Dermaplus Analysis

In order to maximize the total profit, the monthly production plan should be 1900 unit/month for Model S and 650 unit/month

1. a. The simulation indicates that 584 is the optimum stocking quantity. Daily profit at this stocking quantity is $331.4346.

2. At a steady state we'd be able to produce 6 (process capacity) x 4 (hours) = 24 dozen per night. At a starting state, assuming that 1st dozen takes 26 minutes, and we move into a steady state of production, we

Dermatofibromas (also known as Fibrous histiocytoma and Fibroma simplex, Nodular subepidermal fibrosis, Sclerosing hemangioma), are common noncancerous (benign) small skin growths. Dermatofibromas are typically detected on the arms and legs. Other common areas are located on breast, face and hands. This growth is usually a benign, single structure that resembles a nipple. Its appearance can be discolored and contains hard, scar-like tissue. A minor injury such as an insect bite, puncture or most recently discovered arsenic, can result in the formation of a dermatofibroma. These growths or nodes only can be found on humans and have not been reported or found other animals. It is estimated that only 1:10 women

#1 With no change in volume (utilization), is the clinic projected to make a profit?

The budget analysis shows that the labor hours of the firm are higher than the budgeted amount. As such, the firm needs to evaluate the cost benefit analysis of making or buying their products. To make this decision, various factors need to be considered. Before making the decision, Peyton needs to evaluate the marginal costs and revenue of making versus buying the products. The firm should take the option which provides the highest marginal profit which is the

The maximin decision rule, is a basic comparison of two minimum outcomes (Douglas, 2012). Under this rule the highest or best out of the worst outcomes would be the right choice. In light of this fact, Business 2 would be chosen under this rule. Making $5,000 in profit is a better

The point of profit maximization for the firm in the given scenario occurs at a quantity of 8 units. At this point they have maximized their profit and as you can see to go beyond this point would cause the firm to incur economic losses.

In our analysis we determined the equations for total cost and marginal cost using the average cost obtained from the regression model provided, and the fixed costs estimates in the collected data calculated by a previous resource endorsed by the company. Once we have determined the marginal cost equation, we calculated the output for perfect competition profit maximizing criteria P

In comparison, the marginal cost is the added cost of producing one more unit of output. It is determined by the change in total cost (TC) divided by the change in output (Q). MC= TC/Q. In the provided scenario, for Company A to produce one widget TC=$30, to produce two widgets TC=$50 thus the marginal cost was $20; furthermore the cost per widget to produce was $25. Marginal cost will continue to decrease for Company A until they reach their profit maximization of $42.86 per widget at 7 widgets. Marginal cost will then begin to decrease for every additional widget produced until the end result of 15 widgets with a MC that exceeds $80, also allowing TC to topple to TR ($1220/15=$81.33).

Inflammation and trauma generated by acne often leaves scars behind. Picking and popping the lesion only pushes bacteria and fatty acids back into the skin and is a sure way to create a scar.

5. How would you go about deciding the appropriate batch size for the Stonehaven factory? What factors would you consider? How do they interrelate? (You may wish to do some calculations, but concentrate on thinking conceptually.)

It was important to consider all possible scenarios while considering a decision. In one of the cases we did not consider the possibility of other products coming in the rough area of our product. We predicted a stock out and raised prices. However, there was no stock out and we had left over inventory. Though the decision was not bad, however the fact that we did not consider all possible scenarios made the decision bad.

3. What weekly production plan for standard and light weight compressors would result in the highest financial return for Catawba?

Thus, there is no actual guarantee or scenario where George would earn exactly $26,574; it is simply the weighted average of profits and their likelihoods, if he had to make this decision a large number of times. Furthermore, the EMV for ‘Order 10,000 shirts’ was $26,574; this was quite close to the EMV for ‘Order 7500 shirts’, which was $24,181. Added to this, the payoffs for George from choosing the different alternatives vary, and there are possibilities for George making a loss. EMV is not a very accurate measure for George in this scenario and hence, a thorough risk analysis was conducted.