Given that sales volumes are forecast to stay steady at 2,000,000 units, the best option is _________________. Group of answer choices 1. Manual Production Line 2. Semi-automatic Production Line 3. Fully Automatic Production Line
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- If the cost of each Robust tablet increases to 75 c and the cost of each Vigortab increases to 80 c , find the minimum cost.A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The accompanying table summarizes price and cost data, combined fixed costs equal $650,000. A marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of Bamsi and 4 units of Turgut will be sold. Action Figures Turgut Bamsi Dogan Noyan Selling Price (in dollars) 35 26 24 16 Variable Cost/unit (in dollars) 17 12 12 11 Table 1 How many product mix units must be sold to break even? How does it translate into sales of individual games?The Chiemsee Knee Replacement Clinic (CKRC) is a sports clinic located at the northern edge of the German Alps. It specializes in knee replacements for skiers who come to CKRC from Germany, Austria, Switzerland, and Italy. The clinic currently has one operating room (OR). However, since the clinic has dramatically more demand than capacity, the management team contemplates investing in a second OR. A lean consulting firm, however, suggests that before going ahead with installing new capacity, the clinic should first look at how it uses its existing capacity. The data collected by the consulting firm reveal that:• The OR is available for 12 hours a day; the hospital has decided to not perform any procedures between 7pm and 7am. This time is equally divided across three surgeons.• The standard procedure time for the knee surgery done at the clinic is 1h.• The cleaning and housekeeping that needs to happen after each procedure takes 20 minutes. Almost all of this time could be saved if…
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- California Wine producer Chill Wines has in their line a mid-market chardonnay, of whichthey produce 200,000 bottles a year. They have been bottling their wines with natural corkclosures, which are known to have sealing issues resulting in the spoilage of wine, aproblem that is worse in their chardonnay than in the other wines they sell. This problem,which results in a 15% spoilage rate for their chardonnay, is both expensive and impactsthe company’s reputation. They have researched several other closure products on themarket and have decided to try using a new closure in a test run of 91 bottles theirchardonnay. After allowing the wine to stay in the bottles for the time it generally takes toget it from the winery to customers, they tested the run and found 16 spoiled bottles. As thecompany has a both an immediate financial and reputation risk, they want to be 90% surethat changing the closures will help limit wine spoilage. What do their results suggest? a)What is known? What…The Megabuck Hospital Corp. is to build a state-subsidized nursing home catering to homeless patients as well as high-income patients. State regulations require that every subsidized nursing home must house a minimum of 750 homeless patients and no more than 900 high-income patients in order to qualify for state subsidies. The overall capacity of the hospital is to be 1,800 patients. The board of directors, under pressure from a neighborhood group, insists that the number of homeless patients should not exceed twice the number of high-income patients. Due to the state subsidy, the hospital will make an average profit of $9,500 per month for every homeless patient it houses, whereas the profit per high-income patient is estimated at $8,000 per month. How many of each type of patient should it house in order to maximize profit? HINT [See Example 3.] (If an answer does not exist, enter DNE.) high-income patients: homeless: profit:The Megabuck Hospital Corp. is to build a state-subsidized nursing home catering to homeless patients as well as high-income patients. State regulations require that every subsidized nursing home must house a minimum of 760 homeless patients and no more than 800 high-income patients in order to qualify for state subsidies. The overall capacity of the hospital is to be 2,100 patients. The board of directors, under pressure from a neighborhood group, insists that the number of homeless patients should not exceed twice the number of high-income patients. Due to the state subsidy, the hospital will make an average profit of $9,800 per month for every homeless patient it houses, whereas the profit per high-income patient is estimated at $7,800 per month. How many of each type of patient should it house in order to maximize profit? (If an answer does not exist, enter DNE.) high-income patients homeless patients profit