Imagine that you are a project manager. Your manager assigns you 50% of a business analyst, then asks you to propose options for how you would like to share that resource with another project. Now that you know about % allocations, list 3 options for "how to split a resource's allocation between 2 projects."
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- The below is an extract from the fixed asset register of ABC Ltd as at 31 December 2019Date of PurchaseCostuseful lifeLand1-Jan-306,000,000.000Building28-Feb-172,000,000.0020Vehicle:650,000.00Toyota Hilux1-Oct-19 350,000.005Ford Ranger30-Jun-17 300,000.005Furniture and Fittings1-May-20150,000.002Activities throughout the 2020 Financial Period:1. New Machinery have been purchased on 01 April 2020 at a Cost of N$ 4000,000. The machinery has been installed on the 15 April 2020 and was available for use on the 01 May 2020. Machinery is the only property plant and equipment of the company that is measured according to the revaluation method.1.1. On the 30th of October 2020 management decided to revalue the machinery due to a drastic decline in the revenue from sale of machinery produced inventory.Net replacement cost for the machine as at the 30th of October 2020 is N$2 000 000.2. The Toyota Hilux was involved in an accident on 1 October 2020 due to the floods and was written off by the…You work for the Brad's Nailer Company which manufactures two types of nailers: a pneumatic model and a cordless model. You have contracted to supply a national retail chain with both pneumatic nailers and cordless nailers. However, Brad's nailer production capability is limited in three departments: production, testing, and packaging. Your answer will be the production hours needed to execute a production plan that minimizes costs - rounded to the nearest whole hour. (The number of nailers may not be a whole number, which is acceptable in this chapter.) Use Scenario 2 Pneum. Cost Pneum. Prod Hrs Pneum. Test Hrs Pneum. Pkg Hrs Pneum. Sales Cordless Cost Cordless Prod Hrs Cordless Test Hrs Cordless Pkg Hrs Cordless Sales Prod Hrs max Testing Hrs max Pkg Hrs max Scenario 1 Scenario 2 Scenario 3 52 0.2 0.3 0.1 22,000 67 0.3 0.4 0.1 15,500 10,000 15,000 4,800 55.50 0.4 0.3 0.1 24,500 69.75 0.3 0.5 0.1 15,500 20,000 18,000 4,200 38.50 0.25 0.4 0.1 18,000 44 0.4 0.4 0.2 14,000 20,000 18,000…It is summertime and your winter coat factory is trying to decide its production schedule and staffing level for the next season. You are forecasting a demand of 5000 coats in October, 8000 coats in November, 8000 coats in December, 12000 coats in January, 12000 coats in February, and 9000 coats in March. You want to manufacture these coats at the lowest cost possible/ The first decision you need to make is how many people to hire. Each employee will cost $2500 a month. You don’t want to hire or fire any employees mid-season in order to minimize disruptions in your factory floor. You can have employees idle if there isn’t sufficient work for them to do. Employees still need to be paid even if they are idle. An employee works 20 business days a month and takes half a day to produce one coat. The employees can also be asked to work overtime, in which case you need to pay them $70 per coat they produce. You don’t need to assume there is any capacity constraint on the number of overtime…
- (A little sensitivity analysis.) You are given the final chart, with the optimal solution, for a transportation problem; note that the cell in the (4, 2) position is blank, i.e., the variable x42, with an objective coefficient (unit cost) of C42 = 18, is nonbasic. What range of values of c42 will keep the solution in the chart optimal? Hints: In this method, how do we tell that our latest solution is optimal? Temporarily replace the cost of 18 with C42. 10 (3 15 14 12 4 4 18 14 3 12 26 5 20Assuming your company is producing Apple and Samsung phone cases. It is required to process in the assembly and paint shops to make either phone case. It takes 1/60 of a day and 1/40 of a day to paint an Apple case and a Samsung case in the paint shop, respectively. It takes 1/50 of a day to assemble either type of case in the assembly shop. An Apple phone case and a Samsung phone case yield profits of $300 and $220, respectively, per case sold. What is a maximum-profit daily production plan for your company?Your town is considering updating one of the local parks. They created a linear program that had the following constraints: 1. Spend no more than $100,000 2. Spend no more than $50,000 on new playground equipment 3. Put in at least three basketball courts After running the linear program, the town saw that the program was infeasible. The town has decided to make constraints 1 & 2 goals, instead of hard constraints. How many decision variables would need to be added to the town's linear program, in order to turn it into a goal program with two soft constraints that allow deviation in both directions?
- Williams & Williams Co. produces plastic spray bottles and wants to earn a before-tax profit of$200,000 next quarter. Variable cost is $0.50 per bottle, fixed costs are $400,000, and the selling priceis $1 per bottle. How many bottles must the company sell to meet its profit goal?The following is a breakdown of supplying and installing a piece of equipment to a project owner, atthe time of contract: EGPCost of equipment 250,000Manpower (installation) 50,000Overhead and profits 70,000i – Calculate the price of supplying and installing the equipmentii – If the supply and installing of the equipment was delayed by the project owner, calculate theescalated price of works based on the FIDIC Red Book 1990 formula given:Updated cost of equipment 270,000 EGPBase price index of manpower 123.2Updated price index of manpower 144.9Can anyone solve this problem? 1.Draw a network to represent the sequence ofstages involved in the preparation of budgets.2. Can the whole process be completed withinthe required period of 17 weeks?3. If it is necessary to reduce the time taken tocomplete the budgeting process, which stagesshould be investigated and why?4. Explain the difference between total float, freefloat and independent float. Show that stage 1has a free float of 3 weeks, of which 2 weeksare independent float.
- You were assigned as a project manager for a residential project in North Lebanon. You estimate that the plot will require somewhere between 10,000 square meters and 12,000 square meters of land. The building will have a foot print of 8,000 meters. The rest will be used for gardening and planting trees. You want to benefit from the current LBP conditions and would like the project to be done before 2025. You envision a five story building and a penthouse. The garden will include orange and cherry trees with some bushes. The building will have upscale electrical and mechanical finishing. The super structure will be made from RC with an outside cladding of natural stones. Many of the materials will be imported from outside the country and this might add extra risks due to the political and health conditions globally and in Lebanon. 1- Make all the assumptions you need to plan the project using the following activities: Excavation, foundation, super structure, electro mechanical works,…Four proposals are being considered with investment and NPW shown below. C can only beconsidered if B is implemented. B and D and E are mutually exclusive. The budget is $80.A B C D EInvestment $10 $20 $30 $40 $50NPW $34 $28 $20 $16 $32a) Formulate this as a 0-1 integer program (objective function and constraints).b) Use trial and error to find all feasible solutions, and indicate which is optimal.c) Set up this problem in Excel, and use Solver to find the same optimal solutionUSCA Oil is a privately-held firm, owned by three families. They have two plants in the US (one in Dallas and one in Indianapolis) and one plant in Canada (Edmonton). They also have acquired a small lab in Grand Rapids, Michigan. Except for one item, all the items below can potentially cause a principal-agent problem. Choose the item that does not cause such a problem. 1. Expanding their NPD group, the managers in Indianapolis plant are hiring two highly educated engineers. 2. The manager of the Dallas plant is hiring a new HR Director. 3. To organize lab operation in Michigan, the owners have asked the previous manager of the Edmonton's plant to become the manager of their newly-acquired lab. 4. One of the owning families plans to sell half of its existing stocks to the other two families, with equal shares. #2 is not correct