Research and answer the following:1. What is Capacity?2. Describe ways of defining and measuringcapacity.3. Identify some determinants of effectivecapacity.4. Discuss factors to consider when decidingwhether to perform in-house or outsource.5. Define the following terms:Economic of scaleDiseconomies of scaleConstraintsBreak-even point

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Answered: Research and answer the following: 1.…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 2ED

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1-Specify if Louis vuitton has been impacted by innovation or technology (as well as one other major factor – if any).2- Specify Louis Vuitton main activities – while highlighting their nature from an operation management perspective (e.g., the production of (a) good(s) or the delivery of service(s), forecasting, purchasing, distribution, scheduling, etc.). 3- Suggest a capacity enhancement factor (how can Louis Vuitton capacity be enhanced?)
Develop aggregate plans, calculate associated costs, and evaluate the plan in terms of operations, marketing, fi nance, and human resources
1) How would you determine the capacity of the restaurant business stated above (TROPICAL BITES) and measure its efficiency. Use an example to illustrate. 2) How can you reach economies of scale in the restaurant business/ company and how? 3) What other element of capacity planning would you consider for the restaurant business and why?
Summertime Products makes outdoor shirts. Data relating to the coming year’s planned operations follows: Sales (200,000 shirts) P 5,000,000 Cost of good sold 3,500,000 Gross profit P 1,500,000 Selling and administrative expenses 1,100,000 Income P 400,000 The factory has capacity to make 240,000 shirts per year. Fixed cost included in cost of goods sold was P 1,000,000. The only variable selling, general, and administrative expenses are a 10% sales commission and a P 2.00 per shirt licensing fee paid to the designer. A chain store manager has approached the sales manager of Summertime Products offering to buy 30,000 shirts at P18 per shirt. These shirts would be sold in areas where Summertime’ shirts are not now sold. The sales manager believes that the accepting the offer would result in a loss because the average total cost of a shirt is P 23 ([3,500,000+P 1,100,000]/200,000). He feels that even though sales commissions would not be paid on the order, a loss would still result.…
1- What is reengineering? 2- What are four key perspectives in the balanced scorecard? 3- How can a company identify and manage unused capacity? 4- How can an organization translate its strategy into a set of performance measures? 5- What are two generic strategies a company can use?
As operations manager of Holz Furniture, you must make a decision about adding a line of rustic furniture. In discussing the possibilities with your sales manager, Steve Gilbert, you decide that there will definitely be a market and that your firm should enter the market. However, because rustic furniture has a different finish than your standard offering, you decide you need another process line. There is no doubt in your mind about the decision, and you ar e sure that you should have a second process. But you do question how large to make it. A large process line is going to cost $400,000; a small process line will cost $300,000. The question, therefore, is the demand for rustic furniture. After extensive discussion with Mr. Gilbert and Time Ireland of Ireland Market Research, Inc., you determine that the best estimate you can make is that there is two-out –of – three chance of profit form sales as large as $600,000 and a one-out –of – three chance as low as $300,000. With a large…
Explain and describeHow can a systems-based approach to capacity planning help in operations management ?
b) Suppose a monopolistically competitive firm operates in a long run which produces 40 units of output at 120 taka per-unit cost (average total cost). Also MC of producing 40 unit output is 60 taka. By using this information, show the long run situation of a monopolisticallycompetitive firm in an appropriate diagram. c) Calculate excess capacity if socially efficient output is 100 units. Show it in graph too. [Note: b) and c) are related questions and draw separate graphs for each question]. Show all step. Answer must be correct.
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How you see the the company's excess capacity and how to utilize it throughout the year?
1. Describe ways of defining and measuring capacity. 2. Identify some determinants of effective capacity. 3. Discuss factors to consider when deciding whether to perform in-house or outsource.
Elsa, Inc., has only variable costs and fixed costs. A review of the company's records disclosedthat when 100,000 units were produced, fixed manufacturing costs amounted to $200,000 andthe cost per unit manufactured totaled $5. On the basis of this information, how much costwould the firm anticipate at an activity level of 97,000 units?A. $485,000.B. $491,000.C. $494,000.D. $500,000.

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Research and answer the following: 1. What is Capacity? 2. Describe ways of defining and measuring capacity. 3. Identify some determinants of effective capacity. 4. Discuss factors to consider when deciding