marginal cost of managing an additional supplier is $14,800 per year, how many suppliers should Witt Input Devices use? Assume that up to three nearly identical local suppliers are available. Find the EMV for alternatives using 1, 2, or 3 suppliers. EMV(1) = $ whole number.) EMV (2)=$ EMV(3)=$ (Enter your response rounded to the nearest Based on the EMV value, the best choice to use is...
Q: Use this data to illustrate how the manager might make the decision if he uses each of the following…
A: Managers oversee and supervise the service and/or production cycle of an enterprise or organization.…
Q: S C 0 r e 4 b) 3.5 3+ 2.5 2 1.5 1 0.5 + 0 4 3.17 3.18 Malaysian Logistics Performance Index 3.45…
A: The question aims to understand the key components of the Malaysia Logistics Performance Index…
Q: How would you feel if you thought you deserved to be promoted, but instead the organization hired…
A: Going through emotional disappointment due to not getting the promotion that one really deserves can…
Q: What is the latest that activity D can start if A lasts 5 days, B lasts 7 days, C lasts 4 days, D…
A: 1. Take the ES of the initial activity as 0. 2. Add duration to this to get EF. 3. This EF will…
Q: Weekly demand for motors is normally distributed with a mean of 1500 and a standard deviation of…
A: Mean weekly demand = 1500The standard deviation of weekly demand = 1009Assembling and Delivery cost…
Q: 2. Warehouses A, B, and C and D have 25, 25, 15 and 18 units of a certain commodity, respectively.…
A: Transportation Problem in Linear Programming (LP) is a specific optimization technique used to solve…
Q: A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 77…
A: Let me state the given data,
Q: Top of FormWhich of the following is true of facility management organization approval of strategic…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: A merchant plans to sell two smart phones of different models named Sams and Leno. The Sams model…
A: Here, first, I will formulate the LP, then I will solve this LP using the 2-phase simplex method,…
Q: H.B. Fuller Corporation illustrates how first-hand information gained through supplier visits plays…
A: Managing suppliers means planning and handling the connections between a company and its suppliers.…
Q: Q4) What Is Project Quality Management? Write briefly about the five Cost Categories Related to…
A: Project quality management, which focuses on making sure a project fulfils its criteria and produces…
Q: Case Studies in Management: Bank of America Corporation - 2011 Briefly discuss the organization and…
A: The Bank of America Corporation, a prominent financial institution, plays a vital role in the global…
Q: 1. Favors Distribution Company purchases small imported trinkets in bulk, packages them, and sells…
A: The objective of the question is to use trend projection to estimate the relationship between time…
Q: 2. A student has developed a project and is interested in accelerating the schedule. Below network…
A:
Q: A student who is majoring in accounting has two jobs offers: one from PwC for $80,000 and one for…
A: The objective of the question is to identify the student's Best Alternative To a Negotiated…
Q: How do companies balance seniority and meritocracy when making employee promotion decisions?
A: Balancing seniority and meritocracy in employee promotion decisions is a delicate task for…
Q: Describe a job in which citizenship behaviors would be especially critical to an organization's…
A: Customer relationship management is a process that requires cooperation and developing mutual trust…
Q: Based on the critical path, find the probability of completing the office renovation project by 39…
A: First, I will determine the expected time, standard deviation, and variance for each activity, Next,…
Q: Chevron.
A: Strategic management is a field of management that involves the formulation and implementation of…
Q: In aviation Why it is important to have an effective and proper maintenance program? What is the…
A: Business management is necessary for any organization of any size and nature that sharpen its three…
Q: Discuss the importance of demand forecasting in supply chain planning.
A: Demand forecasting is the practice of determining future demand peaks and troughs. To accomplish…
Q: 5. It has been determined that Taguchi's Loss Function constant for a part is k = $8/mm². The…
A: L(y)=k⋅(y−m)2Where:L(y)is the loss incurred when the process produces a part with a deviation y from…
Q: In your own words, briefly explain the SWOT Analysis as a Management Tool and attempt to use your…
A: SWOT analysis is the aspect of business environment analysis that includes a framework that assists…
Q: A manufacturer of outdoor clothing makes wax jackets and trousers. Each jacket requires 1 hour to…
A: Profit per pair by sale of 1 pair of;Jackets (x) = $12Trousers (y) = $14
Q: a. Assume that only purchasing costs are being considered. Compute the total processing time…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Sustainability of change is associated with: Check All That Apply New working practicesNew…
A: The question is asking to identify the factors that are associated with the sustainability of change…
Q: Fund 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Risk High High High High High High Medium Medium…
A: To optimize his portfolio and adhere to specific investment guidelines provided by his financial…
Q: A supplier ships goods from Richmond, VA to three market places in 3 cities (Chicago, IL; Athens St.…
A: Given:ShipmentTransportation Rate($/cwt)CityWeight/dayLTL<50000 lbTL>50000 lbChicago, IL18000…
Q: 4.A PC COMPANY COMPANY MAKES 10$ ON EACH MODEL OF A AND 40$ ON EACH MODEL OF B.EACH P REQUIRES THE…
A: Model AModel BTime Available Packaging time requirements2410 Cleaning time requirements6312…
Q: What does Long and Wood expalin about the unique nature of humanitarian emergencies and the various…
A: Distribution is all about availing a product or service in a manner that can be used by either an…
Q: What is the major cost trade-off that must be made in managing waiting line situations?
A: The waiting line is the aspect of management that describes or specifies the queue in the operation…
Q: Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the…
A: Note:Since you have posted a question with multiple sub parts, we will provide the…
Q: Dexter’s Chicken Dexter pored over the table of data he had compiled using inputs from…
A: Inventory management is a crucial function of a business organization and is linked to storing,…
Q: Consider the following Table summarising the details of a project involving nine activities.…
A: Here, a= optimistic duration ; b= pessimistic duration ; m = most likely duration
Q: What are the non profit organization’s strengths and weaknesses
A: A non-profit organization is an entity that works for a cause other than earning profits. The…
Q: What is the Market Share of Company A? The industry has 3 competitors with the following sales:…
A: A market specifies a place where the buyers or purchasers and sellers of the goods or product meet…
Q: A detailed map that identifies the specific activities that make up the informational, physical…
A: The topic of the inquiry is process mapping, which is an essential tool for company analysis and…
Q: A midsize mobile carrier keeps records of complaints received from its customers. Complaints for…
A: The objective of the question is to find out the percentage of complaints that are due to the…
Q: Do you think organizations differ from each other when placing importance on areas of the SWOT…
A: Yes, organizations can differ from each other, when it comes to putting importance on various areas…
Q: What is the main function of development administration?
A: Achieving development goals and objectives: This involves:Formulating and implementing development…
Q: What are some ways cultural fluency can benefit self-awareness? Different cultures have different…
A: Culture creates a feeling of identity and belonging to an individual. It molds a person's perception…
Q: The annual requirements for a particular raw material are 2,000 units costing Re. 1 each to the…
A: The objective of the question is to calculate the Economic Order Quantity (EOQ) and the total…
Q: question _. though both incentives and disincentives can be used as motivators, how should their use…
A: Motivation is a crucial aspect of effective management, and managers often employ incentives and…
Q: 1. Represent the contents of a project charter with your own example.
A: A project charter is a concise, formal document that certifies the existence of a project and gives…
Q: Demand in each period follows the same normal distribution (i.e., there is one demand distribution…
A: Demand is the aspect of the market or business that is concerned with the desire or expectation of…
Q: A manufacturer is producing face masks and PPES for use by the DOH for its frontliners to be…
A: Find the given details below:Note that we could not proceed with the sub-parts b and c since the…
Q: The average demand is 50 newspapers; Standard deviation is 20 newspapers. The corresponding lead…
A: The objective of the question is to calculate the safety stock and reorder point for a newspaper…
Q: Q4. Write a business letter in full block format requesting your client for an extension in deadline…
A: Business letters refer to the type of formal letters that are used to facilitate communication…
Q: What are the key environmental changes that have necessitated changes in GE’s operations and…
A: A business environment is defined as a variety of changing internal and external conditions where an…
Q: XYZ company provides labor and space for the manufacturing and assembly operations and stocking a…
A: Inventory management is the aspect of production management of an organization including storing,…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Phillip Witt, president of Witt Input Devices, wishesto create a portfolio of local suppliers for his new line of keyboards.As the suppliers all reside in a location prone to hurricanes,tornadoes, flooding, and earthquakes, Phillip believes thatthe probability in any year of a " super-event" that might shutdown all suppliers at the same time for at least 2 weeks is 3%.Such a total shutdown would cost the company approximately$400,000. He estimates the " unique-event" risk for any of thesuppliers to be 5%. Assuming that the marginal cost of managingan additional supplier is $15,000 per year, how many suppliersshould Witt Input Devices use? Assume that up to three nearlyidentical local suppliers are available.Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for his new line of keyboards. He has a total of 3 suppliers available. Philip believes that the probability of a super-event that might shut down all suppliers at the same time to be 3.0%. Such a shutdown would cost company 5 million dollars. He estimates the unique event risk for any supplier to be 5.0 %. Assuming that managing an additional supplier is 1 thousand dollars, how many suppliers should Philip use? Assume that suppliers are identical. (Only enter a number without any units.
- As mentioned in the chapter, some analysts predict barcodes maybe replaced by a wireless technology called radio-frequency identification (RFID). RFID is a system of installing tags containing tinycomputer chips on, say, supermarket items. These chips automatically radio the location of the item to a computer network whereinventory data is stored, letting store managers know not onlywhere the item is at all times but also when and where it was madeand its color and size. Proponents believe RFID cuts costs and simplifies inventory tracking and reordering. It may also allow marketersto respond quickly to shifts in demand, avoid under- and overstocking, and reduce spoilage by automatically removing outdated perishables from the shelves. Privacy advocates, however, think thechips provide too much product-preference information that mightbe identified with individual consumers. In the meantime, Walmartrequires its major suppliers to use the new technology on productsstocked by the giant…After applying the NWC Rule for the initial tableau of the given transportation model, evaluate the vacant cells. What is the cell which has the most negative evaluation value and what is the cell evaluation value? DESTINATION SOURCE DEMAND X Y N OX-R; 1 OY-S; -1 OX-S; -1 OY-S; -2 P 75 8 12 EI 11 Q 80 5 8 11 R 120 7 10 10 S 50 11 13 14 SUPPLY 100 125 100 325A $45,000 investment in a new conveyor system is projected to improve throughput and increasing revenue by $14,000 per year for five years. The conveyor will have an estimated market value of $4,000 at the end of five years. Using NPV with a MARR of 12%, is this a good investment?
- Demand for stereo headphones and music 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 this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 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 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…Please show formula and solution There are approximately 15,000 households in the Sampaloc, Manila. Over the 6-month lockdown, a number of households purchased one (1) unit of air conditioner. The breakdown of the brands purchased is as follows: Super Lamig - 4,688 households Frozen to Death - 1,456 households Feeling Airy - 2,355 households Typhoon - 3,899 households Based on the above data, what is the market penetration of air conditioning units in Sampaloc, Manila during the 6-month lockdown period?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 4,120 February 4,220 March 3,920 April 4,320 May 4,920 June 4,620 July 5,220 August 4,820 September 5,320 October 5,620 November 6,220 December 5,920 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 3 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…
- Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its production lines. Here is demand over the past 12 quarters: TWO YEARS AGO UNITS 4,815 3.515 4,315 3,015 I || III IV || III IV Period I LAST YEAR I III IV UNITS Forecast (Units) 3,510 2,715 3,515 2,415 THIS YEAR I || III IV Use the decomposition technique to forecast demand for the next four quarters. (Do not round intermediate calculations. Round your answers to 2 decimal places.) UNITS 3,215 2,116 2,695 1,695Demand 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 decemberd. Which of the following has the highest Purchasing Power Risk and why? 1. A store building Rented for 30 years at Fixed Rent 2. An office building Rented for 15 years at Fixed Rent 3. A Hotel with constant adjustment of overnight prices