Explain yield management and why it is an important strategy.
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Q: What models and methodologies are applicable to capacity planning ?
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Q: Identify four potential unethical actions or inactions related to capacity planning?
A: In the hands of planners, capacity planning is a very useful tool. As a consequence, this power can…
Q: Explain what capacity management is and why it is strategically important.
A: The capacity management refers to the process of ensuring an organization escalates its production…
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: Define yield management. How does it differ from the pure strategies in production planning?
A: Yield management is a variable pricing methodology executed by understanding, influencing, and…
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A: The original Sure Step’s model is given below.
Q: , contrast the “Level” strategy from the “chase” strategy?
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Explain yield management and why it is an important strategy. |
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- Consider the following companies, each of which is your consulting client: Performance Bicycles, a mail order company that supplies bicycles, parts and bicycling equipment and clothing. The Nathalie Hotel, a downtown hotel that serves primarily convention and business travelers. The Barangay Asenso Public Health Clinic, which is supported by tax revenues of Barangay Asenso and public donations. The American motorcycle company. The Metro pharmaceutical company. Required Determine each client’s competitive strategy and related critical success factors.How does aggregate planning contribute to overall cost reduction and efficiency improvement?Explain the reason why net present value is an appropriate tool for comparing investments ?
- Southeast Soda Pop, Inc., has a new fruit drink forwhich it has high hopes. John Mitten thai, the production planner,has assembled the fo llowing cost data and demand forecast: John's job is to develop an aggregate plan. The three initialoptions he wants to evaluate are:• Plan A: a strategy that hires and fires personnel as necessaryto meet the forecast.• Plan B: a level strategy.• Plan C: a level strategy that produces 1,200 cases per quarterand meets the fo recast demand with inventory and subcontracting.a) Which strategy is the lowest-cost plan?b) If you are John's boss, the VP for operations, which p lan doyou implement and why?From a managerial standpoint, please describe the value of aggregate planning. ExplainEZ-Windows, Inc. manufacturers replacement windows for the home remodeling business. In January, the company produces 15,000 windows and ended the month with 9,000 windows in inventory. EZ-Windows' management team would like to develop a production schedule for the next three months. A smooth production schedule is obviously desirable because it maintains the current workforce and provides a similar month-to-month operation. However, given the sales forecasts, the productioncapacities, and the storage capabilities as shown in Table 2, the management team does not think a smooth production schedule with the same production quantity each month possible.The company's cost accounting department estimates that increasing production by one window from one month to the next will increase total costs by $1.00 for each unit increase in the production level. In addition, decreasing production by one unit from one month to the next will increase total costs by $0.65 for each unit decrease in the…
- Managers at ABC, Inc. are reviewing the economic feasibility of manufacturing a part that the company currently purchases from a supplier. Forecasted annual demand for the part is 3300 units. ABC operates 250 days per year. ABC’s financial analysts established a cost of capital of 10% for the use of funds for investments within the company. In addition, over the past year $500,000 was the average investment in the company’s inventory. Accounting information shows that a total of $24,000 was spent on taxes and insurance related to the company’s inventory. In addition, an estimated $9000 was lost due to inventory shrinkage, which included damaged goods as well as pilferage. A remaining $15,000 was spent on warehouse overhead, including utility expenses for heating and lighting. An analysis of the purchasing operation shows that approximately four hours are required to process and coordinate an order for the part regardless of the quantity ordered. Purchasing salaries average $28 per…Acme Corp has fixed has fixed overhead of $250,000 for its plant and salaries of $350,000. It sells high quality industrial values for $200 each, which is $40 more than its competitors. Variable productions costs are $140. Last year Acme sold 50,000 units. This year Acme sold 40,000 units. Total industry unit sales this year were 250,000. What is Acme's profit? O $1,800,000 O $1,600,000 O $1,400,000 O $1,200,000 O none of the aboveExplain competitive priorities of a company. Give a real example