Operations Management
11th Edition
ISBN: 9780132921145
Author: Jay Heizer
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 5, Problem 10P
Summary Introduction
To determine: The operations strategy for each of the given products.
Introduction: Value analysis technique is a cost reduction technique by relating the cost of components with their contribution. Value analysis features the unique characteristic which makes the product to be sold in the market.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Question 3
A company BioProd Itd. manufactures components for a ventilator unit used in the medical
field. Their annual production volumes are in the range of 1400 to 1600 products.
a) Due to the current COVID-19 situation the sales forecast has increased to 5000
products in the next few months. Figure 3 shows their current manufacturing system
and process flow for one of the aluminium components which are machined for the
ventilator. How would you change the production system to deal with the increased
production quantity? Assume that all the current factory operations are done
manually. State any additional assumptions you may require to take in order to
implement your solution.
Q2. Discuss different types of Operations Strategies and different types of production strategies with example
Question No. 7: Production under Constrained Resources
Glover Company makes three products in a single facility. These products have the following unit product
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Unit product cost
Additional data concerning these products are listed below.
Mixing minutes per unit
Selling price per unit
Variable selling cost per unit
Monthly demand in units
A
Product
$
$
B
$ 35.10 $ 51.60 $ 58.00
25.10
15.90
22.50
2.30
1.70
1.60
7.80
8.40
$ 72.10 $ 86.20 $
A
Product
B
C
81.00 $
2.90 $
3100
0.30 0.20
103.40 $ 96.90
3.40 S
3.20
4400
2400
The mixing machines are potentially the constraint in the production facility. A total of 7930 minutes ar
available per month on these machines. Direct labor is a variable cost in this company.
Required:
83.90
C
C
a. How many minutes of mixing machine time be required to satisfy demand for all three products?
b. How much of each product should be produced to maximize net operating…
Chapter 5 Solutions
Operations Management
Ch. 5.S - Prob. 1DQCh. 5.S - Prob. 2DQCh. 5.S - Prob. 3DQCh. 5.S - Prob. 4DQCh. 5.S - Prob. 5DQCh. 5.S - Prob. 6DQCh. 5.S - Prob. 7DQCh. 5.S - Prob. 1PCh. 5.S - Prob. 2PCh. 5.S - Prob. 3P
Ch. 5.S - Prob. 4PCh. 5.S - Prob. 5PCh. 5.S - Prob. 6PCh. 5.S - Prob. 7PCh. 5.S - Prob. 8PCh. 5.S - Prob. 9PCh. 5.S - Prob. 1.1VCCh. 5.S - Prob. 1.2VCCh. 5.S - Prob. 1.3VCCh. 5.S - Prob. 2.1VCCh. 5.S - Prob. 2.2VCCh. 5.S - Prob. 2.3VCCh. 5 - Prob. 1DQCh. 5 - Prob. 2DQCh. 5 - In what ways is product strategy linked to product...Ch. 5 - Prob. 4DQCh. 5 - Prob. 5DQCh. 5 - Prob. 6DQCh. 5 - Prob. 7DQCh. 5 - Prob. 8DQCh. 5 - Prob. 9DQCh. 5 - Prob. 10DQCh. 5 - Prob. 11DQCh. 5 - Prob. 12DQCh. 5 - Prob. 13DQCh. 5 - Prob. 14DQCh. 5 - Prob. 15DQCh. 5 - Prob. 16DQCh. 5 - Why are the direct interaction and surrogate...Ch. 5 - Prob. 18DQCh. 5 - Prob. 1PCh. 5 - Prob. 2PCh. 5 - Question 5.3 Prepare a house of quality fora...Ch. 5 - Prob. 4PCh. 5 - Prob. 5PCh. 5 - Prob. 6PCh. 5 - Prob. 7PCh. 5 - Prob. 8PCh. 5 - Prob. 9PCh. 5 - Prob. 10PCh. 5 - Prob. 11PCh. 5 - Prob. 12PCh. 5 - Select a service business that involves...Ch. 5 - Prob. 14PCh. 5 - Prob. 15PCh. 5 - Residents of Mill River have fond memories of ice...Ch. 5 - Prob. 17PCh. 5 - Prob. 18PCh. 5 - Prob. 19PCh. 5 - Prob. 20PCh. 5 - Prob. 21PCh. 5 - Prob. 1CSCh. 5 - Prob. 2CSCh. 5 - Prob. 3CSCh. 5 - Prob. 1VCCh. 5 - Prob. 2VCCh. 5 - Prob. 3VCCh. 5 - Prob. 4VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- Question 1 Shown below are details on all variable inputs consumed by Samsung Plasma TV factory in 2014. At these consumption rates, the plant was able to produce 100 TVs per day. (a) Unit cost ($) Consumption rate 100 ton per day ton per week labor hour per month Plastic 4 |per ton Chemical 60 2 per ton Labor 80 10 per hour Assume that all unit cost is constant and the factor operates 10 hours per day, 6 days per week and 3 weeks per month. (i) Determine the productivity of Labor-hour (ii) Determine the multi productivity of Chemical and Plastic. (iii) The Operations Manager wants to increase productivity of the Samsung Plasma TV. According to the concept of Productivity Measure as discussed in chapter 1, describe TWO (2) approaches where productivity of the Samsung Plasma TV can be increased. Explain your conclusion.arrow_forwardQuestion 11 Which best describes an operation that penetrates an existing market with a lower cost alternative within a short amount of time? Group of answer choices a. Product/service imitator b. Product/service innovator c. Focused operation d. Mass customization e. Unfocused operationarrow_forwardQUESTION 3 A. Discuss product life cycle from the perspectives of strategic management with ONE example. B. Define resource and capability. Provide relevant examples for both. C. Provide THREE (3) relevant examples of EACH tangible and intangible resources.arrow_forward
- QUESTION 3 A producer has 100 cows, and wants to evaluate the economic feasibility of artificial insemination against natural mating. After taking into consideration the cost of bulls (using 4%), the operational costs, and the salvage value, the producer estimates that the cost of bulls per year is $3,170. On the other hand, the producer estimates that if using Al, the cost for frozen semen is $1,671/year and the cost to synchronize cows (using lutalyse) is $286/year. Based upon this information, estimate the maximum amount (i.e. $/hour) that the producer can pay for Al labor (before Al becomes more expensive than natural mating). Assume that for the 100 cows, 98 hours of labor are required for Al. Also assume that the producer already has proper facilities and Al tanks. Enter your answer in the "answer" box below. Do not enter units, just enter dollars and cents (round to the nearest hundreth). For instance, if your answer is ten dollars and twenty-five cents per hour, just enter…arrow_forwardQuestion 1: Janana De Malucho Textile Mill Co., Ltd. produces and sells 40/s combed and 60/s combed yarns for air-jet looms, which are being sold at high prices. To this end, they hired people from nearby villages, where there are few job opportunities. Sher Zaman employees devised a cost reduction plan, but the production manager did not welcome it. Another employee, Waseem, made some suggestions to improve its design, but the production manager was also not satisfied.1.State the management principle violated in the above paragraph.2.Determine any two values that the company wants to convey to society and how? Explain in your own words?arrow_forwardQuestion 2: Discuss the 4-Vs model of the Operations that characterize any “OPERATIONS” in any organization, then describe how the low cost positioned at each of the 4-Vs dimensions of the Operations. Support your answer with related examples.arrow_forward
- Q: Model the following business process at a supplier. . After a supplier notifies a retailer of the approval of a purchase order, the supplier can receive an order confirmation, an order change, or an order cancelation from the retailer. It may happen that no response is received at all. If no response is received after 48 h, or if an order cancelation is received, the supplier will cancel the order. If an order confirmation is received within 48 h, the supplier will process the order normally. If an order change is received within 48 h, the supplier will update the order and ask again the retailer for confirmation. The retailer is allowed to change an order at most three times. Afterwards, the supplier will automatically cancel the order.arrow_forwardQ.7 How do supply chain management activities differ between services and manufacturing companies? In what ways are these activities alike? Q.8 Describe the four perspectives of the balanced scorecard. How is this model different from a set of world-class performance measures?arrow_forwardQuestion 4.4 Montreal Hardware Co. is making a make-or-buy decision. The market feedback shows that the optimal price for this item is $10 each. If the item is outsourced to Laval Hardware Co, there is virtually no cost other than the $6 per unit that they would pay Laval Hardware Co. Internally, they have two choices. Process A requires an investment of $120,000 for design and equipment, but it results in a $4 per unit cost. Process B requires only a $100,000 investment, but its per unit cost is $5. Regardless of whether the item is subcontracted or produced internally, there is a 50% chance that they will sell 50,000 units, and a 50% chance that they will sell 100,000 units. Draw the decision tree appropriate to the alternatives and outcomes stated. Using the decision tree and EMV, what is their best choice?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.