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Productivity analysis is described as a process through which specific areas are identified, and it allows improvement of productivity in projects that are based on the statistical information that is gathered through analysis. It is important to mention that productivity analysis also helps in the identification of the areas that cause interruptions and delays and result in loss of productivity.
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- The ATV Corporation makes three models of all-terrain vehicles: Model A, Model B, and Model C. Model A uses a 0.4-liter engine, Model B uses a 0.5-liter engine, and Model C uses a 0.6-liter engine. The aggregate production plan is the twelve-month plan that combines all three models together in total monthly production. The planning horizon is twelve months. The APP determines the size of the workforce, which is the constrained resource. Assume that the beginning inventory for January is 120 units (30 units each of Model A and Model B, and 60 units of Model C). The firm desires to have an ending inventory of 160 units at the end of the year. On average, one unit of ATV requires eight labor hours to produce, and a worker contributes 160 hours (8 hours × 5 days × 4 weeks) per month. The data has been collected in the Microsoft Excel Online file attached. Answer the question below: 1. What are the totals of the forecast demand (including inventory adjustment for December), production,…Barker Company produces and sells a single product with budgeted or standard costs as follows: Inputs Standards Direct materials 10 lbs at $10.00 per pound Direct labor 8 hours at $12.50 per hour Variable factory overhead 8 hours at $20.00 per hour Fixed factory overhead 8 hours at $40.00 per hour Overhead rates are based on 8,000 standard direct labor hours per month, i.e., this is the master budget denominator activity level. Desired ending inventories of materials are based on 10% of the next months materials needed. Desired ending finished goods are based on 5% of next periods budgeted unit sales. Unit Sales are budgeted as follows: January February March April 1,000 1,200 1,600 1,400 The budgeted sales price is $1000 per unit. Sales are budgeted as 80% credit sales and 20% cash sales. Past experience indicates that 60% of credit sales are collected during the month of sale, 38% are collected in the following month, and…A linear programming computer package is needed. The Silver Star Bicycle Company will be manufacturing both men's and women's models for its Easy-Pedal 10-speed bicycles during the next two months. Management wants to develop a production schedule indicating how many bicycles of each model should be produced in each month. Current demand forecasts call for 150 men's and 125 women's models to be shipped during the first month and 200 men's and 150 women's models to be shipped during the second month. Additional data are shown. Model Production Costs Labor Requirements (hours) Current Inventory Manufacturing Assembly Men's $120 2.0 1.5 20 Women's $90 1.6 1.0 30 Last month the company used a total of 1,000 hours of labor. The company's labor relations policy will not allow the combined total hours of labor (manufacturing plus assembly) to increase or decrease by more than 100 hours from month to month. In addition, the company charges monthly inventory at the rate of 2% of the…
- The ATV Corporation makes three models of all-terrain vehicles: Model A, Model B, and Model C. Model A uses a 0.4-liter engine, Model B uses a 0.5-liter engine, and Model C uses a 0.6-liter engine. The aggregate production plan is the twelve-month plan that combines all three models together in total monthly production. The planning horizon is twelve months. The APP determines the size of the workforce, which is the constrained resource. Assume that the beginning inventory for January and that the desired monthly ending inventory is 120 units (30 units each of Model A and Model B, and 60 units of Model C), and the firm desires to have an ending inventory of 160 units at the end of the year. On average, one unit of ATV requires eight labor hours to produce, and a worker contributes 160 hours (8 hours × 5 days × 4 weeks) per month. The data has been collected in the Microsoft Excel Online file attached. Answer the question below: 1. What are the totals of the forecast demand (including…Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. You must make 4 chairs for every table. Your answer will be the revenue generated by your production plan - rounded to the nearest whole dollar. (The number of tables and chairs must be a whole number.) Scenario 1 Large wood per table 3 Small wood per table 2 Large wood per chair 1 Small wood per chair 4 Revenue per table $35 Revenue per chair $29 Large wood inventory 300 Small wood inventory 500The ABC Company is making a production plan for the next year, given the sales forecast for the next year as: Quarter 1 2 3 4 Total Sales Forecast (units) 9,000 12,000 16,000 12,000 49,000 Currently, the firm has 12 employees, each producing up to 1,000 units per quarter and earning $2,000 per quarter. The firm estimates its inventory carrying cost to be $2 per unit of ending inventory per quarter and its hiring or layoff costs to be $1,600 per employee. The company currently has an inventory of 2,000 units and wishes to have an ending inventory of at least 1,000 units at the end of each quarter. The company does not plan to incur inventory shortages. Find the optimal production plan that minimizes the total cost by Excel solver
- Wine Accessories Inc. (WAI) produces two models of corkscrews, the standard model and a deluxe model. WAI follows a level aggregate plan, producing 20,000 corkscrews per month, or 5000 corkscrews per week. Th e MPS is developed in weekly time periods. Th e forecasts for each model and the projected available are shown in the next two tables. Th e replenishment order quantity is 2000 units for the standard model and 1000 units for the deluxe model. Note that you can place multipleorders if a single order is insuffi cient to cover the forecast (you can produce 4000 units of the standard model if necessary, or 2000 or 3000 units of the deluxe model). Remember that total weekly production is limited to 5000 corkscrews. Develop an MPS for each of the products.If required, round your answers to the nearest whole number. Optimal Solution Units Cost 1-A fill in the blank 34 $ fill in the blank 35 1-B fill in the blank 36 $ fill in the blank 37 1-C fill in the blank 38 $ fill in the blank 39 2-A fill in the blank 40 $ fill in the blank 41 2-B fill in the blank 42 $ fill in the blank 43 2-C fill in the blank 44 $ fill in the blank 45 3-A fill in the blank 46 $ fill in the blank 47 3-B fill in the blank 48 $ fill in the blank 49 3-C fill in the blank 50 $ fill in the blank 51 Total $ fill in the blank 52Please explain the answer with explanation asap: a) Which OR problem is this? b) Decision variable? c) Objective and objective function? d) Constraints?
- XYZ, a technology business, which is operating across the middle east and has a revenue growth target of 30% to achieve over the previous year. The CEO realized that this would require a higher-risk growth strategy to achieve this growth target in the current market conditions. Critically discuss the options the CEO can consider in meeting his growth target.A company manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board ft of oak are available. A table requires 17 board ft of oak, and a chair requires 5 board ft of oak. Each table can be sold for $40, and each chair for $15. A LP model has been formulated to help the company determine the production plan that maximizes revenue. Please draw a flow chart for the programWhat are the decision variables, the objective function and the resource constraints equations? I don't need an excel file. just write down all the equations constraints. Thank you