|Midterm Example Test v2 | | 1. A manufacturing firm is considering three alternatives for automation. They anticipate annual production volume to be 75,000 units. The costs for each alternative are as shown: | |Alternative | | |1 |2 |3 | |Annual Fixed Costs |60,000 |$180,000 |$300,000 | |Variable Cost/Unit |$0.65 |$0.55 |$0.40 | | | | | | |a. |What sales price must be charged for Alternative 1 to break even? | |b. |What sales price must be charged for …show more content…
|Efficiency = Σt/(N × CT) = 3.81/(7 × .742) = 3.81/5.194 = .73353 = 73.353% | | | | | | | | | | 5. William Green, vice president of manufacturing for Computer Products Corporation (CPC), and his staff are studying three Midwestern alternative locations for a new production facility for producing high-resolution scanners. His staff analysts predict that the scanners will be a growing market over the next ten years, and the analysis group shares marketing's enthusiasm for planning facilities for producing this new product line. The analysts have developed these estimates for the three locations: | |Annual Fixed Costs |Variable Cost | |Location Alternative |(Millions of |per Scanner | | |Dollars) | | |Cleveland, Ohio |$3.9 |$3,400 | |South Bend, Indiana | 3.6 | 3,700 | |Grand Rapids, Michigan | 3.1 | 4,000 | | | | | The marketing department at CPC estimates sales for the scanners will be 1,000 scanners in the first year, 2,000 in the second year, and 4,000 in the third year. |a. |In what range of
The franchising is the chain of any particular business to run by diverse firms or affiliation successfully. The franchiser grants working their business attach to franchisee under franchiser 's term and condition. Assorted foundations business has different term and condition for its franchisee. Franchising business generally run in the regular lifestyle industry like McDonald 's, pizza cabin, domino 's, Subway at cetera. Some franchising chains similarly run in the organization gives efficient Western Union, Money gram, Post Shop et cetera. The greatest relationship of franchising is Subway restaurant
Using Constant Table, we find the value of A2 for Subgroup of n=6 as A2 = 0.483
Allowing people to feel personally responsible for an identifiable and meaningful portion of their work is associated with the …….. approach to job design?
a) .002 hours b) .008 hours c) 125 hours d) 500 hours 19. A parallel system includes two parts with each having a reliability of 0.8. The system reliability is _______ a) .08 b) .64 c) .80 d) .96 20. A series system includes two parts with each having a reliability of 0.8. The system reliability is _______ a) .08 b) .64 c) .80 d) none of the above 21. Which of the following is true about the design process? _______ a) Traditionally, representatives from various departments and functions worked together on the design. b) The design process involves four basic steps, which, when followed in sequential order, ensure success. c) The better way to work on a design process is to separate marketing, engineering, and production personnel from each other so each can work in their own area of expertise. d) Concurrent design has proven to be the more effective method for design. 22. Developing new production facilities or entry into new markets typically requires which range of forecast? a) short range b) medium range c) long range d) additional information
Sodexho, Inc. is the leading provider of integrated food and facilities management services in the U.S., Canada, and Mexico, serving 10 million customers in 6,000 locations every day. Our dedication to excellent service, corporate citizenship, and fighting hunger all come from one goal - to make every day a better day.
The overlying mission of The Toyota Motor Corporation is to "develop and provide innovative, safe and outstanding high quality products and services that meet a wide variety of customers ' demands to enrich the lives of people around the world" (TMC, 2006). In order to ensure that each and every segment of TMC excels in this mission, a number of principles and philosophies have been outlined in order to meet the corporation objectives in the most beneficial manner,
The purpose of the report is to explore, review and apply operations management concepts to the operational aspects of ARAPU Company.
ROLES OF HUMAN RESOURCE MANAGEMENT 3.1 3.2 3.3 3.4 3.5 Planning Facilitator Coordinator Auditor Staffing
Saint-Gobain Containers is one of the leading glass packaging companies for the food and beverage industry. Employing over 4,000 people and having 14 locations in North America, Saint-Gobain Containers has shown to be one of the main leaders of its industry. Ranking number one in the European market and number two worldwide, Saint-Gobain Containers has shown to have a superb base of Operations Management. Having a good chain of Operations
In any business, the achievable goal is to have a successful form of operations management. The function of this goal is to plan, coordinate, and control resources that are needed to produce a company’s products and services. This area is a critical function within every organization and plays a vital role in the success of any company. Over the course of the years and through changing economies, operations management and its decisions have been altered to reflect updated standards, conditions, and technology. These areas and activities that have been developed are often unseen and overlooked. The evolution of operations management and its purposes were derived from several gurus whose innovation expanded from assembly lines to quality management and strategic perspectives. Operations management has grown to include an emphasis on better quality goods and services, technology, and automation: far exceeding the initial expectation of just minimized costs.
Assumption 1: The excess capacity stated allows for 3000 of each unit to be produced the costs of each are as follows.
Tools and parts were standardized to allow for those efficiencies and price reduction. Frederick Winslow Taylor, efficiency engineer, began this movement and is known as the “father of scientific management”. (Stevenson, 2012) Taylor reviewed work methods to find the best overall method to complete the job at hand and works to maximize outputs. The Scientific Management era also included pioneers: Frank Gilbreth, Henry Gantt, Harrington Emerson, and Henry Ford. Most of us have heard about Henry Ford and his invention of mass production facilities that allow for higher production for standardized goods. (Stevenson, 2012) Interchangeable parts and the idea of division of labor allowed for lower paid workers to handle simplified tasks with little to no skills needed. Both Taylor and Ford were reviled by workers for caring more about the overall productivity than the employees that handle said products.
Product Direct material ($) Direct labour ($) Volume (units) Number of production runs Number of machine hours X 800 150 10 2 30 Y 2,000 500 100 8 100 Total overhead ($) Machine-run costs ($) (cost driver is number of machine hours) 3,900 Set-up costs ($) (cost driver is number of production runs) 11,500
Operations administration concentrates on precisely dealing with the procedures to create and circulate items and administrations. Operations administration is the procedure, which joins and changes different assets utilized as a part of the creation/operations subsystem of the association into quality included item/benefits in a controlled way according to the arrangements of the association. In this way, it is that part of an association, which is worried with the change of a scope of inputs into the required (items/administrations) having the essential quality level.
Punj Lloyd is one of the largest engineering construction companies in India providing integrated design, engineering, procurement, construction and project management services for energy industry and infrastructure sector projects. It provides engineering construction services for onshore and offshore pipelines, gas gathering systems, oil and gas tanks and terminals including cryogenic Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) storage terminals, process facilities in the oil and gas industry including refineries and for power plant projects. Punj Lloyd has worked not only in infrastructure sector but on several projects in the telecommunications sector also. In addition, it provides value added