A producer of felt-tip pens has received a forecast of demand of 41,000 pens for the coming month from its marketing department. Fixed costs of $26,000 per month are allocated to the felt-tip operation, and variable costs are 35 cents per pen. a. Find the break-even quantity if pens sell for $1 each. (Round your answer to the next whole number.) QBEP 40,000 units b. At what price must pens be sold to obtain a monthly profit of $16,000, assuming that estimated demand materializes? (Round your answer to 2 decimal places.) Price 64,615.38
Q: Investigate the effects of demand variability on the overall effectiveness of the Wilson approach in…
A: The Wilson EOQ (Economic Order Quantity) model is a valuable tool in inventory management, but its…
Q: A manager uses a trend equation plus quarterly relatives to predict demand. Quarter relatives are…
A: A tracking signal is a statistical measure that is used to evaluate the accuracy of a forecast. It…
Q: Using the following table, perform ALL FIVE of the techniques for decision-making under Uncertainty:…
A: Mathematic models of decision-making help businesses make the correct decisions for their…
Q: 1. In your own words explain what is project scope ? What is the difference between a project…
A: Project management is a complicated science that relies heavily on exact definitions and…
Q: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of…
A: Given data is
Q: First line supervisors are responsible for directing the day-to-day activities of operative…
A: Managers are classified into various types as per the organizational level of hierarchy where they…
Q: 1. Why is necessary to identify and include stakeholders in a project? List several methods that you…
A: Effective communication and teamwork are essential to the success of any endeavor in the complicated…
Q: A Mercedes dealer purchases vehicles for $20,000. The annual holding cost is estimated to be 25% of…
A:
Q: The flow rate through a process is 0.5 flow units per minute. The number waiting for the process is…
A: Find the given details below: Given details:Flow rate0.5minutesNumber of waiting for the…
Q: Calculate FlySafair's multifactor productivity for 2022 Q1 and 2022 Q2. 2.2 Determine the growth in…
A: Multifactor productivity measures the rate of output of a process with respect to multiple inputs…
Q: The Morning Brew Coffee Shop sells Regular, Cappuccino, and Vienna blends of coffee. The shop's…
A: In the current product line- Regular CoffeeCappuccinoVienna CoffeeBeverages sold400150100Price…
Q: Problem 5-17 (Static) The following diagram describes a process that consists of eight separate…
A: Process capacity refers to the maximum output that a process can deliver within the stipulated time.…
Q: Alan Industries is expanding its product line to include three new products: A, B, and C. These are…
A: Find the given details below: Given…
Q: Given a network with the following distances: Build the model and solve the problem using Solver.…
A: Linear programming- Network Flow Models- Consist of a network of sources and destinations. These…
Q: Explain the concept of data transformation in data management. How can organizations effectively…
A: Data transformation is a fundamental component of good data management, where raw and frequently…
Q: Describe the challenges and benefits of implementing blockchain technology in supply chain…
A: SCM is a strategic approach to integrating supply and demand in the market. It involves several…
Q: The following table lists the components needed to assemble an end item, the manufacturing or…
A: The assembly process helps an organization collect the components in one place that are required to…
Q: A manufacturer of industrial seafood processing equipment wants you to develop an aggregate plan for…
A: Transportation method is the widely used optimization method in the field of supply chain, logistics…
Q: A For each network below find the shortest path from A to K and determine its length. Please explain…
A: The shortest path method is used to find the shortest path between two nodes in a graph. This means…
Q: Projects can be structured depending on its characteristics. Explain any three project structures,…
A: Projects can be structured based on their characteristics, First, I will mention three project…
Q: An assembly line requires two components: gadjits and widjits. Gadjits are produced by center 1 and…
A: Find the Given details below:
Q: Figure 10-1 above represents the stages of the product life cycle. What does the section of the…
A: The product life cycle deals with marketing and product management defining the stages a product…
Q: What role does stakeholder identification and analysis play in the requirement analysis process?
A: In the realm of operations management, effective requirement analysis is a crucial phase in the…
Q: Analyze the effect of changing interest rates and carrying costs on inventory decisions when…
A: The Wilson EOQ (Economic Order Quantity) model is fundamental inventory management tool that helps…
Q: What are the core components of the Wilson approach in inventory management?
A: It is important to manage inventory in an effective manner. There is a time gap between the…
Q: At the old city hall, mail was sorted in a glorified closet—not the sort of place you'd expect to be…
A: The story of Steve Kaufmann's embezzlement at Weston's old city hall exposes a troubling example of…
Q: What role does a business analyst play in the requirement analysis phase of a project?
A: A Business Analyst plays a crucial role in the requirement analysis phase of a project. This stage…
Q: Macon Controls produces three different types of control units used to protect industrial equipment…
A: Find the Given details below:
Q: Being the winning bidder means that your company will earn a profit on that project. A) True B)…
A: A project normally includes a specified beginning and ending date, a set of goals, and the actions…
Q: Compare and contrast three common types of production processes: make-to-order, make-to-stock, and…
A: A production process is a set of methodical actions performed in a predetermined order to convert…
Q: Question 2. Consider the process for a store below. a. What is the bottleneck? Alice A 3 min/cust…
A: Find the Given details below:
Q: The monthly sales (in units) for a refrigerator in April 2021 through September 2021 were as…
A: Month (2021)SalesApril42May56June49July41August56September59
Q: Assume that the optimistic, most likely, and pessimistic activity times are as given in Table 2.4.…
A: A network diagram shows the link between each task and the duration taken by each activity with…
Q: Required: ii) Assuming you and your friend decided to go ahead and start this business, identify…
A: Business management includes the activities that help in the smooth running of a business. Business…
Q: Kim Petras is starting to appreciate the works of Max Weber particularly that selection of employees…
A: Selection of employees is a crucial aspect to consider for any organization. This a process…
Q: Romans sells the Regular blend for $3.60 per pound and the DeCaf blend for $4.40 per pound. Romans…
A: Linear programming helps us to find the optimal solution/best outcome, within the given…
Q: Mack's guitar fabrication shop produces low cost, highly durable guitars for beginners. Typically,…
A: Find the Given details below: Given details:Total output100Good Quality82%Bad Quality18%Selling…
Q: 2. Green Valley Mills produces carpet at plants in St. Louis and Richmond. The carpet is then…
A:
Q: Calculate the ending inventory at month 6 of the following aggregate plan. The initial inventory is…
A: An aggregate plan is a strategy in inventory management wherein the production is harmonized as per…
Q: b. At what price must pens be sold to obtain a monthly profit of $16,000, assuming that estimated…
A: Break-even quantity (BEQ) is a statistical tool that helps to identify the minimum required unit to…
Q: Considering the following decision tree, what is the EV at node 3? Assume the payoffs are COST…
A: Here, the prior probabilities and posterior probabilities are given.Prior Probability:Posterior…
Q: Case Study: Ruritania public health project contract provision Background The Ministry of Finance in…
A: The Ruritania public health project, funded with $100 million from the Ministry of Finance,…
Q: Quality level 70.00% Working Days 5 Shifts 3 Length of shift (hours) 8 Operators 5 Planned…
A: Quality level 70.00%Working Days 5Shifts 3Length of shift (hours) 8Operators 5Planned downtime per…
Q: The management of an electric vehicle manufacturer, XBG Enterprises, is currently reviewing the…
A: The transformation process refers to the actions and resources involved in changing raw materials,…
Q: Define Customer Relationship Management (CRM) and explain its significance in modern business…
A: Client relationship management (CRM) is a thorough method for maintaining and managing client…
Q: Problem 1-4 (Static) Consider the following financial data from the past year for Midwest Outdoor…
A: The acronym "ROA" stands for "Return on Assets." It is a financial ratio that assesses how…
Q: Perform a "product-by-value" analysis on products A, B, C, D, and E. A Unit Contribution Total…
A: The product-by-value analysis is a potent framework for objectively evaluating a company's goods and…
Q: A retired couple supplement their income by making fruit pies, which they sell to a local grocery…
A: Let the number of Apple Pies made be A and Grape Pies made be G.Total Revenue = Selling Price per…
Q: Given the following information, compute the early, late, and slack times for the project network.…
A: Find the Given details below: ActivityDurationPredecessorLag relationshipsExtra Lag…
Q: Calculate FlySafair's multifactor productivity for 2022 Q1 and 2022 Q2.
A: Multifactor productivity indicates the proportion between total output value with two or more input…
Step by step
Solved in 3 steps with 3 images
- Fat(g) Item cost($) $0.25 $0.15 $0.10 $0.09 $0.03 $0.04 $0.02 $0.04 Item Sodium(mg) Calories Beef Ratty.m 50 17 220 260 330 310 Bun Cheese 70 Onions 1 10 Pickles 260 5 wer Lettuce 3 4 Ketchup 160 20 Tomato 3 As the owner of a fastfoad restaurant with declining sales, your customers are looking for something new and exciting on the menu. Your market research indicates that they want a burger that is loaded with everything as long as it meets certain health requirements. Money is no object to them. The ingredient list in the table shows what is available to include on the burger. You must include at least one of each item and no more than five of each item. You must use whole items (for example, no half servings of cheese). The final burger must contain less than 3000 mg of sodium, less than 150 grams of fat, and less than 3000 calories. To maintain certain taste quality standards you'll need to keep the servings of ketchup and lettuce the same. Also, you'll need to keep the servings of…Please provide answers to subparts d to J: Company B is a retailer of mobile phones in Australia that works 250 days in a year. The manager is determining a minimum-cost inventory plan for an upcoming phone to be launched in the market. She has collected the following information: • Annual demand: 1000 phones • Phone cost: $1,214 each • Phone RRP: $1,349 each • Net weight: 163 g each • Tare weight: 277 g each • Annual inventory holding cost: 15% • Cost per order to replenish inventory: $75 • Annual in-transit holding cost: 10% • Freight rate: $8.10 per kg • Time to process order for freight: 1 days • Freight transit time: 3 days Solve this problem using a non-linear programming (NLP) model to determine the followings: d. The total cost for holding the inventory e. The total cost for transportation f. The total cost for holding the phones during transit g. The total cost for this inventory plan h. The number of orders i. Ordering point j. The profit from this inventory planDemand 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…
- Subject: Logistic Manangement Q#1) What are the defination of Verticle and Horizontal Integration, explain with examples of each?1.1: Definition1.2: ExamplesDemand of Hairdryer from January to July Month Demand January 2800 February 2870 March 2968 April 3000 May 3100 Jun 3150 July 3400 a). Calculate forecast future demand for May, June, July and August by using 3 months simple moving average. b) Determine TWO (2) consequences if the company produce supply more than the customer demand. c) In your opinion, provide ONE (1) perspective you will look into supplier before made a decision to select a supplier.4. In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,100 radials each year. In the past 2 years, 220 and 250, respectively were sold in fall, 360 and 300 in winter, 150 and 160 in spring, and 320 and 440 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,300 radials. Part 2 Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers): Season Demand Fall __________
- 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 4,240 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…Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows: Room Rental Class Super Saver Deluxe Business $30 $30 Type I Type II Type I rooms do not have high-speed wireless Internet access and are not available for the Business rental class. Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 120 rentals in the Super Saver class, 55 in the Deluxe class, and 50 in the Business class. Round Tree has 90 Type I rooms and 120 Type II rooms. $25 $20 $40 (a) Formulate and solve a linear program to determine how many reservations to accept in each rental class and how the reservations should be allocated to room types. Rental Class…10:18 | 0.6KB/s0 8 1 64 < Individual Assesment Q JWZ 114 (23 January 2021) ndividual Assessment Based on the slide explanation, answer all question. 1. How would you define 'logistics', 'supply chain'? and How are these areas important? 2. How do you define warehouse or storage? Give one situation related to the warehouse situation. (Picture) 3. List 4 Rules of Running a Warehouse. 4. What is the Golden Rule use for humanitarian Organization? 5. What is the logistic assessment? Word count Mobile view Display directory Edit I! II
- Problem 16-15 (Algo) The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue Cost of goods sold Value of production materials on hand Value of work-in-process inventory Value of finished goods on hand Inventory turnover ratio $350,000 307,000 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) Weeks of supply 42,500 47,000 17,500 per year b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)Alar is a manager at Shoeless Joe's Sports Bar and Grill and was approached by a hockey team asking for sponsorship. Sponsorship would mean purchasing 18 jerseys for the team BUT would see the team visit the restaurant on a regular basis. • The EXPECTED RETURNS for the restaurant from these visits would be Gross Sales of $2,000 per year for an expected five years. (Assume the restaurants profit margin on food/alcohol sales is 40%, so USE NET PROFIT of $800 per year for all calculations). Further, the jerseys would have the Shoeless Joe's logo and act as advertising (a goodwill function in accounting), BUT this is not considered in the calculations. Alar remembers something about CLTV in college and wants to calculate the CLTV using different methods on ONLY the future expected business from the team ($800 per year) (ignore advertising or goodwill from the jerseys). Determine: a) The CLTV of the team for "five years" using the "Easy Method". b) The CLTV of the team using the "Simple…4. From the information given find the overall food cost. (Show all workings). Items Sales Hot Dog 45.2 Ice Tea 15.3 Wedges 22.4 Sale Percent of Food Cost $375. 1% of Dollar 35.0 $220 22.0 $350 24.0 $212 Beverages 17.1 Total 30.0 $1157 100.0