MZ Entertainment has been using this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inventory requirements: Inventories = P25M + 0.125(Sales). The company expects sales of P355 million during the current year, and it expects sales to grow by 20% next year. What is the inventory forecast for next year?
Q: Which category of ethical dilemma the above situation represents? a. Employee safety issue b. Human…
A: Ethical issues occur when a certain decision /scenario / deed builds a conflict with a society’s…
Q: Differentiate supply chain management to demand chain management. Explain thoroughly.
A: Supply chain management (SCM) is the one of the utmost important purposes of business that emphasis…
Q: 2. a. The following table contains figures on the monthly volume and unit costs for a random sample…
A: Given data is
Q: What is quality control? Why is there a need for quality control Enumerate the different elements…
A: Quality is a significant factor with regard to any product & service. With the high business…
Q: i. The cost of carrying inventory as a percentage of inventory ii. The carrying cost as a…
A: The EOQ formula can be modified to determine different production levels or order intervals, and…
Q: 1. Solve the following Linear Programming Problem(LPP) using Simplex Method max Z = 5x, + 4x2…
A: In mathematical optimization, the simplex method is indeed a well-known linear programming approach.…
Q: Given the following MRP matrix for Item D, Complete the MRP matrix below tU identify the projected…
A: given,
Q: What are the various uses for break-even analysis?
A: Production is the process of converting raw material and input into finished products and services…
Q: Explain why a product or system might have an overall reliability that is low even though it is com-…
A: Reliability refers to the ability of a system to perform the desired functions in a given situation.
Q: What is the average number of phones the company has in store? 2. How long does a customer on…
A: given, company currently =80phones on average 25 customers requesting a phone
Q: Explain how to determine the number of variables and constraints in a transportation problem when…
A: Transportation problem is a special kind of linear programming problem in which goods are…
Q: Consuelo Chua, Inc. is a disk drive manufacturer in need of an aggregate plan for July through…
A: given,
Q: The Demand for the 50 Kg Maize meal bag at Shoprite is 4000 units per month, Shoprite incurs a fixed…
A:
Q: Each day, northern, central, and southern California use 120, 140, and 160 billion gallons of water…
A: Water is comprised of hydrogen and oxygen, and it exists in vaporous, fluid, and strong states.…
Q: There are three stores, every day Steve will buy something from one of the stores. If yesterday…
A: A Markov chain here with the stated being the store that is being visited. Based on each of the…
Q: Lovely Apparel must decide how many sets of assorted summer wear to order for its three stores.…
A: given,
Q: Briefly explain the secondary data that used to provide the information in the research study.…
A: Data used to analyze and interpret in the research is classified in to two. Primary data and…
Q: Pertaining to the time-between-events control chart, which statement is INcorrect? Select one: O a.…
A: A control chart can be defined as a graph that is used to study how a process changes over time.…
Q: a) What is the product cost plus holding cost per unit from Asia? The product cost plus holding…
A: The three parts have been answered as follows:
Q: QI: Draw the arrow diagram for the following activities and show the critical path activity duration…
A: ES -Early start time LS - Late start time EF - Early finish time LF - Late finish time ES =…
Q: A foundry produces circulaar utility access hatches (manhole covers) currently 400 covers are…
A: Productivity is a ratio of output volume bt the volume of inputs. It helps in estimating the…
Q: Provide a detailed discussion on the impact of time-based strategies in obtaining efficient supply…
A: In the corporate environment of the firm, although the business has realized the status of…
Q: Although it is now barely profitable, Mr. Osei Nyame Bekyere is concerned about the changes in the…
A: given, Mr. Osei Nyame Bekyere has run other small businesses and he is known as a benevolent owner,…
Q: Explain the ultimate goal of a lean system and what are its supporting goals
A: To be determined: The ultimate goal of a lean system and what are its supporting goals Lean…
Q: Medical Ltd., an Israeli producer of portable kidney dialysis units and other medical products,…
A:
Q: 3 A product is produced at three plants and shipped to three warehouses (the transportation costs…
A: given,
Q: facilities of the restaurants
A: Facilities management is a crucial aspect to attract customers and maintain a high level of…
Q: automobile industry
A: The companies operating in the automobile industry are extensively involved in manufacturing,…
Q: 19. Determine the availability for each of these cases: a. MTBF = 40 days, average repair time = 3…
A: The mean time between failure is the average time or prediction time bwteen the machine
Q: Provide 3 examples of unethical behaviour involving lean operations and what are the relevant…
A: To be determined: 3 examples of unethical behavior involving lean operations and what are the…
Q: 1. Differentiate Selling concept and Marketing concept. 2. Differentiate Production concept and…
A: The transaction model and maintenance strategy in operation management are important for organized…
Q: What is the risk analysis for a Restaurant (culture restaurant)?
A: The term risk can be understood as an occurrence of undesirable outcome. Risk is a negative outcome…
Q: Grave City is considering the relocation of several police substations to obtain better enforcement…
A: a)
Q: 1-2. Duo Corporation operates its factory 300 days per year. Its annual consumption of Material Y is…
A: Economic order quantity is a ordering technique which identify the optimal cost for ordering and…
Q: hat is the future setup of supply chain management. explain thoroughly
A: Supply chain is distinct as a process which regulator the flow of the procedure from 1 end to…
Q: Store manager Rosalía has noted that the daily demand for the exclusive Motomami candles produced…
A: The cycle time is the time period that is taken to complete a particular time from its beginning…
Q: Problem 2 The AB manufacturing company has two kinds of products: A and B. They earn $180 profit for…
A: Note that, we could not generate a sensitivity report by hand and without a sensitivity report…
Q: 3D printing facilitate mass customization
A: When we talk about mass-customization, Additive Manufacturing offers interesting economic…
Q: As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material…
A: GIVEN,
Q: In what ways does the nominal group technique differ from the Delphi technique for generating new…
A: The Delphi Technique uses a questionnaire to gather knowledge and feedback from a committee of…
Q: TRANSPORTATION Deluxe River Cruises operates a fleet of river vessels. The fleet has two types of…
A:
Q: For the following data, construct a fraction defective chart by using 3 sigma. Is the process under…
A: P chart is a model of control chart which helps to identify the process controllability with a…
Q: What are the advantages of conducting a security risk assessment?
A: An essential segment of cyber security practices has the safety risk assessment of shielding our…
Q: What is the cost of direct shipping for Illinois, when small trucks are used?
A: The purpose of this example is to teach students about the importance of aggregation in…
Q: Mention some of the important advantages and disadvantages of the small scale production?
A: Small scale production relates to the production of goods with a little or minimum plant size…
Q: Find the lowest Cost of the tausPort Problemby the Vojel method Min Z =2 XII +3 X12+ 4 X13+X21 +5X22…
A:
Q: If the total sales in the first quarters of a year be Rs. 25000 and the sales are expected to rise…
A: It is given that the sales is expected to rise by 5 percent in every quarter, therefore expected…
Q: A company has three factories. Each factory produces three different products (A, B and C). Factory…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Q7. If a 90% service level is expected, what level of safety stock should be held for the demand…
A: Here, the question has been asked to determine the safety stock level, to determine the safety…
Q: Could it be that lean management misses certain aspects of organizational effectiveness? If this is…
A: Lean management entails identifying and eliminating waste from work processes. Employees are usually…
Q.24
MZ Entertainment has been using this equation, which was developed by regressing inventories on sales over the past 5 years, to
Trending now
This is a popular solution!
Step by step
Solved in 3 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. 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.Q2: A company has seasonal demand, with the forecast for the next 12 months as given below. The current labor force can produce 500 units per month. Each employee can produce 20 units per month, and is paid $2,000 per month. The inventory carrying cost is $50 per unit per period. It costs $100 to hire or layoff an employee. Assume 200 units of initial inventory and we would like to keep the similar level at the end of the year. Month 1 3 4 7 8 9 10 11 12 Demand 660 700 840 700 660 500 600 840 80 900 700 600 Please use level and chase strategy to calculate the total cost of two plans (please show your work).
- Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its production lines. Here is demand over the past 12 quarters: LAST THIS YEAR TWO YEARS AGO UNITS YEAR UNITS UNITS 4,785 3,495 2,696 3,475 3,210 2,078 2,705 1,695 I I I II 3,475 4,195 II II III III III IV 2,995 IV 2,375 IV Use the decomposition technique to forecast demand for the next four quarters. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Period Forecast (Units I II III IVZeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its production lines. Here is demand over the past 12 quarters: TWO LAST THIS YEARS AGO UNITS YEAR UNITS YEAR UNITS 4,805 3,505 4,305 3,005 3,505 2,705 3,490 2,405 3,195 2,105 2,705 1,705 II II II II IV IV IV Use the decomposition technique to forecast demand for the next four quarters. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Period Forecast (Units) II II IV · = = >
- Zeus Computer Chips, Inc., used to have major contracts to produce the Centrino-type chips. The market has been declining during the past three years because of the dual-core chips, which it cannot produce, so Zeus has the unpleasant task of forecasting next year. The task is unpleasant because the firm has not been able to find replacement chips for its production lines. Here is demand over the past 12 quarters: TWO YEARS AGO UNITS 4,815 3.515 4,315 3,015 I || III IV || III IV Period I LAST YEAR I III IV UNITS Forecast (Units) 3,510 2,715 3,515 2,415 THIS YEAR I || III IV Use the decomposition technique to forecast demand for the next four quarters. (Do not round intermediate calculations. Round your answers to 2 decimal places.) UNITS 3,215 2,116 2,695 1,695Table 1. Demand of Hairdryer from January to July [Jadual 1. Permintaan Pengering Rambut dari Januari 2021 hingga Julai 2021] Month Demand January February 2800 2870 March 2968 April Мay 3000 3100 Jun 3150 July 3400 a) Calculate forecast future demand for May, June, July and August by using 3 months simple moving average.[hitung ramalan permintaan masa depan untuk bulan Mei, Jun, Julai dan Ogos dengan menggunakan purata bergerak sederhana 3 bulan.] *Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,120 February 4,220 March 3,920 April 4,320 May 4,920 June 4,620 July 5,220 August 4,820 September 5,320 October 5,620 November 6,220 December 5,920 a. Using linear regression analysis, what would you estimate demand to be for each month next year? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round…
- Over the past 12 months, Super Toy Mart has experienced a demand variance of 10,250 units and has produced an order variance of 12,050 units. Part 2 a) The bullwhip measure for Super Toy Mart is ______ (round your response to two decimal places). Part 3 b) If Super Toy Mart had made a perfect forecast of demand over the past 12 months and had decided to order 1/12 of that annual demand each month, the bullwhip measure would have been ______ (round your response to the nearest whole number.)A method of estimating future demand usedfor decision making in order to set reasonable targets and control orlimit uncertainties or risks.In past 4 weeks, AOC (Arab oil company) started producing and distributing national engine oil to substitute French Total and Esso brands. Production reported to be in thousands: 2, 4, 3, 5 TG Thousand Gallons). AOC production will be calculated after 5 more weeks.