Explain why multiple replications are needed when performing simulation analysis (Lean Manufacturing)
Q: You should choose vendor ▼ Donna Inc. Either Kay Corp. or Donna Inc. Kay Corp. , with a weighted…
A: Given, K means Kay corp and D means Donna Each attribute is given with its weight for each table.…
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A: These are 3 separate questions, so only first one can be answered. Baseline Gantt chart: Gantt…
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A: Given- Sawing capacities in units/hr = 0.1Sanding capacities in units/hr = 2Welding capacities in…
Q: How does operation management affects the profitability of a business?
A: ANSWER : Operations management (OM) is the administration of business practices to make the highest…
Q: Plesae give me detail calculation to understand
A: Formulae used: Euclidean distances between two points:(X1,Y1)and (X2,Y2) d= (X1-X2)2+ (Y1-Y2)2…
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A: Given data is Lead time (L) = 6 weeks Lead time standard deviation(sigma L) = 2 weeks Demand(D) =…
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A: Enterprises and stakeholders are paying more attention to social responsibility in supply chain…
Q: cing b. backward integration c. vertical integration d. forward integration
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A: Also, the demand for 550 units of component 1 must be satisfied. Convert available hours in minutes…
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A: Given Cost : Stockout cost = $160 per unit Holding cost = $40 per unit Hiring cost = $35 per unit…
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A: Number of Sample (N) = 10 Sample Size (n) = 22 items Total Defects = 10
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A: Task-oriented leadership is a directed management approach that specifies tasks and goals.…
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A: Given-
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A: Given: USL =1.751 gm LSL=1.631 gm Mean = 1.7 gm S.D = 0.023 gm
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Q: How does operation management affects the profitability of a business?
A: Operation management is performed in each manufacturing organization. It all deals with the…
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A: Scheduling is the process of arranging production activities in order to complete the manufacturing…
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Explain why multiple replications are needed when performing simulation analysis (Lean Manufacturing)
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- Describe how a continuous simulation model can benefit the business strategy decisions for your chosen business (Retail store)What happens to availability when the MTTR (mean time between failures) decreases to zero? Is there a way to convey this circumstance correctly?29) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. In order to calculate the EOQ, the XYZ company utilizes the __________ model. Group of answer choices a) Basic EOQ b) Production Quantity c) Optimal Production
- How does EVM operationalize or put into practice the management of trade-offs implied by the triple constraint discussed since the beginning of the course? Does it allow a balanced appraisal of all three parameters? Why or why not?3-44 CVP analysis. The Germa company produces two products, Spick and Span, on one machine. Spick and Span cannot be made simultaneously. There is no time required to adjust the machine when switching from one product to the other. One unit of Spick requires 2 machine hours to produce, whereas one unit of Span requires 4 hours. The normal occupation of the machine is 6,000 hours per year. The fixed costs of the machine are $120,000 annually. One unit of Spick needs 2 kg of material A, whereas one unit of Span requires 3 kg. The budgeted price for 1 kg of material A is $4. The sales costs consist only of fixed costs, which are budgeted at $40,000 a year. The allocated fixed sales costs per product are $20. 1. Calculate the cost per product for Spick and Span. The selling price for Spick is $70 and for Span it is $120. 2. Calculate the breakeven revenue when 50% of the units sold are Spick and 50% are Span. 3. When material shortage causes a bottleneck, which product should be produced…"Standard tickets for Beyonce’s Renaissance tour went on sale in the UK for a price of£56 in February 2023. Many fans complained about receiving constant errormessages and being stuck in long on-line queues of more than 500,000 people. Inresponse to these negative comments a spokesperson for Ticketmaster, thecompany in charge of selling the tickets, stated that: ‘There was never going to be enough tickets to meet demand’"What are the potential implications of the statement by the Ticketmaster spokesperson that "there was never going to be enough tickets to meet demand" for the allocation of resources and the efficiency of the market? (Include diagram)
- Services differ from goods in that I. A service is a tangible process II. A service is an intangible process III. Services can be stored IV. Services cannot be stored V. Services are perishable and time-dependent Option IV and V Option II and IV Option II, IV, and V Option I and IIIHow could a TPM program be useful in avoiding the kinds of malfunctions or breakdowns that might occur and what actions can be taken to prevent the malfunctions or breakdowns that might occur?Which of the following is true with regard to push and pull systems? Push systems are systems in which services or products are produced based on forecasts. In pull systems, the product or service is produced because its production is mandated by a central planning organization In pull systems, the product or service is regulated by a government agency In push systems, inventory is completely eliminated