Question 3A firm practices a pure chase strategy. Production last quarter was 1,154. Demand over the next four quarters is estimated tobe 1,135, 1.013, 1.000, and 1.148. Hiring cost is $16 per unit, and layoff cost is $4 per unit. Over the next year, what will be thesum of hiring and firing costs?Input should be an exact number (for example, 5 or 10).Question 4A firm practices a pure level strategy that sets the production level at the average demand over the next four periods. Inventorylast quarter was 0. The extra units produced are stored in a warehouse. The extra units needed are subcontracted. Demand overthe next four quarters is estimated to be 915, 1,155, 846, and 803. Production cost is $23 per unit, and Inventory cost is $7 perunit. What is the production level at this firm?keep two decimals if not exact, either round up or down is ok. For example, for 0.1346, (0.13 or 13) and (0.14 or 14) are correct.

Cost-per-hire is one of the most significant and most ordinarily utilized hirings and selecting…

Answered: A firm practices a pure chase strategy.…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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QUESTION 1 AJ Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters. Quarter Demand 1 1300 2 1400 3 1500 4 1300 Previous quarter's output = 1,500units Beginning inventory = 200units Stockout costs = $50 per unit Inventory holding cost = $10 per unit at end of quarter Hiring workers = $4 per unit Firing workers = $8 per unit Unit cost = $30 per unit Overtime = $10 extra per unit a) Which of the following production plans is better: Plan A - chase demand by hiring and firing: or plan B - product at a constant rate of 1200 and obtain remainder from overtime? b) Explain the differences between repair and preventive maintenance? c) Explain the implications of each approach when developing an asset maintenance strategy? d) Explain the benfits and challenges associated with the implementation of an MRP system?
QUESTION TWO Musa's Cashmere Sweaters has authorized the following MPS for her exclusive line of cashmere sweaters. She wants to use the MPS record for promising future orders. Current order promises are included. The MPS order quantity is 60 units. Beginning Inventory is 0. Complete the following MPS record. Period 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 15 15 15 15 20 20 20 20 25 25 25 25 Customer orders 12 10 8 25 40 0 15 30 30 0 0 40 Projected available Available-to-promise MPS 60
Q3 The numbers for March are correct. Cost table: LayoffHiringInventory Totals: 36 36 55,209 Costs: $54,000 $162,000 $165,627 Cost of plan:$381,627 Planning values Starting inventory: 3,000 Starting and ending workforce: 214 Hours worked per month per hour: 240 Hours per unit: 30 Hiring cost per worker: $4,500 Layoff cost per worker: $1,500 Monthly per-unit holding cost: $3 Forecasted sales: Month Forecasted salesMarch 1,649April 1,427May 1,137June 976July 1,531August 1,976September 2,470October 2,529November 3,016December 2,910January 2,434February 1,945
question 6 In a Q system, the demand rate for strawberry ice cream is normally distributed, with an average of 295pints per week.The lead time is 8 weeks. The standard deviation of weekly demand is 10 pints. Refer to the standard normal table1 for z-values. a. The standard deviation of demand during the 8-weeklead time is ______pints. (Enter your response rounded to the nearest whole number.) b. The average demand during the 8-week lead time is_____ pints. (Enter your response as an integer.) c. The reorder point that results in a cycle-service level of 92percent is _______ pints. (Enter your response rounded to the nearest whole number.) 1: Data Table The table below shows the total area under the normal curve for a point that is Z standard deviations to the right of the mean. Z 0.00 0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 0.09 0.0 0.5000 0.5040 0.5080 0.5120 0.5160 0.5199 0.5239 0.5279 0.5319 0.5359 0.1 0.5398…
Q4 Costs: LayoffHiringInventory Totals: 246 246 30,000 Costs: $246,000 $492,000 $30,000 Cost of plan:$768,000 Planning values Starting inventory: 2,500 Starting and ending workforce: 200 Hours worked per month per hour: 360 Hours per unit: 40 Hiring cost per worker: $2,000 Layoff cost per worker: $1,000 Monthly per-unit holding cost: $1 Forecasted sales:Month Forecasted salesMarch 1,827April 1,620May 1,440June 1,179July 1,611August 2,115September 2,637October 2,502November 3,150December 3,231January 2,826February 2,331
Required information Skip to question George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company’s products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week Units Total Etching Cost 1 9 $ 21 2 12 25 3 13 30 4 9 20 5 11 25 6 18 34 72 $ 155 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. 2-a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per week. 2-b. Express these estimates in the form Y = a + bX.
QUESTION 5:What is demand forecasting and why it’s vital to the company’s operations?
7. Question content area left Part 1 Leah Johnson, director of Urgent Care of Brookline, wants to increase capacity to provide low-cost flu shots but must decide whether to do so by hiring another full-time nurse or by using part-time nurses. The table below shows the expected costs of the two options for three possible demand levels: States of Nature (demand) Alternatives Low Medium High Hire full−time $300 $480 $680 Hire part−time $0 $340 $1,200 Probabilities 0.20 0.55 0.25 Part 2 a) The alternative with the least expected cost is ▼ a. Hire full-time b. Hire part-time The expected cost of this alternative is $ ______ (enter your answer as a whole number). .
Question 5: After completing the jewelry design course, Kiran opened a jewelry showroom in Kohat. She employs eleven people in her showroom. In order to increase productivity, she divides the work into small tasks, and each employee is trained to perform their professional work. The salesperson is allowed to reach a maximum 10% discount with the buyer, and the decision to grant further discounts depends on Kiran as the final authorization. At the beginning of the company's opening, five of her employees were asked to arrange extra working hours. In return, she promised to give them special rewards within a year. Therefore, after six months of good business performance, she awarded cash bonuses to each employee to fulfill her promise. However, when resolving conflicts between employees, she tends to prefer female employees. In the above case: Identify and explain how the various management principles adopted by Kiran by quoting the lines in this paragraph. Identify and explain how…
Question 9. Consider the information. Quarterly Demand = 4200, 3200, 4600, 3400, for quarters 1,2,3,4, respectively. Production Standard = 250 items/quarter Unit Hiring Cost = $250/FTE Unit Firing Cost = $350/FTE Unit Carrying Cost = $4/item/quarter With a beginning annual inventory of 800 and an ending annual inventory of 860, then which production plan represents a mixed strategy that satisfies all the requirements? (Note: Satisfying “all requirements” implies not level, not chase, no negative inventory, and meeting ending inventory objective). Select One Answer Quarter 1 Quarter 2 Quarter 3 Quarter 4 Production Plan A 3390 4020 4630 3420 Production Plan B 3865 3865 3865 3865 Production Plan C 3880 3880 3820 3820 Production Plan D 4215 3215 4615 3415 Production Plan E 3875 3885 3875 3825 F None of the above
Question 4 If Standard output is 140 units, X has completed 110 units, Y has completed: 125 units, Z has completed: 165 units, standard rate is 30 taka/unit then what would be their wage based on Taylor and Merrick’s plan? Identify similarities and dissimilarities of the above-mentioned plan.
What do figures below mean

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