Tim Urban, owner/manager of Urban'sMotor Court in Key West, isconsidering outsourcing the dailyroom cleanup for his motel to Duffy'sMaid Service. Tim rents an average of50 rooms for each of 365 nights (365 x50 equals the total rooms rented forthe year). Tim's cost to clean a room is$13.50. The Duffy's Maid Service quoteis $19.00 per room plus a fixed cost of$26,000 for sundry items such asuniforms with the motel's name. Tim'sannual fixed cost for space,equipment, and supplies is $65,000.Based on the given information relatedto costs for each of the options thecrossover point for Tim = room nights (round your answer to the nearestwhole number). If the number of roomnights is less than the crossover pointthe (not outsourcing, outsourcing) isthe best option available to Tim. Basedon the given room nights that Timexpects to rent (18,250) the best optionis (outsourcing, not outsourcing).

Breakeven analysis is a common method for determining the profitability of a business. It deduces…

Answered: equipme and supplie $63 Based on the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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OPERATION RESEARCH
Director of legal services of ABC Company must decide whether to hire another full-time lawyer or to hire part-time lawyers. Anticipated costs for the two options under three possible demand levels are given in the table below: States of Nature Low Medium High Alternatives Demand Demand Demand Hire full-time $460 $380 $430 Hire part- $560 $500 $770 time Probabilities 0.25 0.25 0.5 What is the EMV of the best decision? Specify only the amount. e.g. 350 Answer:
reeway company introduces an improved version of an PC product in 2021; it is likely that the demand for the existing PC will decline because customers will buy the improved version. The decline in demand for the original product is not indicated by historical data. your opinion about the historical demand data will be: a. the historical demand is still useful in that it allows the firm to estimate the combined total demand for the two versions b. the historical demand is not useful. c. the historical demand is still useful in that it allows the firm to estimate the demand for the old version only d. the historical demand is still useful in that it allows the firm to estimate the demand for the new version only
Below are the market prices and historical prices that your company has been paying for three different purchasing teams. Which of the purchasing teams is performing the BEST? Steel Paper Fuel a) Steel Ob) Paper PPI (Market) Oct-19 173.7 176.3 166.8 Oct-20 191.7 186.5 187.6 O) Fuel O d) None of the teams are performing well Oe) There is not enough information to make a determination Actual (Historical) Oct-19 2.25 27 132.75 Oct-20 3 28.8 145
I need question D solved please (a) What was their average aggregate inventory value? =46,410,239(b) What was their average inventory (measured in weeks of supply)? =6.97(c) What was their inventory turnover?=7.1771BIT operates on a build-to-stock policy, and therefore stores its finishedgoods in a warehouse capable of housing up to 70,000 units. Its annual overhead cost (fixed cost) is $117,000; and it costs $3/unit to house the finished goods. BIT has been approached by a warehouse company offering to house the finished goods for a unit cost of $4.5/unit, with an annual contract cost of $30,000. (d) Should BIT continue operating its own warehouse, or should it employthe warehouse company? Why?
bus ules des cussions zzes Please refer to the Network Diagram below. Let Xij represent the number of units shipped from i to j, where i= 1, 2, 3 and j-4, 5, 6. The objective function is to minimize overall transportation cost while making sure all demand is met. Answer each question independently of the other questions. Unit shipping costs are intentionally hidden from the diagram. Supply 100 50 50 Plants 2 Retailers Demand 50 25 110 Under which of the following situations (consider them separately) would we have demand shortages? I. Route 1-6 is removed.
The ticket for Marwan Khoury's concert is tangible; however the concert itself cannot be seen before the concert's date and time, a characteristic known as service Maman Kheuny 小te O Perishability O Intangibility O Inseparability Variability
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Use a mixed strategy - level of procuction (Jan-June) and chase demand (July- September with a support of overtime and sub-contracting not more than two workers and no limid for back orders. Jan 1000 Feb 2750 March 1250 April 1500 May 2250 June 1750 July 2750 August 2250 Sept 2500 Current work force 10 workers Production per worker Inventory holding cost Regular wage rate Overtime wage rate Sub-contracting wage rate Back-ordering wage rate Hiring cost Firing cost Beginning inventory 250 units per month S0.50 per unit per month $50.00 per unit S60.00 per unit $70.00 per unit $90.00 per unit $500 per worker S800 worker per 250 units Mth Regular Production Ending Back Order Demand OT S/k Workers Inventory J F M A. M J J Total Kos (Cost:
Imagine that you own a bakery! Your bakery sells cookies and brownies only. To run your bakery successfully, you must determine the production cost for each item, as well as, your maximum production cost for each day. Create a business plan for your bakery! Your business plan must include the following: • The cost to produce a cookie • The cost to produce a brownie • Your maximum production costs per day • The system of inequalities that describes these restrictions • A graph of your system including the shaded solution region
Create the following: • How do to inventory in supplies? • Seasonal Buildups? • Lead time for ordering/service? Details of the business is in the photo attached

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