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- List several alternatives for adjusting capacity. List severalalternatives for managing demand8b) 7,000 drivers from Barrie drive southbound 5 days a week to see a billboard ad on Highway 400 (You cannot see the billboard going north). If we assume there are 200,000 total people in Barrie, what would the GRP per week for the billboard be for the target market of "the entire city of Barrie"?A department works on 8 hours shift, 288 days a year and has the usage data of a machine, as given below: Processing time (Standard time in hours) Annual Demand Product (units) A 325 5 B 450 4 550 6 Calculate: (a) Processing time needed in hours to produce products A, B and C (b) Annual production capacity of one machine in standard hours (c) Number of machines required
- Imagine you are in charge of making the decision to lease orbuy a fleet of trucks for the moving company for which youwork. What factors would influence your decision and why?601 Ana Chavarria, front office manager at The Times Hotel, has completed a revenue management semi- nar at Keystone University and is preparing an argu- ment in favor of adopting this concept at The Times Hotel to present to Margaret Chu, the general man- ager. She begins by compiling a history of room occupancy and ADRS, which she hopes will reveal areas in which revenue management could help. She prepares an electronic spreadsheet that lists rooms sold with corresponding room rates and correlates the data to tourism activities in the area. Ana sends an analysis of revenue realized and revenue potential to Ms. Chu for review prior to their discussion After reviewing the analysis, Ms. Chu concludes, "This is just another scam; the industry is slow to adopt this," and disregards the entire report. She knows that occupancy percentage, ADR, and RevPAR are all you need to be efficient today, so why change? Ana passes Ms. Chu in the lobby, and Ms. Chu indicates her distrust of the revenue…I need correct and non plagiarised answer. I will rate accordingly. What is the difference between Quantity Production and Flow Line Production?
- Revenue Management / Yield Management is used when the following conditions exist: Uncertainty in demand and customer behavior (no-show, cancellation) + non-perishable goods Uncertainty in demand and customer behavior + backordering allowed Fixed Capacity + Perishable Inventory (hence, opportunity cost) + Advanced Booking (or sales) None of the aboveCurrent total inventory level of a company (Ip) is 5,000 units, which are held at 4 different facilities (nE). Next year, the company plans to open 5 new facilities. Provide an estimate on the total future inventory level (IF) for the company. 27 11,250 units 4,472 units 7,500 units 8,944 units 5,590 unitsCharles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 5555% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only production change that will be made in order to meet the increased demand. The bakery currently makes 1,800 loaves per month. Employees are paid $8 per hour. In addition to the labor cost, Charles also has a constant utility cost per month of $800 and a per loaf ingredient cost of $0.35 Current multifactor productivity for 640 work hours per month =0.27loaves/dollar (round your response to three decimal places).
- Jefferson Company’s demand for its only product exceeds its manufacturing capacity. The company provided the following information for the machine whose limited capacity is prohibiting the company from producing and selling additional units. Actual run time this week 6,106 minutes Machine time available per week 8,600 minutes Actual run rate this week 4.32 units per minute Ideal run rate 6.00 units per minute Defect-free output this week 11,315 units Total output this week (including defects) 15,500 units 1. Compute the utilization rate.2. Compute the efficiency rate. 3. Compute the quality rate. 4. Compute the overall equipment effectiveness (OEE).Tuff-Rider, Inc., manufactures touring bikes and mountain bikes in a variety of frame sizes, colors, and component combinations. Identical bicycles are produced in lots of 110. The projected demand, lot size, and time standards are shown in the following table: i Item Demand forecast Lot size Standard processing time Standard setup time Touring 4,000 units/year 130 units 0.20 hour/unit 2 hours/lot Mountain 10,000 units/year 110 units 0.50 hour/unit 3 hours/lot The shop currently works 8 hours a day, 5 days a week, 48 weeks a year. It operates five workstations, each producing one bicycle in the time shown in the table. The shop maintains a 15 percent capacity cushion. How many workstations will be required next year to meet expected demand without using overtime and without decreasing the firm's current capacity cushion? The number of workstations required next year is. (Enter your response rounded up to the next whole number.)As a logistics specialist, you are responsible for meeting customer demand. One of your customers places orders for you to supply four products by the end of October. You have limited capacity for raw material and other facilities. You are required to satisfy customer demand by manufacturing the products and/or buying from a supplier. After consulting with the production department, you obtained the following information. Product A Product B Product C Product D Order quantity 2000 3500 1500 2500 Hours required on machine X per unit 2 4 5 3 Hours required on machine Y per unit 4 3 6 2 Raw material in kilos 5 1 4 6 Time needed for Packaging per unit 36 minutes 30 minutes 45 minutes 24 minutes Available monthly hours per month: 8,000 on machine X, 6000 on machine Y, and 3,000 hours for packaging. Purchased items from your supplier are already packaged. Available raw material per month: 5,000 kilos…