A manufacturing company has a weekly product input of 1700 units. The average percentage of good-quality products is 83%. Of the poor-quality products, 60% can be reworked and sold as good-quality products. Determine the weekly product yield and the product yield if the good-product quality is increased to 92%.
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A manufacturing company has a weekly product input of 1700 units. The average percentage of good-quality products is 83%. Of the poor-quality products, 60% can be reworked and sold as good-quality products. Determine the weekly product yield and the product yield if the good-product quality is increased to 92%.
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- At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 = average; 4 = bad. The weekly revenue earned by a machine in state 1, 2, 3, or 4 is 100, 90, 50, or 10, respectively. After observing the condition of the machine at the beginning of the week, the company has the option, for a cost of 200, of instantaneously replacing the machine with an excellent machine. The quality of the machine deteriorates over time, as shown in the file P10 41.xlsx. Four maintenance policies are under consideration: Policy 1: Never replace a machine. Policy 2: Immediately replace a bad machine. Policy 3: Immediately replace a bad or average machine. Policy 4: Immediately replace a bad, average, or good machine. Simulate each of these policies for 50 weeks (using at least 250 iterations each) to determine the policy that maximizes expected weekly profit. Assume that the machine at the beginning of week 1 is excellent.A farmer in mufulira, copper belt province of Zambia would like to introduce a new product .it has estimated that the cost of purchasing, delivery and installation the new machine required to manufacture the product is k160, 000.the expected life span of the product is six years. The first revenues 200,000 second 240,000 and 220,000, Revenues estimates are k205,000 in each of the remaining three years. The incremental variable of producing the product are estimated to be 54% of the revenues. The marginal tax rate of the farm is 40% of the revenues. The machine purchased will have a salvage value of k35,000 and the farm is expecting to recoup k10,000 of its working capital at the end of six years. The farm has fixed cost of k30,000.a. Calculate the IRR at a discount rate of your choice.The perspectives included in the balanced scorecard approach include all of the following except thea. internal process perspective. b. capacity utilization perspective. c. learning and growth perspective. d. customer perspective.
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- Mont Corp produces and sells 1,000 dining tables per year. Currently its only quality problem with the products is related to varnishing. It currently incurs $400 per year for quality training and $600 per year for reliability engineering. Inspection cost is $6 per unit, and all units produced are inspected. Traditionally, at an internal inspection, 9% of all units fully-produced are found to have problems with the varnishing, and are reworked. Rework cost is $100 per unit. Defective units sold to customers are returned to the company and reworked. External failures are 1% of units sold, and the company incurs the shipping costs at the rate of $20 per unit. In 2020, management are considering an alternative method of inspecting products which will reduce inspection cost by $1.50 per unit. The alternative method will reduce the internal failure to 4% of all units produced, and increase the external failure rate to 6% of all units sold. In addition, with the alternative inspection…A process is designed to produce 2,050 units per hour. The process has a scrap rate of 0.9% and a 14% inherent inefficiency. Assuming that the actual output of the process is 1,550 units per hour, what is the process design capacity, available capacity, actual capacity, capacity utilization, efficiency and the output gap for this process? The design capacity is ____ units per hour. (Enter your response as a whole number.)An organization is considering three process configuration options. There are two different intermittent processes, as well as a repetitive focus. The smaller intermittent process has fixed costsof $30000 per month, and variable costs of $9 per unit. The larger intermittent process has fixed costs of $11000 per month and variable costs of $2 per unit. A repetitive focus plant has fixed costs of $48000 and variable costs of $1 per unit.a. If the company produced 22000 units, what would be its cost under each of the threechoices?b. Which process offers the lowest cost to produce 39000 units? What is that cost?
- The one in bold, I already sold. Spartan Castings must implement a manufacturing process that reduces the amount of particulates emitted into the atmosphere. Two processes have been identified that provide the same level of particulate reduction. The first process is expected to incur $340,000 of fixed cost and add $40 of variable cost to each casting Spartan produces. The second process has fixed costs of $100,000 and adds $70 of variable cost per casting. a. What is the break-even quantity beyond which the first process is more attractive? The break-even quantity is 8000 castings. b. What is the difference in total cost if the quantity produced is 5,000? The total cost of process 1 is greater. Find the difference in total cost?True or false A company’s balanced scorecard should focus on the performance measurements that are most important to its key competitor.You are the operations manager for a production company. You are given the technical rate of substitution between factors X2 and X1 as -4. If you will like to produce the same output but you want to decrease the use of X1 by 2 units since it cost more than X2 to acquire, how many additional units of X2 will be required?