Compare and contrast the SCOR model to the PCF model.
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- Explain the importance of the Hamada equation.Struggling with answering this question A manufacturer produces three types of humidifiers. The retail price of Humidifier Regular (HR) is $60 with variable costs of $20. Humidifier Advanced (HA) sells for $200 for its advanced features. This model’s variable costs are $80. Humidifier Simple (HS) is a simplified version and only sells for $25 with variable costs of $15. The manufacturer has machines and facilities worth $320,000 annually. The sales data show that 1000 units of HR, 2000 units of HA, and 10,000 units of HS was sold last year. Calculate the break-even point of the firm. The firm has some idle capacity at these volumes and chooses to cut the selling price of HR from $60 to $45, believing that its sales volume will rise from 1000 units to 2500 units. What is the revised break-even point?For this equation. Daniel and his family recently moved to California. Daniel wants to know which amusement park ticket package is best for his familyYour task is to recommend which ticket package Daniel and his family should purchase . You are working with Daniel's sister Amelia. Read the facts about Daniel's familyTable 1 shows the ticket packages and cost of parking for a local amusement park. In which what is the total cost to purchase a two day ticket for everyone in Daniel is family. (Image shown below)
- Explain the 4V-model and some examples of the implications they have for each V. What can the model be used for?Clippers Inc. (CI) manufactures two types of garden clippers. A light-duty model, called the “half-inch,”is intended for clipping branches and stems up to one-half inch thick. The “one-inch” model is designedfor heavier stems and branches. To boost sales, CI decided at the beginning of the current year to reducethe price of the half-inch model to better position its price relative to some key competitors. On the otherhand, CI felt that the one-inch model was technically superior to competitors’ models and decided that asmall price increase was appropriate. The data for the current and prior year are as follows:Current Year Prior YearSales units 7,200 6,500Sales mix for each productHalf-inch model 50% 30%One-inch model 50% 70%PriceHalf-inch model $12.00 $14.00One-inch model $36.00 $32.00Variable cost per unitHalf-inch model $6.00 $6.00One-inch model $8.00 $8.00Fixed cost $35,000 $35,000Required1. Prepare a comparative contribution income statement for CI for the current year that shows…Please show solution and formula used. Tia Moriarty started living in his own condominium after turning 25 years old. When he turned 26, he became fond of buying a pack of Gardenia wheat bread every Saturday at 5:30PM. The price of the bread is Php85.00 per pack. Assume the following: 1. Moriarty will live until 95 years old. 2. The price of the bread will remain constant, 3. Moriarty’s purchasing habits will not change. What is the lifetime value that can be generated from Moriarty as a customer of Gardenia wheat bread?
- The following table shows quarterly sales (in thousand units) for a product over 4 years. The overall sales average for the entire 4 years is 126.0625 (thousand units).Fill in the missing values assuming there is no trend.Round seasonal indexes to 4 decimal places.Report Averages accurate to at most 2 decimal places.Report Actual sales ('000) accurate to the nearest integer. Year 1 Year 2 Year 3 Year 4 Average Seasonal Index Quarter 1 92 93 95 106 Quarter 2 105 106 105 101 Quarter 3 197 187 196 1.5211 Quarter 4 106 116 121 0.8865 PART BSuppose actual quarterly sales (in thousands) for Year 5 are 93, 123, 206, and 126 respectively. Assuming there is no trend, forecast sales for the four quarters of Year 5.Use seasonal indexes (rounded to 4 decimal places) from Part A.Report forecast answers as integers accurate to the nearest thousand.Quarter 1 forecast = thousandQuarter 2 forecast = thousandQuarter 3 forecast = thousandQuarter 4 forecast =…Give the logical sequence of steps for formulating and constructing a (structured) LP model.Product K was introduced to the market some time ago and is now about to enter the maturity stage of its life cycle. The maturity stage is expected to last for ten weeks. Each unit has a variable cost of $38 and takes one standard hour to produce.The Managing Director is unsure which of four possible prices the company should charge during the next ten weeks. The following table shows the results of some market research into the level of weekly demand at alternative prices:Selling price per unit ($) 100 85 80 75Weekly demand (units) 600 800 1,200 1,400REQUIREDWhich one of the four selling prices should be charged for Product K in order to maximize its contribution during its maturity stage?
- A newsvendor keeps careful records of the number of papers he sells each day and thevarious costs that are relevant to his decision regarding the optimal number of newspapers to purchase. For what reason might his results be inaccurate? What would heneed to do in order to accurately measure the daily demand for newspapers?Long-Life Insurance developed a linear model to determine the amount of term life insurance a family of four should have, based on the head of the household's current age. The equation is: y = 163 -0.45xwherey = Insurance needed ($000)x = Current age of head of household Calculate the amount of term life insurance you would recommend for a family of four if the head of the household is 53 years old. (Round your answer to 2 decimal places.)Silicon Valley Corporation (Silvco) manufacturestransistors. An important aspect of the manufacture oftransistors is the melting of the element germanium (a majorcomponent of a transistor) in a furnace. Unfortunately, themelting process yields germanium of highly variable quality.Two methods can be used to melt germanium; method 1costs $50 per transistor, and method 2 costs $70 per transistor. The qualities of germanium obtained by methods 1and 2 are shown in Table 80. Silvco can refire melted germanium in an attempt to improve its quality. It costs $25 torefire the melted germanium for one transistor. The resultsof the refiring process are shown in Table 81. Silvco has sufficient furnace capacity to melt or refire germanium for atmost 20,000 transistors per month. Silvco’s monthly demands are for 1,000 grade 4 transistors, 2,000 grade 3 transistors, 3,000 grade 2 transistors, and 3,000 grade 1 transistors. Use linear programming to minimize the cost ofproducing the needed transistors.…