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As local developers prepare for an increase in housing starts, they must anticipate their demand for various materials. One such material is tile. Used in bathrooms, kitchens, and for decoration, tiles come in many shapes, colors, and sizes. In order to accommodate the varying needs, the tile manufacturer must
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- Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…arrow_forwardSemans is a manufacturer that produces bracket assemblies. Demand for bracket assemblies (X) is 125 units. The following is the BOM in indented form: ITEM DESCRIPTION USAGE X Bracket assembly 1 A Wall board 4 B Hanger subassembly 2 D Hanger casting 4 E Ceramic knob 1 C Rivet head screw 3 F Metal tong 4 G Plastic cap 2 Below is a table indicating current inventory levels: Item X A B C D E F G Inventory 22 15 75 24 202 139 1,000 95 What are the Net Requirements for X, A, B, and C respectively?arrow_forwardRadiant wants to hire Cargo planes for transporting their goods. They contacted VIP Transportation Company to hire Cargo planes. VIP informed that they can provide two types of Cargo Planes. In addition, they provided the following cost related information about the two types Cargo planes- WT88 and BH54: Personnel Cost Fuel Cost Maintenance Cost WT88 2000 1000 2000 BH54 2500 1500 1000 Radiant has $200,000 to spend in personnel cost, $160,000 in fuel cost, and $80,000 in maintenance cost. Moreover, they have to hire at least two of each type of planes. If WT88 can carry 55 tons of goods and BH54 can carry 85 tons of goods, then find out the following using Linear Programming: What is the maximum amount Radiant can carry given their budget constraint? Can you solve using solver ? (I did this but I got a wrong answer) Data Personnel Cost Fuel Cost Maintenance Cost Tons WT88 2000 1000 2000 55…arrow_forward
- Francesca’s Boutique has a merchandise budget that includes $53,420 in planned sales for Dresses, $5342 in planned reductions, and $63,762 in planned purchases. The assortment includes 4 sub classifications (Casual (30%), dressy (20%), day-to-night (35%), date night (15%)) with 5styles, 4 colors, 4 sizes (for each sub class). The average first price on the dress is $45. Francesca’s expects to devote about 50 square feet to displaying the dresses in each store (10 stores), and the shirts to generate approx. $107 per square foot during the fall selling period. Markdowns are expected to be 10% of sales. Average Markup is 63%. Based on the information provided: What is the planned volume of the assortment? (Note: Use Planned Merchandise to Receive figures) How many SKUs are in this assortment? What is the model stock for the entire dress assortment?arrow_forwardA manufacturer produces three models (I, II, and III) of a certain product using raw materials A and B. The labor time per unit model of I is twice that of Il and three times that of III. The entire labor force of the factory can produce the equivalent of 1500 units of Model I. Market requirements specify the ratios 3:2:5 for the production of the three respective models and minimum demand levels should be satisfied. Requirement Raw Material II Availability A 2 3 5 4000 В 4 2 7 6000 Minimum demand 200 200 150 Price per unit 30 20 50 The objective is to maximize the total revenue. a. Formulate a linear programming model for this problem. b. Discuss your findings in the context of assumptions of linear programming.arrow_forwardRainbow Inc's products are given below. If the company's total labor capacity is 3200 hours/week, which of the products should be produced in a week? Regarding with this plan what will be the total sales and total variable costs of the firm per week? Total Labor Hour Demand Product / Unit Price / Unit vC / Unit (unit) XC610 2,500 1,000 300 XD740 4 3,100 1,500 250 ZS650 3 1,850 750 400 ST340 2 2,250 975 500arrow_forward
- All-Natural Coop makes three breakfast ccrcals, A, B, and C, from four ingredients: rolled oats, raisins, shredded coconuts, and slivered almonds. The daily availabilities of the ingredients are 5 tons, 2 tons, 1 ton, and 1 ton, respectively. The corresponding costs per ton are $100, $120, $110, and $200, respectively. Cereal A is a 50:5:2 mix of oats, raisins, and almond. Cercal B is a 60:2:3 mix of oats, coconut, and almond. Cercal C is a 60:3:4:2 mix of oats, raisins, coconul, and almond. The cercals are prodluced in jumbo 5-lb sizes. All-Natural sells A, B, and Cat $2.00, $2.50, and $3.00 per box, respectively. The minimum daily demand for cereals A. B, and C is 500, 600, and 500 boxes, respectively. Develop an LP model to determine the optimal production mix of the cereals and the associated amounts of ingredients, and find the solution using execl Solverarrow_forwardFitness Express sells three different types of elliptical machines. They have manufactured 50 of each machine for a special sale. The store already ha orders for 46 of machine A and 16 of machine B. Use the following information to determine how many of machine C the store needs to sell to break even? Show your work on a separate sheet of paper. Manufacturing Cost $105.00 $140.00 $175.00 Elliptical Machine Machine A Machine B Machine C Total costs of all machines: $ Total revenue: $ Number of machine Cs to sell to break even: Retail Cost $250.00 $305.00 $420.00arrow_forwardEfua Babyson (not a real name) completed Fashion Design Programme at a Technical University in Takoradi. Efua decided to join a dress-making group to gain experience for her career. In the course of her internship, Efua has observed that there are always a lot of beautiful pieces of leftover clothes that go waste thereby requiring the shop to spend money to dispose them. She is then thinking of designing fashioned carrier bags with the leftover clothes. Efua needs ideas on what factors to consider in decide to go or not go for the development of the conceived business idea. (a) Discuss four key things to consider in deciding to pursue or not the conceived business idea?arrow_forward
- Costco also employs a just-in-time inventory management system, which includes sharing data directly with many of its largest suppliers. Companies like Kimberly-Clark calculate re-order points in real time and send new inventory, as needed, to replenish store shelves. Costco also works to redesign product packaging to squeeze more bulky goods onto trucks and shelves, reducing the number of orders Costco needs to place with suppliers.Occasionally, the company leverages its 75 million square feet of warehouse space to reduce purchasing costs. For example, when Procter & Gamble recently announced a 6% price increase for its paper goods, Costco bought 258 truckloads of paper towels at the old rate and stored them using available capacity in its distribution centers and warehouses.These inventory management techniques have allowed Costco to succeed in tough times while others have failed. Costco turns its inventory nearly 12 times a year, far more often than other retailers. With many…arrow_forwardCostco also employs a just-in-time inventory management system, which includes sharing data directly with many of its largest suppliers. Companies like Kimberly-Clark calculate re-order points in real time and send new inventory, as needed, to replenish store shelves. Costco also works to redesign product packaging to squeeze more bulky goods onto trucks and shelves, reducing the number of orders Costco needs to place with suppliers.Occasionally, the company leverages its 75 million square feet of warehouse space to reduce purchasing costs. For example, when Procter & Gamble recently announced a 6% price increase for its paper goods, Costco bought 258 truckloads of paper towels at the old rate and stored them using available capacity in its distribution centers and warehouses.These inventory management techniques have allowed Costco to succeed in tough times while others have failed. Costco turns its inventory nearly 12 times a year, far more often than other retailers. With many…arrow_forwardCostco also employs a just-in-time inventory management system, which includes sharing data directly with many of its largest suppliers. Companies like Kimberly-Clark calculate re-order points in real time and send new inventory, as needed, to replenish store shelves. Costco also works to redesign product packaging to squeeze more bulky goods onto trucks and shelves, reducing the number of orders Costco needs to place with suppliers.Occasionally, the company leverages its 75 million square feet of warehouse space to reduce purchasing costs. For example, when Procter & Gamble recently announced a 6% price increase for its paper goods, Costco bought 258 truckloads of paper towels at the old rate and stored them using available capacity in its distribution centers and warehouses.These inventory management techniques have allowed Costco to succeed in tough times while others have failed. Costco turns its inventory nearly 12 times a year, far more often than other retailers. With many…arrow_forward
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