The dealer has allocated a budget of 23,000 TL for the transportation of the machines from the factory. Assume that the annual inventory carrying cost rate is 30 percent. Calculate the unconstrained order quantities. Are these values optimal? If not, determine the optimal quantities to be stored from each model (Hint: λ is 0.337).
Q: Can you explain the roles of the project manager in a team using predictive analysis vs. an agile…
A: Meaning- Predictive analytics - Predictive analytics is the utilization of data to foresee future…
Q: 15. Krouscas Foods makes a special blend of oil that is popular in Greek cooking. They import oil…
A: Let x be the cost per gallon for vendor 1, and y be the cost per gallon for vendor 2. Taking help…
Q: Knowing how to use the ABC analysis, make up a list of 10 items in a stores inventory, then decide…
A: Here, First I would explain the term ABC analysis in Inventory management, and then, I would create…
Q: What is work breakdown structure (WBS)?
A: Project management is essential for any business or organization that wants to stay competitive in…
Q: How does ERP link the many parts of the company?
A: Enterprise resource planning (ERP) would be a platform used by organizations to coordinate and…
Q: what are ways that products can be protected against inttellecutal propery loss
A: Protecting products against intellectual property loss is an important step in ensuring a company's…
Q: C. What is the optimal solution?
A: Linear programming is a mathematical technique commonly used in most companies' operations…
Q: A contractor is preparing a bid to install swimming pools at a new housing addition. The estimated…
A: Given Time for 1st unit (T1) = 31 hoursLearning curve (L) = 80% or 0.8Unit to find Tn= 7
Q: he first time you have a chance at the top is the second one you get a free pass and you can go on…
A: Footways or footpaths (including any path along the side of a road) should be used if provided.…
Q: Evaluate critically the differences between general training and specific training. Further, explain…
A: Training is essential for any organization’s success. It helps ensure that employees have the skills…
Q: employee works an average of 150 hours per month. Employees are paid at $12 per hour, the materials…
A: For the given data, I would determine the multi-factor productivity ratio, here, given that Total…
Q: Prepare a product-by-value analysis for the following products, and given the position in its…
A: Given- Project Alpha:Annual sales = 1,500Individual dollar contribution = $1,500Project Bravo:Annual…
Q: 6-19 Work-in-Process Inventory, June 1 ? Work-in-Process Inventory, June 30 55,000 gallons Units…
A: Given- Work in process inventory, June 30 = 55,000 gallonsUnits started during June= 75,000…
Q: 7: According to project management, summarize the project life cycle. 8: Explain the…
A: 7. Project Life Cycle An organised framework of best practises called the project management…
Q: What is the minimum sensible storage volume in the fast-pick area for this SKU, measured in cubic…
A: Stocking and picking are two important activities in Operations Management. Stocking refers to the…
Q: Projects with very general scope definitions are at risk of expanding gradually, without specific…
A: NOTE: We are allowed to do one question only. Projects are also useful for learning new…
Q: Formulate this as a covering problem and solve it with the Excel solver.
A:
Q: What are two outcomes of the process of controlling quality that you could quickly outline to help…
A: There is no one definition of quality. Quality control is the process through which goods and…
Q: when is the customer said to be satisfied
A: Customer is a person who buy goods or services from a business.
Q: Mauricio estimates that the first module of the project could be completed in as few as 15 days or…
A: There are several MCQ questions here, so following the rules, the first question should be used for…
Q: A hardware store will run an advertising campaign using radio and newspaper. Every dollar spent on…
A: Let us say x1 and x2 as the decision variables as radio and newspaper ads. Now since the costs are…
Q: A. Create an excel file. (Show all formulas in one screen shot and the results as another…
A: Lead time, LT 20 minutes Lead time, LT = 20/60 = 0.33 minutes hourly demand, d 90 Safety…
Q: Sampling 4 pieces of precision-cut wire (to be used in computer assembly) every hour for the past…
A: Given-
Q: do the questions based on the toyota motors company Describe how Just In Time invetroty is…
A: 1. Just In Time inventory is supporting Toyota motors business strategy or mission statement and…
Q: How may a project involving the development of new technologies, like mobile banking, make use of…
A: The Four Organizational Frameworks are : Structural Frame. Human Resource Frame. Political Frame.…
Q: Describe and identify key stakeholders within the project, and outline your communications plan with…
A: Stakeholders are those with an interest in a project outcome. They are typically the members of a…
Q: Calculate the unconstrained order quantities Are these values optimal? If not, determine the optimal…
A:
Q: Question content area Part 1 Refer to Table S6.1 - Factors for Computing Control Chart Limits (3…
A: Introduction- The control chart is a diagram used to concentrate on how an interaction changes over…
Q: A catering company must have the following number of clean napkins available at the beginning of…
A: CONCEPT- The minimum-cost method endeavours to decrease the costs of conveyance by focusing on the…
Q: Consider the problem subject to Maximize z = x₁ + 5x₂ + 3x3 x₁ + 2x₂ + x3 = 6 2x₁ - x₂ = 8 X1, X2,…
A:
Q: a) calculate the overall capacity for the system in units/hour
A:
Q: Briefly explain history of logistics distribution?
A: Logistics is the management and control of goods distribution and shipment from the source to the…
Q: In business parlance, what does it mean to have "several processes" in place? Could this idea be…
A: ANSWER : In business parlance, having "several processes" in place means that an organization has…
Q: Look for a sample healthcare project charter document on the Internet from the Univerisity of…
A: ANSWER : A sample healthcare project charter document from the University of Michigan on their site…
Q: Which of the following is NOT a valid purpose for managerial communication? Group of answer choices…
A: Managerial communication alludes to cooperation among managers and their subordinates inside an…
Q: What happens when the mean time between failures (MTTR) approaches zero? Is this a situation that…
A: To explain: What happens when the mean time between the failures approaches to 0 and also check is…
Q: The three main factors that will be present in committing fraud that can be found in a fraud…
A: The fraud triangle is a model used to explain the factors that contribute to fraud. Understanding…
Q: workflow of a process?
A: A workflow is a set of tasks or processes that are organized in a specific sequence to achieve a…
Q: Identify the major differences between qualitative and quantitative forecasting. From your point of…
A: Introduction- Qualitative and quantitative forecasting methods are 2 significant sorts of…
Q: 1) How can lean for the new car to reduce waste on the assembly line? manufacturing be incorporated…
A: As per this question, I would describe the processes that could be performed to implement lean…
Q: A. Create an excel file. (Show all formulas in one screen shot and the results as another…
A: Given We need 6 Kanbans for the production process. Kanban is a method for managing and…
Q: Nationwide Auto Parts uses a periodic review inventory control system for one of its stock items.…
A: Safety stock management is vital in retail as recent fads arise and demand varies. Organizations can…
Q: Formulate the LP and then use the graphical 2D method to solve Corner points of the feasible region:…
A: I would formulate the LP, then, I would solve this LP using the graphical method, The LP…
Q: The control limits for the 3-sigma R-chart are (round all intermediate calculations to three…
A: Control charts are also known as process-behavior charts. It is a statistical process that helps in…
Q: differentiate among the various project deliver approaches?
A: When it comes to project delivery, there are several different approaches that can be taken. Each…
Q: You are constructing an office building. Work has started and you are in the middle of your project.…
A: Here, from the case, we could see that the work has been started and is going through the middle of…
Q: What is the importance of project organizational chart? How is this related to project controlling…
A: Project management is an important part of any business. It involves the planning, organizing, and…
Q: Describe what the term "productivity" implies and how to improve an organization's productivity.
A: Productivity is a efficiency of the company and worker who converts capital and labor (input) into…
Q: Weighted-average costs per equivalent unit are $2 for direct materials and $3 for conversion. There…
A: Given: Direct materials 2 Conversion 3 Goods completed 10000 Ending inventory 1000
Q: Have you given any attention to the possibility that interruptions might increase productivity and…
A: Introduction- In the manufacturing industry, downtime is the best foe of productivity. Any time a…
Step by step
Solved in 2 steps
- 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. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?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?Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.
- Problem 12-37 (Algo) A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 36 quarts per day and a standard deviation of 5 quarts per day. Excess costs run 50 cents per quart. The grocer orders 41 quarts per day. Use Table. What is the implied cost of shortage per quart? (Round your z value to 2 decimal places, your service level probability to 4 decimal places and your final answer to 2 decimal places.) Shortage cost per quartDaily demand for a type of sandwich sold at DoorRed Cafe (DRC) is normally distributed with a mean of 65 and a standard deviation of 27. DRC orders the sandwiches from a wholesaler (everyday morning before 5:30 AM) at a wholesale price of $4 per sandwich and sells them at a retail price of $7 per sandwich. Pursuant to the contract between DRC and its wholesaler, the transportation cost is currently borne by the wholesaler. The wholesaler does not take back any unsold sandwiches. However, DRC can sell any unsold inventory at a discounted price of $3 after 5:00 PM every day. d) Now suppose that the contract between DRC and its wholesaler expires and pursuant to the new contract, if DRC orders more than 56 sandwiches (anything more than or equal to 57), the transportation cost is no longer borne by the wholesaler and DRC will have to pay $30 for transportation. If DRC orders less than or equal to 56, the transportation cost for DRC is still zero. What is DRC’s optimal order quantity for…The GIIC -Company must determine a policy for ordering coal to operate 15 smelters. Each smelter requires exactly 5 tons of coal per day to operate, and the firm operates 360 days per year. The purchasing manager has negotiated a contract to obtain the coal for 5 BD per ton for the coming year. The purchasing manager has determined that the ordering cost is 40 BD per order, and the cost of holding coal is 20% per ton of its value. i. Determine the optimal quantity of coal to receive in each order. ii. Determine the total inventory-related costs associated with the optimal ordering policy (do not include the cost ii. If five days' lead time is required to receive an order of coal, how much coal should be on hand when an iv. Optimal quantity 1837.11 Tons, Total cost 1837.11 BD, Inventory during LT 275 Tons of the coal). order is placed? i. Optimal quantity 1469.694 Tons, Total cost 1469.694 BD, Inventory during LT 375 Tons ii. Optimal quantity 734.85 Tons, Total cost 1649.694 BD,…
- A company has supplied the following data with respect to its three different types of fertilizers: FERTILIZER ANNUAL DEMAND AVERAGE INVENTORY COST PER SACK SACKS SACKS € 10-10-10 30000 5000 18 16-16-16 20000 3000 15 20-10-5 10000 2000 20 Calculate (assuming 50 sales weeks annually): a) the inventory turnover and weeks of supply for each fertilizer b) the average inventory turnover and average weeks of supplyThe TransCanada Lumber Company and Mill processes 10,000 logs annually, operating 250 days per year. Imme-diately upon receiving an order, the logging company’s supplier begins delivery to the lumber mill at the rate of 60 logs per day. The lumber mill has determined that the or-dering cost is $1600 per order, and the cost of carrying logs in inventory before they are processed is $15 per log on anannual basis. Determine the following:a. The optimal order sizeb. The total inventory cost associated with the optimalorder quantityc. The number of operating days between ordersd. The number of operating days required to receive anorderCryolab Inc makes and sells a lawn fertilizer called Hypergro. The company has developed standard costs for one bag of Hypergro as follows: Standard Quantity/Hours Standard Price/Rate Standard Cost per Bag Direct Material 25 pounds ₱ 0.75 ₱18.75 Direct Labor 0.25 hours ₱69.00 ₱17.30 Variable overhead 0.25 hours ₱24.00 ₱ 6.00 Total ₱42.05 The company had no beginning inventories of any kind on January 1. Variable overhead is applied to production on the basis of standard direct labor hours. During January, the following activity was recorded by the company: Production of Fastgro: 23,000 bags Direct materials purchased: 585,000 pounds at a cost of ₱436,250 Direct labor worked: 5,800 hours at a cost of ₱397,300 Variable overhead incurred: ₱140,650 Inventory of direct materials on January 31: 8,000 pounds Compute the variances and indicate whether it is FAVORABLE (F) or UNFAVORABLE (U) in your solution sheet. The raw…
- Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.30 a copy. You sell a copy of San Pedro Times for $1.10. Daily demand is distributed normally with mean = 265 and standard deviation = 53. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) Optimal order quantity b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) ProbabilityProblem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day’s paper for $0.50 a copy. You sell a copy of San Pedro Times for $1.25. Daily demand is distributed normally with mean = 335 and standard deviation = 67. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.)Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.45 a copy. You sell a copy of San Pedro Times for $1.40. Daily demand is distributed normally with mean = 340 and standard deviation = 68. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) 8 Answer is complete but not entirely correct. Optimal order quantity 0.05 b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) * Answer is complete but not entirely correct. Probability 3 X %