PV = RP = AC = EV = CV = SV = CPI = SPI = EAC = ETC =
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Your team has a plan to build 100 gadgets in 10 weeks.
The plan is to make 10 gadgets per week (10 gadgets per week x 10 weeks = 100 gadgets).
The plan states that:
During the first 4 weeks, it should cost $1,000 each week to make 10 gadgets per week.
The next 6 weeks it should cost $500 each week to make 10 gadgets per week because of the efficiency gains.
At the end of the 8th week (i.e. finished the 8th week and getting ready to start the 9th week), the team has made 60 gadgets and has spent $7500.
At the end of week 8, what are PV (Planned Value), RP (Rate of Performance), AC (Actual Cost), EV (Earned Value), CV (Cost Variance), SV (
(Please Show work for each)
Provide your answer for Question in this area and expand it out as necessary.
PV =
RP =
AC =
EV =
CV =
SV =
CPI =
SPI =
EAC =
ETC =
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- 1. A company wishes to estimate the profit from two new products. The estimated cost of producing the first product is €3 per unit and it is expected to sell for €5 per unit while the second product costs €5 per unit and is expected to sell for €8 per unit. The first product takes 1 hour of packaging time per day while the second one takes 2 hours of packaging time per day. The time taken for delivery of the first product is 2 hours while the second takes just 1 hour to deliver. The total time available in the packaging and delivery sections is 6 and 8 hours per day respectively. (a) Formulate the linear programming problem. (b) Solve the problem to find the optimum solution. Clearly label and show the feasible solution space on your diagram. (c) Over what range can the coefficient for the first product vary in the objective function before the current solution is no longer optimal? (d) Over what range can the coefficient for the second product vary in the objective function before…Is the following statement correct? Vertical integration is the process of a company expanding its operations either backward into an industry that produces inputs for the company’s products, such as raw materials or product components. For example, producing car batteries is an input of the automotive industry but can also be integrated vertically. Vertical integration can also be done forward into an industry that uses, distributes, or sells the company's products and it moves to the final delivery of the product to the customer. The parallel shifts from car ownership to the mobility of demands change the automotive industry. Car manufacturers test different business models, such as car sharing, in order to morph into mobility providers which is a typical forward integration strategy. Please choose an answer: True Not correctA company gives each worker a cash bonus every Friday, randomly giving a worker an amount with the probabilities: $10 0.9, $50 0.1. Over many weeks, what is a worker's expected weekly bonus? 1. (10 + 50)/2=$30 2. 10 x 0.9 + 50 x 0.1=$14 3. (10 x 0.9 + 50 x 0.1) / 2=$7 4. (10 + 50) / 10= $6
- 1. Power Notebooks, Inc. plans to manufacture a new line of notebook computers. Management is trying to decide whether to purchase the LCD screens for the computers from an outside supplier or to manufacture the screens in-house. The screens cost $100 each from the outside supplier. To set up the assembly process required to produce the screens in-house would cost $100,000. The company could then produce each screen for $75. The number of notebooks that eventually will be produced (Q) is unknown at this point. a. Set up a spreadsheet that will display the total cost of both options for any value of Q. Use trial-and-error with the spreadsheet to determine the range of production volumes for which each alternative is best. b. Use a graphical procedure to determine the break-even point for Q (i.e., the quantity at which both options yield the same cost). 2. Back Savers is a company that produces backpacks primarily for students. They are considering offering some combination of two…Choose the incorrect option: a. Time is not a neutral factor. b. Time is a neutral factor. c. Everything can be done in less timeAn engineer failed to finish its building construction contract on time. With this, a penalty of P10,000 will be paid for each day that passes beyond the date of contract. According to the engineers estimate, if the construction will continue with the same number of workers, the project will be finished 30 days after the contract date. But the engineer also has an option of hiring more workers to hasten the construction process. Every additional worker, the engineer has to pay P3,000 per day and every 3 additional workers the construction period will be lowered down by 1 day. But, the engineer can only hire 21 workers. If you are the engineer, what method are you going to follow so as to incur a lesser amount of extra construction cost? Just pay P10,000 per day for 30 days? Or just hire additional workers to lower down the construction time?
- Problem : During a month, a machine runs for 600 hours. The machine was under breakdown for 60 hours. There was industrial unrest resulting in idle time of 60 hours. Assume 30 days months of 24 hours a day work. The maintenance workers are paid incentive as per the following details. Breakdown%. Incentive <5%. 100 5-10%. 50 7-11%. 0 (i) What is the incentive amount actually paid in the month? (ii) What is the overall productivity?What is the minimum cost of crashing the following project that Roger Solano manages at Slippery Rock University by 4 days? Normal Crash Activity Time (days) Time (days) A BUDI The total cost of crashing the project by 4 days is $ C E 68458 5 6335 Activity BCDE Normal Cost By how many days should each activity be crashed to reduce the project completion time by 4 days? Fill in the table below. (Enter your responses as whole numbers.) с $900 $300 $500 $900 $1,000 Total Cost with Crashing Immediate Predecessor(s) $1,000 $400 $600 $1,200 $1,600 (Enter your response as a whole number.) Each Activity Should be Reduced BY (days) | | | < 0the market in the small rural town of centerville has been very hot. values are leveling off but single family residences remain scarce . a potential buyer asks about the advisability of buying some farmland outside of town to develop into single family lots for sale to builders. she has noticed several builders already getting ready for new subdivisions by preparing new lots . how might a broker best advise this potential buyer. a) he should suggest to this potential buyer that her timing is perfect. The slowing residential market will give her a chance to get the lots ready and she can probably pre-sell some to builders and raise some cash. Since strong markets usually last a decade or more, she should line up her financing and get started. b) in a cycle like the one described, builders always play "follow the leader". The builders obviously will sell their new homes quickly and a broker should encourage this potential buyer to go ahead with her plan to she can be ready to profit by…
- (d) The company only has 4 workstations available. If it only operates its 4stations, how many weeks does it need to meet the production requirements?(e) The company has other contracts it needs to satisfy. Working on themugs more than 4 weeks means it will have to cancel another contract,incurring a penalty of $4,500. Each new workstation costs the company$2,500. What should the company do: cancel the contract or buy therequired workstations?In a 50 bedded hospital a housekeeping team member’s task is to change linens every day across all the beds. This task is routine. She goes to the storage area for fresh linens on her floor and finds none. She goes to another floor, and perhaps another, and ultimately finds them, then returns to the task she was trying to accomplish in the first place. At the end of the shift, however, others would bet that this Team Member would not able to get everything done. Or she had to hurry to complete changeover across all the beds. Perhaps, the work left undone would invariably pass to someone else and would disrupt their work.How do you relate this case to types of waste in lean management or Kaizen? (Explain in 300 words)You are setting up a new production line for a new type of delivery drones. You observed that the cost for the 10th unit was $6296.33 and the cost for the 80th unit was $4146.15. a) What is the K for the learning curve model of this production line? b) What is the s for the learning curve model of this production line? c) At which unit does its production cost start to be less than $1500?
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