Choose the correct answer: Customer satisfaction is one of the factors considered in balanced scorecard, one way to increase this is to decrease the delivery cycle time in order that customers may receive their orders as fast as possible, one way to decrease this and increase manufacturing cycle efficiency is to: None of the above Decrease production time Decrease move time Decrease wait time

Choose the correct answer: Customer satisfaction is one of the factors considered in balanced scorecard, one way to increase this is to decrease the delivery cycle time in order that customers may receive their orders as fast as possible, one way to decrease this and increase manufacturing cycle efficiency is to: None of the above Decrease production time Decrease move time Decrease wait time

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section4.8: Data Envelopment Analysis (dea)

Problem 42P

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I need the excel formulas for the following, please! A concession stand manager at a baseball game must decide whether to have the souvenir vendors sell sun visors or umbrellas. There is a 30% chance of rain, a 15% chance of clouds, and a 55% chance of sunshine, according to weather predictions for the game. Because supplies can only be ordered 3 days before each game, the stand manager is unable to waituntil the day before the game to acquire the materials to be sold. The manager estimates the following profits will result from each decision, given the weather conditions. Given the following table, select the best decision using the following decision criteria.• Maximin• Maximax• Maximum likelihood criterion• Bayes’ decision rule Decision Rain Cloudy Sunny Sun Visors $-500 $-200 $1,500 Umbrellas $2,000 $0 $-900 Prior Probabilities 0.30 0.15 0.55
ABC Manufacturing is evaluating the desirability of implementing process improvements and is seeking your help in determining whether it should proceed with the proposed improvements. One area of focus is how the improvements will affect processing time (manufacturing cycle time efficiency). Estimated activities and associated times for these activities under both the current process and after process improvements are as follows: Process Activity Current Process After Process Improvements Wait time 4 hours 1 hour Inspection 40 minutes 5 minutes Moving 80 minutes 20 minutes Processing (manufacturing) 2 hours 75 minutes Required: 1. Determine the manufacturing (production) lead time (in minutes) for each of the two decision alternatives. 2. Determine the manufacturing cycle efficiency (MCE) for each decision alternative.
An automated machine runs for an 8-hr shift and requires an operator to run it. There are a few planned breakouts such as a 45-minute lunch break and a 10-minute production update break in the morning and a15-minute break during the shift. There are unplanned breakdown reports that have shown a repeatable average of 50 minutes per shift. The machine requires 25 minutes of tooling changeover and 25 minutes for adjustments to get a good product yield. Idling & minor stoppages account for an average of 10 minutes per shift. The machine only produces 3% defective product which includes any start-up adjustment losses. Calculate the Overall Equipment Effectiveness (OEE) for the equipment given the data.
Mukukulu Co uses a variance analysis system to monitor its performance. In a certain month the following data applies: – 1·4 tonnes of Raw material are needed at a cost of K60 per tonne – It takes 2 labour hours of work to produce 1 tonne of finished product and labour is normally paid K18 per hour. Idle time is expected to be 10% of hours paid; this is not reflected in the rate of K18 above. – 2 hours of variable overhead at a cost of K30 per hour – The standard selling price is K240 per tonne Budget information for the month is – Fixed costs were budgeted at K210,000 for the month – Budgeted production and sales were 8,400 tonnes The actual results for the month were as follows: Actual production and sales were 8,000 tonnes – 12,000 tonnes of raw material were bought and used, costing K660,000 – 15,800 labour hours were paid for, costing K303,360 – 15,000 labour hours were worked – Variable production overhead cost K480,000 – Fixed costs were K200,000 – Sales revenue achieved was…
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On a CVP chart, the slope of the line which starts at the level of fixed costs and slopes upwards is the: O variable cost per unit O fixed cost per unit O total cost per unit
Tailwind, Inc., produces high-quality but expensive training shoes for runners. The Tailwind shoe, which sells for $210, contains both gas- and liquid-filled compartments to provide more stability and better protection against knee, foot, and back injuries. Manufacturing the shoes requires 10 separate tasks. There are 400minutes available for manufacturing the shoes in the plant each day. Daily demand is 62.The information for the tasks is as follows: Task Performance Time (mins) Predecessors A 1 − B 3 A C 1 B D 4 B E 1 C, D F 3 A G 2 F H 5 G I 3 E, H J 2 I a-b) The correct precedence relationship with one of the possible assignments of tasks using the "ranked positionedweight" to workstations is shown in Fig 1, 2 or 3 c) The efficiency of the assembly line with 5 workstations shown in the figure…
The sales forecast for a certain product being sold at P300/bundle is P25M/month. Each bundle has 100 packs with a weight of 30grams/pack. The product undergoes the following manufacturing processes: PROCESS CAPACITY/UNIT COST/UNIT EFFICIENCY Kneading 200kg/hr P800,000 85% Cutting 60kg/hr 600,000 90 Drying 500kg/hr 1,200,000 100 Seasoning 75kg/hr 100,000 100 Packaging 2,400packs/hr 250,000 95 If the company is operating at 25 days/month @ 24-hour operation, how much money is needed for the procurement of the machines? How many factory workers are needed in a 2-shift operation if kneading requires 2 operators, cutting - 2, drying - 1, seasoning - 1 and packaging - 3?
Manufacturing Company uses FIFO method of accumulating costs in a two-department process. Materials are introduced at the inception of the process except for a special material which is added in department 2 at 60% completion as to overhead. Inspection is done at the end of the process in both departments. Production data for Department 2 are given below: In process, beginning, (80% labor, 70% overhead)2,000 Transferred in 14,900 In process, ending (40% labor, 20% overhead) 3,000 Normal spoilage 200 Abnormal spoilage (found at 30% completion as to laborand 15% as to overhead due to internal failure) 400 Cost data for the month:In process beginning:Transferred in 15,020 Special materials 1,900 Direct labor 4,388 Overhead 11,044 Current costs:Transferred in 137,080 Special materials 14,030 Direct labor 46,000 Overhead 113,564 The cost of units transferred to finished goods is?The cost of spoilage charged to revenue is?
Tailwind, Inc., produces high-quality but expensive training shoes for runners. The Tailwind shoe, which sells for $210, contains both gas- and liquid-filled compartments to provide more stability and better protection against knee, foot, and back injuries. Manufacturing the shoes requires 10 separate tasks. There are 400 minutes available for manufacturing the shoes in the plant each day. Daily demand is 64. The information for the tasks is as follows: Task Performance Time (mins) Predecessors A 1 − B 3 A C 1 B D 4 B E 1 C, D F 3 A G 2 F H 5 G I 1 E, H J 3 I a) The efficiency of the assembly line with 5 workstations shown in the figure chosen above=(enter your response as a percentage rounded to one decimal place). b) The idle time for the assembly line per cycle =minute(s) (enter your…
Concord, Inc. is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $12, while the cost of assembling each unit is estimated at $14. Unassembled units can be sold for $59, while assembled units could be sold for $65 per unit. What decision should Concord make? Process further; the company will save $8 per unit. Sell before assembly; the company will save $8 per unit. Sell before assembly; the company will save $4 per unit. Process further; the company will save $6 per unit.