Solve for minimum cost method
Q: Suman can purchase brass cups for Rs 32 per unit pr produce it in house where the associated fixed…
A: Given: Demand (D) = 600 Units Fixed Cost (F) = Rs .62,000 Variable cost (V) = Rs. 22 Per Unit…
Q: Which of the following could a retailer of flat screen televisions offer as supplementary services?…
A: Retailer or retailing business in the last source in a supply chain which is responsible for making…
Q: The airline industry has suffered recent setbacks, such as the highcost of fuel, which have forced…
A: Quality items make a significant commitment to long-haul income and benefit. Quality is basic to…
Q: Explain SUPPLY BASE OPTIMIZATION?
A: Supply base optimization is a strategic initiative to reduce the number of limited-use suppliers.…
Q: Explain Pipeline Inventory?
A: Inventory is the materials such as raw materials, finished products, in-process goods that are…
Q: The Texas Gladiators won the Super Bowl last year. As a result, sportswear such as hats,…
A:
Q: Acadia Logistics anticipates that it will need more distribution center space to accommodate what it…
A: Given: Requirement(in sq. Ft.) Probability 210,000 0.45 360,000 0.25 510,000 0.15…
Q: Using and a shipping quantity of units is the lowest cost alternative, with annual total costs to…
A: Given information:Annual Demand (D) = 60,000 unitsNumber of weeks = 250 daysDaily Demand (d) =…
Q: Eagle Electric Repair is a repair facility for several major electric appliance manufacturers. Eagle…
A: Formula:
Q: Company Expert produces 2500 units of book each month. After one month, the company increases the…
A: The given details Number of books produced in the first month = 2500 units Scheme 1 : 100 books each…
Q: Set up and go through the Simplex method to determine the maximum profit.
A:
Q: Cost tradeoff exists between transportation and inventory Select one: a. True b. False
A: Compromises are compensatory trades between the expansion of some coordinations costs and the…
Q: How Sri Lankan companies using Porter's diamond method, please explain with example
A: Michael Porter established the Porter's Diamond economic model in his book The Competitive Advantage…
Q: Identify two potential problems withoutsourcing
A: In outsourcing, firms carry out the business practice of giving job to third party to perform…
Q: Amy Lloyd is interested in leasing a new Hónda and has contacted three automobile dealers for…
A: Given-
Q: REQUIRED: Perform analysis for the Ocobee River Rafting Company to determine which alternative would…
A: Break-even analysis is one of the methods that are commonly and widely used in manufacturing…
Q: Identify the factors for which decision-makers must deal in aggregate planning.
A: We can say that In aggregate planning, the decision-maker first estimates aggregate cost components…
Q: Faizah is travelling to the United Kingdom for her 2022 family trip. She is planning to rent a car…
A: Options for Car dealers Weekly rental Mileage allowance Extra cost Avis 275 36000 0.15 Europcar…
Q: 2. An educational institution has total direct labor and material costs of $1964 per student. Its…
A: Break even point = Fixed cost / Contribution margin per unit Contribution margin = Revenue -…
Q: Acadia Logistics anticipates that it will need more distribution center space to accommodate what it…
A: Given data: Requirements Probabilities 230000 0.35 430000 0.40 630000 0.20 830000 0.05
Q: Samsung implements a Continuous Inventory System for an electronic component. The inventory manager…
A:
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Linear regression Equation Y = Intercept + Slope*X X = Depended variables We used EXcel to find…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: a). Month Period(x) Demand(units)(y) xy x2 y2 Jan 1 4,120 4120 1 16974400 Feb 2 4,220 8440…
Q: An investment proposal will have annual fixed costs of $60,000, varial costs of $35 per unit of…
A: Given data , Annual fixed costs = $60000 Variable costs = $35 Revenue = $ 55 i) To determine the…
Q: Briefly discuss the incentives in the RVRBS payment method, in terms of 1) volume of physician…
A: Health care industry is not a classic market where goods and services are bought and sold. In this…
Q: Sapatos Inc. sells a pair of shoes at P200. They have computed fixed cost to be P15,750 with a…
A: Given, Selling cost = P200 Fixed cost=P15,750 Profit= P1,500
Q: Slopes & Sleds (S&S) makes skis, snowboards, and high- end sledding equipment. As shown…
A: Given data is Workers = 10 Units produce per worker = 200/month Regular production cost = $8/unit…
Q: A firm’s manager must decide whether to make or buy a certain item used in the production of vending…
A: Calculation of annual cost of each alternative: Formula: Answer: The total cost of making is less…
Q: Three important points of ASHLEY FURNITURE's planning are as follows: -Use of a suite of software…
A: A dynamic and continuous monitoring of your equipment throughout the year is ensured by the use of…
Q: Wanda Lux must select a supplier for a plastic bottle and proprietary dispenser for its new hair…
A: Using Evan & sons is the lowest cost alternative, with an annual cost to Wanda lux of $117,000…
Q: Freshly Baked Hub has 3 warehouses and 3 branches store. The following table shows the shipping…
A: Suppose the decision variables - x11- Shipping cost from warehouse A to Branch X x12-Shipping cost…
Q: A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It…
A: COGS = 3,410,000 52 weeks per year
Q: Briefly describe how RFL Bangladesh Ltd. can involve its management and employees in ethical and…
A: Social responsibility is based on ethical structure and implies that a person or business has a…
Q: Determine how many products to ship from each factory to each warehouse, or from each factory to…
A: This question is related to supply chain management and this topic falls under the operations…
Q: Complete the table below to show the quantity shipped from each factory to each customer. (Leave no…
A: Find the Given details below: Transportation table Factory Customer 1 2 3 Capacity A 10…
Q: The Texas Gladiators won the Super Bowl last year. As a result, sportswear such as hats,…
A: Given Data Cycle Service Level 99% Lead Time 20 Days Average Weekly Demand 42.6 Caps…
Q: A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It…
A: COGS = $3,410,000 52 weeks per year
Q: Urban Company (formerly known as Urban Clap) is an Indian gig marketplace that offers home…
A: Distribution management is an important area of an entire business circle. It is a process of…
Q: What are major limitations of using the transportationmethod for aggregate planning?
A: The main benefit of using informal graphic and charting strategies for aggregate planning is that…
Q: explain briefly what does it mean "Not an issue of affordability but lack of support and priority"?
A: Science and technology involves a huge investment and infrastructural support from the country's…
Q: Acadia Logistics anticipates that it will need more distribution center space to accommodate what it…
A: Expected value identifying the possible cost based on probable demand with the consideration of unit…
Q: A firm’s cost of goods sold last year was $3,410,000, and the firm operates 52 weeks per year. It…
A:
Q: 1. a. Define following: Cycle Inventory Level of Product Availability iv. v. vi. Reverse Logistics…
A: Cycle inventory is an average inventory a retailer or manufacturer always maintains to satisfy the…
Q: Required: • Set up the linear programming model. • Determine the product mix that produces the…
A: Linear programming is a mathematical technique that is also used in operations management…
Solve for minimum cost method
![INSTRUCTION: Write your answers in a cdean sheet of paper.
An electronics firm has a production plant in each three cities: Marikina, Pasig, and Valenzuela.
It has a customer outlet in each of the three cities: Caloocan, Mandaluyong, and Makati. The
cost in pesos of transporting a receiver from each plant to each outlet is shown below. The table
also shows customer demands at each outlet and production capacities of each plant. The unit
production cost are P100, P110, and P95 at plants in Marikina, Pasig, and Valenzuela,
respectively. Obtain a minimum cost distribution plan using each method: A) Northwest Corner
Rule, B) Minimum Cost Method, and C) Penalty Method.
Plant
Caloocan
Mandaluyong
Makati
Capacity
Marikina
P4.50
7.00
5.50
- 500
Pasig
Valenzuela
5.50
6.50
6.50
- 400
7.00
5.00
8.00
- 600
Demand
500
400
500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcbcd138c-5416-48d6-ac24-1fa5d60c6a8a%2F189369d9-6a9f-4ec7-b4d0-ef5116d30594%2Feo4g9d_processed.jpeg&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps with 3 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?The new software organization requires a new point of sale and stock control system for their many stores throughout Pakistan to replace their aging mini-based systems. A sales assistant will be able to process an order by entering product numbers and required quantities into the system. The system will display a description, price, and available stock. In-stock products will normally be collected immediately by the customer from the store but may be selected for delivery to the customer's home address for which there will be a charge. If stock is not available, the sales assistant will be able to create a backorder for the product from a regional warehouse. The products will then either be delivered directly from the regional warehouse to the customer's home address, or the store for collection by the customer. The system will allow products to be paid for by cash or credit card. Credit card transactions will be validated via an online card transaction system. The system will produce…
- Takalani and Jasmin have been operating a Chisanyama business for 11 years. They have their business in a very busy corner and lately, customers have complained about the duration they have to wait for their food. Takalani and Jasmin have gathered the team and as a group, they have to decide how they are going to manage this problem, more so because the business continues to grow and has secured big contracts to cater at Political and corporate events. Compare and contrast two quantitative tools for decision-making in conditions of certainty and justify the decision-making tool that should be applied in the above scenario.As a response to COVID -19 issue, Kurmitola General Hospital, Dhaka, has started treating coronavirus patients since last month. Healthcare workers are on the frontline toward the COVID-19 response. Two volunteers from North South University intend to join in Kurmitola General Hospital to assist the medical team. Since they do not have any technical knowledge, they will be helping the team with activities like registering the patients, providing initial information about treatment, collecting samples, etc. As the manager of this hospital, you must arrange training for these volunteers to enhance their skills and willingness to work. Therefore, list and briefly explain the steps you will follow to train these individuals. How would you measure the effectiveness of the provided training?A department is preparing a trip for 80 volunteers to an area affected by the typhoon. The transportation company to transit the volunteers has 8 vans of 15 seats each and 5 vans of 10 seats, but only has 15 drivers available. The rental cost for a large van is $150 and $100 for a small van. Calculate how many vans of each type should be used for the trip for the least possible cost. Question 1: What objective function will be used to evaluate the minimum cost? Question 2: Given the feasible region, how many corner points does the LP model generate? Question 3: Given the graph of the LP model, which of the following is not a corner point? (0,0), (0,8), (0,15) (15,0) Question 4: How many constraints, excluding the non-negative constraints, will be considered for the determination of the optimal solution? Question 5: What is the minimum cost referred to in the problem?
- The ABC Hospital has a central laboratory which is located in the basement of OPD (Outpatient Department) block. The patient wards & Intensive care area are located from second floor onwards in IPD (In patient Department) block.The patient blood samples are collected by nursing team in respective ward & blood sample collection tube is labeled with bar-codes. The Hospital had installed fourteen stations Pneumatic chute system for transportation of bar codes blood samples from various patient wards, Intensive care units and operating room to laboratory. This has helped hospital to save transportation time from various places to laboratory so that blood samples reach lab sample collection area well in time. There is no dedicated staff assigned in each department for manual transportation of samples to laboratory.The laboratory design was such that sample collection station where pneumatic chute receiving station was installed was away from various functional areas like…A customer calls requesting that a service technician be sent to her residence immediately to fix her cable box. It is late in the evening, and service technicians cannot be sent out at this time. You see that she has an appointment for a service technician to be sent tomorrow, but she is becoming more upset because she thinks her need is urgent.A gold mining area in Lanao contains on average, 1 ounce of gold per ton. Two methods of processing are available; method A costs ₱1.5 M per ton and recovers 90% of gold; method B cost ₱1.3M per ton and recovers 80% of the gold. If gold can be sold for ₱2.4M per ounce, which method is better and by how much?
- Problem 20-7 (Algo) Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.29 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.) What is the optimal production quantity for the card? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Do not round intermediate calculations. Round Normsinv value to 4 decimal places. Roundup your answer to the nearest whole number.) Optimal production quantityI need only the answer for number 6Q2) (a) A Missouri job shop has four departments--machining (M), dipping in a chemical bath (D), finishing (F), and plating (P)-assigned to four work areas. The operations manager, Mary Marrs, has gathered the following data for this job shop as it is currently laid out. It costs $0.50 to move 1 workpiece 1 foot in the job shop. Determine cost of material handling in the current layout. Further, suggest a revised layout that has the lowest material handling cost. 100s of Workpieces Moved Between Work Areas Distances Between Work Areas in Feet M D F P M D F P M 18 2 20 12 8 4 2 6. 10 F 18 4
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)
![Practical Management Science](https://www.bartleby.com/isbn_cover_images/9781337406659/9781337406659_smallCoverImage.gif)
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)