OPERATIONS MANAGEMENTA retail shopping chain decided to improve its customer service, productivity and reduce its transportation costs by shifting its existing central warehouse to a new location. For this purpose, thecompany collected data of its existing three retail shops as shown in Table 1.Table-1Sales VolumeX and Y CoordinatesLocation(in Units)of the locationLocation - 136(8, 4)Location – II29(4, 9)Location IlI15(5, 5)Question-1: Evaluate the data in Table - 1 to arrive at the coordinates of new central warehouse which is supposed to be optimum and improve the productivity of this retail chainExplain all the steps.A grocery shop based in UAE found that its inventory strategy of ordering the raw material is not appropriate. Due to this, the company's productivity has been consistently decreasing in therecent past and the production also stopped many times due to the non-availability of raw material and increased the stock-out costs and total inventory cost. Therefore, the company decided toreduce its total inventory cost to improve its productivity related to the operations. On an experimental basis, it studied the costs of inventory of one single item. The annual demand of this itemis found to be 2500 units. Its order cost is found to be 60 AED per order and the holding cost is calculated as ten percent of the ordering cost. The shop purchases its raw material for this item at acost of 80 AED.Question-2: Evaluate the above data to recommend an operations strategy for ordering the items economically and find the total cost of inventory. Provide your suggestions Explainall the steps and show the calculations.

Note: Since you have posted multiple independent questions in the same request, we will solve the…

A retail shopping chain decided to improve its customer service, productivity and reduce its transportation costs by shifting its existing central warehouse to a new location. For this purpose, the company collected data of its existing three retail shops as shown in Table - 1. Table-1 Sales Volume X and Y Coordinates Location (in Units) of the location Location -1 36 (8, 4) Location - I| 29 (4, 9) Location - III 15 (5, 5) Question-1: Evaluate the data in Table - 1 to arrive at the coordinates of new central warehouse which is supposed to be optimum and improve the productivity of this retail chain Explain all the steps.

A retail shopping chain decided to improve its customer service, productivity and reduce its transportation costs by shifting its existing central warehouse to a new location. For this purpose, the company collected data of its existing three retail shops as shown in Table - 1. Table-1 Sales Volume X and Y Coordinates Location (in Units) of the location Location -1 36 (8, 4) Location - I| 29 (4, 9) Location - III 15 (5, 5) Question-1: Evaluate the data in Table - 1 to arrive at the coordinates of new central warehouse which is supposed to be optimum and improve the productivity of this retail chain Explain all the steps.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter5: Network Models

Section5.3: Assignment Models

Problem 12P

See similar textbooks

Similar questions

4. In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,100 radials each year. In the past 2 years, 220 and 250, respectively were sold in fall, 360 and 300 in winter, 150 and 160 in spring, and 320 and 440 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,300 radials. Part 2 Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers): Season Demand Fall __________
The Times-Picayune is searching for an ideal spotting station for the morning paper. The table below shows potential neighborhoods, their location on an XY grid of the city, and typical morning volume. What is the location that will minimize the transportation costs for the newspaper? Customer Annual Volume X-Coordinate Y-Coordinate Florida 255 6 4 Desire 150 7 6 Lafitte 235 2 4 Iberville 450 2 6 Guste 175 2 6 CJ Peete 255 1 4 Group of answer choices Near (3.0, 5.0) Near (2.8, 4.8) Near (2.5, 5.4) Near (2.8, 5.2)
Twenty Four Seven Convenience Store, which had opened its first store at New Delhi’s Lajpat Nagar in 2005, pres-ently operates 38 ‘round-the-clock’ stores in the India’s capital region1. Planning to open its new branch in the capital suburban, the chain has come up with three options which have been evalu-ated against the decision factors are follows: LocationFACTOR WEIGHT A B CMarket Size 30 8 6 5Accessibility 30 6 5 6Proximity to the current24-7’s distribution centres 25 5 6 4Store expansion potential 15 5 6 9 a) Using the factor-rating method, what is the recommended sitefor Twenty Four Seven’s new store?b) The store expansion potential is the least important factor inthe least. At what level of importance (weight) for the store’ expansion potential, the decision made in part (a) of this ques-tion will change.
A farmers' cooperative association plans to build a new sugar mill in Georgetown. Theprimary objective of the mill is to provide the farmers with a place to take their crop forprocessing that will reduce their transportation costs. The members of the co-op believe thatthe center-of-gravity method is appropriate for this objective. While there are over 200 sugarcane farms in the region, they are tightly clustered around six villages. Using the data below,use the center-of-gravity method to calculate the coordinates of the best location for this mill.All mileage references use Browns Town as (0,0).VillageMiles East ofBrowns TownMiles North ofBrowns TownSugar CanetonnageBarney Valley 90 10 240,000Blue Pasture 140 60 320,000Congo Valley 20 70 450,000Bower 50 20 120,000Rabacca 100 80 60,000Salem 10 120 140,000
Garfield Industries is expanding its operations throughout the Southeast United States. Garfield anticipates that the expansion will increase sales by $1,000,000 and increase operating costs (excluding depreciation and amortization) by $700,000. Depreciation and amortization expenses will rise by $50,000, interest expense will increase by $150,000, and the company’s tax rate will remain at 40 percent. If the company’s forecast is correct, how much will net income increase or decrease, as a result of the expansion?
A company has three existing warehouses to which it will ship furniture from a new factory whose location must be decided. The factory will receive raw materials from its wood supplier and fabric supplier. The annual number of shipments, shipment costs and the location of the suppliers and warehouses are shown below Existing facilities Annual L to or from fact cost Coordinate location Wood supplier 120 10 (100, 400) Fabric supplier 200 10 (800,700) Ware h 1 61 10 (300, 600) Ware h 2 40 10 (200, 100) Ware h 3 70 10 (600, 200) Using the median load answer the following questions –Where the factory should be located to minimize annual transportation cost –What will be the minimum annual transportation cost
3. Answer the followings. a. Myanmar CP Live Stock Company Limited Shipped Sausage boxes around Myanmar. A manager wants to forecast shipments for the first four months of the next two years by using Linear equation method. The monthly forecast equation being used is: y= 402 + 3x and determine trend amounts for the first four months of the next two year: January, x=24, February, x=25; etc. b. A farm implements dealer is seeking a fourth warehouse location to complement three existing warehouses. There are three potential locations, N.C; Atlanta, Ga.; and Columbia, S.C. Charlotte would involve a fixed cost of $4,000 per month and a variable cost of $4 per unit. Atlanta would involve a fixed cost of $3,500 per month and a variable cost of $5 per unit; and Columbia would involve a fixed cost of $5,000 per month and a variable cost of $6 per unit. Use of the Charlotte location would increase system transportation costs by $19,000 per month. Atlanta by $22,000 per month, and Columbia by…
1) Provide a schematic diagram for this alloy blending problem. (Indicate the problem data and the controllable variables/decision variables on the diagram). 2) Formulate a Linear Programming (LP) model that can be applied to determine the optimal input mix the foundry should smelt.
Explain how is the moving avarages l approach equivalent to exponential smoothing ?
A Manager has the problem of assigning four new machines to three production facilities.The respective profits derived are as shown. If only one machine is assigned to a productionfacility, determine the optimal assignment.Profits ($’000) production facilityMachine A B CA 10 10 14B 10 11 13C 12 10 10D 13 12 11(c) Use Simplex method toMaximize 1 2 Ζ = 4x +10xSubject to 1 2 2x + x ≤ 501 2 2x + 5x ≤1001 2 2x + 3x ≤ 901 2 x , x ≥ 0QUESTION TWO
The number of guests registered in a five star hotel for last ten years is shown in the following table. To project future occupancy, management would like to determine the mathematical trend of guest registration in order to decide whether future expansion is necessary. Develop a regression equation and forecast expected numbers of guests in 2020 and 2023. As an Operations Manager, what would you plan to comply with the forecasted demand? Table 4.1: Guest registration Year Number of guests 2009 17,000 2010 16,000 2011 16,000 2012 21,000 2013 20,000 2014 20,000 2015 23,000 2016 25,000 2017 24,000 2018 30,000 Helpful equations: where and where and
Oscar’s Bowling, Inc., wants to break into the Phoenix metropolitan market with one of its super-sized 200 lane, 24-hour bowling alleys. It, however, only has enough capital to build one facility. Oscar wants it to be centered by population, as determined by the center of gravity method. The following information is given: City Population x coordinate y coordinate Tempe Scottsdale Chandler Mesa Glendale 250,000 400,000 300,000 700,000 350,000 5 5 5 10 1 5 10 0 1 10 a. Where should Oscar build? b. If Oscar wanted to relocate to the closest city near his new facility, where would he live?