Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Suppose that when an industrial machine ist years old, it generates revenue at the rate of R'(t) =6025-8t² rupees per year and result in cost the accumulate at the rate of C'(t)=4681+13t² rupees per year.
1. How many years is the use of machine profitable?
2. What are the net earnings generated by the machine during its period of profitability?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- A process requires a 20 second setup for each batch. When producing, the process can produce one unit every 12 seconds. Demand for the product is 7 units per minute. With a batch size of 20 units, what is the process utilization? Note: Do not round your intermediate calculations. Round your answer to 2 decimal placesarrow_forward32 - A hamburger factory produces 60,000 hamburgers each week. The equipment used costs $10,000 and will remain productive for four years. The labor cost per year is $13,500. What is the productivity measure of “units of output per dollar of input” averaged over the four-year period? 154 hamburgers/dollar 195 hamburgers/dollar 338 hamburgers/dollar 236 hamburgers/dollararrow_forwardAn apartment complex has a vacancy rate of 5%. If the apartment's PG is $450,000, what is the apartment's vacancy cost? $32,000 $22.500 S2.050 $47,500arrow_forward
- Describe a good or service where you have worked or with which you are familiar where a breakeven analysis would be useful.arrow_forwardAny company's main purpose is to benefit stakeholders and competitors. d. service 4. In a manufacturing company, the supply chain is a crucial value chain that does all of the following except: Finance and accounting, marketing and sales, inbound logistics, and customer service 5. Value-added business processes. Reengineering, process redesign, disruptive change d. Continuous improvement innovates by progressively improving.arrow_forward14. If Product Z costs $1000 and Product Y costs $1500 Benefits 2300 units. Benefits 4000 units A.Calculate the perceived value that the customer will get from product Z and Y. (show the formula and the calculation) B.Which one will the customer probably buy ? explain . * Enter your answerarrow_forward
- 4GE 10:01 A company has production costs of item and can produce 270 $15 per items for a total cost of $6,925. The company brings in a total of $3,995 in revenue from selling 85 of these items. Determine each of the following functions. Enter all answers below in slope-intercept form, using exact numbers. a. Find the company's linear revenue function. R(x) b. Find the company's linear profit function. P(x) Submit answerarrow_forwardThe annual sales of Crimson Pharmacy are expected to be given by S = 2.5 + 0.4t million dollars t years from now, whereas the annual sales of Cambridge Pharmacy are expected to be given by S = 1.2 + 0.8t million dollars t years from now. When will Cambridge's annual sales first surpass Crimson's annual sales?arrow_forwardA company is about to begin production of a new product. The manager of a department that is asked to produce one of the components wants to know if there is enough machine time available. The machine will produce the item at a rate of 220 units a day. Eighty-five units will be used daily in assembling the final product. The company operates five days a week, 50 weeks a year. The manager estimates that it will take almost a full day to get the machine ready for a production run, at a cost of $250. Inventory holding cost will be $8 per unit per year. a. What production run quantity should be used to minimize total annual setup and holding cost? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) Production run quantity = units b. What is the length of a production run (in days)? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Run length = days c. During production, at what rate will inventory build…arrow_forward
- Which of these would be considered an intangible asset of a business? a chair inventory a tractor a patentarrow_forward1 Please ans all questions No plagiarised answerarrow_forwardFind the missing information for different companies Output (units) Fixed Costs Variable Costs Total Costs Cost per unit Company A 4000 70000 50000 ? ? Company B 5000 80000 ? 140000 ? Company C 8000 30000 130000 ? ? Company D ? ? 80000 100000 20arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.