A company must meet the following demands (but backlogs and inventory allowed with charges) January 30; February 30; March 20 all demand must be met by end of March. Inventory costs $20/ unit at month end, and backlogged demand incurs a $5 / unit per month cost. This table lists the monthly production capacity and unit production costs. Month January February March Production Cap 35 30 35 Unit costs 400 420 410 Set up the transportation simplex (and then solve) where the rows are Monthly Supply and the Columns are the monthly deliveries. You'll need a dummy demander. A unit shipped from February Supply to a January demand is LATE. A unit shipped from a February Supply to a March demand has been put in Inventory for a month. 1. How many February units are shipped to February demand 2. What is the total optimal cost.
Q: O Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is…
A: Input and Outputs Current (this year) Expected (Next year) Hairstyles per week 270 340 Labor…
Q: 1. Show your work. Please utilize the Stepping-Stone Method. ..C.10 Dana Johnson Corp. is…
A: Find the Given details below: Given details: From Existing Plants To Decatur Minneapolis…
Q: Three graduates who recently graduated from the College of Law are considering opening a law office…
A: The break-even point is the level of sales or revenue at which the total costs of a business are…
Q: Mandy has a Chartered Accountant qualifications and Denis is a qualified motor mechanic who has also…
A: Employee management refers to the processes and practices that organizations use to manage and…
Q: All Seasons Flower Shop uses 870 clay pots a month. The pots are purchased at $ 6 each. Annual…
A: In inventory management, determine the optimal quantity of goods that a company should order each…
Q: A firm has some projects to consider: a new research project; a new equipment project; and potential…
A: Find the Given details below: New Research New Equipment Business Trips Return…
Q: Both the average flow rate and average flow time of a process are increased by 50%, what will be the…
A: According to Little's Law, the average number of units in a process (inventory) is equivalent to the…
Q: Given the project network information, complete the forward and backward pass. What is the…
A: Here, for each activity, I have been given the duration data, predecessor data, and variance data, I…
Q: a) For a 90% service level, what is the ROP? The reorder point is cigars (round your response to the…
A: Mean Lead Time (LT) = 4 weeks Standard Deviation of Lead Time (σLT) = 2 weeks Mean Demand (d) = 150…
Q: CALCULATE THE DETAIL PLAN MPS FOR PRODUCT C Product C Periods Forecast Accepted orders Projected…
A: Find the Given details below: Calculation methods: MPS:Requirement = Maximum value of Demand and…
Q: Use VAT method to supply out all the stocks
A: Vogel's approximation method (VAM) is an algorithm used to solve transportation problems. It is an…
Q: are accurate only to within ±15 percent. What values should the company use for the four variables…
A: Here, I would perform the best-case scenario analysis and the worst-case scenario analysis, here,…
Q: A jewelry manufacturer is creating a routine order schedule for some new products: J66 and J67. J66…
A: Find the Given details below: Note that here part 1 question is not so clear and no answers match…
Q: QUESTION 26 D a B. The slope of the line labeled "A" in the diagram is: order rate. rate of…
A: Inventory management includes all those methods that are adopted by the inventory manager for…
Q: Develop an aggregate production schedule for the year using a constant workforce. For simplicity,…
A: An aggregate production plan is the operation management method that helps determine the…
Q: HPU currently has a recycling program for paper waste. The fixed cost of running this program is…
A: Data:
Q: What are the most often mentioned advantages of IT outsourcing?
A: Information technology or IT outsourcing is the practice of utilizing outside assets by contracting…
Q: Construct a network for these activities.
A: A network diagram shows the link of each task with the duration taken by each activity with respect…
Q: FOUR DIFFERENT TYPES OF TEAM ARE : 1) FUNCTIONAL TEAM 2) CROSS FUNCTIONAL TEAMS 3) SELF MANAGED…
A: Here, I would discuss the four different types of teams, these teams are functional,…
Q: The desired dally output for an assembly line is 480 units. This assembly line will operate 7/60…
A: Assembly line balancing can be defined as the practice of assigning work tasks to workstations in…
Q: Product evaluation tool may involve testing product,which results in stochastic data that account…
A: As per Bartleby guidelines, only one question can be solved at a time...Other questions need to be…
Q: Any company's main purpose is to benefit stakeholders and competitors. d. service 4. In a…
A: The supply chain is a vital value chain in a manufacturing organisation that oversees the movement…
Q: What are some of the advantages that come along with using a strategy that operates in stages?
A: A staged approach in operations management is a way to accomplish organizational goals by segmenting…
Q: Sales promotions are known to promise customers a chance to win substantial rewards just for…
A: In this article, we will discuss the importance of social responsibility in marketing and how it can…
Q: A. Planners for a company that makes several models of skateboards are about to prepare the…
A: Aggregate planning is a crucial aspect of operations management that deals with developing a…
Q: BOMs acronym -in design process- refers to Business Management Operations. One of the basic…
A: Operations management is the process of managing the business operations so that the goal of the…
Q: Why IKEA’s Operations Model Is So Successful Operations management is an essential part of the…
A: The success of IKEA's operational strategy may be attributed to the company's commitment to cost…
Q: Here is a 5 by 5 assignment problem. 83 13 76 13 84 58 26 92 45 103 35 63 34 103 12 77 20 10 50 82…
A: Find the Given details below: Given details: 34 103 83 13 76 12 13 84 58 26 92 45 103 35…
Q: What is the outcome of a successful business strategy? above-normal market share, when compared to…
A: Business strategy is the set of decisions and actions that guide an organization in achieving its…
Q: A process of making chair is described as follows: Stage 1 Seat and back attached Stage 2 Legs…
A: Cycle time is divided by the 60 minutes with the bottleneck. It is determined with following…
Q: How important is it to address management-employee conflicts in the operations section of your…
A: Disagreements about how tasks are carried out will inevitably come up at some time when a team of…
Q: Three graduates who recently graduated from the College of Law are considering opening a law office…
A: A company's break-even point is the point at which its sales or revenue is equal to its operating…
Q: Name three fully-digitized technical processes. Were each adjustment's goals different?
A: Process digitalization may assist get rid of inefficient processes and increase productivity. So are…
Q: manufacturer is evaluating whether to outsource or perform in-house product specification testing.…
A: Data Given:
Q: What are the primary advantages of IT outsourcing?
A: An organization can handle IT-related activities and obligations by hiring a third-party service…
Q: Scary Clowns, Inc., supplies special makeup cases to a major circus. The circus orders its EOQ of…
A: Inventory management is a critical component of supply chain management that tries to optimise a…
Q: The basic objective of every business is to provide value to its a. stakeholders b. competitors. a.…
A: Business management is the planning of the activities which is required for the smooth completion of…
Q: A bottle of 2% CH costs $32.21 and a bottle of 10% PI costs $18.02 and now knowing that a bottle of…
A: Cost is the amount that is incurred by the company on producing goods and services in the company or…
Q: Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall,…
A: A production plan is a detailed strategy that outlines how a company plans to make and deliver its…
Q: Eight activities A,B,C,D,E,F,G and H with their preceeding activities and duration times are given…
A: A network diagram also known as a project network, is a graphical representation of the sequence of…
Q: The City Transportation Planning Committee must decide whether to begin a long-term project to build…
A: In each city, transportation is a crucial component of the infrastructure. The City Transportation…
Q: as determined that th charge, he wants to response to the near
A: Find the Calculation methods below: Time taken for n unit (Tn) = T1nbn - Unit numberT1 - Time Taken…
Q: A factory packs two kinds of products: ordinary and premium. Each product contains three different…
A: Let's define the decision variables: x_o = number of ordinary products to produce per dayx_p =…
Q: the goal of Supplychain management is to meet consumer requests in a profitable and long term…
A: Supply chain management is a crucial aspect of modern businesses, with the ultimate goal of meeting…
Q: A manufacturer's average WIP inventory for Part #1845 is 776 parts. The workstation produces parts…
A: Here, the average WIP Inventory is 776 parts, The workstation produces parts, the rate is 255 parts…
Q: What is the first step in a ghost employee scheme? a. Collecting timekeeping and wage rate…
A: A ghost employee scheme is a type of payroll fraud where a non-existent or fake employee is added to…
Q: True or False: Engineering Technologist study the design process because 85% of problem of new…
A: Product design is defined as a process that results in the creation of a new product or improvement…
Q: Edwards Machine Tools needs to purchase a new machine. The basic model is slower but costs less,…
A: Find the Given details below: Profits Decision Low Medium High Basic Model $…
Q: In order to enable m-commerce and e-commerce, examine the main characteristics of the electronic…
A: Electronic Payment Systems (EPS) refer to the technologies and infrastructure used to facilitate…
Q: Design is the confluence of technical processes, cognitive processes, and social processes.
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Trending now
This is a popular solution!
Step by step
Solved in 6 steps with 8 images
- The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. Can you guess the results of a sensitivity analysis on the initial inventory in the Pigskin model? See if your guess is correct by using SolverTable and allowing the initial inventory to vary from 0 to 10,000 in increments of 1000. Keep track of the values in the decision variable cells and the objective cell.The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. As indicated by the algebraic formulation of the Pigskin model, there is no real need to calculate inventory on hand after production and constrain it to be greater than or equal to demand. An alternative is to calculate ending inventory directly and constrain it to be nonnegative. Modify the current spreadsheet model to do this. (Delete rows 16 and 17, and calculate ending inventory appropriately. Then add an explicit non-negativity constraint on ending inventory.)The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. Modify the Pigskin model so that there are eight months in the planning horizon. You can make up reasonable values for any extra required data. Dont forget to modify range names. Then modify the model again so that there are only four months in the planning horizon. Do either of these modifications change the optima] production quantity in month 1?
- If a monopolist produces q units, she can charge 400 4q dollars per unit. The variable cost is 60 per unit. a. How can the monopolist maximize her profit? b. If the monopolist must pay a sales tax of 5% of the selling price per unit, will she increase or decrease production (relative to the situation with no sales tax)? c. Continuing part b, use SolverTable to see how a change in the sales tax affects the optimal solution. Let the sales tax vary from 0% to 8% in increments of 0.5%.Another way to derive a demand function is to break the market into segments and identify a low price, a medium price, and a high price. For each of these prices and market segments, we ask company experts to estimate product demand. Then we use Excels trend curve fitting capabilities to fit a quadratic function that represents that segments demand function. Finally, we add the segment demand curves to derive an aggregate demand curve. Try this procedure for pricing a candy bar. Assume the candy bar costs 0.55 to produce. The company plans to charge between 1.10 and 1.50 for this candy bar. Its marketing department estimates the demands shown in the file P07_47.xlsx (in thousands) in the three regions of the country where the candy bar will be sold. What is the profit-maximizing price, assuming that the same price will be charged in all three regions?