A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour, on average, and each unit is worth $1,500, what is the reduction in working process value?
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A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour, on average, and each unit is worth $1,500, what is the reduction in working process value?
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- A chemical process involves adding various agents to a vat and then waiting for theagents to react to make a final compound. The vat holds up to 1000 gallons. Chemicalagents are added to the vat at a rate of 4.5 gallons per minute. Once the agents have beenadded to the vat, the reaction takes 85 minutes no matter the actual number of gallonsin the batch. After the batch is complete, the vat must be cleaned. Cleaning always takes15 minutes. What is the setup time of this process?a. 15 minutes c. 100 minutesb. 85 minutes d. 222.22 minutesPlease do not give solution in image formate thanku. Avis Company is a car rental company that is located three miles from the Los Angeles airport (LAX). Avis is dispatching a bus from its offices to the airport every 3 minutes. The average traveling time (round-trip) is 10 minutes. a.How many Avis buses are traveling to and from the airport? (Do not round intermediate calculations. Round your answer to 1 decimal place.)A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and the parameters of each process are as follows: Process 1 Process 2 Production Rate 35 parts per hour 15 parts per hour Daily production time 4 hours per day 7 hours per day Percent of Parts Rejected 20% 9% Assume that the daily demand for hubs allows all defect-free items to be sold. Additionally, defective hubs cannot be sold and their material cannot be recovered anymore. Find the process that minimizes the total cost per piece if each part is made from $4 worth of material. Both processes are fully automated, and the variable overhead cost is charges at $40 per hour.
- What is the highest possible yield a process can obtain?a. 95 percentb. 100 percentc. 200 percentd. It depends on the processA large city in the mid-West needs to acquire a street-cleaning machine to keep its roads looking nice year-round. A used cleaning vehicle will cost $85,000 and have a $20,000 market (salvage) value at the end of its five-year life. A new system with advanced features will cost $150,000 and have a $40,000 market value at the end of its five-year life. The new system is expected to reduce labor hours compared with the used system. Current street-cleaning activity requires the used system to operate 8 hours per day for 20 days per month. Labor costs $50 per hour (including fringe benefits), and MARR is 12% per year.]A machine makes two components; call them types A and B. It takes 250 seconds to switch production between the component types. During that time, no production occurs. When in production, each unit of A or B requires 0.5 second to be completed. The two components, A and B, are combined in an assembly process to make a final product; call it C. The assembly step can combine the two components into 1 unit every 2 seconds, or 30 units per minute. Assume there is ample demand. If the production schedule could be adjusted with the goal of minimizing inventory in the process, how many units of A should be produced before switching to component B? In other words, calculate the optimal batch size for component A. Assume the same number of units of B would be produced as well. answer:_______units
- In case of a production company which produces 3 different products (RE1, RE2, RE3), we know the following information: Measuring Unit RE1 RE2 RE3 Quantity unit 3,000,000 4,000,000 5,000,000 Sales Price Euro/unit 2,500 3,000 3,500 Production Cost Euro/unit 1,500 1,500 1,500 Consumption Factor kg/unit 0.02 0.04 0.01 Tasks: a) Has a company scarce resource if the company has only 250 tons raw material? b) Calculate the optimal composition of products! c) Determine the estimated total sales!A machine makes two components; call them types A and B. It takes 250 seconds to switch production between the component types. During that time, no production occurs. When in production, each unit of A or B requires 0.5 second to be completed. The two components, A and B, are combined in an assembly process to make a final product; call it C. The assembly step can combine the two components into 1 unit every 2 seconds, or 30 units per minute. Assume there is ample demand. Suppose the machine rotates between one batch of 1,000 untis of A and 1,000 units of B. In that case, what is the capacity of the machine in component pairs per minute, where a component pair is one unit of A and one unit of B? answer: __________ component pair per minuteA machine makes two components; call them types A and B. It takes 250 seconds to switch production between the component types. During that time, no production occurs. When in production, each unit of A or B requires 0.5 second to be completed. The two components, A and B, are combined in an assembly process to make a final product; call it C. The assembly step can combine the two components into 1 unit every 2 seconds, or 30 units per minute. Assume there is ample demand. Suppose the machine rotates between one batch of 1,000 unties of A and 1,000 units of B. What is the utilization of the machine? answer: _____percent