If the maximum daily demand for enamel paint is at 2 tons, determine the production output that would maximize the profit. Find the optimal solution using the simplex method.
Q: What are the important factors in Total Quality Management?
A: Total Quality Management is a collaborative, systematic way to planning and conducting a continuous…
Q: Which of the following statements is NOT true? Your answer: O Primal Simplex Algorithm starts…
A: A regular simplex approach begins with a feasible yet non-optimal solution and subsequently iterates…
Q: Given the following demand data, Period Demand 57 1 2 55 3 59 4 56 5 60 a. Compute a weighted…
A: Forecasting is the process of estimation in which future demand is determined using the previous and…
Q: Explain the four factors to decrease the rate of the absenteeism in the organisation.
A: Absenteeism is a term used to describe an employee's habitual absence from work. This excludes any…
Q: Sample Size, or Number of measurements in each Subgroup: • Number of Subgroups: • Subgroup…
A: Note: We are allowed to do first three sub-parts only at a time. X-double bar is the average of the…
Q: Jack has gathered the following information for Work Center 2, the work center that directly feeds…
A: Here, I would determine the percentage of the planned input for the work center 2, the formula is…
Q: A firm is attempting to minimize its shipping costs. The firm has 3 factories and must supply the…
A: On tabulating the given data in excel, we will get a similar table as shown in the original answer.…
Q: a. Formulate a linear programming model that can be used to determine the number of gallons of…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Each of the following four factories produces three products at the daily quantities and unit costs…
A: A matrix is used in organizations to structure the flow of management and organization. It helps to…
Q: 4. The problem: In a queueing problem modelled as (M/M/2), if L (number of units in the system) =…
A: Queueing model: M/M/2 (Poisson arrival and exponential service rate, 2 servers) Service rate for…
Q: 1. Goods assume the following characteristics, except a) customers do not help with their…
A: Goods means any article, commodity or substances which is capable of being brought and sold in…
Q: In comparing two procCesses, say Process A and Process B, we say that Process A is more efficient…
A: a. Process A better supports specification limit verification:- This will make the process more…
Q: A process filling small bottles with baby formula has a target of 3ounces ± 0.150 ounce. Two hundred…
A: Given data is Mean = 3.042 ounces Standard deviation = 0.034 ounce Target = 3±0.150 ounce Number of…
Q: a) The throughput time of the new work cell is minutes (enter your response as a whole number). b)…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Steps to reduce the temptations and distractions that impede the growth of the workforce.
A: Temptations and distractions at the workplace refer to those important activities that are very…
Q: How does traditional analytics make use of location-based data? How can geocoded locations assist…
A: Location-based collecting and analyzing data from numerous sources, such as Wi-Fi and GPS, provides…
Q: Select the best answer Analysing a business's O a. generation O b. chain. O c. adding O d. line
A: Option b is the correct. Analyzing a business's activities into a sequence of value-creating…
Q: a. Formulate a linear programming model for this problem. b. Draw a neat sketch of the feasible…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Suppose that a publishing company periodically replenish its supply of paper stock. The paper comes…
A: Annual demand, d= 90 per quarter =90×4=360 rolls Cost of one roll, u =OMR 150 Ordering cost,o =OMR…
Q: In the demand forecast, which of the following cannot be predicted? Select one: a. seasonal…
A: Demand forecasting is the process of predicting or estimating the future demand based on historical…
Q: TLE Analysis and risk assessment?
A: In the realm of business, the abbreviation PESTLE refers to the interaction of a number of different…
Q: How does reed hastings deal with motivating people and with conflict in the work place
A: Motivation is needed in every organization and it is the motive of the employee which drives the…
Q: what is process selection and facility layout ?
A: Concept Introduction Process Selection and Facility Layout are the two important aspect of operation…
Q: Activity Predecessor Activities Normal Crashed Duration (Days) Cost ($) Duration…
A: ES indicating Early Starting time for an activity and LS indicating the latest starting time.…
Q: Discuss FMEA in detail with examples & how calculate the RPN ?
A: FMEA stands for the Failure Modes and Effects Analysis. RPN stands for the risk priority number.
Q: Complete the table below to show the quantity shipped from each factory to each customer. (Leave no…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: If you do your research, you can discover a firm that has progressed beyond e-commerce and is…
A: E-commerce is the process of buying and selling goods and services and the transaction of money by…
Q: Assume the following: A quality manager at a popular restaurant in a New York has accurately…
A: Statistical quality control is described as the process through which the quality of outputs is…
Q: What are the importance of thorough guests screening in the reservation procedures prior to final…
A: Guest screening is the process of evaluating a reservation's risk level by investigating the guest’s…
Q: 1. Evergreen Fertilizer Company produces fertilizer. The company's fixe variable cost per pound of…
A: Break-even analysis is one of the methods that are commonly and widely used in manufacturing…
Q: Sunblessed Juice Company sells bags of oranges and cartons of orange juice. Sunblessed grades…
A: Revenue and variable cost: Grades of oranges that are available: least average quality that is…
Q: hing turned your attention and might change you to be a better employee or leader at least 500 words
A: Firstly I accept that information is the way to change, and the most effective way to influence…
Q: After six months of work on the project’s site, your company collected the following information…
A: Given: Budget at Completion = BAC = $ 156,478.00 After 6 months of work, Planned Value = PV =…
Q: For many projects in Africa and the developing world, sustenance of donor-funded projects after such…
A: Country A has numerous policies, development, innovation, and projects. But the country is poor in…
Q: explain the significance of the Work Breakdown Structure (WBS) Managing a standard software project…
A: Work Breakdown Structure is used in projects to break down the whole project into small parts. It…
Q: ull capacity
A: Depending on how they carry out their duties, employees may either be a company's greatest asset or…
Q: How is peculative production related to a firm’s cash-flow problems?
A: Speculative production refers to the break time between the production of goods and the sale of…
Q: Consider the following Activity-On-Node (AON) PERT project. The three values that represent each…
A: Find the Given details below: Activity Optimistic Time(To) a(Days) Pessimistic Time(Tp) b(Days)…
Q: Warehousing is an important contributor to both productivity management and quality in a…
A: Given: Stock keeping unit(SKU) Number of pallets SKU 010 4 SKU 020 6 SKU 030 14 SKU 040…
Q: MIS stands for "Management Information System."
A: often the most overlooked element of the system is the people, probably the component that most…
Q: . Explain the guideline for job redesign based on Hackman and Oldham (1976) in Robbins and Coulter…
A: In the 1960s, organizational psychologists and management theorists started to realize that a…
Q: Assessment Criteria 1. Pay of potential
A: Given: Assessment criteria Importance weights 1. Pay of potential 5 2. Level of risk 4 3.…
Q: Make a list of the several subfields that fall under the umbrella of security and provide an…
A: IT security is the processing of information or the protection of information. It is helping in the…
Q: 1. supply chain Design has helped organisations with alternative ways or choices to realize their…
A: 1. Supply chain design can be broadly defined as the methodology through which an organization…
Q: A toy manufacturer uses approximately 32k silicon chips annually. The chips are used at a steady…
A: Formula for number of working days in an order cycle = (EOQ/D)* working days in a year. So for this…
Q: Project Quality management: As your project quality management develop the following: (1) quality…
A: 1) QUALITY PLANNING Quality planning is the method of deciding what’s most important to…
Q: Collecting Performance Data Gigantic Life Insurance has several batch jobs that run on Windows 10…
A: Gigantic Life Insurance is having multiple batch jobs to run. So occasionally when they're not…
Q: Describe the many kinds of programmes.
A: A computer program is a set of instructions to perform a particular task. A computer program is used…
Q: Which of the following would be considered a raw material? a. Animal fur b. Gold coin c. A table…
A: Raw Material: Raw Materials are those substances or materials which are used in the primary stage of…
Q: A small firm uses 3,400 lbs of chemical dye a year. Currently the firm purchases 300 lbs per order…
A: Given data is Demand(D) = 3400 lbs Order cost(S) = $100 Holding cost(H) = $0.51
Step by step
Solved in 4 steps with 9 images
- Demand for portable music players for joggers has caused Nancy Industries (Nancy) to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nancy expects demand for music player to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demands for the players for last year was as follows : Month Demand (units) Jan 4200 Feb 4300 Mar 4000 Apr 4400 May 5000 Jun 4700 Jul 5300 Aug 4900 Sep 5400 Oct 5700 Nov 6300 Dec 6000 Question : From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate to Nancy Industries? Why?Demand for stereo headphones and MP3 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 last year was as follows: MONTH DEMAND (UNITS) January 4,000 February 4,100 March 3,800 April 4,200 May 4,850 June 4,500 July 5,150 August 4,750 September 5,250 October 5,550 November 6,150 December 5,850 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 3.7. (picture below)(Do not round intermediate calculations. Round your answers to 2 decimal places.) Month Forecast january february march april may june july august september october november decemberDemand for stereo headphones and MP3 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 last year was as follows: MONTH DEMAND (UNITS) January 4,240 February 4,340 March 4,040 April 4,440 May 5,040 June 4,740 July 5,340 August 4,940 September 5,440 October 5,740 November 6,335 December 6,030 a. Using linear regression analysis, what would you estimate demand to be for each month next year? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 4 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round…
- Demand for stereo headphones and MP3 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 yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,220 February 4,320 March 4,020 April 4,420 May 5,020 June 4,720 July 5,320 August 4,920 September 5,420 October 5,720 November 6,320 December 6,020 Using linear regression analysis, what would you estimate demand to be for each month next year? (Round two decimal places) To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units…Demand for stereo headphones and MP3 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 last year was as follows: MONTH DEMAND (UNITS) January 4,000 February 4,100 March 3,800 April 4,200 May 4,850 June 4,500 July 5,150 August 4,750 September 5,250 October 5,550 November 6,150 December 5,850 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 3.7. (picture below)(Do not round intermediate calculations. Round your answers to 2 decimal places.) Month Forecast january february march april may june july august september october november december b. To…Questions 2 – Capital budgeting and NPV Responsible Testing Company may buy DNA‐testing equipment A costing $60,000 now (at year 0). This equipment is expected to reduce labor costs of the clinical staff, net of all staff training expenditures, by $20,000 annually in the subsequent years following the investment. Equipment A has a useful life of 8 years and can be straight‐line‐depreciated over its years of operations. No salvage value is expected at the end. The corporate tax rate (combined federal and state) is 40% and the company’s required rate‐of‐return is 15%. (2a) Describe the company’s “investment project”. Calculate the relevant cash flows and use the NPV method to determine the attractiveness of this project. (2b) Suppose that in the second year (year 2) a more efficient and effective DNA‐testing equipment B is expected to enter the market. The new equipment costs $90,000, will have an effective operating life of 6 years, can be straight‐line‐depreciated but…
- Develop a flow chart for revenue cycle of 7/11 (seven-eleven ) retail storeAdditional problem 12-1 (Algo) With a 0.02 percent chance of a stockout, what is the z-value to use in calculating safety stock? (Round your answer to two decimal points.) Use Table B.2 Resulting Z-ValueProduct A Order Qty = 400 Order Lead Time = 2 Forecast Demand Scheduled Receipts Projected Available Inventory 400 Planned Order Receipts Planned Order Releases 1 300 OD 4, 6, 2 300 400 Sketch and fill in the grid on scrap paper to use on upcoming questions In what periods would you incur a planned order release? OA 1.3, and 4 2.4, and 5 OC 3,5, and 6 and 7 3 300 PERIODS 4 300 5 300 6 300 7 100 8 100
- 2. Discover ambiguities or omissions in the following statement of requirements for part ofa ticket-issuing system:An automated ticket-issuing system sells rail tickets. Users select their destination andinput a credit card and a personal identification number. The rail ticket is issued and themcredit card account charged. When the user presses the start button, a menu display ofpotential destinations are activated, along with a message to the user to select a destination.Once a destination has been selected, users are requested to input their credit card. Itsvalidity is checked and the user is then requested to input a personal identifier. When thecredit transaction has been validated; the ticket is issued.please provide explaination as to why the other options are incorrect. thank youuuFranklin Tooling, Inc., manufactures specialty tooling for firms in the paper-making industry. All of their products are engineer-to-order and so the company never knows exactly what components to purchase for a tool until a customer places an order. However, the company believes that weekly demand for a few components is fairly stable. Component 135.AG is one such item. The last 26 weeks of historical use of component 135.AG is recorded below. Week Demand Week Demand 1 2 3 4 5 6 7 8 9 10 11 12 13 137 136 143 136 141 128 149 136 134 142 125 134 118 14 15 16 17 18 19 20 21 22 23 24 25 26 131 132 124 121 127 118 120 115 106 120 113 121 119 Use OM Explorer’s Time Series Forecasting Solver to evaluate the following forecasting methods. Start error measurement in the fifth week, so all methods are evaluated over the same time interval. Use the default settings for initial forecasts.i. Naïve (1-Period Moving Average)ii. 3-Period Moving Averageiii. Exponential Smoothing,…