Required: 1. and 2. With respect to the company's overall equipment effectiveness, calculate the following: Note: Do not round intermediate calculations. Round final answers to 2 decimal places and "Units" answers to the nearest whole number. 1-a. Utilization rate 1-b. Efficiency rate. 1-c. Quality rate 1-d. Overall equipment effectiveness 2-a. Utilization loss in units 2-b. Efficiency loss in units 2-c. Quality loss in units
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- At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 = average; 4 = bad. The weekly revenue earned by a machine in state 1, 2, 3, or 4 is 100, 90, 50, or 10, respectively. After observing the condition of the machine at the beginning of the week, the company has the option, for a cost of 200, of instantaneously replacing the machine with an excellent machine. The quality of the machine deteriorates over time, as shown in the file P10 41.xlsx. Four maintenance policies are under consideration: Policy 1: Never replace a machine. Policy 2: Immediately replace a bad machine. Policy 3: Immediately replace a bad or average machine. Policy 4: Immediately replace a bad, average, or good machine. Simulate each of these policies for 50 weeks (using at least 250 iterations each) to determine the policy that maximizes expected weekly profit. Assume that the machine at the beginning of week 1 is excellent.An injector machine goes down roughly 20% of the time (the injector gums up and needs to be cleaned, a quick process). One operator is assigned to service three identical such machines. Each machine can produce 100 parts/h if running properly (i.e., not down). The operator is paid $10/h and each machine costs $20/h to operate. Consider 8hr/shift a) Please fill in the table below: b) How many parts can you produce per shift? c) What is the unit cost fper part for this operation? d) If you hire another operator at the same rate to assist the first operator, what is the unit cost now? e) Is it worth hiring another operator at the same rate to assist the first operator, in case more than one machine goes down at the same time?Ranger Supply Company is a large manufacturer and distributor of office supplies.It is based in New York but sends supplies to firms throughout the United States.It markets its supplies through periodic mass mailings of catalogues to those firms.Its clients can make orders over the phone, and Ranger ships the supplies upondemand. Ranger has had very high production efficiency in the past. This isattributed partly to low employee turnover and high morale, as employees areguaranteed job security until retirement. Ranger already holds a large proportionof the market share in distributing office supplies in the United States. Its maincompetition in the United States comes from one U.S. firm and one Canadian firm.A British firm has a small share of the U.S. market but is at a disadvantage becauseof its distance. The British firm’s marketing and transportation costs in the U.S.market are relatively high.Although Ranger’s office supplies are similar to those of its competitors, it has…
- A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing. Assume that the daily demand for hubs allows all defect-free hubs to be sold. Additionally, tested or rejected hubs cannot be sold. Find the process that maximizes profit per day if each part is made from $4 worth of material and can be sold for $32. Both processes are fully automated, and variable overhead cost is charged at the rate of $39 per hour. Process 1 Process 2 Production rate 36 parts/hour 15 parts/hour Daily production time 4 hours/day 8 hours/day Percent of parts rejected based on visual inspection 22% 10% Question content area bottom Part 1 The profit per day for Process 1 is (Round to the nearest cent.)Which of the following operational decisions correspond(s) to the price component ofthe consumer utility function?Instructions: You may select more than one answer.a. When will the demand be fulfilled?b. What are the shipping charges to the customer?c. What is the product or service to be delivered?d. Where will the demand be fulfilled?Luther’s company has just received an order for 1,200 of its Flying Z machines. The customer wants 350 of them next year, 400 the year after, and the balance in the third year. Luther estimates that after one year of production, the average worker with this one year of experience can produce 12 machines per year. However, new workers are 25% less productive in the first year. He has 25 workers with at least one year of experience to work on the first year’s order. He will need to hire new workers for any production that exceeds what these workers can produce. To further complicate matters, he believes 10% of his current experienced workforce will turnover at the end of the first year and the number of workers from his current workforce should remain steady after that. His history also shows that only 75% of new hires stay after their first year. Given these facts, how many total people should Luther plan to hire over the duration of this order? Please solve in excel. Group of answer…
- Management of Mittel Rhein AG of Köln, Germany, would like to reduce the amount of time between when a customer places an order and when the order is shipped. For the first quarter of operations during the current year the following data were reported: Inspection time 0.5 days Wait time (from order to start of production) 16.1 days Process time 2.6 days Move time 0.7 days Queue time 3.9 days Required: 1. Compute the throughput time. (Round your answer to 1 decimal place.) 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. (Round your percentage answer to nearest whole percent.) 3. What percentage of the throughput time was spent in non–value-added activities? (Round your percentage answer to nearest whole percent.) 4. Compute the delivery cycle time. (Round your intermediate calculations and final answer to 1 decimal place.) 5. If by using Lean Production all queue time during production is eliminated, what will be the new MCE? (Round…The AER company operates 24 hours a day. The performance measures of the production equipment used for 1 month are as follows: -Open time is 30 days -The expected time of non-availability of production equipment is 97 hours -The Unplanned hardware downtime is 25.5 hours - Hardware downtime attributable to employee delays is 2817 minutes - Equipment downtime due to power outages is 4578 minutes ' Determine the efficiency rate and the utilization rate of production equipmentColleen Company has gathered the following data pertaining to activities it performed for two of its major customers. Jerry, Inc. Kate Co. Number of orders 6 30 Units per order 1,000 420 Sales returns: Number of returns 4 5 Total units returned 50 140 Number of sales calls 13 5 Colleen sells its products at $290 per unit. The firm’s gross margin ratio is 20%. Both Jerry and Kate pay their accounts promptly and no accounts receivable is over 30 days. After using business analytics software to carefully analyze the operating data for the past 30 months, the firm has determined the following activity costs: Activity Cost Driver and Rate Sales calls $ 800 per visit Order processing 180 per order Deliveries 410 per order Sales returns 270 per return and $3 per unit returned Sales salary 107,000 per month Required: 1. Using customers as the cost objects, classify the activity costs…
- Mukukulu Co uses a variance analysis system to monitor its performance. In a certain month the following data applies: – 1·4 tonnes of Raw material are needed at a cost of K60 per tonne – It takes 2 labour hours of work to produce 1 tonne of finished product and labour is normally paid K18 per hour. Idle time is expected to be 10% of hours paid; this is not reflected in the rate of K18 above. – 2 hours of variable overhead at a cost of K30 per hour – The standard selling price is K240 per tonne Budget information for the month is – Fixed costs were budgeted at K210,000 for the month – Budgeted production and sales were 8,400 tonnes The actual results for the month were as follows: Actual production and sales were 8,000 tonnes – 12,000 tonnes of raw material were bought and used, costing K660,000 – 15,800 labour hours were paid for, costing K303,360 – 15,000 labour hours were worked – Variable production overhead cost K480,000 – Fixed costs were K200,000 – Sales revenue achieved was…Marco, a plumbing, heating and AC company located in California, has a simple butpowerful product strategy: ‘Solve the customer’s problem no matter what, solve theproblem when the customer needs it solved, and make sure the customer feels goodwhen you leave’. The company guaranteed, same day service for customers requiringit. The company provides 24 x 7 services at no extra charge for customers whose ACdies in hot summer Sunday or whose toilet overflows at 2.30 AM. The companyguarantees the price of a job to the penny before the work begins. Whereas mostcompetitors guarantee their work for 30 days, Marco guarantees all parts and labourfor one year. The company assesses no travel charges as “it’s not fair to charge customers for driving out.” The company owner says: “We are in an industry thatdoesn’t have best reputation. If we start making money our main goal, we are introuble. So I stress customer satisfaction; money is a by-product.”The company uses hiring, ongoing training and…. Marco, a plumbing, heating and AC company located in California, has a simple butpowerful product strategy: ‘Solve the customer’s problem no matter what, solve theproblem when the customer needs it solved, and make sure the customer feels goodwhen you leave’. The company guaranteed, same day service for customers requiringit. The company provides 24 x 7 services at no extra charge for customers whose ACdies in hot summer Sunday or whose toilet overflows at 2.30 AM. The companyguarantees the price of a job to the penny before the work begins. Whereas mostcompetitors guarantee their work for 30 days, Marco guarantees all parts and labourfor one year. The company assesses no travel charges as “it’s not fair to charge customers for driving out.” The company owner says: “We are in an industry thatdoesn’t have best reputation. If we start making money our main goal, we are introuble. So I stress customer satisfaction; money is a by-product.”The company uses hiring, ongoing training and…