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Please read the case study - Operations Management Case Study - process.pdf " to learn the general areas of importance in process analysis. Understanding process is critical to creation of an efficient flow in designing manufacturing or services.
Please study the Case Study and answer the 8 questions in Appendix 2 on page 17.
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- Mt. Kinley is a strategy consulting firm that divides its consultants intothree classes: associates, managers, and partners. The firm has been stable in size for the last 20years, ignoring growth opportunities in the 90s, but also not suffering from a need to downsize inthe recession at the beginning of the 21st century. Specifically, there have been—and areexpected to be—200 associates, 60 managers, and 20 partners.The work environment at Mt. Kinley is rather competitive. After four years of working as anassociate, a consultant goes “either up or out”; that is, becomes a manager or is dismissed fromthe company. Similarly, after six years, a manager either becomes a partner or is dismissed. Thecompany recruits MBAs as associate consultants; no hires are made at the manager or partnerlevel. A partner stays with the company for another 10 years (a total of 20 years with thecompany).A. How many new MBA graduates does Mt. Kinley have to hire every year?B. What are the odds that a new hire…How does operations research improve the betterment of our society? And how can we link it to optimization?Jati Sdn Bhd (JSB) makes custom made furniture from quality woods. The company uses a joborder costing system and predetermined overhead rates to apply manufacturing overhead cost tojobs. Currently, JSB uses a plantwide overhead rate based on direct labor costs in estimating thecompany manufacturing overhead. The following estimated data have been made by JSB at thebeginning of the year 2020:DepartmentCosts Designing Machining FurnishingDirect labor hours 30,000 60,000 40,000Machine hours 20,000 40,000 30,000Direct labor costs RM150,000 RM100,000 RM200,000Direct materials costs RM190,000 RM400,000 RM250,000Manufacturing overhead costs RM270,000 RM400,000 RM50,000Job J12 was started on 1 January 2020 and completed on 31 March 2020. JSB’s cost records shownthe following information on the Job J12:DepartmentCosts Designing Machining FurnishingDirect labor hours 2,500 1,700 1,200Machine hours 1,500 3,200 2,000Direct labor costs RM12,000 RM18,500 RM15,000Direct materials costs RM15,000…
- Please complete all work in excel. Use excel to make any necessary calculations and be sure to identify the answer, including units (if necessary). The Pyrotec Company produces three small kitchen appliances – waffle makers, egg cookers, and toasters. The three products have the following requirements: Resource Requirements Metal Materials/unit Plastic Materials /unit Labor hours/unit Waffle maker 3.1 lb 0.5 lb .7 Egg cooker 1.5 lb 0.7 lb 1 Toaster 2.0 lb 0.3 lb .5 Resource costs are $3 per pound of metal, $2.90 per pound of plastic and $10.00 per hour for labor. Available resources are 200 pounds of metal, 250 pounds of plastic and 350 hours of labor. Based on market research, the company expects the maximum demand for waffle makers is 50 and for egg cookers is 75. The company has a contract to supply 25 toasters to a local department store. Waffle makers will be sold for 24.99, egg cookers will be sold for 19.99 and…Define and explain the main enterprise performance improvement conceptproposed by Goldratt in the Theory of Constraints (TOC) approach toproduction management. Explain how this approach differs fromconventional production management techniques.Answer using Polya's Strategy Solve the following problems using any method. (Must be reasonable process/solution) 1. Using eight eights and addition only, can you make 1000?
- Some of the successful companies (e.g. Ford, Toyota, Google etc) organize their production and operations functions around ten critical decision areas in operations. These areas are: Goods and services designQuality ManagementProcess and Capacity DesignLocationLayout DesignHuman Resources and Job DesignSupply Chain ManagementInventorySchedulingMaintenanceConsider a business (goods or services business) you are familiar with or search one online. Consider their operations function. Write a paragraph (5-8 sentences) on each of the 10 areas above on their operations functionDirect Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 50 employees. Each employee presently provides 32 hours of labor per week. Information about a production week is as follows: Standard wage per hour $12.00 Standard labor time per unit 15 min. Standard number of lbs. of brass 1.5 lbs. Standard price per lb. of brass $11.00 Actual price per lb. of brass $11.25 Actual lbs. of brass used during the week 11,124 lbs. Number of units produced during the week 7,200 Actual wage per hour $12.36 Actual hours for the week (50 employees × 32 hours) 1,600 Required: a. Determine the standard cost per unit for direct materials and direct labor. Round the cost per unit to two decimal places. Direct materials standard cost per unit $fill in the blank 1 Direct labor standard cost per unit $fill in the blank 2 Total standard cost per unit $fill in…What exactly is meant by the term "system model," and how are such models defined? While developing basic models, what considerations need to be given to the various factors?
- WAI knows from historical records that approximately 40percent of its labor is used in Department 101 and 60 percentis used in Department 102. Th e reverse is true of machine time;60 percent is used in Department 101 and 40 percent is used inDepartment 102.(a) Calculate the labor and machine hours needed inDepartment 101 for each period of the MPS developed inProblem 4.(b) Calculate the labor and machine hours needed inDepartment 102 for each period of the MPS developed inProblem 4.Please can u answer this true and false 1. The design capacity is often lower than the effective capacity. 2. To improve efficiency firms should train employees and correct quality problems. 3. Mass Customization processes are low volume and low variety 4. Process Strategies have long-term effects on efficiency and production flexibility 5. Continuous processes are high volume but a low variety of products. 6. Modules are parts or components of a product previously prepared, often in a continuous process. 7. Effective capacity is the number of units a facility can hold, receive, store, or produce ha pers 8. Utilization is the theoretical maximum output of a system in a given period under idea conctionsAt the end of Avondale Industries’ fiscal year, the training and development office reviewed its budget and found that, due to the cancellation of two training programs, there were still funds left to spend. With just two weeks in which to spend the money, the training director put together a program to train employees who were transferring from the avionics division to the new adhesives and sealants division. The training was held but there was not enough time to consult with managers in the adhesives and sealants division to set learning objectives for the skills needed in the new division. A month later, the training director was asked to provide another training as the employees did not have the knowledge, skills, and abilities for their new jobs. Why is it important that a thorough analysis of training needs be conducted prior to holding a training program? Understanding the needs of the new division will help supervisors identify which employees need the training the most.…