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- What is CAPACITY REQUIREMENTS FORECASTING?The existing incentive system for Al Amir SAOG is as under: Normal working week: 5 days of 8 hours each plus 3 late shifts of 3 hours each. Rate of Payment: Day work: OMR 1.6 per hour Late shift: OMR 2.500 per hour Average output per operator for 49 hours week, i.e., including 3 late shifts = 120 units In order to increase the output and eliminate overtime, it was decided to switch on to a system of payment by results. Following information is obtained. Time rate as usual: OMR 1.600 Basic time allowed for 15 units: 5 hours Piece-work rate: Add 20% to basic piece rate Premium bonus: Add 50% to time. Required: Prepare a statement showing hours worked, weekly earnings, number of articles produced and labour cost per unit for one operator under the following wage systems; (a) Existing Time rate (b) Straight Piece Rate (c) Rowan System (d) Halsey Premium Plan Assume that 135 units are produced in a 40-hour week under straight piece work, Rowan premium system and Halsey Premium system…Explain capacity planning concepts with examples ?
- Design capacity and effective capacity, describe the difference with examplesThe next TWO questions refer to the following data. (This data may not be the same as in the ClearEyes Cataracts Clinic case.) Receptionist PSR Technician Staff Surgeon Cleaner Total annual minutes required per job title 29,450 353,268 212,882 119,944 51,820 Number workers by job title 1 4 3 1 1 Non-surgeons are available 115,200 minutes per year and surgeons are available 100,800 minutes per year. The average capacity utilization of the staff surgeon is: Group of answer choices 84.0 percent 91.5 percent 100.0 percent 104.1 percent 118.99 percentHow is safety capacity used?
- A manager must whether to buy machine A or B. Machine costs are as follows: A $52,000 each; B $100,000 each Product forecast and processing times on the machines are as follows Processing Time per unit (minutes) Product Annual Demand A B 1 8,000 2 18,000 3 10,000 Assume that only purchasing costs are being considered. Which machine would have the lowest purchase cost and how many of that machine would be need? Machines operate 8 hours a day 250 days per year. The machines differ in hourly operation costs. The A machines have an hourly operating cost of $12 each and B machines have an hourly operating cost of $30 each. What is the operating cost per year and which alternative should be selected to minimize total cost (for the first year) while satisfying the processing requirements? Edit Format Table 12pt v Paragraph v BIUA ev T?v||: MacBook Air esc 80 888 DII F1 F2 F3 F4 F5 F6 F7 FR @ # $ % 1 2 3 4 5 7 8. Q W E R T Y A S D F G < COExplanation of how the capacity analysis reacts to several processes running in simultaneously.OPERATIONS MANAGEMENT A retail shopping chain decided to improve its customer service, productivity and reduce its transportation costs by shifting its existing central warehouse to a new location. For this purpose, the company collected data of its existing three retail shops as shown in Table 1. Table-1 Sales Volume X and Y Coordinates Location (in Units) of the location Location - 1 36 (8, 4) Location – II 29 (4, 9) Location IlI 15 (5, 5) Question-1: Evaluate the data in Table - 1 to arrive at the coordinates of new central warehouse which is supposed to be optimum and improve the productivity of this retail chain Explain all the steps. A grocery shop based in UAE found that its inventory strategy of ordering the raw material is not appropriate. Due to this, the company's productivity has been consistently decreasing in the recent past and the production also stopped many times due to the non-availability of raw material and increased the stock-out costs and total inventory cost.…