PRIN.OF OPERATIONS MANAGEMENT-MYOMLAB
11th Edition
ISBN: 9780135226742
Author: HEIZER
Publisher: PEARSON
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Question
Chapter 5.S, Problem 13P
a)
Summary Introduction
To determine: The revenue retrieval for GF.
Introduction: The revenue is the income obtained from the sale of products and services; it can also refer to any assets or capital related with the main operations of the firm before any expenses or costs are deducted.
a)
Expert Solution
Answer to Problem 13P
The revenue retrieval amount for GF Deluxe is $3.93 and PM is $2.63.
Explanation of Solution
Given information:
GF Deluxe:
| Part | Resale revenue per unit | Recycling revenue per unit |
| Disposal cost per unit |
| Metal frame | $3.27 | $4.78 | $1.05 | $0.85 |
| Battery | $0.00 | $3.68 | $6.18 | $3.05 |
| Motor housing | $3.93 | $2.95 | $2.05 | $1.25 |
| Trimmer head | $1.25 | $0.75 | $1.00 | $0.65 |
| String feeder system | $1.05 | $1.25 | $1.50 | $1.40 |
PM:
| Part | Resale revenue per unit | Recycling revenue per unit | Processing cost per unit | Disposal cost per unit |
| Metal frame | $3.18 | $3.95 | $1.15 | $0.65 |
| Battery | $0.00 | $2.58 | $4.98 | $2.90 |
| Motor housing | $4.05 | $3.45 | $2.45 | $1.90 |
| Trimmer head | $1.05 | $0.85 | $1.10 | $0.75 |
| String feeder system | $1.05 | $1.25 | $1.50 | $1.40 |
Formula:
Calculate the revenue retrieval amount for GF Deluxe:
| Part | Resale revenue per unit | Recycling revenue per unit | Processing cost per unit | Disposal cost per unit |
| Metal frame | $3.27 | $4.78 | $1.05 | $0.85 |
| Battery | $0.00 | $3.68 | $6.18 | $3.05 |
| Motor housing | $3.93 | $2.95 | $2.05 | $1.25 |
| Trimmer head | $1.25 | $0.75 | $1.00 | $0.65 |
| String feeder system | $1.05 | $1.25 | $1.50 | $1.40 |
| Total | $9.50 | $13.41 | $11.78 | $7.20 |
| Total retrieval | $3.93 | |||
Table 1
The revenue retrieval amount is calculated by subtracting all the costs involved from the resale revenue obtained which is $3.93.
Calculate the revenue retrieval amount for PM:
| Part | Resale revenue per unit | Recycling revenue per unit | Processing cost per unit | Disposal cost per unit |
| Metal frame | $3.18 | $3.95 | $1.15 | $0.65 |
| Battery | $0.00 | $2.58 | $4.98 | $2.90 |
| Motor housing | $4.05 | $3.45 | $2.45 | $1.90 |
| Trimmer head | $1.05 | $0.85 | $1.10 | $0.75 |
| String feeder system | $1.05 | $1.25 | $1.50 | $1.40 |
| Total | $9.33 | $12.08 | $11.18 | $7.60 |
| Total retrieval | $2.63 | |||
Table 2
The revenue retrieval amount is calculated by subtracting all the costs involved from the resale revenue obtained which is $2.63.
Hence, the revenue retrieval amount for GF Deluxe is $3.93 and PM is $2.63.
b)
Summary Introduction
To determine: The better model in terms of design.
b)
Expert Solution
Answer to Problem 13P
The better model in terms of design is GF Deluxe.
Explanation of Solution
Given information:
GF Deluxe:
| Part | Resale revenue per unit | Recycling revenue per unit | Processing cost per unit | Disposal cost per unit |
| Metal frame | $3.27 | $4.78 | $1.05 | $0.85 |
| Battery | $0.00 | $3.68 | $6.18 | $3.05 |
| Motor housing | $3.93 | $2.95 | $2.05 | $1.25 |
| Trimmer head | $1.25 | $0.75 | $1.00 | $0.65 |
| String feeder system | $1.05 | $1.25 | $1.50 | $1.40 |
PM:
| Part | Resale revenue per unit | Recycling revenue per unit | Processing cost per unit | Disposal cost per unit |
| Metal frame | $3.18 | $3.95 | $1.15 | $0.65 |
| Battery | $0.00 | $2.58 | $4.98 | $2.90 |
| Motor housing | $4.05 | $3.45 | $2.45 | $1.90 |
| Trimmer head | $1.05 | $0.85 | $1.10 | $0.75 |
| String feeder system | $1.05 | $1.25 | $1.50 | $1.40 |
From Table 1 and 2, it can be inferred that GF Deluxe has better design alternatives in terms of revenue retrieval because it has the highest revenue retrieval.
Hence, the GF Deluxe is the better design alternative because it has a higher revenue retrieval opportunity when compared to PM.
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Chapter 5 Solutions
PRIN.OF OPERATIONS MANAGEMENT-MYOMLAB
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. 10PCh. 5.S - A Southern Georgia school district is considering...Ch. 5.S - Prob. 12PCh. 5.S - Prob. 13PCh. 5.S - Prob. 14PCh. 5.S - Prob. 15PCh. 5.S - Prob. 16PCh. 5.S - Prob. 17PCh. 5.S - Prob. 18PCh. 5.S - Prob. 19PCh. 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.S - Prob. 3.1VCCh. 5.S - Prob. 3.2VCCh. 5.S - Prob. 3.3VCCh. 5.S - Prob. 3.4VCCh. 5 - Prob. 1EDCh. 5 - Prob. 1DQCh. 5 - What techniques do we use to define a product? ...Ch. 5 - Prob. 3DQCh. 5 - Prob. 4DQCh. 5 - Prob. 5DQCh. 5 - Prob. 6DQCh. 5 - Describe four organizational approaches to product...Ch. 5 - Explain what is meant by robust design.Ch. 5 - Prob. 9DQCh. 5 - What information is contained in a bill of...Ch. 5 - What information is contained in an engineering...Ch. 5 - What information is contained in an assembly...Ch. 5 - Prob. 13DQCh. 5 - Explain how the house of quality translates...Ch. 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 - Prob. 3PCh. 5 - Construct a house of quality matrix for a...Ch. 5 - Prob. 5PCh. 5 - Prob. 6PCh. 5 - Prob. 7PCh. 5 - Prob. 8PCh. 5 - Prepare a bill of material for (a) a pair of...Ch. 5 - Prob. 10PCh. 5 - Prepare a script for telephone callers at the...Ch. 5 - Prob. 12PCh. 5 - Prob. 13PCh. 5 - Prob. 14PCh. 5 - Prob. 15PCh. 5 - Prob. 16PCh. 5 - Prob. 17PCh. 5 - Prob. 18PCh. 5 - Prob. 19PCh. 5 - Residents of Mill River have fond memories of ice...Ch. 5 - Prob. 21PCh. 5 - Prob. 22PCh. 5 - Prob. 23PCh. 5 - Prob. 24PCh. 5 - Prob. 25PCh. 5 - Prob. 1CSCh. 5 - Prob. 2CSCh. 5 - Prob. 3CSCh. 5 - Prob. 1VCCh. 5 - Prob. 2VCCh. 5 - Prob. 3VCCh. 5 - Prob. 4VC
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