Wingman Distributing Company is expanding its supply chain to include a new distribution hub in South Bend. A key decision involves the number of trucks for the facility. The particular model of truck Wingman is considering can be used 4,000 miles a month and will cost $800 a month in capital costs. In addition, each mile a truck is used costs $0.90 for maintenance. A local truck rental firm will rent trucks at a cost of $1.40 per mile, which includes the maintenance costs for those miles. Given the distribution of likely requirements for trucks, management has come up with three alternatives to consider as shown in the table. Monthly requirements (miles) Probability Fleet size (trucks) 20,000 0.30 40,000 0.50 60,000 0.20 5 10 15 Which fleet size will yield the lowest expected monthly costs for Wingman? A fleet size of trucks is the lowest cost alternative, with expected monthly costs to Wingman of $. (Enter your responses as integers.)
Q: Palma State Bank is investigating the processing time for loan applications. Samples were taken for…
A: a)Mean of whole data can be calculated using AVERAGE() function in excel. Mean of whole Data =…
Q: Explain how using less electrical energy in an industrial process is a step toward sustainable…
A:
Q: Scenario You are a consultant who specializes in helping U.S.-based businesses expand into new…
A: When evaluating the suitability of India and Mexico for a U.S.-based totally company trying to…
Q: If the time series in an exponential smoothing model exhibits a negative trend, the a.…
A: Exponential smoothing is a time series forecasting method for univariate data that can be used to…
Q: True or false? The Recreation segment is willing to pay more than the Speed segment. O True False…
A: 1) The Recreation segment and the Speed segment are two different segments in the market, and they…
Q: Lancelot’s Barbecue makes its sauce using an old family recipe. Due to overwhelming response on its…
A: The question is asking for the location that would have been ideal for Lancelot's Barbecue to set up…
Q: Haas corp has the following machine schedule data: Job Work Days Remaining Job Due Date A 24 days 24…
A: To determine the machine schedule for Haas Corp using the Shortest Processing Time (SPT) rule and…
Q: Exotic Wines, Inc. wants to use exponential smoothing with α = 0.35 to forecast demand in bottles…
A: To forecast the demand for the fifth month using exponential smoothing with (α=0.35), we can follow…
Q: Do not use chatgpt.
A: Key references: Biology
Q: Do not use chatgpt.
A: Evaluative performance reviews are designed to assess an employee's past performance based on…
Q: 49 A newspaper boy is trying to perfect his business in order to maximize the money he can save for…
A: To determine the optimal number of newspapers the boy should order to maximize his profits, we can…
Q: The MacJunkin Company manufactures transmission parts. The current process uses 20 workers and…
A: a) Multifactor productivity (MFP) is calculated by dividing the output by the total input factors.…
Q: Why do managers need to understand business processes? Can you make a correlation between systems…
A: Understanding business processes is crucial for managers to ensure the efficiency, effectiveness,…
Q: Answer the following question and answer keeping the following in mind for the homework question:…
A: Step 1:Step 2: Step 3: Step 4:
Q: Provide a listing of at least 5'Opportunities' for each country's health system (Singapore, Japan,…
A: ExplanationHealth systems worldwide face unique challenges and opportunities. By analyzing the…
Q: Which of the following are the features of case study method? (A) It is appreciative (B) It is…
A: Step 1: Step 2: Step 3: Step 4:
Q: A manufacturer uses statistical process control to control the quality of the firm's products.…
A: Product A:There are sample of 50 units taken.Each unit in the sample is evaluated to determine if it…
Q: Which disclosure notice is required for a single agent to change to a transaction broker? A.…
A: In real estate transactions, the transition from a single agent to a transaction broker involves a…
Q: What best describes the "extra mile" mindset? Looking for opportunities to exceed a customer's…
A: Detailed explanation: Here is why the other options might not be the best description of the "extra…
Q: 1. Review the attached business-focused visualization How does the author of the visualization…
A: Introduction: The visualization presented here offers a comprehensive overview of the performance…
Q: Can you help me answer this question please How do multinational companies adapt their marketing…
A: Adaptation Strategies1. Cultural SensitivityMarket Research: MNCs invest heavily in understanding…
Q: QUESTION ONE [50] "The fast-paced world of telecommunications and technology requires an agile,…
A: Question 1.1:It is impossible to emphasise the significance of leadership that is nimble,…
Q: Dumfries Newcastle up Isle of Man United Kingdore Scarborough Cardin 09 Trent In the anyLogistix…
A: Detailed explanation:Hello! I've provided a key answer to your question. Feel free to use my…
Q: Stelco was founded in 1910, the result of a merger between several mills in Hamilton and Montréal…
A: By matching these stages to Stelco's history, we can understand how the company evolved over time…
Q: Question 34 of 50 Outstanding customer service is service that the customer's expectations. Previous
A: Outstanding customer service is defined as service that exceeds the customer's expectations because…
Q: When making the case for change is not compelling, the result can be lack of motivation of people in…
A: Question 17:When making the case for change is not compelling, the result can be:a mixed attitude of…
Q: Question 24 of 50 You are a sales representative in a retail store and you notice a customer…
A: b. "What brings you in today?" Here's why:Open-ended: It encourages the customer to tell you what…
Q: A GMAC MBA new-matriculants survey provided the following data for 2018 students. Excel File:…
A: Step 1:Given Table :Age GroupApplied to more than one school-----------------YesNo23 and…
Q: How would you go about preparing a Facility Management Change Plan for a Sport room facility at a…
A: Facility Management Change Plan for Sports Room Facility at [Secondary School Name]IntroductionThe…
Q: The transmission was shot on school bus number 38, but the engine was fine. When the engine on bus…
A: The scenario describes a situation where a mechanic is taking functional parts from one bus (bus…
Q: Can you help me solve part B
A: GUIDE: (1) Critical Path - the critical path is the longest path from the start to the end of the…
Q: Please original work Talk about how organizations use dashboards for business intelligence.…
A: The Use of Dashboards in Business IntelligenceIntroductionIn the rapidly evolving landscape of…
Q: THIS IS NOT A GRADED ASSIGNMENT. IT IS A SCENARIO TO PRACTICE AT HOME IN PREPARATION FOR FUTURE…
A: In order to successfully navigate the competitive terrain of the beauty and cosmetology industry,…
Q: Describe in detail what should be included in HAZOP report.
A: Step 1: Step 2: Step 3: Step 4:
Q: Question 15 of 50 You are speaking with an angry customer who feels they have been overcharged. What…
A: The best example of an acknowledging statement you can use to support an angry customer who feels…
Q: Do not use Ai
A: Integration with Strategic PlanningFor strategic planning to be successful, risk management has to…
Q: Which of the following is an example of a bottleneck management principle? a. An hour lost…
A: In operations management, a bottleneck is a point of congestion in a production system that occurs…
Q: Answer
A: Here's an explanation for each of the answers:"That night, Melanie came to Beth's apartment, along…
Q: 5
A: The safety stock is the amount of extra inventory that a company keeps in order to protect against…
Q: slove step by step
A: Step 1 Given: Number of Teams = 4Number of Jobs/Projects to be Assigned = 4Hence it is a case of…
Q: On May 7, Bergan Company purchased on account 10,000 units of raw materials at $8 per unit.…
A: Journalize May 7 to record the purchaseOn May 7, Bergan Company purchased on account 10,000 units…
Q: None
A: To find the average time a job spends in the system from the time it is submitted until the time it…
Q: Question 14 of 50 Select three ways that you can create rapport with your customers. Memorize your…
A: Effective Strategies:Use your customer's name (Correct):Explanation: Personalization creates a…
Q: United State current automotive manufacturing industry: The total value of the industry sales by…
A: United States Current Automotive Manufacturing IndustryIntroductionOne important sector that makes a…
Q: Please original work Being tasked with a major reengineering initiative incorporating Business…
A: Business intelligence (BI) system reengineering projects are difficult projects that need to be…
Q: 36 Operations management is applicable: Select one: a. to the manufacturing sector exclusively.…
A: Operations management is an essential component of company management that entails the supervision…
Q: In your opinion can emotional intelligence be improved?
A: Approach to solving the question: Doing more research about emotional intelligence to know how it…
Q: PT Logistra has decided to use a quantitative method to solve the discrete location problem of the…
A: Analysis of PT Logistra's Distribution Center Decision1. Determining the Total Distribution and…
Q: A portion of the combined statement of income and retained earnings of Novak Inc. for the current…
A: Step 1: Calculate Net IncomeFrom the provided data:Income before extraordinary item: $15,040,000Loss…
Q: Will improving customer service result in higher stock prices for the companies providing the better…
A: a) Given that :Year 1 score (μ1)=74Year 2 score (μ2)=76Sample size (n)=52Standard deviation…
Do not use chatgpt
Step by step
Solved in 2 steps
- We run a fresh produce stand at farmer’s market where we sell avocados and artichokes. Each morning, a supplier drops off bags of these products. We can buy up to 200 bags of avocados and up to 175 bags of artichokes each morning. We resell the bags to customers throughout the day. The contribution margin of avocados is $15/bag; the contribution margin of artichokes is $20/bag. We sell at least twice as many bags of avocados as we do artichokes. We have found that our normal daily demand is between 140 and 350 total bags what are the constaintsRuby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 30 units and is valued at $60 per unit. Inbound shipments from vendor 1 will average 330 units with an average lead time (including ordering delays and transit time) of 4 weeks. Inbound shipments from vendor 2 will average 450 units with an average lead time of 3 weeks. Ruby-Star operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. A. the average aggregate inventory value of the product if ruby star used vendor 1 exclusively is $_____ (enter your response as a whole number) B. the average aggregate inventory value of the product if ruby sta used vendor 2 exclusively is $______ (enter your response as a whole number) C. how would your analysis change if average weekly demand increased to 140 units per week? the average aggregate inventory value of the product if ruby star used vendor 1…Ruby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 50 units and is valued at $75 per unit. Inbound shipments from vendor 1 will average 350 units with an average lead time (including ordering delays and transit time) of 2 weeks. Inbound shipments from vendor 2 will average 500 units with an average lead time of 1 week. Ruby-Star operates 52 weeks per year; it carries a 2-week supply of inventory as safety stock and no anticipation inventory.a. What would be the average aggregate inventory value of this product if Ruby-Star used vendor 1 exclusively?b. What would be the average aggregate inventory value of this product if Ruby-Star used vendor 2 exclusively?c. How would your analysis change if average weekly demand increased to 100 units per week?
- Ruby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 30 units and is valued at $100 per unit. Inbound shipments from vendor 1 will average 300 units with an average lead time (including ordering delays and transit time) of 4 weeks. Inbound shipments from vendor 2 will average 490 units with an average lead time of 1 week. Ruby-Star operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. a. The average aggregate inventory value of the product if Ruby-Star used vendor 1 exclusively is $39,000. (Enter your response as a whole number.) b. The average aggregate inventory value of the product if Ruby-Star used vendor 2 exclusively is $ (Enter your response as a whole number.)Ruby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 60 units and is valued at $60 per unit. Inbound shipments from vendor 1 will average 370 units with an average lead time (including ordering delays and transit time) of 5 weeks. Inbound shipments from vendor 2 will average 520 units with an average lead time of 1 week. Ruby-Star operates 52 weeks per year; it carries a 5-week supply of inventory as safety stock and no anticipation inventory. a. What would be the average aggregate inventory value of this product if Ruby-Star used vendor 1 exclusively?b. What would be the average aggregate inventory value of this product if Ruby-Star used vendor 2 exclusively?c. How would your analysis change if average weekly demand increased to 100 units per week?Western Chassis produces high-quality polished steel and aluminum sheeting and two lines ofindustrial chassis for the rack mounting of Internet routers, modems, and other telecommunicationsequipment. The contribution margin (contribution toward profit) for steel sheeting is $0.40 per poundand for aluminum sheeting is $0.60 per pound. Western earns $12 contribution on the sale of aStandard chassis rack and $15 contribution on a Deluxe chassis rack. During the next productioncycle, Western can buy and use up to 25,800 pounds of raw unfinished steel either in sheeting or inchassis. Similarly, 20,400 pounds of aluminum are available. One standard chassis rack requires 16pounds of steel and 8 pounds of aluminum. A Deluxe chassis rack requires 12 pounds of each metal.The output of metal sheeting is restricted only by the capacity of the polisher. For the next productioncycle, the polisher can handle any mix of the two metals up to 4,000 pounds of metal sheeting. Chassismanufacture can be…
- The Woody Company manufactures slippers and sells them at $10 a pair. Variable manufacturing costs are $4.50 a pair, and allocated fixed manufacturing costs are $1.50 a pair. It has enough idle capacity available to accept a one-time-only special order of 20,000 pairs of slippers at $6 a pair. Woody will not incur any marketing costs as a result of the special order. What would the effect on operating income be if the special order could be accepted without affecting normal sales? (a) $0, (b) $30,000 increase, (c) $90,000 increase, (d) $120,000 increaseArts N Crafts Industries manufacturers high-end light fixtures, which it sells internationally. The company is responsible for paying for shipping its product to a distributor located in Atlanta, Georgia. Due to the high cost of shipping, the company is considering shipping its products unassembled, but will include detailed assembly instructions in each package. By shipping unassembled products, Arts N Crafts will be able to shrink the size of its cartons and thereby increase the number of products per pallet from 16 (4 rows of 4) to 25 (5 rows of 5). Note that this change will not appreciably increase each product’s 8-pound shipping weight. Furthermore, since individual fixtures will be packed more tightly, they will be less susceptible to damage and easier to handle. Thus, the company expects the freight class to decrease from 85 to 70. Currently the company ships 400 units per week.a. Using Table, assess the impact of the proposed change in packaging on weekly shipping cost.b. How…The Robot Company franchises combination gas and car wash stations throughout the United States. Robot gives a free car wash for a gasoline fill-up is about the same as far a wash alone, charges $0.50. Past expericnce shows that the number of customers that have car washes following fill-ups is about the same as for a wash alone. The average profit on a gasoline fill-up is about $0.70, and the cost of the car wash to Robot is $0.10 Robot stays open 14 hours per day. Robot has three power units and drive assemblies, and a franchisee must select the unit prefered Unit I can wash cans at the rate of one every five minutes and is leased for $12 per day. Unit I, a larger unit, can wash cars at the rate of one every four minutes but costs $16 per day. Unit II, the largest, costs $22 per day and can wash a car in three minutes. The franchisee estimates that customers will not wait in line more than five minutes for a car wash. A longer time will cause Robot to lose the gasoline sales as well…
- please answer in 30 mins. do no attempt if not sure.Exhausting Enterprises is an auto parts supplier that delivers ordered parts to neighboring mechanics. The mechanics do not have room or the capital to store all the parts they may need so they place orders multiple times during the day. Exhausting Enterprises has a small fleet of delivery vans to make deliveries. Focusing on alternators, lead time for Exhausting Enterprises to receive more alternators from their supplier is 2 days. Alternators experience an average daily demand of 0.8 and follow a Poisson distribution. At the start of the day, Exhausting Enterprises has a backorder of 1 alternator and none in-stock. There are 4 alternators on the way. How many alternators will Exhausting Enterprises need to order if their order-up-to level is set to 7? What is the average on-hand inventory and on-order inventory for alternators? What is the probability of alternators being in-stock?Suppose a Motorboat dealership is dealing in costly motorboats that follow the policy of carrying a few units in stock and ordering for replenishment as soon as a motorboat is sold from the stock. The unit cost of the motorboat is $60,000 and the holding or carrying cost is $5,000 per unit per year. The management of the Motorboat dealership believes that the shortage cost due to waiting for the motorboat is $2,000 per unit short per month. The demand is seen to be Poison distributed with an average rate of 2 units per month and the replenishment lead time can be considered to be exponential with a mean of one month Considering the system as an M/M/s queuing system, find the optimal stock to be carried which can minimize the sum total of carrying and shortage costs.