The cost information of an old process unit that has a capacity of 5,400 ft/hr and a total cost of $8,500,000 is used to find the cost of a new unit that has a capacity of 8,500 ft/hr. Assuming the total cost of the new unit is $12,000,000 you are required to state: 1. The method and equation that you will use to find that cost, The value of the corresponding factor, 2. 3. Is the value calculated in (2) within the accepted range?
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- At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 = average; 4 = bad. The weekly revenue earned by a machine in state 1, 2, 3, or 4 is 100, 90, 50, or 10, respectively. After observing the condition of the machine at the beginning of the week, the company has the option, for a cost of 200, of instantaneously replacing the machine with an excellent machine. The quality of the machine deteriorates over time, as shown in the file P10 41.xlsx. Four maintenance policies are under consideration: Policy 1: Never replace a machine. Policy 2: Immediately replace a bad machine. Policy 3: Immediately replace a bad or average machine. Policy 4: Immediately replace a bad, average, or good machine. Simulate each of these policies for 50 weeks (using at least 250 iterations each) to determine the policy that maximizes expected weekly profit. Assume that the machine at the beginning of week 1 is excellent.Create a Crow’s Foot notation ERD to support the following business operations: Create a Crowsfoot notation ERD to support the following business operations: - A friend of yours has opened Marshfield Electronics and Repairs (MER) to repair smartphones, laptops, tablets, and MP3 players. She wants you to create a database to help her run her business. When a customer brings a device to MER for repair, data must be recorded about the customer, the device, and the repair (also referred to as repair request). Completing each repair request can involve multiple services (e.g. glass replacement, battery replacement, cleaning. Some services require parts. The customer’s name, address, and a contact phone number must be recorded. For the device to be repaired, the type of device, model, and serial number are recorded (or verified if the device is already in the system). Each repair request is given a reference number, which is recorded in the system along with the date of the request, and a…What does the intercept mean in equation below ? X: C18 (total employees hours worked per week) versus Y: C19 (clinic patients seen per week). Equation: y=0.49x+0.84 Slope:0.49 Intercept:0.84 Does the intercept mean it is 0.84 and predicts how many patients seen if zero hours were workeed. In this case it has no meaning , it is only a line fitting?
- Difference between the actual value and the value that was predicted for a given period.Which answer is FALSE and explanation A populer fast food restaurant has one cashler who takes an average of 1.5 minutes to serve a customer.suppose demand at the restaurant is forecast to be 35 Customers per hour from 11am to 1 prn and 50 customers per hour from 6 pm to 8 pm.which of the following statements are false? (a) The flowrate of the restaurant is 35 customers per hour during the 11am to 1pm period and 40 customers per hour during the 6pm to 8pm period (b) The flowrate of the restaurant is 35 customers per hour during the 11am to 1pm period and 50 customers per hour during the 6pm to 8pm period (c) The capacity of the restaurant is 40 customers per hour during both time intervals - 11am to 1pm and 6pm to 8pm (d) the utilization of the cashier is 87.5% during the 11am to 1pm period and 100% during the 6pm to 8 pm periodGiven the following for a retail property: This property is occupied by a single tenant: Net Rentable Space 10,000 sq. ft. Lease Rate $18.00 per sq. ft. per year Real Estate Taxes $ 1.75 per sq. ft. per year Operating Expenses $ 0.55 per sq. ft. per year Insurance $ 0.06 per sq. Ii. per year Actual Gross Sales $2,200,000 Base Sales as per Lease $2,000,000 Percentage Lease Clause 4.0% What is the amount of rent due on a per sq. ft. basis (per year) ifthe tenant has a "net net"_ (NN)Jease and a "percentage lease clause" in the lease? Please provide proper keystrokes for the BAii Plus and Gualifier Plus IIIfx calculators. Thank you!
- In a job shop, effective capacity is only 79 percent of design capacity, and actual output is 53 percent of effective output. What design capacity would be needed to achieve an actual output of 11 jobs per week? What is its effective capacity? a. The Design Capacity needed to achieve the required actual job outputs Blank 1 (round to whole number) b. The Effective Capacity needed to achieve the required actual job outputs = Blank 2 (round to whole number) Blank 1 Add your answer1) An operator is used for loading and unloading of parts to automated machines. Loading time is 1 minute; unloading time is 2 minutes, machining time is 30 minutes, Operator travel time between the machines including the inspection time is 4 minutes. Cost of operator is C₁=40 TL/Hour, cost of a machine is C₂-200 TL/Hour. What is the cost per unit of production if optimum number of machines is assigned to the operator? (Note: Times are given in minutes and costs are per hour) a) 231 TL/unit b) 6930 TL/unit c) 115.5 TL/unit d) 240 TL/unit e) 132 TL/unit 2) An operator is used for loading and unloading of parts to automated machines. Loading time is 1 minute; unloading time is 2 minutes, machining time is 30 minutes; Operator travel time between the machines including the inspection time is 4 minutes. Cost of operator is C1=40 TL/Hour; cost of a machine is C₂=200 TL/Hour. How many machines (integer number) should be assigned to the operator so that the total operator and machine costs…I submitted this question a couple days ago. However, I am still a little confused. Here was the original question: Collins Little Company has a staff of 4 employees, each working 8 hours per day at a rate of $20/hour. Their overhead expenses are $200/day. Collins processes and closes on 12 titles each day. They are considering purchasing a computerized title search system that will allow the processing of 20 titles per day. With the new system, they could cut their staff to 2 employees working the same hours at the same pay, but their overhead expenses would double to $400 per day. 1. Compute the labor productivity with the old system (in titles / hour). 2. Compute the labor productivity with the new system (in titles / hour). 3. Compute the multifactor productivity with the old system (in titles / dollar). 4. Compute the multifactor productivity with the new system (in titles / dollar). One of the answers is: Labor Productivity = 12/(4*8) Another is: Labor Productivity =…
- A company makes two products (A and B). Each product requires time on two machines 1 and 2. the specifications for each product are as follows Product A Product B Processing time on machine 1 (hrs/unit) Processing time on machine 2 (hrs/unit) Material and labor cost (Sh./ unit) Selling price (Sh./ unit) Maximum possible sale (units) 2 1 2 14 15 16 18 130 150 The amount of time available on machine 1 is 360 hrs and on machine 2 is 260 hrs. Using simplex method determine the number of product A and B, which should be sold in order to maximize total contribution for the company.A fast-food restaurant has a drive-thru window and during peak lunch times can handle a maximum of 60 cars per hour with one person taking orders, assembling them, and acting as cashier. The average sale per order is $9.50. A proposal has been made to add two workers and divide the tasks among the three. One will take orders, the second will assemble them, and the third will act as a cashier. With this system, it is estimated that 85 cars per hour can be serviced.In a job shop, effective capacity is only 43 percent of design capacity, and actual output is 71 percent of effective output. What design capacity would be needed to achieve an actual output of 11 jobs per week? What is its effective capacity?a. The Design Capacity needed to achieve the required actual job outputs = (round to whole number)b. The Effective Capacity needed to achieve the required actual job outputs = (round to whole number)