EBK OPERATIONS MANAGEMENT
11th Edition
ISBN: 8220103630726
Author: RENDER
Publisher: PEARSON
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Chapter A, Problem 10DQ
Summary Introduction
To determine: The reason for considering maximax and maximin strategies as optimistic and pessimistic strategies, respectively.
Introduction: Decision tree is a tool which supports in decision making with the help of tree or graph or model of decisions including their consequences, outcomes, cost, resources and utility. It helps to show how the outcome of one choice affects the other and its future consequences.
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Do you think identifying bottlenecks is more challenging when they are people-related rather than equipment-related? And if so, how would you approach that kind of situation in a team setting?
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1) Scheduling at Washburn Guitar
View the video Scheduling at Washburn Guitar (10.40 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapters 11 and/or 16) after watching this video.
Note: As a rough guideline, please try to keep the written submission to one or two paragraphs.
2) Bosa Limited, a specialist confectionary manufacturer, makes a variety of confectionary products candies in its manufacturing facility at Ulaanbaatar. Its line of confectionary products exhibits a highly seasonal demand pattern. The firm’s costs and quarterly sales forecasts are as follows: Costs: Hiring cost = $200 per worker, Firing cost = $600 per worker, Inventory carrying cost = $0.60 per pound per worker, Production per employee = 1000 pounds per quarter, Beginning workforce = 125 workers.
Quarter
Sales Forecast/
Demand(pounds)
Production
Spring
80,000
95,000
Summer
50,000
95,000
Fall
100,000
95,000…
Chapter A Solutions
EBK OPERATIONS MANAGEMENT
Ch. A - Prob. 1DQCh. A - Prob. 2DQCh. A - Prob. 3DQCh. A - Prob. 4DQCh. A - Prob. 5DQCh. A - Question: 6. Explain how decision trees might be...Ch. A - Prob. 7DQCh. A - Prob. 8DQCh. A - Question 9. Identify the five steps in analyzing a...Ch. A - Prob. 10DQ
Ch. A - Question 11. The expected value criterion is...Ch. A - Question 12. When are decision trees most useful?Ch. A - Given the following conditional value table,...Ch. A - Prob. 2PCh. A - Prob. 3PCh. A - Jeffrey Helm owns a health and fitness center...Ch. A - Prob. 5PCh. A - Prob. 6PCh. A - Prob. 7PCh. A - Prob. 8PCh. A - Prob. 9PCh. A - Prob. 10PCh. A - The University of Miami bookstore stocks textbooks...Ch. A - Palmer Jam Company is a small manufacturer of...Ch. A - Prob. 13PCh. A - Prob. 14PCh. A - Prob. 15PCh. A - Prob. 16PCh. A - Prob. 17PCh. A - Prob. 18PCh. A - Prob. 19PCh. A - Philip Musa can build either a large video rental...Ch. A - Prob. 21PCh. A - Prob. 22PCh. A - Prob. 23PCh. A - Question A.24 On the opening page of Module A and...Ch. A - Question Warehouse Tenting at the Port of Miami...Ch. A - Question Warehouse Tenting at the Port of Miami...Ch. A - Question Warehouse Tenting at the Port of Miami...
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- Note: In chapter 11, section 11.3 of the Stevenson text, level and chase plans are covered with examples (example 1, and example 2); chapter 11 Stevenson lecture power point slides 23 to 32 cover chase and level plans with an example; see lecture video, 12.21 mins to 26.55 mins. 3) a) Huurhun Printing in Ulaanbaatar has four typesetters and four jobs to be completed as given in the table. The $ entries represent the firm’s estimate of what it will cost for each job to be completed by each typesetter. Find the optimal assignment of jobs to typesetters so as to minimize the total costs. Typesetters Jobs A B C D 42HG $7 $3 $4 $8 19DT $5 $4 $6 $5 47ST $6 $7 $9 $6 17VT $8 $6 $7 $4 b) Huurhun Printing in Ulaanbaatar has the following printing jobs waiting to be processed at its work center. The jobs are assigned sequentially upon arrival. All dates are specified as days from today. In what sequence should the…arrow_forwardCompetitive Landscape In the rapidly evolving tech industry, Apple faces competition from major players like Microsoft, Amazon, Google, and Samsung. How does Apple differentiate itself from these competitors in terms of innovation, marketing positioning, and customer loyalty?arrow_forward3. Consider a process consisting of three resources. Assume there exists unlimited demand for the product. a. Resource 1 has a processing time of 6 minutes per unit. b. Resource 2 has a processing time of 3 minutes per unit. c. Resource 3 has a processing time of 5 minutes per unit. All three resources are staffed by one worker. a. Draw a process flow diagram of this process. b. What is the capacity of resource 2? c. What is the bottleneck in the process? d. What is the utilization of resource 2? e. How long does it take the process to produce 200 units starting with an empty system, assuming this is a worker-paced process?arrow_forward
- You may need to use the appropriate technology to answer this question. Wood Watercolors is a commercial art gallery that uses a four-week periodic review system to reorder paintings for its showrooms. A one-week lead time is required to fill the order. Demand for one particular style of painting during the five-week replenishment period is normally distributed with a mean of 26 units and a standard deviation of 10 units. (a) At a particular periodic review, 16 units are in inventory. The curator places an order for 20 units. What is the probability that this style of painting will have a stock-out before an order that is placed at the next four-week review period arrives? (Round your answer to four decimal places.) (b) Assume that the gallery is willing to tolerate a 2.5% chance of a stock-out associated with a replenishment decision. How many paintings should the curator have ordered in part (a)? (Round your answer to the nearest integer.) paintings What is the replenishment level…arrow_forwardYou may need to use the appropriate technology to answer this question. A daily newspaper is stocked by a coffee shop so its patrons can purchase and read it while they drink coffee. The newspaper costs $1.16 per unit and sells for $1.55 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of $1 per unit. Assume that daily demand is approximately normally distributed with μ = 150 and σ = 30. (a) What is your recommended daily order quantity for the coffee shop? (Round your answer to the nearest integer.) (b) What is the probability that the coffee shop will sell all the units it orders? (Round your answer to four decimal places.) (c) In problems such as these, why would the supplier offer a rebate as high as $1? For example, why not offer a nominal rebate? Find the recommended order quantity at 25¢ per unit. (Round your answer to the nearest integer.) What happens to the coffee shop's order quantity as the rebate is reduced? The higher rebate…arrow_forwardwhat would the reccomended course of action be in the Cervus Equipment Corp., Harvestinga Future case? including a Justification and Integration of recommendations and dentification + use of suitable decision criteriato rank options▪ Development of practical options in relation toidentified issue(s) + prior analysis▪ Qualitative + financial evaluation andcomparison of optionsarrow_forward
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