EBK OPERATIONS MANAGEMENT
13th Edition
ISBN: 8220103675987
Author: Stevenson
Publisher: YUZU
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Chapter 9, Problem 14DRQ
List the steps of problem solving.
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Menu Item Sales and Cost Data
Taco Salad: Number Sold: 127; Item Cost: $0.71; Selling Price: $3.25
Lasagna: Number Sold: 48; Item Cost: $0.92; Selling Price: $4.67
Chicken: Number Sold: 31; Item Cost: $1.20; Selling Price: $3.00
Green Beans: Number Sold: 14; Item Cost: $0.20; Selling Price: $1.00
Corn: Number Sold: 13; Item Cost: $0.24; Selling Price: $1.00
Rice: Number Sold: 9;Item Cost: $0.13; Selling Price: $1.00
Menu Item Classification:
Low contribution margin, low menu mix % DOG
High contribution margin, low menu mix % PUZZLE
Low contribution margin, high menu mix % PLOWHORSE
High contribution margin, high menu mix o/o STAR
QUESTION 1
Complete the menu analyses worksheet below. Calculations will be done using the information above.
Restaurant:
Date:
MealPeriod:
(A)
☐
(B) (C)
(D) (E) (F)
(G)
(H)
(1)
(J)
Menu
Mix
Popularity
%
Item Item
Sold/(Menu
Mix
Menu Menu
Item
Food
Menu
Contribution Contribution
Contribution
Category
Item
Mix %): (B/K) Cost
Selling
Margin
Price Margin (E-D)…
1) Around the Clock Production of Fire Nozzles
View the videos Around the Clock Production of Fire Nozzles 1 https://media.gaspar.mheducation.com/GASPARPlayer/play.html?id=132KoZwS0yMEgsToDUsZjJe (9.44 minutes, Ctrl+Click on the link) and Around the Clock Production of Fire Nozzles 2 https://media.gaspar.mheducation.com/GASPARPlayer/play.html?id=44JM0cKtFLqHP5bad6KOHAm (7.43 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapters 12 and/or 13) after watching these videos.
Note: As a rough guideline, please try to keep the written submission to one or two paragraphs.
2) Cyberdyne Systems stocks and sells Cyberdyne glucose meters. The firm gathered the following information from its South Pasadena office:
Demand = 19,500 units per year
Ordering cost = $25 per order
Holding cost = $4 per unit per year
The firm’s operations manager wants to calculate the:
a) EOQ for the glucose meters.
b) Annual holding costs for the…
In the following problems assume, unless otherwise stated, that S = $40, σ = 30%, r =8%,and δ =0.
13.1 Suppose you sell a 45-strike call with 91 days to expiration. What is delta? If the option is on 100 shares, what investment is required for a delta-hedged portfolio? What is your overnight profit if the stock tomorrow is $39? What if the stock price is $40.50?
Chapter 9 Solutions
EBK OPERATIONS MANAGEMENT
Ch. 9.10 - Prob. 1RQCh. 9 - Prob. 1DRQCh. 9 - Prob. 2DRQCh. 9 - Prob. 3DRQCh. 9 - Prob. 4DRQCh. 9 - Prob. 5DRQCh. 9 - Prob. 6DRQCh. 9 - Prob. 7DRQCh. 9 - Prob. 8DRQCh. 9 - Prob. 9DRQ
Ch. 9 - Prob. 10DRQCh. 9 - Prob. 11DRQCh. 9 - Prob. 12DRQCh. 9 - Prob. 13DRQCh. 9 - List the steps of problem solving.Ch. 9 - Prob. 15DRQCh. 9 - Prob. 16DRQCh. 9 - Prob. 17DRQCh. 9 - What trade-offs are involved in deciding on...Ch. 9 - Prob. 2TSCh. 9 - Prob. 3TSCh. 9 - Prob. 1CTECh. 9 - Prob. 2CTECh. 9 - Prob. 3CTECh. 9 - Prob. 4CTECh. 9 - Make a check sheet and then a Pareto diagram for...Ch. 9 - Prob. 2PCh. 9 - Prob. 3PCh. 9 - Prob. 4PCh. 9 - Prob. 5PCh. 9 - Prob. 6PCh. 9 - Prob. 7PCh. 9 - Prepare a scatter diagram for each of these data...Ch. 9 - Prepare a flowchart that describes going to the...Ch. 9 - Prob. 10PCh. 9 - The county sheriffs department responded to an...Ch. 9 - Prob. 12PCh. 9 - Prob. 1.1CQCh. 9 - Prob. 2.1CQ
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- Question 1 M&H company ltd. sells television sets and has collected monthly sales data (in units) for the past 12 months as shown in table 1below: TABLE 1 Month Sales (Units) 1 120 2 135 3 150 4 165 5 180 6 200 7 195 8 210 9 225 10 240 11 255 12 270 Using the data provided, answer the following questions: a. Using a 3-month weighted moving average with weights 0.5, 0.3, and 0.2 (most recent month having the highest weight), calculate the forecast for month 13. [2 marks] b. If the company applies an exponential smoothing method with a smoothing constant (a) = 02, and assumes an initial forecast of 120 units for Month 1, calculate the forecast for month 13. [6 marks] c. Calculate the Mean Absolute Deviation (MAD) for the exponential smoothing method and weighted moving average method using the actual sales data for Months 4 to 12 and determine which method is more accurate. [8 marks] d. Compute the values of a (intercept) and b (slope) using the least squares method. [7 marks] e. Use the…arrow_forwardQuestion 4 MGM12026 Production and Operations Management semester il 2024 A company operates a manufacturing plant that produces two products, A and B. The plant has the following capacity data: . . Design Capacity: 15,000 machine hours per month Effective Capacity: 12,000 machine hours per month Actual Output (Utilized Capacity): 10,000 machine hours per month Additionally, the plant produces Product A and Product B, with the following production data: Product Demand (Units) Processing Time Contribution Margin ($ (hours per unit) per unit) A 3,000 2.5 40 B 4,000 1.5 30 a. Calculate the plant's i. Capacity Utilization [3 marks] ii. Effective Capacity Utilization [3 marks] iii. Efficiency. Interpret the results. [3 marks] b. Compute the total machine hours required to meet full demand for both products. [5 marks] c. Determine whether the plant has sufficient capacity to meet full demand. If not, calculate the shortfall in machine hours. [3 marks] d. Using the contribution margin per…arrow_forwardQuestion 3 i. Using the Center of Gravity method, determine the optimal location (X, Y) for the new distribution center. [7 marks] [TOTAL 25 MARKS] Time (sec.) Power steering assembly firm wants to set up an assembly line which must have an output of 60 units per hour. The work elements, task times and their precedence relationships are shown in Table 2: Table 1 Work Element Immediate Predecessor(s) A 30 NONE B 26 A C 50 A D 44 B E 10 с F 20 с G 15 D.E H 30 E,G,F Required: a. Draw the precedence diagram showing the task precedence and their times b. Determine the cycle time associated with the rate of output required. [3 marks] c. What is the theoretical number of work stations required to satisfy this output rate? [3 marks] [4 marks] d. Allocate the tasks to work stations taking into consideration the precedence requirements and using the LOT rule to break ties between feasible tasks. e. Calculate the total idle time [8 marks] [3 marks] f. What is the efficiency of the line and the…arrow_forward
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