solve manually Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights toys. Thecompany operates its production facility 300 days per year. It has an order for about 12,000flashing lights per year and has a capability of producing 100 per day. Setting up the lightproduction costs $50. The cost of each light is $1. The holding cost is $0.10 per light per year.a. What is the optimal size of the production run?b. What is the maximum inventory (Imax)?c. What is the average holding cost per year?d. What is the average set-up cost per year?e. What is the total cost per year including the cost of the lights?

Answered: Image /qna-images/answer/bd845173-d8a3-426e-90f9-20fbde30b3dc.jpg

Answered: production costs $50. The cost of each…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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what is the expected payoff $____
Last year, Martina opened an investment account with $7200 . At the end of the year, the amount in the account had decreased by 24.5% . How much is this decrease in dollars? How much money was in her account at the end of last year? Decrease in amount: $ Year-end amount: $
Considering the concept of constraint management, what are a few of the challenges of managing bottlenecks in manufacturing processes OR service processes. What are the necessary actions needed to identify and relieve these bottlenecks.
1. Explain (2) possible risks of working at a fuel supply plant 2. Explain The important of training for those working at a fuel supply plant.
Types of problem are: А. occurred and available problem В. presented and constructed problem C. make and settle problem D. others and solve problem
a) Suppose you walk into a large supermarket at 2 am with a friend. Your friend says, "I can't believe that these stores stay open all night. Only one out of fifteen checkout lines is open. There can't be more than ten shoppers in this store. It just doesn't make any sense for this store to be open all night." What conditions must be true for it to be to the advantage of the supermarket to stay open all night? b) Your friend has a large garden and grows fresh fruit and vegetables to be sold at a local "farmer's market." Last year your friend was the only worker in the garden, without any additional workers. However, this year your friend hired a worker and production more than doubled. He comments "Next summer, I think I'll hire another two workers (so total workers including myself would go up from 2 to 4) and my output should again more than double". Is it likely that he could hire more workers and always continue to reap greater than proportional increases in production? Why?
Problem 13-21 (Algorithmic) A real estate investor has the opportunity to purchase land currently zoned residential. If the county board approves a request to rezone the property as commercial within the next year, the investor will be able to lease the land to a large discount firm that wants to open a new store on the property. However, if the zoning change is not approved, the investor will have to sell the property at a loss. Profits (in thousands of dollars) are shown in the following payoff table: State of Nature Rezoning Approved Rezoning Not Approved Decision Alternative S1 S2 Purchase, d1 630 -220 Do not purchase, d2 0 0 a. If the probability that the rezoning will be approved is 0.5, what decision is recommended?Recommended decision = PURCHASE What is the expected…
Problem 7-09 (Algorithmic) Hawkins Manufacturing Company produces connecting rods for 4- and 6-cylinder automobile engines using the same production line. The cost required to set up the production line to produce the 4-cylinder connecting rods is $1,400, and the cost required to set up the production line for the 6-cylinder connecting rods is $3,100. Manufacturing costs are $15 for each 4-cylinder connecting rod and $18 for each 6-cylinder connecting rod. Hawkins makes a decision at the end of each week as to which product will be manufactured the following week. If a production changeover is necessary from one week to the next, the weekend is used to reconfigure the production line. Once the line has been set up, the weekly production capacities are 6,500 6-cylinder connecting rods and 8,200 4-cylinder connecting rods. Let X4 = the number of 4-cylinder connecting rods produced next week X6 = the number of 6-cylinder connecting rods produced next week S4= 1 if the production line is…
Problem 2. An electric switch manufacturing company has to choose one of three different assembly methods. Method A will have first cost of $ 40,000, an annual operating cost of $9,000 and a service life of 2 years. Method B will cost $80,000 to buy and will have an annual operating cost of $6,000 over its 4 year service life. Method C will cost $130,000 initially with an annual operating cost of $4,000 over its 8-year life. Methods A and B will have no salvage value, but method C will have some equipment worth an estimated $12,000. Which method should be selected? Use present worth analysis at an interest rate of 10% per year.
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Answer the following homework question
Use the following for the next 2 questions: A company forecasts that it will ship 120,000 boxes of product in June. The product has a monthly turnover of 3. The company plans to use its facility to ship 80,000 boxes and the balance of the 40,000 boxes will ship from a rented facility. Space may be rented for a charge of $7 per box per month with an in-and-out handling charge of $0.45 per box shipped. 1. What is the rented (fixed) storage cost for June? - $280,000 - $180,000 - $42,500 - $250,000 - $93,333 - $153,333 - $173,333 2. What is the rented variable cost for June? - $33,333 - $43,333 - $6,000 - $38,000 - $18,000 - $28,000 - $23,333

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