a) Using excel, calculate the total cost of the following plan : Plan : is to maintain a constant workforce at a level necessary to meet the lowest demand month and to meet all demand above this level by subcontracting. (Answer in Field )
Q: Who needs to be involved in capacity planning?
A: person who needs to be involved in capacity planning as follows:
Q: Dirac Manufacturers Co. plans to introduce a new type of shirt based on the following information:…
A: Selling price of shirt per unit (SP) = $ 57 Variable cost per unit (VC) = $18 Fixed cost = $7800…
Q: Describe in detail why capacity planning is important to a business?
A: Capacity planning aids in determining the Plant's production capacity so that it can meet the…
Q: Defintion of the word "what-if" For capacity planning, how may a spreadsheet be utilized?
A: Capacity planning is both a science and an art form. In its most basic form, it comprises…
Q: When demand for future resources is expected to decrease, the company can start to plan ways to shed…
A: The organization can use the Dynamic Strategy as the dynamic strategy is associated with the…
Q: How important is strategic capacity planning for products and services? Defend your answer
A: Capacity refers to a system's ability to produce products or provide services over a given time…
Q: A production line is to run at 1000 units per month. Sales are forecast as shown in the following.…
A: Given data is
Q: When planning its operations, a company should develop the plans below in which of the following…
A: When planning its operations, a company should develop the plans below in which of the following…
Q: Joe’s Tasty Burger has determined that its production facilityhas a design capacity of 400…
A: The amount of a factory's production capacity that is currently being used is referred to as…
Q: Out of the following factors that are affecting Capacity Planning, which one is Less Controllable…
A: Capacity planning is the process of planning the required production output based on the requirement…
Q: Explain what models and methodologies are applicable to capacity planning?
A: The following models and procedures can be used to schedule capacity:
Q: What is the capacity balance? Why is it hard to achieve? What methods are used to deal with capacity…
A: A capacity balance is a condition in a firm where different sub-processes of operation operate in…
Q: What steps are necessary in the capacity planning? differentiate between product capacity and…
A: Capacity planning refers to the process of determining the production capacity that is needed by an…
Q: What is the cycle time necessary to achieve the desired rate of production? (b) Using the longest…
A: The cycle time can be determined as:- Putting the values:- Hence the cycle time is 12 minutes.
Q: Capacity decisions must be integrated into the organization’s mission and strategy. True or false?…
A: The statement is true; capacity decisions must be coordinated into the association's main goal and…
Q: State the options for the production manager who had scheduled more than one capacity in a work…
A: To be Determined: Alternatives for a production manager who is scheduled to operate in numerous jobs…
Q: Identify four potential unethical actions or inactions related to capacity planning, and the…
A: The four potential unethical acts or inactions relevant to capability planning are as follows:
Q: What would "capacity in chunks" mean, and why is it a consideration in capacity planning
A: Capacity planning refers to the process used by organizations to ensure that their supply…
Q: A barbershop has been using a level workforce of barbers five days per week, Tuesday through…
A: Aggregate planning is an activity that finds out about the quantity of material, suppliers, quantity…
Q: How a systems-based approach to capacity planning advantageous in operations?
A: Frameworks based methodology uses a normalized set of the board steps that are sequential and might…
Q: In a short essay, Suppose that you are opening a new restaurant. Describe the capacity analysis of…
A: Capacity Analysis is the way toward recognizing the accessible capacity with regards to your…
Q: Describe how can a system based approach to capacity planning help ?
A: Introduction:- Managers need to consider all system components can results in inequitable…
Q: In an essay, suppose you are opening up an an Applesbee's restaurant. describe the capacity…
A: While these things are significant, there is one basic factor missing from this rundown which…
Q: What are the factors that go into capacity planning? Consider a few options for balancing the load…
A: Capacity need planning has evolved into a critical activity in industrial organisation. This step…
Q: operations
A: Talking about the system based approach then, this approach will help the management to take…
Q: What is done if there is an unbalanced between demand and capacity?
A: Short term imbalance can be tackled by temporary measures or adjustments such as increasing or…
Q: Explain and expand these importance of capacity planning. 1. Capacity decisions have a real…
A: Capacity is the capability to produce the desired output per unit time by any organization. Capacity…
Q: At first glance, the concepts of the focused factory and capacity flexibility may seem to contradict…
A: focused factory and capacity flexibility
Q: Briefly discuss how does capacity planning interrelates with other activities of operations?
A: Capacity planning refers to budgeting and scaling the business in order to identify the optimal…
Q: Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production…
A: Find the given details below: Given Details: Designed Capacity (Maximum) 125 Units Per Hour…
Q: explain how can a systems-based approach to capacity planning help in an organisation ?
A: Capacity planning refers to the planning process that identifies the production level, materials,…
Q: The following table details the tasks required forIndiana-based Frank Pianki Industries to…
A: Activity Immediate Predecessors Duration A - 5 B - 1.5 C B 3 Edge…
Q: . The school cafeteria can make pizza for approximately $0.30 per slice. The cost of the kitchen use…
A: Make Decision: Variable Cost = Pizza making price = $0.30 per slice Fixed Cost = $200 per day Buy…
Q: In an essay, suppose you are opening up an an Applebee's restaurant. describe short and long term…
A: Capacity is the greatest measure of work a bookkeeping practice is equipped for finishing in a given…
Q: What are the options available for the production manager when there is a consistent lack of…
A: To be determined: When a certain work center consistently lacks capacity, the production manager has…
Q: Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production…
A: Capacity utilization rate is the measure of the proportion of economic output actually realized…
Q: How can a systems approach to capacity planning be useful?
A: Capacity planning is the planning of a firm to know the production capacity needed to satisfy the…
Q: Analyze the below scenario and answer the following. Use headings and bullet points to explain.…
A: Determining requirement: Before starting the process it is very important to identify or determine…
Q: What input data do you need for making an aggregate level capacity plan (both level and chase…
A: Aggregate planning is intermediate-range capacity planning that typically covers a time horizon of 2…
Q: What are the quantities of two inputs the firm must buy in order to produce a maximum output, given…
A: Given, the input limit is K+L= 100
Q: hello can you please provide an example of production plan in a business plan which includes the…
A: Creation plan serves as an aide for your company's production activities. It sets up and…
Q: a. Determine the break-even point for each range. h. If estimated demand is 90 to 120 customers per…
A: The breakeven point is the level of production where the costs of production are equal to the…
Q: Describe the different capacity based options used in aggregate planning and their implications for…
A: Aggregate planning is the act of developing, revising, and keeping a rough, approximated timetable…
Q: Compare capacity planning in services to capacity planning in manufacturing?
A: Below is the solution:-
Q: What are some capacity balance problems faced by the following organizations or facilities?a. An…
A: Some capacity balance problems faced by an airline Terminal: flight arrival and departure scheduling…
Q: What is the best way to achieve a balanced plant? Balance output with capacity, balance output with…
A: THE FIRST BALANCED PLANT ISTO BALANCE OUTPUT WITH CAPACITY THE PLANT IS OPERATING AT 100% CAPACITY.…
Q: Why there is so much fuss about adopting the big picture approach to capacity planning in business…
A: An operation manager's job is to ensure that an organisation or business can produce enough goods…
Q: Choose an example from the following for capacity measures based on the output.
A: The measure provides an indication of the extent of effort or levels of variable inputs needed to…
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- Calculate customer life time value for the data below. (Show Work) Purchase Occasion Transition Probability Average Basket Size 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ΝΑ 55% 75% 78% 83% 81% 81% 86% 82% 85% 90% 93% 85% 89% 85% 91% 97% 97% 96% 85% 83% 89% 82% 79% 82% 89% 88% 86% 67% 75% $46.71 $56.71 $57.93 $56.87 $58.26 $66.90 $63.62 $70.27 $63.03 $62.60 $71.81 $76.76 $78.14 $65.65 $74.84 $81.11 $72.08 $87.30 $71.94 $75.44 $70.35 $72.86 $66.68 $79.90 $93.91 $61.08 $94.16 $100.40 $77.89 $99.70Supply/Demand Info Predicted Sales Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost/hour Overtime cost/ton Subcontracting costiton Holding cost ton/month Hiring cost employee Firing cost/employee Beginning Apr May 4,200 531 $20 $32 $25 $10 $3.700 $4.000 Jun 51,500 50.300 61,600 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/ton Regular production tons/employee/month Max regular production (tons/month) Max overtime production (tons/month) Max subcontractor production (tons/month) 3 100 56,700 3,700 6,000 Jul Aug Sep 45,400 56.600 62,800 Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with only the use of regular production and no inventory left over at the end of the six-month period. What is the regular…Q: How the net profit is calculated for product explain and derive formula for it?
- Q4) A manufacturer provides specialized microchips. During the next 3 months its sales, costs, and available time are shown in the table. Month 1 Month 2 Month 3 There are no chips in stock at the beginning of the first month. It takes 1.5 hr of production time to produce a chip and costs $5 to store a chip from one month to the next. Determine a production schedule that meets the demand requirements, does not exceed the monthly production time limitations, and minimizes cost. Note that no chips should be in stock at the end of the 3 months. Use fmincon. Chips required Cost regular time ($/chip) Cost overtime ($/chip) Regular operation time (hr) Overtime (hr) 1000 100 110 2500 100 120 2200 120 130 2400 2400 720 2400 720 720a. Meaning of ABC analysis?c. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). MONTH PRODUCTION DAYS DEMAND FORECAST DEMAND PER DAY JAN 2022 16 150 ? FEB 2022 16 150 ? MAR 2022 23 250 ? APR 2022 21 250 ? MAY 2022 22 400 ? JUN 2022 22 500 ? JUL 2022 21 600 ? AUG 2022 20 750 ? SEP 2022 20 450 ? OCT 2022 20 250 ? NOV 2022 16 150 ? DEC 2022 16 150 ? TOTAL ? ? d. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number). e. Prepare a graph showing the monthly forecasts and average daily forecast (in units per day) for MPQ Limited.
- 29 00:24 1 令.l 50 B/s Question no. 02: A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The accompanying table summarizes price and cost data, combined fixed costs equal $650,000. A marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of Bamsi and 4 units of Turgut will be sold. Action Figures Turgut Bamsi Dogan Novan Selling Price (in dollars) 35 26 24 16 Variable Cost/unit (in dollars) 17 12 12 11 Table 1 a) How many product mix units must be sold to break even? b) How does it translate into sales of individual games?Table 1. Demand of Hairdryer from January to July [Jadual 1. Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January February 2800 2870 March 2968 April Мay 3000 3100 Jun 3150 July 3400 a) Calculate forecast future demand for May, June, July and August by using 3 months simple moving average.[hitung ramalan permintaan masa depan untuk bulan Mei, Jun, Julai dan Ogos dengan menggunakan purata bergerak sederhana 3 bulan.] *d) Cost of the fifth unit = ? (round your response to the nearaest whole number. (How do I find the calculation for this question?)
- Consider the following price and dividend data for Ford Motor Company: Dividend ($) Date December 31, 2004 January 26, 2005 April 28, 2005 July 29, 2005 October 28, 2005 December 30, 2005 Price ($) $14.04 $13.43 $9.14 OA. -44.4% OB. -40.2% OC.-42.32% OD. -38.1% $10.74 $8.02 $7.72 $0.12 $0.12 $0.12 $0.12 Assume that you purchased Ford Motor Company stock at the closing price on December 31, 2004 and sold it at the closing price on December 30, 2005. Your realized annual return is for the year 2005 is closest to:Demand(box) 10 11 12 13 14 15 and and more less Possibility 0.1 0.18 0.26 0.24 0.12 0.1 A business that will open a gift shop in Los Angeles is considering making and selling love- themed magnets. It is thought that it will not be possible to order new magnets during the fair period, and magnets that are not sold during the fair period will not be sold later. A box of magnets costs the business $100 and generates $460 from its sale. The table includes predictions about demand probabilities. a-) What is the overstocking cost of the business in dollars/box? b-) How many dollars/box is the missing stocking cost?Subject: Logistic Manangement Q#1) What are the defination of Verticle and Horizontal Integration, explain with examples of each?1.1: Definition1.2: Examples
