Operations Management
Operations Management
11th Edition
ISBN: 9780132921145
Author: Jay Heizer
Publisher: PEARSON
Question
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Chapter 13, Problem 19P

a)

Summary Introduction

To determine: The total cost of the plan.

Introduction: The aggregate plan is the output of sales and operations planning. The major concern of aggregate planning is the production time and quantity for the intermediate future. Aggregate planning would encompass a time prospect of approximately 3 to 18 months.

b)

Summary Introduction

To determine: The total cost of the plan.

Introduction: The aggregate plan is the output of sales and operations planning. The major concern of aggregate planning is the production time and quantity for the intermediate future. Aggregate planning would encompass a time prospect of approximately 3 to 18 months.

c)

Summary Introduction

To determine: The total cost of the plan, if the overtime increased to $1,400.

Introduction: The aggregate plan is the output of sales and operations planning. The major concern of aggregate planning is the production time and quantity for the intermediate future. Aggregate planning would encompass a time prospect of approximately 3 to 18 months.

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Question 3 List any five (5) costs prevalent in aggregate planning in the motor car industry.
QUESTION 10 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 maximin? Alternatives Large Inventory Small Inventory Probability OA) -$2,000 O B) $0 OC) $51,667 OD) $220,000 O E) -$5,000 Large Crowd $220,000 $90,000 .20 PROFIT ($) Average Crowd $50,000 $70,000 .50 Small Crowd -$2,000 -$5,000 .30
QUESTION 1 The enrollment of the new students at ABC University has increased steadily over the past few years. The university would like to plan the workforce for academicians for year six to year eight. The reyulalury buuy, Malaysian Acuredilaliun Ayency (MQA) has set the standard of the ratio between academicians and student to be 1:50. The data below show the number of students enrolled for the past five years. Year Demand 4500 5000 5200 1 2 3 4 5600 5800 The university's administration considers using simple regression analysis to forecast the number of students enrolled in the next three years. a) Use simple linear regression to forecast the annual number of students enroll for the next three years. b) Determine the correlation coefficient for the data and interpret its meaning. c) Determine the coefficient of determination for the data and interprot its moaning. d) Determine the number of academicians that can fulfill the MQA standard for year six.
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