Find the minimum cost.
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The Janie Gioffre Drapery Company makes three types of draperies at two different locations. At location I, it can make 10 pairs of deluxe drapes, 20 pairs of better drapes, and 13 pairs of standard drapes per day. At location II, it can make 20 pairs of deluxe, 50 pairs of better, and 6 pairs of standard per day. The company has orders for 3000 pairs of deluxe drapes, 6300 pairs of better drapes, and 1800 pairs of standard drapes. If the daily costs are $750 per day at location I and $900 per day at location II, how many days should Janie
location I | days | |
location II | days |
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- Macon Controls produces three different types of control units used to protect industrial equipment from overheating. Each of these units must be processed by a machine that Macon considers to be their process bottleneck. The plant operates on two 8-hour shifts, 5 days per week, 52 weeks per year. The table below provides the time standards at the bottleneck, lot sizes, and demand forecasts for the three units. Because of demand uncertainties, the operations manager obtained three demand forecasts (pessimistic, expected, and optimistic). The manager believes that a 25 percent capacity cushion is best. i Demand Forecast Component A B C Time Standard Processing (hr/unit) 0.04 0.20 0.05 Setup (hr/lot) 1.0 4.4 8.5 Lot Size (units/lot) 50 75 100 Demand Forecast Pessimistic Expected 16,000 17,000 10,000 12,000 18,000 24,000 a. How many machines are required to meet minimum (Pessimistic) demand, expected demand, and maximum (Optimistic) demand? (Enter your responses rounded up to the next…Consider the below scenario: Caribbean Energy (CE) has recently taken over a fuel supply plantwhich is in close proximity to one of its competitors. The collection point for both fuelcompanies is located at the same seaport. The general manager of CE intends to hire a consultantto train CE’s employees regarding the new procedures for affixing the fuel lines at the collectionpoint to the high-capacity storage tanks. The Safety Officer is debating whether the competitorshould be invited to attend, given that they use the same seaport, as well as, mandating that allnon technical staff be in attendance at the training. The General Manager (GM) is mindful ofthe high cost of hiring the consultant and sourcing the equipment to train CE’s employees and istherefore hesitant to invite his competitors. The GM is also aware that there have been noaccidents at the port since operations started 10 years ago and might not invite the competitors toparticipate in the training. The GM decides, based on…Consider the below scenario: Caribbean Energy (CE) has recently taken over a fuel supply plant which is in close proximity to one of its competitors. The collection point for both fuel companies is located at the same seaport. The general manager of CE intends to hire a consultant to train CE’s employees regarding the new procedures for affixing the fuel lines at the collection point to the high-capacity storage tanks. The Safety Officer is debating whether the competitor should be invited to attend, given that they use the same seaport, as well as, mandating that all non-technical staff be in attendance at the training. The General Manager (GM) is mindful of the high cost of hiring the consultant and sourcing the equipment to train CE’s employees and is therefore hesitant to invite his competitors. The GM is also aware that there have been no accidents at the port since operations started 10 years ago and might not invite the competitors to participate in the training. The GM…
- Background: Imagine you work for an e-commerce company that specializes in selling fashion apparel and accessories online. The company has been experiencing a steady growth in customer acquisition but has been facing challenges in retaining these customers. The executive team is concerned about the increasing customer churn rate and wants to develop strategies to improve customer retention. Business Problem: The primary business problem is to reduce customer churn and increase customer retention rates. The company wants to understand why customers are leaving and identify areas where they can make data-driven improvements to retain more customers. This is a critical issue because acquiring new customers is often more expensive than retaining existing ones, and loyal customers tend to spend more over time. Business Research Question: What factors are associated with customer retention? Identify the type of research, i.e., exploratory, descriptive, causal. What type of data will…Thermo is a plastic supply and custom fabrication company. Thermo serves clients in the medical, solar, and semiconductor industries by making acrylic and polycarbonate sheets, tubes, and rods. The company employs approximately 500 workers at its facility in Ohio. Safety is a top priority at Thermo, and supervisors are required to conduct daily inspections of all equipment. Recently, three workers were seriously injured by a large press used to mold plastic parts. The workers spent time in the hospital for hand injuries, and they are currently recuperating at home. As a result, top management is evaluating all aspects of safety at the facility to determine what changes need to be made.Broha Company manufactured 1,500 units of its only product during 2019. The inputs for this production are as follows: 450 pounds of Material A at a cost of $150 per pound 300 pounds of Material H at a cost of $2.75 per pound 300 direct labor hours at $20 per hour The firm manufactured 1,800 units of the same product in 2018 with the following inputs 500 pounds of Material A at a cost of $1.20 per pound 360 pounds of Material H ata cost of $2.50 per pound 400 direct labor hours at $18 per hour Round all calculations to 2 significant digits. In 2019, the partial direct labor operational productivity is.
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