Currently they have 5 refrigerated trucks and planning to expand as market for their services is on the rise. The fixed cost of their operations is $1,200,000 per year covering managerial, administrative, insurance, and other related expenses at their headquarters. Every truck has approximately $100,000 annual expense for lease, maintenance, and insurance. The variable cost of operation f
Q: b) If a 2-year moving average is used to make the forecast, the MAD based on this = miles (round…
A: Moving average forecast is a method of forecasting which helps to predict the uncertain future. In…
Q: Describe the role of predictive maintenance in enhancing system reliability
A: In field of operations management, enhancing system reliability is a top priority. Predictive…
Q: The monthly sales (in units) for a refrigerator in April 2021 through September 2021 were as…
A: Month (2021)SalesApril42May56June49July41August56September59
Q: The Demand for Krispee Crunchies, a favorite breakfast cereal of people born in the 1940s, is…
A: Here we find a forecast line that best fits the data points representing the actual. Best fit means…
Q: Flora Co sells bunches of fresh flowers which have a limited shelf life so forecasting sales demand…
A: Find the given details below: Given details:Number of BunchesMarket ConditionsPoorGoodExcellent250…
Q: A small company heats its building using a gas furnace. It expects to spend $9,020 on natural gas…
A: Amount spent on natural gas = $9020Increase in cost of natural gas every year = 10%Maintenance Cost…
Q: A linear programming computer package is needed. The Westchester Chamber of Commerce periodically…
A: ConstraintTelevisionRadioNewspaperAudience per advertisement300,00054,000120,000Cost per…
Q: Analyze the advantages and disadvantages of implementing a predictive maintenance strategy in the…
A: The implementation of predictive maintenance solutions has emerged as a crucial development in the…
Q: 1. In an office setting, you do not need to worry about tattoos as long as: A. You don't have too…
A: 1. In an office setting, you do not need to worry about tattoos as long as: C. They are not…
Q: How did you calculate it
A: Here, I will consider the metric % customer questions, The percentage in the table can present the…
Q: Define virtualization and explain its key benefits in terms of resource utilization and management.
A: Virtualization is the approach that helps multiple virtual models or environments run on a single…
Q: Total Productivity ($) Labor Productivity ($) Material Productivity ($) Productivity Growth (%)…
A: The concept of productivity is used to measure the units produced, either in number or in $,…
Q: The S&OP team at Kansas Furniture, has received estimates of demand requirements as shown in the…
A: Plan A is the steady production rate plan, in which the production is set to a specific quantity,…
Q: The following table shows the past two years of quarterly sales information. Assume that there are…
A: Find the given details below: Given details:YearQuarterSales1121622333283418025160619171528139
Q: (a) Draw a network diagram for the following activities. (b) What is the length of the critical…
A: The critical path is a path on which the activities cannot be delayed. The delay in these activities…
Q: I Love Lucy: A Colorized Celebration - "Job Switching" clip https://youtu.be/K3axU2b0dDk Watch this…
A: In the "I Love Lucy" episode titled "Job Switching," Lucy and Ethel work in a candy factory on an…
Q: What are the core principles of the RAD (Rapid Application Development) system model approach, and…
A: In today's fast-paced world, businesses and the organizations often require software applications to…
Q: How does Kanban visualize work in a system?
A: Kanban is a potent visual management technique that is utilized in many different sectors to…
Q: 1.1 Calculate the Manatee Splash's efficiency percentage? Enter your answers as a decimal i.e. 18%…
A: Capacity of machine = 3000 bottles per hrEffective capacity = 2500 bottles per hrActual output =…
Q: Kimpel Products makes pizza ovens for commercial use. James Kimpel, CEO, is contemplating producing…
A:
Q: Dave Fletcher was able to determine the activity times for constructing his laser scanning machine.…
A: Projection completion time is the expected duration that is required by an organization to finish a…
Q: A transport company is considering the purchase of new vehicles for providing transportation between…
A: Linear programming involves determining the values of decision variables that will give the optimal…
Q: Describe
A: Project management is an organised method to planning, carrying out, and supervising IT projects. To…
Q: Leilani Lavender's law office has traditionally ordered ink refills 65 units at a time. The firm…
A: Annual demand (D) = 235 unitsCarrying Cost per Unit (H) = 45% * $9 = $4.05EOQ (Q) = 65 units
Q: What are the primary challenges organizations face when trying to extract insights from large-scale…
A: Organizational strategies help in matching the actions of an organization with the goals and mission…
Q: The purchasing department can reduce order quantity and work wtih suppliers to deliver purchases…
A: First, let me state the given data, Make optionBuy optionFixed cost1250005000variable cost1517I…
Q: check-processing center uses exponential smoothing to forecast the number of incoming checks each…
A: Forecasting is knowing the part of future events by making predictions and estimates based on…
Q: Dave Fletcher was able to determine the activity times for constructing his laser scanning machine.…
A: A network diagram shows the link between each task and the duration taken by each activity with…
Q: The flow rate through a process is 0.5 flow units per minute. The number waiting for the process is…
A: Find the given details below: Given details:Flow rate0.5minutesNumber of waiting for the…
Q: When using a column chart it is best to use_ over 25 bars. no more than 10 bars. 20 bars or less.…
A: Business charts are the visual representation of the data that is used by the organization to convey…
Q: iven this data, compute the standard cost for one seafood dinner. What would the suggested menu…
A: Standard cost is the predetermined cost that a company expects to incur while producing goods and…
Q: Using the following table, perform ALL FIVE of the techniques for decision-making under Uncertainty:…
A: Mathematic models of decision-making help businesses make the correct decisions for their…
Q: How does the Kanban system model differ from Scrum in Agile project management, and under what…
A: The Kanban system model and Scrum are both Agile project management methodologies, but they have…
Q: 3. Compute the multifactor productivity measure for each of the weeks shown for production of…
A: Productivity is the relationship between the volume of the input and output that is calculated in…
Q: A decision now needs to be made about the shipping plan for how many units to ship from each factory…
A: Linear programming (LP) is a mathematical optimization technique that helps solve problems where an…
Q: 18 eBook Print eferences A tourist center is open on weekends (Friday, Saturday, and Sunday). The…
A: Scheduling is the process of assigning the tasks which should be completed in a given time period.…
Q: A company produces two commodities. For both commodities three kinds of raw materials are needed.…
A: In this question we have been tasked with formulating and implementing linear optimization models…
Q: Question 3 Manatee Splash has received a demand forecast for next month for 300,000 bottles. Fixed…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: Borges Machine Shop, Inc. has a 1-year contract for the production of 200,000 gear housings for a…
A: Given, The cost of general-purpose equipment is as follows,Annual contracted unit = 200,000Annual…
Q: What is the role of a production manager in a manufacturing company?
A: Production management is the control of a company's manufacturing process with the goal of boosting…
Q: American Red Cross wants to determine the least expensive way to transport available blood donations…
A: Find the given details below:
Q: Kilgore's Deli is a small delicatessen located near a major university. Kilgore's does a large…
A: Based on the given data,Total profit = Profit per Wimpy x No. of Wimpys sold + Profit per Dial 911 x…
Q: Figure 10-1 above represents the stages of the product life cycle. What does the section of the…
A: The product life cycle deals with marketing and product management defining the stages a product…
Q: Imagine you could take a tour of the Tesla plant. To prepare for this tour, draw a simple process…
A: NOTE: We are allowed to do only 3 subparts. Output = 500 Time in the process = 3-5 daysNumber of…
Q: CPU-on-Demand (CPUD) offers real-time high-performance computing services. CPUD owns 1 supercomputer…
A: Waiting time helps in identifying the actual time spent by the customers at the service counter…
Q: How can organizations use benchmarking to improve their planning and performance?
A: Organizations consist of several employees who work together for the fulfillment of organizational…
Q: Explain the concept of preventive maintenance in a manufacturing environment and provide examples of…
A: A proactive method called preventive maintenance is used in manufacturing settings to guarantee the…
Q: Flora Co sells bunches of fresh flowers which have a limited shelf life so forecasting sales demand…
A: Find the given details below: Given details:Number of BunchesMarket ConditionsPoorGoodExcellent250…
Q: Based on your reading and study, how can you use a PESTEL analysis to influence strategic…
A: Success in the always-changing world of business and organizations depends heavily on one's capacity…
Q: Discuss the concept of "zero unplanned downtime" in the context of advanced maintenance strategies.…
A: The importance of minimizing interruptions and maximising operating efficiency cannot be overstated…
on the rise. The fixed cost of their operations is $1,200,000 per year covering managerial,
administrative, insurance, and other related expenses at their headquarters. Every truck has
approximately $100,000 annual expense for lease, maintenance, and insurance. The variable
cost of operation for each truck is $3.50 per mile covering fuel and truck driver’s pay. The
maximum mileage capacity of each truck is 200,000 miles per year and current demand is
1,000,000 miles per year. The company charges $10.00 per mile for a fully loaded truck
shipment. Construct an Excel cross tabulation table to find profit for this company using 6 to 14
trucks and mileage demand of 1,000,000, 1,500,000, 2,000,000, 2,500,000, 3,000,000, and
3,500,000 miles per year. Based on the table find the optimal number of trucks needed for above
listed mileage demands.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- Lemingtons is trying to determine how many Jean Hudson dresses to order for the spring season. Demand for the dresses is assumed to follow a normal distribution with mean 400 and standard deviation 100. The contract between Jean Hudson and Lemingtons works as follows. At the beginning of the season, Lemingtons reserves x units of capacity. Lemingtons must take delivery for at least 0.8x dresses and can, if desired, take delivery on up to x dresses. Each dress sells for 160 and Hudson charges 50 per dress. If Lemingtons does not take delivery on all x dresses, it owes Hudson a 5 penalty for each unit of reserved capacity that is unused. For example, if Lemingtons orders 450 dresses and demand is for 400 dresses, Lemingtons will receive 400 dresses and owe Jean 400(50) + 50(5). How many units of capacity should Lemingtons reserve to maximize its expected profit?Seas Beginning sells clothing by mail order. An important question is when to strike a customer from the companys mailing list. At present, the company strikes a customer from its mailing list if a customer fails to order from six consecutive catalogs. The company wants to know whether striking a customer from its list after a customer fails to order from four consecutive catalogs results in a higher profit per customer. The following data are available: If a customer placed an order the last time she received a catalog, then there is a 20% chance she will order from the next catalog. If a customer last placed an order one catalog ago, there is a 16% chance she will order from the next catalog she receives. If a customer last placed an order two catalogs ago, there is a 12% chance she will order from the next catalog she receives. If a customer last placed an order three catalogs ago, there is an 8% chance she will order from the next catalog she receives. If a customer last placed an order four catalogs ago, there is a 4% chance she will order from the next catalog she receives. If a customer last placed an order five catalogs ago, there is a 2% chance she will order from the next catalog she receives. It costs 2 to send a catalog, and the average profit per order is 30. Assume a customer has just placed an order. To maximize expected profit per customer, would Seas Beginning make more money canceling such a customer after six nonorders or four nonorders?The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. Can you guess the results of a sensitivity analysis on the initial inventory in the Pigskin model? See if your guess is correct by using SolverTable and allowing the initial inventory to vary from 0 to 10,000 in increments of 1000. Keep track of the values in the decision variable cells and the objective cell.
- The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. As indicated by the algebraic formulation of the Pigskin model, there is no real need to calculate inventory on hand after production and constrain it to be greater than or equal to demand. An alternative is to calculate ending inventory directly and constrain it to be nonnegative. Modify the current spreadsheet model to do this. (Delete rows 16 and 17, and calculate ending inventory appropriately. Then add an explicit non-negativity constraint on ending inventory.)The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. Modify the Pigskin model so that there are eight months in the planning horizon. You can make up reasonable values for any extra required data. Dont forget to modify range names. Then modify the model again so that there are only four months in the planning horizon. Do either of these modifications change the optima] production quantity in month 1?Weenies and Buns is a food processing plant which manufactures hot dogs and hot dog buns. They grind their own flour forthe hot dog buns at a maximum rate of 200 pounds per week. Eachhot dog bun requires 0.1 pound of flour. They currently have a contract with Pigland, Inc., which specifies that a delivery of 800pounds of pork product is delivered every Monday. Each hot dogrequires pound of pork product. All the other ingredients in thehot dogs and hot dog buns are in plentiful supply. Finally, the laborforce at Weenies and Buns consists of 5 employees working fulltime (40 hours per week each). Each hot dog requires 3 minutes oflabor, and each hot dog bun requires 2 minutes of labor. Each hotdog yields a profit of $0.80, and each bun yields a profit of $0.30.Weenies and Buns would like to know how many hot dogsand how many hot dog buns they should produce each week so asto achieve the highest possible profit.(a) Formulate a linear programming model for this problem.D,I (b) Use the…
- The Scottsville Textile Mill produces several different fabrics on eight dobby looms that operate 24 hours per day and are scheduled for 30 days in the coming month. The mill will produce only Fabric 1 and Fabric 2 during the coming month. Each dobby loom can turn out 4.65 yards of either fabric per hour. Assume that there is a monthly demand of 16,000 yards of Fabric 1 and 12,000 yards of Fabric 2. Profits are calculated as 33¢ per yard for each fabric produced on the dobby looms. Will it be possible to satisfy total demand? (a)Yes, the mill can produce enough to meet the demand. (b)No, the mill can not produce enough to meet the demand. In the event that total demand is not satisfied, the Scottsville Textile Mill will need to purchase the fabrics from another mill to make up the shortfall. Its profits on resold fabrics ordered from another mill amount to 20¢ per yard for Fabric 1 and 16¢ per yard for Fabric 2. How many yards of each fabric should it produce to maximize…The Scottsville Textile Mill produces several different fabrics on eight dobby looms that operate 24 hours per day and are scheduled for 30 days in the coming month. The mill will produce only Fabric 1 and Fabric 2 during the coming month. Each dobby loom can turn out 4.62 yards of either fabric per hour. Assume that there is a monthly demand of 16,000 yards of Fabric 1 and 12,000 yards of Fabric 2. Profits are calculated as 33¢ per yard for each fabric produced on the dobby looms. (a) Will it be possible to satisfy total demand? (b) In the event that total demand is not satisfied, the Scottsville Textile Mill will need to purchase the fabrics from another mill to make up the shortfall. Its profits on resold fabrics ordered from another mill amount to 20¢ per yard for Fabric 1 and 16¢ per yard for Fabric 2. How many yards of each fabric should it produce to maximize profits? (Round your answers to one decimal place. If total demand is satisfied, enter NONE.)A plant has sufficient capacity to manufacture any combination of four different products (A, B, C, D). For each product, time is required to be invested in four different machines, which is expressed in hours per kilogram of product, as shown in the following table as shown in the following table: (attached image) Each machine has an availability of 60 hours per week. Products A, B, C and D can be sold at $9, $7, $6 and $5per kilo, respectively. Variable labor costs are $2 per hour for machines 1 and 2, and $3 per hour for machines 3 and 4. The material costs for each kilogram of product A are $4. The material costs for each kilogram of products B, C, D and D are $4 each kilogram of products B, C and D are $1. What needs to be done:Formulate a profit-maximizing PL model given the maximum demand per product shown in the table (there are 16 variables). Note: The picture is in spanish, but I mean... is pretty easy to understand
- A plant has sufficient capacity to manufacture any combination of four different products (A, B, C, D). For each product, time is required to be invested in four different machines, which is expressed in hours per kilogram of product, as shown in the following table as shown in the following table: (attached image) Each machine has an availability of 60 hours per week. Products A, B, C and D can be sold at $9, $7, $6 and $5per kilo, respectively. Variable labor costs are $2 per hour for machines 1 and 2, and $3 per hour for machines 3 and 4. The material costs for each kilogram of product A are $4. The material costs for each kilogram of products B, C, D and D are $4 each kilogram of products B, C and D are $1. What needs to be done:Formulate a profit-maximizing PL model given the maximum demand per product shown in the table (there are 16 variables). Note: do the exercise by hand, or do it digitally, but not in excel.Sunseel Industries produces two types of raw materials, A and B, with a production cost of $4 and $8 per unit, respectively. The combined production of A and B must be at least 700 units per month. The factory is expected to produce at least 400 units of B and not more than 1200 units of A each month. The processing times for A and B are observed to be 5 hours and 4 hours, respectively. A total of 3000 production hours are available per month. Develop a linear program that Sunseel Industries can use to determine the number of units of each raw material to produce that will meet the demand and minimize the total cost.The Kingston Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: its carpenters (labour force) and a supply of redwood for use in the furniture. During the next production cycle, 1,000 hours of labour are available under a union agreement. The firm also has a stock of 3,500 feet of good quality redwood. Each bench that Kingston Furniture produces requires 4 labour hours and 10 feet of redwood; each picnic table takes 6 labour hours and 35 feet of redwood. Completed benches will yield a profit of $9 each, and tables will result in a profit of $20 each. Because most customers usually buys tables and benches at the same time, the number of benches made should be at least twice as large as the number of tables made. a. Formulate a linear programming model for this problem b. Use a graphical solution to solve the model and determine how many benches and tables the furniture company should produce to obtain…