Question 6 QUESTION 5Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 100 units per hour. In themonth of July, the company operated the production line for a total of 175 hours and produced 16,900 units of output.a. What was its capacity utilization rate for the month?b. Now the production shop will produce a new product and need to order the new part. Demand for an item is 1,000 units per year. Each order placedcosts $10; the annual cost to carry items in inventory is $2 each. In what quantities should the item be ordered?Selected Answer: OPM FINAL QUESTION 5.xlsxAttach FileBrowse Local FilesQUESTION 6Browse Content CollectionAttach FileRemoveBob's Department Store would like to develop an inventory ordering policy with a 95 percent probability of not stocking out. To illustrate yourrecommended procedure, use as an example the ordering policy for white percale sheets. Demand for white percale sheets is 4,000 per year. The storeis open 365 days per year. Every two weeks (14 days) inventory is counted and a new order is placed. It takes 10 days for the sheets to be delivered.Standard deviation of demand for the sheets is 4 per day. There are currently 150 sheets on-hand.How many sheets should you order?Selected Answer: OPM FINAL Q #6.xlsxBrowse DropboxRemove

Order interval(T) = 14 days Lead time (L) = 10 days Annual demand (D) = 4000 sheets per year Number…

Answered: QUESTION 6 Bob's Department Store would…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question 1: A piece of equipment used in a business has a basis of $25,000 and is expected to have salvage value $5,000 at the end of it's 5 years of useful life. Find its annual depreciation rate and tabulate the annual depreciation amounts and book value of the equipment at the end of each year. Nears
Question 5 5.1 Suppose an economy's production function is Y = AK“L'«. If the annual rate of economic growth is 4.5 per cent and labour and capital are both growing annually by 3 per cent and 4 percent respectively, what contribution to growth is made by total factor productivity? You can assume that labour receives 65 per cent of the total income generated in this economy. 5.2 Does this mean that labour contributes 65 per cent of the increased output? Explain.
QUESTION TWO Glams Touch is a budding cosmetics family business in Sekondi. The owners, Baaba Benson and Bernard Benson, must ensure that they judiciously use the store space available. They have never kept detailed inventory or sales records. They immediately place new items on the shelves as soon as shipment of goods arrives. Invoices from suppliers are only kept for tax purposes. During sales, they record the items numbers and the total amount received at the cash register. The owners use their own judgment in identifying items that need to be reordered. Baaba and Bernard rely on their own judgment in deciding the cosmetics that need to be restocked. Analyse the business implication of this situation. In your view, how could information systems be utilized to assist the Bensons manage Glams Touch. Enumerate some data that should be captured by the systems and what information outputs are to be churned out from the system.
QUESTION THREE (3) SOKOI Group has been involved in the production and distribution of shoes and an assortment of leather products for over 25 years. SOKOI Group has recently decided to diversify its business portfolio and have invested about $2million dollars in the establishment of a modern hospital and health centre known as the SOKOI Medical Centre. As the Business Development consultant of this new hospital, explain to the management of SOKOI Group four (4) ways in which the shoes business differs from the hospital and healthcare business. Describe four (4) unique strategies you shall adopt in ensuring the operational success of SOKOI Medical Centre.
Question 2 Suppose that 800 square meters of denim is found to be damaged and cannot be used. What is the impact on total profits? Profit will decrease Profit will increase Profit will not change It is uncertain how profit will change
Question 5 AIT computer department purchases a new computer every two years with preferences for three models; T1, T2 and T3. If the present model is T1, the next computer may be T2 with probability 0.2 or T3 with probability 0.15. If the present model is T2, the probabilities of switching to T1 and T3 are 0.6 and 0.25 respectively. And if present model is T3 then, the probabilities of switching to T1 and T2 are 0.5 and 0.1 respectively. Represent the situation as a Markov chain.
1
QUESTION 12 21 What effect of changing C3 from 6 to 4.82 on the final value of objective function? Knownig that 4< C3
Question#3 In JUnit the principle of “Hollywood Principle: Don’t call us, we’ll call you” is commonly known as _____________ a) Calling Principle b) Control Call c) Inversion of Control d) No-Show Principle
QUESTION 12 (Using the same problem) A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the answer using the criterion of minimax regret? Alternatives Large Inventory Small Inventory Probability O A) -$2,000 O B) $130,000 O C) $0 O D) $20,000 O E) $153,400 Large Crowd $220,000 $90,000 .20 PROFIT ($) Average Crowd $50,000 $70,000 .50 Small Crowd -$2,000 -$5,000 .30
Question B1: Simply Storage is a large storage business operating in several major cities in the UK. It runs the firm as a franchise. The parent company uses a centralised organisational structure. All franchises have to use exactly the same procedures. Each franchise is run by self-employed owners/managers who provide the warehouse space, either by owning it or renting it. The owners of each franchise are also responsible for developing their individual businesses and increasing turnover. The most successful franchise owners have built up very profitable businesses over the years. Simply Storage does not give any incentives to its warehouse staff. They are paid an hourly rate and there is never any overtime. The opportunities for promotion are very limited as on average a franchise only employs four staff. There is high staff turnover as many staff stay a few months then move on. a) Explain two ways in which the centralised organisational procedures might affect the way in…
Question 54 It is possible for companies to use some combination of push and pull strategy. O True O False

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