Explain the concept of Preventive cost and Failure cost. Explain with a graph. (Minimum 100 words) What is Optimal Cost? (Minimum 40 words) Explain why Optimal cost is not the optimal place for making maximum profit? (Minimum 50 words)
Q: By finding the appropriate productivity indices, answer the following questions: Which store…
A: Productivity is the relationship between the volume of the input and output that is calculated in…
Q: EX: 1.9 Given the estimated activity times below and the network refer to the table and network…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Factory mand A B 50 $2 10 Warehouse 2 100 $4 3 N 3 $4 7 20 4 Supply $1 150 7 200 5 150 150 200 500…
A: Since you have submitted a question with multiple sub-parts, as per guidelines we have answered the…
Q: Min Z = 0.4 x1 + 0.5 x2 Subject to 0.3 x1 +0.1 x2 ≤ 2.7 0.5x1 +0.5x2 = 6 0.6 x1 + 0.4x2 ≥ 6 x1 - 2x2…
A: Linear problems are problems that can be solved using the linear equation. They are also called…
Q: ctors that must be considered when setting up a quality control system? 2) what are the advantages…
A: 1) Key factors Successful control parameter: It is fundamental for screen and measure the exhibition…
Q: Formulate and solve a linear program to determine the shipping arrangements (mode, destination, and…
A: As per Bartleby guidelines, we can only solve one question at a time. Kindly upload the other…
Q: Woolworths drives innovation and change in food retailing supply chain (AUS 2018) Australian large…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Shop has four heavy presses it uses c consumer products. All four pr firm has a contract to produce…
A: Product 1 2 3 4 1 35 41 34 39 2 40 36 32 43 3 38 37 33 40 Machine 1 is available 150hours…
Q: Microbrewers Incorporated makes four beers: Light, Dark, Ale, and Premium. The products require:…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: PROBLEM 7 Eyewitness News is shown on channel 5 Monday through Friday evenings from 5:00 P.M. to…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price…
A: Annual Demand, d =800 ×12 =9600 alarm systems Unit cost, u =R 2000 Holding cost, h =0.01×2000 = R 20…
Q: Each hour, 100 students want to ride a bus from the student union to Fraternity Row. The admiration…
A: Number of students (D) = 100 Waiting cost (h) = $5/student/hr. Bus cost (S) = $10 per bus
Q: The management of CDC Construction Pioneers have decided to build 900 new apartments in the Kasoa…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: The first turbocharger, a trial unit, took 1,000 hours to produce. Based on your experience with…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Differentiate between locating a service company as opposed to locating a manufacturing.
A: Together with advertising, HR, and perhaps finance, operations are one of a company's key functional…
Q: The management of CDC Construction Pioneers have decided to build 900 new apartments in the Kasoa…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: An extrusion molding produces pipe with an outer diameter specification of 15-14mm. A machine…
A: Given data Upper Specification limit (USL) = 15mm Lower Specification limit (LSL) = 14mm Mean =…
Q: One mechanic services 6 drilling machines for a steel plate manufacturer. Machines break down on an…
A: Given data The number of the machines breakdowns or the arrival rate λ= 1 breakdown every 3rd…
Q: imary function of ERP.
A: ERP (Enterprise resource planning): ERP alludes to a kind of programming that associations use to…
Q: Maximize Z= 200x1 + 160x2 + 130x3 Subject to Assembly Inspection Packaging And x1, x2, x3 >=0 4x1…
A: Linear programming is a mathematical technique that is commonly used in operations management…
Q: Discuss ANY FOUR (4) important supply chain processes and provide examples.
A: A supply chain system is a web between an organization and distributors to deliver finished goods to…
Q: PART II The North Shore Bank is working to develop an efficient work schedule for full-time and…
A: Since full time tellers work 8 hours, they can maximum start their shift by 11am. It is because…
Q: What are the benefits of automation and how will the communication signalling technology increase…
A: Operation manager is an individual who is responsible for managing an organization's operations.…
Q: For the Orlando real estate investment problem, assume the probabilities for the gasoline shortage,…
A: Given data is
Q: Can anybody draw a network analysis diagram of this problem?
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Formulate and solve a linear program to determine the shipping arrangements (mode, destination, and…
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: nd weights. The company exported its products solely to the US market, but with declining sales…
A: 1) Parveen materials producing sold articles of clothing under confidential brand names and not…
Q: Opportunity costs are relevant to which of the following decisions? Whether to accept a special…
A: Opportunity cost is related to the economic benefit that is foregone by selecting an alternative.…
Q: 16. Backward integration is achieved through a. A coalition of the firm's suppliers. b. The purchase…
A: Backward integration generally occurs when the organization wishes to obtain a complete control over…
Q: uary 100 February 1,200 Ma 1,4 g stockout costs for lost sale r unit per month, and a zero b
A: Given: January February March April May June 1100 1200 1400 1800 1800 1600 Lost sales =…
Q: The effective analytic tool to identify separate activities that are performed in designing,…
A: Data analysis can be stated as the approach of gathering, modeling, customizing, and analyzing…
Q: A local factory assembling calculators produces 400 units per month and sells them for P1,842 each.…
A: Production = 400 units per month Selling price (P) = P1842 per unit Fixed cost (F) = P50825 Variable…
Q: Paula Caplin is manager of a major electronics repair facilityowned by Fisher Electronics. Recently,…
A: Project management is about planning and organizing the resources of the company. These resources…
Q: what are the objectives of corrective maintenance?
A: Corrective maintenance is described as the process that includes repairing or replacing equipment…
Q: Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last…
A: The detailed solution is given in Step 2.
Q: we Need the following: Quantify Labor requirements. (Detail how many employeesyourbusiness will…
A: Main important points to design organizational plan is 1) The association, or how your business is…
Q: (a) the average flow time (b) average tardiness (c) average number of jobs at the work center, for…
A: Scheduling is the process of arranging the production activities in order to complete the…
Q: Olidating shipments allow due to the delay. ipment
A: Given: Shipment Transportation Rate($/cwt) City Weight/day LTL<50000 lb TL>50000 lb…
Q: The Barberton Municipal division of Road Maintenance is charged with road repair in the city of…
A: level plan means same workforce throughout the work periods. Formulate a spreadsheet to compute the…
Q: 1. Demonstrate how containers help to facilitate intermodal transportation. 2. Ah Meng Tow Truck…
A: Please note, “since you have asked multiple questions, we will solve the first question for you. If…
Q: As operations manager, you are concerned about being able to meet sales requirements in the coming…
A: Given data
Q: what is the impact that staff reduction can have on the Facilities manager's responsibilities?
A: Facility manager:- According to the International Organization for Standardization, facility…
Q: Consider the following linear programming problem: Maximize: 12X + 10Y Subject to: 4X +3Y ≤ 480 2X…
A: Max z = 12x + 10y subject to 4x + 3y≤ 480 2x + 3y ≤360 x,y≥ 0
Q: A manufacturing firm has discontinued production of a certain unprofitable product line.…
A: Since you have submitted a question with multiple subparts as per guidelines we have answered first…
Q: A recent college graduate is planning to move cross country from her college town to the city where…
A: 1. This is an integer programming model requiring binary variables.
Q: What should Mehmet prioritize? Customer's safety or customer's requests?
A: Product safety is a terminology utilized to describe policies formulated to protect persons from…
Q: Assuming a forecast for Week 2 of 48 cases (f2 = 48), generate forecasts for Weeks 13 using…
A: The exponential smoothing forecasting method is a statistical technique for estimating future values…
Q: In Chapter 9 after learning about the Total Quality Management (TQM) strategy. Please discuss how…
A: Total Quality Management often called TQM can be stated as the management structure based on the…
Q: An auto parts manufacturer would like to find out what their selling price should be for their brake…
A: Using a break-even analysis, a corporation may calculate the point at which a new product or service…
Q: Discuss quality as a strategy. C
A: Definition of quality (ISO 9000’s) – ‘level to which an assortment of intrinsic attributes fulfils…
- Explain the concept of Preventive cost and Failure cost. Explain with a graph. (Minimum 100 words)
- What is Optimal Cost? (Minimum 40 words)
- Explain why Optimal cost is not the optimal place for making maximum profit? (Minimum 50 words)
Step by step
Solved in 2 steps with 1 images
- [S1] On a CVP graph for a profitable company, the total expense line will be steeper than the total revenue line. [S2] The break-even point is the point where total contribution margin equals total fixed expenses. Only S1 is true. Only S2 is true. Both statements are true. Both statements are false.Suppose the government imposes a per-unit tax on the buyers of instant noodles. Does it necessarily mean that the buyers have to bear the entire tax burden? Explain with a diagram. With the above diagram, explain the impact of the per-unit tax on the consumer surplus, producer surplus and total surplus.Final Price and Profit Equations This exercise will help you identify and understand what goes into determining both the final price for a purchased product as well as the equation for the profit on a product. Among all marketing and operations factors in a business firm, price has a unique role. It is the place where all other business decisions come together. The price must be "right"—in the sense that customers must be willing to pay it; it must generate enough sales dollars to pay for the cost of developing, producing, and marketing the product; and it must earn a profit for the company. Small changes in price can have big effects on both the number of units sold and company profit. Read the case below and answer the questions that follow. You are shopping for a new printer to take back to college with you. You decide on the PIXMA iP100 due to its superior photo print quality and are now looking for the best price. Different stores have different deals, plus the…
- The Research and Development Division of the Progressive Company has been developing four possible new product lines. Management must now make a decision as to which of these four products actually will be produced and at what levels. Therefore, an operations research study has been requested to find the most profitable product mix. A substantial cost is associated with beginning the production of any product, as given in the first row of the following table. Management’s objective is to find the product mix that maximizes the total profit (total net revenue minus start-up costs). Let the continuous decision variables x1, x2, x3, and x4 be the production levels of products 1, 2, 3, and 4, respectively. Management has imposed the following policy constraints on these variables: 1. No more than two of the products can be produced. 2. Either product 3 or 4 can be produced only if either product 1 or 2 is produced. 3. Either 5x1 + 3x2 + 6x3 + 4x4 = 6,000 or 4x1 + 6x2 + 3x3 + 5x4 = 6,000.…Answer the following questions using the output below please be brief. If there are two possibleanswers one will suffice. Where necessary a range analysis must be shown.(hint;convert to minutes) g) Suppose that the profit contribution of component 3 decrease by $2.00 . Would theoptimal solution change?h) Is the problem degenerate? Explain! i) Are there alternative optima in this problem?I need a detailed explanation and assistance to solve this problem: Wineco produces wine cooler as a blend of wine, grape juice and apple juice ingredients, which it sells for $4 per gallon. The costs of ingredients are given in the following table: Cooler Ingredient Price per Gallon ($) wines 1.20 grape juice 1.40 Apple juice 0.60 Wineco owns a blending plant with a production capacity of 200 gallons per day. Because the plant is fully automated, all other production costs are negligible by comparison to the cost of ingredients, and can be ignored. Government regulations mandate that wine cooler products must satisfy the following guidelines: At least 10% of the blend produced must be grape juice. The ratio of apple juice to grape juice in the blend produced must be 2.5:1 The blend produced must contain between 20% and 25% wine. Wineco wishes to use LP in order to determine the quantities of ingredients to buy for a day’s production of wine cooler, so…
- How do I figure out the following problem? A product is currently made in a process-focused shop, where fixed costs are $8,000 per year and variable cost is $40 per unit. The firm currently sells 200 units of the product at $200 per unit. A manager is considering a repetitive focus to lower costs (and lower prices, thus raising demand). The costs of this proposed shop are fixed costs = $14,000 per year and variable cost = $10 per unit. If a price of $120 will allow 400 units to be sold, what profit (or loss) can this proposed new process expect? Do you anticipate that the manager will want to change the process? Explain.AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $50,000 and a production cost of $7 for each timer manufactured. The timers sell for $15 each. (a) What is the cost function C(x)?C(x) = (b) What is the revenue function R(x)?R(x) = (c) What is the profit function P(x)?P(x) = (d) Compute the profit (loss) corresponding to production levels of 3000, 6000, and 11,000 timers, respectively. (Input a negative value to indicate a loss.) 3000 timers $ 6000 timers $ 11,000 timers $Please explain the answer with explanation asap: a) Which OR problem is this? b) Decision variable? c) Objective and objective function? d) Constraints?
- ProFood Supply Company This case revolves around the issue of sales strategy. Jon is faced with two alternative sales strategies for trying to make his sales quota. Neither appears to be a good short term solution. Summary ProFood Supply Company, founded in New York in 1960, has grown steadily over the decades to become one of the largest full-service institutional food suppliers in the nation, selling perishable and non-perishable foods and foodservice supplies such as tablecloths, napkins, and tableware. In the past year, ProFood had begun an aggressive push into a new market segment, the hotel/motel restaurant market. Jon Menzes, the ProFood sales representative in Nashville, Tennessee, has been with the company for two years and hopes to move into management someday. His sales manager, Emily Lewis, told him that if he finished the year over 100% of his sales versus quota that he would be put into the pool of candidates considered for a promotion during the next twelve months. To…George Fine, owner of Fine Manufacturing, is consideringthe introduction of a new product line. George has consideredfactors such as costs of raw materials, new equipment, andrequirements of a new production process. He estimates that thevariable costs of each unit produced would be $8 and fi xed costswould be $70,000.(a) If the selling price is set at $20 each, how many unitshave to be produced and sold for Fine Manufacturingto break even? Use both graphical and algebraicapproaches.(b) If the selling price of the product is set at $18 per unit,Fine Manufacturing expects to sell 15,000 units. Whatwould be the total contribution to profi t from this productat this price?(c) Fine Manufacturing estimates that if it off ers the productat the original target price of $20 per unit, the companywill sell about 12,000 units. Which pricing strategy—$18per unit or $20 per unit—will yield a higher contributionto profi t?(d) Identify additional factors that George Fine shouldconsider in deciding…What is the purpose of the SCOR Model and what are the five basic functions of the SCOR Model?