Afternoon shift does not blast it is solely for hoisting; four shifts monthly are used in the morning shift for maintenance. Is the planning feasible? Motivate using strategic planning principles.
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- Dongguk Furniture Is A Manufacturer Of Fine Hand-Crafted Furniture. During The Next Production Period, Management Is management is considering producing 3 products; dining room tables, dining room chairs, and/or bookcases. The time required for each item to go through the two stages of production (assembly and finishing), the amount of wood required (fine cherry wood), and the corresponding unit profits are given in the following table, along with the amount of each resource available in the upcoming production period. Formulate the objective functions and constraints determine the breakdown of each product and the expected profitLorraine has received a lump sum of R500 000.00 from her retirement fund. She intends to usethese funds to start a student accommodation business. In order to start this business, Lorrainewould need approximately R1 million, funds are needed for building the students accommodationapartments and to register with various regulatory bodies. She has to source additional funding inorder to realise this dream. In the business plan, Lorraine has outlined the following:• Accommodation will be offered ONLY to students in Cape Town, Johannesburg,Mpumalanga and Polokwane.• ONLY females will be approved to reside in these houses, between the age of 18 - 35.• Marketing of the business will be done on community Radio stations only at the fourmentioned cities.• It is going to be a family business, Friends and relatives are in support of the idea but arenot able to support the business financially There are three types of Market coverage. Explain the type of market coverageapplicable to Lorraine’s…11-23 Tom Schriber, the director of personnel of Manage-ment Resources, Inc., is in the process of designing a program that its customers can use in the job-findingprocess. Some of the activities include preparingresumés, writing letters, making appointments to seeprospective employers, and researching companiesand industries. The information on these activities isshown in the following table: (a) Construct a network for this problem.(b) Determine the expected time and variance foreach activity.(c) Determine ES, EF, LS, LF, and slack time foreach activity.
- The table below contains information about an environmental clean-up project in the township of Hiles. Shorten the project threethree weeks by finding the minimum-cost schedule. Assume that project indirect costs and penalty costs are negligible. Identify activities to crash while minimizing the additional crash costs. Activity Normal Time (weekweeks) Crash Time (weekweeks) Cost to Crash ($ per weekweek) Immediate Predecessor(s) A 55 44 300300 None B 77 44 5050 None C 77 66 300300 A D 77 66 250250 A E 11 11 long dash— B F 33 33 long dash— C, D G 55 44 200200 D, E H 44 22 200200 F I 22 22 long dash— G Part 2 Fill in the table below with the activity times after crashing to show the resulting schedule. (Enter your responses as…Sarah has a startup business that makes two distinct bird feeders that she has designed. Sarah is planning on operating a small factory to build the bird feeders. She is looking at two possible locations, A and B. If she chooses location A, the lease on the building will be higher than location B, thus leading to higher fixed costs than what she would have with location B. However, if she makes more than 20,000 units, both locations will likely have to be expanded, both the physical buildings and the manufacturing equipment. Variable costs to produce each unit will vary by location as well as by product. For example, the first design will have variable costs of $10 and $15 in locations A and B respectively, while the second bird feeder design will have variable costs of $20 and $25 respectively depending on location. However, she thinks that variable costs will decrease if she sells more than 5,000 units, as she will receive discounts from her suppliers at that point. She is unsure of…8. Janelle Heinke, the owner of Ha'Peppas!, is considering a new oven in which to bake the firm's signature dish, vegetarian pizza. Oven type A can handle 20 pizzas an hour. The fixed costs associated with oven A are $20,000 and the variable costs are $3.00 per pizza. Oven B is larger and can handle 40 pizzas an hour. The fixed costs associated with oven B are $32,500 and the variable costs are $1.50 per pizza. The pizzas sell for $15.00 each. Part 2 a) The break-even point in units for oven type A = _______units (round your response to the nearest whole number). b) What is the break-even point for each oven? c) If the owner expects to sell 9,000 pizzas, which oven should she purchase? d) If the owner expects to sell 12,000 pizzas, which oven should she purchase? e) At what volume should Janelle switch ovens?
- 10.6 This optional problem requires knowledge of statistics. Heywood Home Healthcare is evaluating a project with the following net cash flows and probabilities: Time 0 Year 1 Year 2 Year 2 Year 3 Year 4 Prob = 0.2 ($100,000) 20,000 20,000 20,000 20,000 30,000 Prob = 0.6 ($100,000) 30,000 30,000 30,000 30,000 40,000 Prob = 0.2 ($100,000) 40,000 40,000 40,000 40,000 50,000 The year 5 values include salvage value. Heywood’s corporate cost of capital is 10 percent. What is the project’s expected NPV on the basis of the scenario analysis? What is the project’s standard deviation of NPV? Assume that Heywood’s managers judge the project to have lower-than-average risk. Furthermore, the company’s policy is to adjust the corporate cost of capital up or down by 3 percentage points to account for differential risk. Is the project financially attractive?Mick Karra is the manager of MCZ Drilling products which produces a variety of especially valves for oil field equipment. Recent activity in the oil fields has cause demand to increase drastically, and a decision has been made to open a new manufacturing facility. Three locations are being considered, and the size of the facility would not be the same in each location Thus, overtime might be necessary at times. The following table gives the total monthly cost (in 1000s) for each possible location under each demand possibility. The probabilities for the demand levels have been determined to be 20% for low demand, 30% for medium demand, and 50% for high demand Demand is Low Demand is medium Demand is High Ardmore, OK 85 110 150 Sweetwater, TX 90 100 120 Lake Charles, LA 110 120 130 which location would minimize the expected opportunity loss?Mick Karra is the manager of MCZ Drilling products which produces a variety of especially valves for oil field equipment. Recent activity in the oil fields has cause demand to increase drastically, and a decision has been made to open a new manufacturing facility. Three locations are being considered, and the size of the facility would not be the same in each location Thus, overtime might be necessary at times. The following table gives the total monthly cost (in 1000s) for each possible location under each demand possibility. The probabilities for the demand levels have been determined to be 20% for low demand, 30% for medium demand, and 50% for high demand Demand is Low Demand is medium Demand is High Ardmore, OK 85 110 150 Sweetwater, TX 90 100 120 Lake Charles, LA 110 120 130 which location should be selected to minimize the expected cost of operation? How much is a perfect forecast of the demand worth? which location would…
- Mick Karra is the manager of MCZ Drilling products which produces a variety of especially valves for oil field equipment. Recent activity in the oil fields has cause demand to increase drastically, and a decision has been made to open a new manufacturing facility. Three locations are being considered, and the size of the facility would not be the same in each location Thus, overtime might be necessary at times. The following table gives the total monthly cost (in 1000s) for each possible location under each demand possibility. The probabilities for the demand levels have been determined to be 20% for low demand, 30% for medium demand, and 50% for high demand Demand is Low Demand is medium Demand is High Ardmore, OK 85 110 150 Sweetwater, TX 90 100 120 Lake Charles, LA 110 120 130 How much is a perfect forecast of the demand worth?Sandals Resorts International is planning to build a new family resort in Kingston, Jamaica. Thefollowing schedule of activities is required for the completion of this resort.ACTIVITY PREDECESSOR OPTIMISTIC MOST LIKELY PESSIMISTIC A ---- 3 4 5 B A 2 3 4 C A 4 5 6 D B 4 4 4 E B 2 5 6 F C, D, E 2 4 5 G…Two brothers have purchased a small lot, in the center of town, where they intend to build a gas station. The station will have two pumps, a service area for water and tire maintenance, and a main building with restrooms, office, and cash register area. Before they begin excavating the site, the local authorities must approve the location for a gasoline station and be certain that the placement of the storage tanks will not interfere with water, gas, and electric lines that are already in place.Once the site has been approved, the excavation can begin. After excavation, the three primary parts of the construction can begin: laying in the gasoline tanks, building the water and tire service area (including installation of the air compressor), and constructing the main building. The surfacing can begin after all building is completed. After surfacing, the site must be cleaned and the station’s signs erected. However, before the station can open for business, the air compressor must be…