A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and the parameters of each process are as follows: Process 1 Process 2 35 parts/hour 4 hours/ day 20% 15 parts/ hour 7 hours/ day 9% Production rate Daily production time Percent of parts rejeted based on visual inspection Assume that the daily demand for hubs allows all defect-free hubs to sold. Additionally, tested or rejected hubs cannot be sold. Find the process that maximizes profit per day if each part is made from Php 200 worth of material and can be sold for Php 1,500. Both processes are fully automated, and variable overhead cost is charged at the rate of Php 2,000 per hour.
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- Management of Mittel Company would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported: Inspection time 0.7 days Wait time (from order to start of production) 16.9 days Process time 2.7 days Move time 1.0 days Queue time 4.3 days 1. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal place.) 2. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Do not round intermediate calculations. Round your percentage answer to 1 decimal place.)Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported: Inspection time- 0.7 daysWait time (from order to start of production) -16.6 daysProcess time -2.7 daysMove time -1.3 daysQueue time- 4.5 daysRequired:1. Compute the throughput time. (Round your answer to 1 decimal place.) 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your answer to the nearest whole percentage (i.e., 0.12 should be entered as 12).) 3. What percentage of the throughput time was spent in non–value-added activities? (Round your answer to the nearest whole percentage (i.e., 0.12 should be entered as 12).) 4. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal place.) 5. If by using Lean Production all queue…A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing, and the parameters of each process are as follows: Process 1 Process 2 Production Rate 35 parts per hour 15 parts per hour Daily production time 4 hours per day 7 hours per day Percent of Parts Rejected 20% 9% Assume that the daily demand for hubs allows all defect-free items to be sold. Additionally, defective hubs cannot be sold and their material cannot be recovered anymore. Find the process that minimizes the total cost per piece if each part is made from $4 worth of material. Both processes are fully automated, and the variable overhead cost is charges at $40 per hour.
- Refers to the range of the number of items produced by the operation over a givenperiod of time.(1) Volume of output.(2) Variation of output.(3) Variety of output.(4) Transformation process.(5) Transmission process.(1) Q.1.5 Staff members are moved to new jobs as a means of enriching and stretching thestaff member, given the staff member knows their current job well. (1) Job development.(2) Job enrichment.(3) Job enlargement.(4) Job rotation.(5) Job shadowing.(1) Q.1.6 Any group against which people can evaluate their own behaviour and purchasingpatterns. (1) Cultural groups.(2) Family.(3) Reference groups.(4) Opinion leaders.(5) Friends.(1) Q.1.7 Which of the following may be classified as a current asset?(1) Debtors.(2) Delivery vehicle.(3) Mortgage bond.(4) Secured loans.(5) Marketable security.(1) Q.1.8 An inventory control system where each item in the inventory is checked orreviewed at fixed intervals and is supplemented by an order to bring the inventorylevel to its maximum…Mr. Ferdinand is a well known entrepreneur who sells fresh organic beef to persons in the localcommunity. Customers love the quality of meet that Mr. Ferdinand sells so they tend torecommend his product to other persons. Recently, Mr. Ferdinand has been running out of beefto sell to his customers. One customer suggests to him that he must use past sales records toforecast demand for his beef so that he can meet his customers demand. 1. Using a numerical example, demonstrate to Mr. Ferdinand how he can use a three-week and a four-week weighted moving average to forecast demand for his beef.Mr. Ferdinand is a well-known entrepreneur who sells fresh organic beef to persons in the localcommunity. Customers love the quality of meet that Mr. Ferdinand sells so they tend torecommend his product to other people. Recently, Mr. Ferdinand has been running out of beefto sell to his customers. One customer suggests to him that he must use past sales records toforecast demand for his beef so that he can meet his customers' demand.I. Using a numerical example, demonstrate to Mr. Ferdinand how he can use a three-week and a four-week weighted moving average to forecast demand for his beef.II. Show how Mr. Ferdinand can test the accuracy of his forecast. III. Explain to Mr. Ferdinand two ways in which he can benefit from doing a forecast for his beef.
- Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported: Inspection time 0.5 days Wait time (from order to start of production) 16.1 days Process time 2.6 days Move time 0.7 days Queue time 3.9 days Required: 1. Compute the throughput time. (Round your answer to 1 decimal place.) 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.) 3. What percentage of the throughput time was spent in non–value-added activities? (Round your percentage answer to nearest whole percent.) 4. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal place.) 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Round…Month # MachineHours (X) MaintenanceCosts (Y) Jan 3,000 $440 Feb 4,500 $690 Mar 8,000 $510 Apr 7,000 $600 May 6,000 $550 Jun 9,000 $980 Jul 3,500 $840 Aug 5,500 $600 What does the slope represent? the rate at which the X variable changes as a result of the Y variable the rate at which the Y variable changes as a result of the X variable the rate at which the independent variable changes as a result of changes in the dependent variable the rate at which the dependent variable changes as a result of the fixed cost componentOutput from a process contains 0.02 defective unit. Defective units that go undetected into final assemblies cost $25 each to replace. An inspection process, which would detect and remove all defectives, can be established to test these units. However, the inspector, who can test 20 units per hour, is paid $8 per hour, including fringe benefits. Should an inspection station be established to test all units? Assume that the line will operate at the same rate (i.e., the current production rate) regardless of whether or not the inspection operation is added. a-1. Without the inspector, what is the current hourly cost of defects? a-2. Should an inspection station be established to test all units based on costs alone? multiple choice Yes No a-3. If the inspection operation is added, what would be the cost to inspect each unit? Note: Round your answer to 2 decimal places. b. What would be the benefit (or loss) from establishing the inspection process? Note: Round your answer…
- Mr. Ferdinand is a well known entrepreneur who sells fresh organic beef to persons in the localcommunity. Customers love the quality of meet that Mr. Ferdinand sells so they tend torecommend his product to other persons. Recently, Mr. Ferdinand has been running out of beefto sell to his customers. One customer suggests to him that he must use past sales records toforecast demand for his beef so that he can meet his customers demand.I. Using a numerical example, demonstrate to Mr. Ferdinand how he can use a threeweek and a four-week weighted moving average to forecast demand for his beef.II. Show how Mr. Ferdinand can test the accuracy of his forecast. III. Explain to Mr. Ferdinand two ways in which he can benefit from doing forecast forhis beef.Mr. Ferdinand is a well known entrepreneur who sells fresh organic beef to persons in the localcommunity. Customers love the quality of meet that Mr. Ferdinand sells so they tend torecommend his product to other persons. Recently, Mr. Ferdinand has been running out of beefto sell to his customers. One customer suggests to him that he must use past sales records toforecast demand for his beef so that he can meet his customers demand. I. Using a numerical example, demonstrate to Mr. Ferdinand how he can use a three week and a four-week weighted moving average to forecast demand for his beef.II. Show how Mr. Ferdinand can test the accuracy of his forecast. III. Explain to Mr. Ferdinand two ways in which he can benefit from doing forecast forhis beef.Consider the mixing process shown in the figure. A mixing chamber initially contains 4 liters of a clear liquid. Clear liquid flows into the chamber at a rate of 10 liters per minute. A dye solution having a concentration of 0.25 kilograms per liter is injected into the mixing chamber at a constant rate of liters per minute. When the mixing process is started, the well-stirred mixture is pumped from the chamber at a rate of 10 + r liters per minute. (a) Develop a mathematical model for the mixing process. Let Q represent the amount of dye in kilograms in the mixture. (dQ/dt)=? (b) The objective is to obtain a dye concentration in the outflow mixture of 0.1 kilograms per liter. What injection rate r is required to achieve this equilibrium solution? r = ? Would this equilibrium value of r be different if the fluid in the chamber at time t=0 contained some dye? yes, no or maybe? (c) Assume the mixing chamber contains 4 liters of clear liquid at time t. How many minutes will it take…
