he says that if they were thinking about the bottom line and only the bottom line, New Balance wouldn’t be here (Skowhegan Maine). In the backdrop of plant operations, Welch interacts with workers…Read and answer questions about the following virtual case. ABC FOOD COMPANY The ABC Food Company is a food industry company that produces frozen meat, and Mortadella. It has a staff of 360 employees. The company is located about 20 km from Salalah. About 35% of the employees are women. The company consists mainly of four sections: production, Marketing, HR, and finance. There is one manager for each department. Mr. Mohamed Al-Ahmad is the director of the production and development department. He is the oldest employee of the company. He was hired because of his experience in the field of food production. He holds a certificate from the Mediterranean Institute for Food Industries. He worked as a quality controller in a large company outside Oman for 20 years, His colleagues consider him an efficient and moderate engineer. He spends much of his time over the past month developing a long-term plan to develop an effective decision-making model for future spending on equipment and…
- Demand is forecasted using the following regression equation: D = 100 + 15(t) where “t” is a specified future time period. The current time period is 0 (t=0). The machines used to make this product have a capacity of 50 units/time period. The company currently has 4 machines yielding a total capacity of 200 units/time period. Due to technology changes, the current equipment will become obsolete at the end of period 15. If a new machine costs $2000, and the net revenue earned per unit is $10, how many machines should be added between today (t=0) and the end of period 15?According to the latest unemployment report, American manufacturing added 24,000 jobs last month but in Skowhegan Maine more than 300 manufacturing jobs at a New Balance shoes plant could be on the line in the face of new competition overseas. Employees at the plant, like Skip Bowman, know that his company would make more money if it would shut down the plant and move his job oversees. He says that every day he walks through the doors; he is part of the effort to keep the factory going. New Balance is the last major brand to produce athletic shoes in the U.S. About 25% of its manufacturing is still in New England where it has operated for nearly a 100 years. The privately owned company says it is committed to its American workers. In discussions with Pat Welch, plant manager for New Balance, he says that if they were thinking about the bottom line and only the bottom line, New Balance wouldn’t be here (Skowhegan Maine). In the backdrop of plant operations, Welch interacts with workers…Explain the term “Constrained Optimization” as Thaler used in the first chapter of Misbehaving.
- Read and answer questions about the following virtual case. ABC FOOD COMPANY The ABC Food Company is a food industry company that produces frozen meat, and Mortadella. It has a staff of 360 employees. The company is located about 20 km from Salalah. About 35% of the employees are women. The company consists mainly of four sections: production, Marketing, HR. and finance. There is one manager for each department. Mr. Mohamed Al-Ahmad is the director of the production and development department. He is the oldest employee of the company. He was hired because of his experience in the field of food production. He holds a certificate from the Mediterranean Institute for Food Industries. He worked as a quality controller in a large company outside Oman for 20 years. His colleagues consider him an efficient and moderate engineer, He spends much of his time over the past month developing a long-term plan to develop an effective decision-making model for future spending on equipment and…Read the following passage and answer the question that follows Quincy Snodgrass Enterprises—Forecasting Quincy Snodgrass is an entrepreneur and a lover of the outdoors. He has worked for various companies since he graduated college with his business administration degree in management. Over the years, he has saved every extra penny and now has the starting capital he needs; consequently, he plans to open his own business. Quincy plans to open a landscaping business. The primary services he’ll offer are grass cutting, edging, and bush trimming. Obviously, this will only provide income in the spring, summer, and early fall. Therefore, he plans to offer snow removal in the winter. His goal is to continue to provide those baseline services and expand into actual landscaping work. Quincy’s initial challenge is to develop a forecast of how many customers he’ll have each month. This is essential to determine if he needs to hire any additional labor throughout the season. Unfortunately, none…What is the difference between the analysis space and design space in an optimization process?