and profit maximizati
Q: esses that occur in the industry, describe the tools and the sales of the products produced?
A: Essential oils and perfumes
Q: Although organizational change is a universal and an inevitable phenomenon, it rarely occurs in a…
A: A durable planning could be analyzed over the broad collection of variables of plan thought about…
Q: What are the standard devices for sample quality assessment?
A: There are a number of different devices that can be used for assessing the quality of a sample.…
Q: mployees level of motivation is measured by their a. efficiency b. productivity c. sense of…
A: Motivation means different things to different people. It generally means the willingness to put in…
Q: Question 9 Given the below network, what is the maximum flow from node 1 to node 6? 12 20 10 18 16…
A: Maximum flow issues in optimization theory involve finding a viable flow through a flow network that…
Q: "In conclusion, I congratulate the country upon the fraternal spirit of the people and the…
A: The question is related meaning of Manifestation
Q: QI: For the project listed below, find the following items: 1- Total project finishing time 2-…
A: As per our guidelines, we are supposed to answer only three sub-parts if multiple sub-parts are…
Q: with quality tools and techniques indicate which tool can be use to assist in analyzing the…
A: In the healthcare industry, quality is defined as the right treatment, at right time, to the right…
Q: A plastic company operates 300 days a year. It produces and supplies 300,000 plastic caps for soft…
A: Here, given the total number of days=300 days, the annual demand=300000 plastic caps, the daily…
Q: The Solver sensitivity report can be used for sensitivity analysis. In a pure Binary Integer Program…
A: Sensitive analysis helps in getting the optimal solution with any change in the model of the…
Q: There are a number of methods for growing a firm. Compare and contrast three methods of firm growth…
A: Growth in an organization is an important aspect in order to ensure the survival and profitability…
Q: A procedure in one of the company's functional areas is now being developed using Internet…
A: E-Business permits organizations to interface their inside and outer cycles all the more…
Q: Acme Batteries is introducing a new line of batteries for electric vehicles. The first battery cell…
A: Find the Given details below: Given details: Firat battery cell cost ($) 120 Learning rate…
Q: Workers have an ability to pull the Andon cord during the production process to prevent…
A: The name "Andon" stems from the usage of outdated lighting equipment, such as a fire-burning lamp…
Q: a. What is the Economic order quantity? b. What is number of times the company will order? c. What…
A: Here, I have been given the following data, Annual demand=6582 units, The ordering cost for each…
Q: Would a data series that contains values grouped into 10 categories be better displayed as a pie…
A: A column chart is nothing but a graphical representation of information and data. The column chart…
Q: DATE 2020 kinds (oans fo its peronal annual A. bank make oF Four Gustameaand there lo ans ield rates…
A: Let, F = Amount of lending in the first mortgage (in million £) S = Amount of lending in the second…
Q: write example and explain how they are used: 7. BRAINSTORMING 8. NOMINAL GROUP TECHNIQUE
A: Project management is described as the framework that allows guidance to a team and provides them…
Q: What are some examples of successful strategies an integrated delivery system could employ to…
A: An integrated delivery system is a company that gives a scale of healthcare services to patients. It…
Q: Draw the network diagram and determine the minimum total time (in weeks) using the concept of…
A: Project crashing is a process which helps to reduce the total project completion time using…
Q: One of the benefits of having one centralized warehour as opposed to multiple regional warehouses is…
A: When a retailer chooses to keep their goods at a single site or a few significant facilities…
Q: Could you please explain the Service Process Structuring
A: The service process structuring is done as a part of the process strategy, the main objective is to…
Q: The waste treatment industry is growing rapidly. Hospital and industrial wastewater treatment is…
A: The water treatment industry is a rapidly growing industry due to the increasing awareness of the…
Q: P7-What type of data could be used to monitor the performance of a restaurant such as McDonald's…
A: In this question, I would describe the type of data that can be used to monitor the performance of a…
Q: Please provide definitions for the following expressions in the context of formal meetings:…
A: A formal meeting is an assembly of two or more people to take decision or action. The meeting takes…
Q: M3-evaluate how TPS has impacted on the success of Toyota
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Suppose you have a process that requires 20 minutes for start up, 13 minutes for Task #1, 15 minutes…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Develop a network representation of this problem. Develop a linear programming model that can be…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: “Pay for performance” is a principle many people agree with. What conditions need to be met in order…
A: Various conditions that are needed to be met in order for the principle of "Pay for performance"…
Q: Explain the principles and work processes in ISO 30001/31000 in minimizing business risk!
A: Business risks are the possible factors that can cause loss due to certain reasons. Business risk…
Q: a limited liability ement, the memb the withdrawal.
A: In Violation of the operating Agreement
Q: provides domestic and international air transport services. Explain the five services outputs…
A: At the beginning of Qatar Airways' existence, it was launched on November 22, 1993. With more than…
Q: What considerations should be kept in mind when doing work sampling studies?
A: Work sampling is a widely used technique in manufacturing industries to determine the time spent and…
Q: Detail the characteristics of the Just in Time system while providing several illustrative…
A: If a task takes longer than planned or a damaged item is detected in the system, the Just In Time…
Q: gy of Alibaba Group: Th
A: As an e-commerce giant, the Alibaba Group has made significant progress. The company was founded in…
Q: Impact of incentive programs on digital platforms (Uber/Rappi/Door Dash/Uber Eats/Lyft) -How to…
A: Impact of incentive programs on digital platforms: Fruitful projects rely upon giving prizes that…
Q: 1- Total project finishing time 2- Critical path 3- Free float for each task.
A: A project schedule network diagram shows the sequence of the task that are performed to complete a…
Q: Directors and officers owe what kind of duty to the corporation? Group of answer choices A.…
A: Directors are fiduciaries because they have responsibility over the property of others. As a result,…
Q: The Ngo Farms produces its own natural organic fertilizer, which it sells mostly to the gardeners…
A: Total inventory cost is constituted by sum of total annual holding cost and total annual setup cost.…
Q: Based on the table above, what is the cost of hiring workers for the 3rd period?
A: Since this is a case of hiring and firing, this is categorized as a chase plan. Formulate a…
Q: Compare and contrast the project evaluation and review technique (PERT) with the critical path…
A: A project activity duration can de identified using two different methods such as Project Evaluation…
Q: A manager wants to determine an appropriate learning percentage for processing insurance claims for…
A: Given data: Repetition 1 2 3 4 5 6 Time (minutes) 50 46 43 38 37 34
Q: Required: • Set up the linear programming model. • Determine the product mix that produces the…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Which of the following can affect the ways in which learning curves may be applied? Multiple Choice…
A: A learning curve can be stated as the notion or conception that graphically represents the…
Q: In process improvement efforts, cost of quality is a means to quantify the total cost of…
A: The following are some probable causes of high quality-related costs: 1. Poor quality leads in…
Q: An online footwear firm Shoe-n-co has four regional warehouses. Demand at each warehouse is normally…
A: Given, Weekly demand, = 10000 Standard deviation, STD = 2000 Ordering cost, o = $1000 Holding cost…
Q: Susan Solomon has been thinking about starting her own fuel station, but Susan's problem is to…
A: Given data:
Q: steps involved in the design of a questionnaire
A: A research questionnaire is a type of a research instrument which consists of a series of questions…
Q: 1. What is the optimal number of motors that Phillips's managers should order according to the E0Q…
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: Component of the project activities described in the following table, the critical path of the…
A:
Do operating strategies of average cost minimization and profit maximization always lead to identical levels of output?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s cash-to-cash conversion cycle under the following assumptions: sales of $23.5 million, cost of goods sold of $20.8 million, 50 operating weeks a year, total average on-hand inventory of $2,150,000, accounts receivable equal to $2,455,000, and accounts payable of $3,695,000. What do you conclude? What would be the impact of reducing the accounts payable from $3,695,000to $2,000,000 and all other data remained the same?A 25,000-seat college football stadium is used 20 times for games. Each event averages four hours and assumes the stadium is at 80% capacity for each event. The stadium is available 365 days a year from 8 a.m. to midnight. Use Equation 11.1: Utilization (U) = Resources Used/Resources Available Perform calculations. Provide calculations used and numerical response to #1. Provide detailed response for #2 (min one good paragraph.) What is the seat utilization? (Be careful here, this is total seat utilization. Be cautious when determining availability. Be specific.) As an operations manager, what could you do to improve seat utilization?Would the choice of denominator level affect the amount of the fixed factory overhead budget variance? Fixed overhead production volume variance? Explain
- Salad Daze maintains an inventory of produce worth $380. Its total bill for produce over the course of the year was $71,000. How old on average is the lettuce it serves its customers?. Describe the following costs and discuss the difficulties that arise in attempting tomeasure them in a real operating environment.a. Smoothing costsAs an operations management consultant, you have been asked to evaluate a furniture manufacturer’s cash to cash conversion cycle under the following assumptions: sales of $23.5 million, cost of goods sold of $20.8 million, 50 operating weeks a year, total average on hand inventory of $2,150,000, accounts receivable equal to $2,455,000, and accounts payable of $3,695,000. What do you conclude? What recommendations can you make to improve performance? What would be the impact of reducing the accounts payable from $3,695,000to $2,000,000 and all other data remained the same? Please show in detail these impacts quantitatively in your answers.
- Relative Market Share. Penetration Please show the solution and formula used. Tia Beauty Salon serves an approximate 1,200 customers annually. These are the breakdown of its customers: Teens - 500 Middle Age - 450 Senior Citizen - 250 All customers spend an average of Php500.00 per visit. Assuming the customers visit ABC Salon every 2 months, what is the projected annual market size for Beauty Salon? However, during the 3-month lockdown, salons are not allowed to operate. What is the projected loss in revenues for ABC Salon?Al's Donuts produces about 600 dozen doughnuts daily. If flour prices increase 20 percentAn airline’s load factor refers to Multiple Choice the percentage of empty seats on a plane compared to its total capacity. the total of all paid seats plus all luggage overcharges and all purchased beverages, meals, and other amenities or additional services, per flight. the percentage of paying customer seats flown one mile plus frequent flyer redemption seats flown one mile. the percentage of available seats flown one mile occupied by a paying customer. the percentage of seats that are overbooked on any given flight to prevent profit shortfalls for “no shows.”
- Easy Clean operates a chain of dry cleaners. It is experimenting with the use of a continuousimprovement (i.e., kaizen) budget for operating expenses. Currently, a typical location has operatingexpenses of $10,000 per month. Plans are in place to achieve labor and utility savings. The associatedoperational changes are estimated to reduce monthly operating expenses by a factor of 0.99 beginningin January. What is the estimated operating expenses for January? For June? For December?Basil's Framing manufactures picture frames in one workshop, which has a practical capacity of 40,000 frames. The variable cost of a frame is $24 per unit, and the fixed costs of the workshop are $392,000 annually. Current annual demand is 28,000 frames. Basil's Framing bought the current workshop because of forecasts that demand for the frames would grow. Required: a. What cost per frame should the cost system report to facilitate management decision making?Annie bought one dozen smartphones for 200,000 pesos with a discount of 5%. She sold half dozen at a price of 18,000 pesos per unit. However, a new model of smartphone became available in the market, so she sold the remaining half dozen at 12,000 pesos each unit. What was her profit or loss? Compute the following requirements: a. Gross profit rate b. Operating profit margin rate c. Net profit margin rate d. Return on investment