THIS IS ALL ONE QUESTION O Hickory Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years.Year234Forecast demand5883858989Currently the manufacturer has nine machines that operate on a two-shift (eight hours each) basis. Thirty days per year are available forscheduled maintenance of equipment with no process output. Assume there are 250 workdays in a year. Each manufactured good takes 25minutes to produce.a. What is the effective capacity of the factory? Round your answer down to the nearest whole number.units/yearb. Given the five-year forecast, how much extra capacity is needed each year? Use a minus sign to enter an answer, if there is excess capacity.Round your answers to the nearest whole number.Year1.234Extra capacity needed (units)C. Does the firm need to buy more machines? If so, how many? When? If your answer is zero, enter "0". Round your answers up to the nearestwhole number.Year2Additional machines neededO- Icon Key

Given data is Number of machines(M) = 9 Number of shifts(S) = 2 Total shift hours = 16 Available…

Answered: OHickory Manufacturing Company…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section4.8: Data Envelopment Analysis (dea)

Problem 42P

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