An executive conference center has the physical ability to handle 1,500 participants. However, conference management personnel believe that only 1,300 participants can be handled effectively for most events. The last event, although forecasted to have 1,300 participants, resulted in the attendance of only 1080 participants. i. ii. Calculate the utilization rate of the conference facility. Calculate the efficiency of the conference facility.
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- An executive conference center has the physical ability to handle 1,100 participants. However, conference management personnel believe that only 1,000 participants can be handled effectively for most events. The last event, although forecasted to have 1,000 participants, resulted in the attendance of only 950 participants. What are the utilization and efficiency of the conference facility?In 2006, Shouldice Hospital admitted 14,965 patients. In 2007, a 20% increase in admissions is expected. Currently the hospital has 390 beds. Assume the hospital operates 365 days a year (and, please assume one patient per bed!).i. If the average patient stays in the hospital 8 days, how many beds were empty, on average, in 2006?ii. On average, how many beds do you expect to be empty in 2007?A small business owner is contemplating the addition of another product line. Capacity increases and equipment will result in an increase in annual fixed costs of $50,000. Variable costs will be $25 per unit.A) What unit selling price must the owner obtain to break-even on a volume of 2,500 units a year?B) Because of market conditions, the owner feels a revenue of $47 is preferred to the value determined in part A. What volume of output will be required to achieve a profit of $16,000 using this revenue?
- 31 please help me please!A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 19,200 units output each month. However, it has an absolute maximum output capability of 23,000 units per month, and can produce as little 7,000 units per month without corporate headquarters shifting production to another plant. If the factory produces 13,280 units ir October, what is the capacity utilization rate in October for this factory? Note: Round your answer to 1 decimal place.Determine the utilization and the efficiency for each of these situations:a. A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 10 loans per day and an effective capacity of 8 loans per day.b. A furnace repair team that services an average of four furnaces a day if the design capacity is six furnaces a day and the effective capacity is five furnaces a day.c. Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems? Explain.A regional bank training center has the physical ability to handle 1,300 participants. However, management personnel believes that only 1,100 participants can be handled effectively for most training sessions. The last training session, although forecasted to have 1,000 participants, resulted in the attendance of only 990 participants. Calculate the utilization and efficiency of the training facility.
- A manager must decide which type of machine to buy, A, B, or C. Machine costs are as follows: Machine CostA $40,000B $30,000C $80,000Product forecasts and processing times on the machines are as follows: Processing Time per Unit (minutes) Product Annual Demand A B C 1 16000 3 4 2 2 12000 4 4 3 3 6000 5 6 4 4 30000 2 2 1 a.) Assume that machines operate 10 hours a day, 250 days a year. If we only consider purchasing costs, which machine would have the lowest total cost? b.) Assume machines operate 10 hours a day, 250 days a year. If we select machine A, how many machine A do we need? (Use common sense to decide the answer.)A regional bank training center has the physical ability to handle 1,300 participants. However, management personnel believe that only 1,100 participants can be handled effectively for most training sessions. The last training session, although forecasted to have 1,000 participants, resulted in the attendance of only 990 participants. Calculate the utilization and efficiency of the training facility.36. This risk stems from the unavailability of raw materials, IT, skilled labor, facilities, or other resources that threaten the organization's ability and capacity to continue operations. Group of answer choices None of the choices Product or service failure risk Availability risk Business interruption risk Commerce risk
- Partial Operational and Financial Productivity Software Solution (SOS) helps subscriberssolve software problems. All transactions are made over the telephone. For the year 2018, 10 engineers, most of whom are recent graduates, handled 100,000 calls. The average yearly salary for software engineers was $45,000. Starting in 2019, the firm retained and hired only software engineerswith at least 2 years of experience. SOS raised the engineers’ salary to $60,000 per year. In 2019,eight engineers handled 108,000 calls.Required Carry all computations to 4 digits after the decimal point.1. Calculate the partial operational productivity ratio for both years.2. Calculate the partial financial productivity ratio for both years.- 1 -Production & Operation ManagementHome Assignment 2Deadline : May 22nd(Mon) 2022, 23:591. (10-10) A cafeteria serving line has a coffee urn (like a system) from whichcustomers serve them selves. Arrivals at the urn follow a Poisson distribution at therate of 3 per minute. In serving themselves, customers take about 15 seconds,exponentially distributed.(a) How many customers would you expect to see, on average, at the coffee urn?(b) How long would you expect it to take to get a cup of coffee?(c) What percentage of time is the urn being used?(d) What is the probability that 3 or more people are in the cafeteria?2. (10-9) The Heart Association plans to install a free blood pressure testing booth.Previous experience indicates that, on average, 10 persons per hour request a test.Assume arrivals are Poisson distributed from an infinite population. Blood pressuremeasurements can be made at a constant time of 5 minutes each.(a) What average number in line can be expected?(b) What…c. An airline company must plan its fleet capacity and long-term schedule of aircraft usage. For oneflight segment, the average number of customers per day is 70, which represents a 65 percentageutilization rate of the equipment assigned to the flight segment. If demand is expected toincrease to 84 customers for this flight segment in three years, and management requires acapacity cushion of 25 percent, calculate the following:-i. the planned capacity requirement.ii. the maximum number of customers the flight segment can accommodate.iii. the efficiency rate of the flight segment assuming that the current effective capacity of theflight segment is 93 customers.