STAR Co. provides paper to smaller companies whose volumes are not large enough to warran paper rolls from the mill and cuts the rolls into smaller rolls of widths 12, 15, and 30 feet. The cutting patterns have been established: Number of: Pattern 12ft. 15ft. 30ft. Trim Loss 104 1 10 ft. 7ft. 4 ft. 1 ft. 1 ft. 2 3 S 8 2 2 30 0 1 3 0 2 1 Trim loss is the leftover paper from a pattern (e.g, for pattern 4, 2(12)+1(15) + 2(30) 99 hand for the coming week are 5,670 12-foot rolls, 1,680 15-foot rolls, and 3,350 30-foot rolls. han sold eld.
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- Suppose that GLC earns a 2000 profit each time a person buys a car. We want to determine how the expected profit earned from a customer depends on the quality of GLCs cars. We assume a typical customer will purchase 10 cars during her lifetime. She will purchase a car now (year 1) and then purchase a car every five yearsduring year 6, year 11, and so on. For simplicity, we assume that Hundo is GLCs only competitor. We also assume that if the consumer is satisfied with the car she purchases, she will buy her next car from the same company, but if she is not satisfied, she will buy her next car from the other company. Hundo produces cars that satisfy 80% of its customers. Currently, GLC produces cars that also satisfy 80% of its customers. Consider a customer whose first car is a GLC car. If profits are discounted at 10% annually, use simulation to estimate the value of this customer to GLC. Also estimate the value of a customer to GLC if it can raise its customer satisfaction rating to 85%, to 90%, or to 95%. You can interpret the satisfaction value as the probability that a customer will not switch companies.STAR Co. provides paper to smaller companies with volumes that are not large enough to warrant dealing directly with the paper mill. STAR receives 100-feet-wide paper rolls from the mill and cuts the rolls into smaller rolls of widths 12, 15, and 30 feet. The demands for these widths vary from week to week. The following cutting patterns have been established. Pattern Number 12‐ft 15‐ft 30‐ft Trim Loss (ft) 1 0 6 0 10 2 0 0 3 10 3 8 0 0 4 4 3 0 2 4 5 7 1 0 1 Trim loss is the leftover paper from a pattern (e.g., for pattern 4, 3(12) + 0(15) + 2(30) = 96 feet used results in 100 − 96 = 4 foot of trim loss). Orders in hand for the coming week are 5,680 12-foot rolls, 1,670 15-foot rolls, and 3,340 30-foot rolls. Any of the three types of rolls produced in excess of the orders in hand will be sold on the open market at the selling price. No inventory is held. (a) Formulate an integer programming model that will determine how many 100-foot rolls to cut into each of the…The Racing Club of America sponsors driver education events that provide high-performance driving instruction on actual race tracks. Because safety is a primary consideration at such events, many owners elect to install roll bars in their cars. Deegan Industries manufactures two types of roll bars for sports cars. Model DRB is bolted to the car using existing holes in the car's frame. Model DRW is a heavier roll bar that must be welded to the car's frame. Model DRB requires 20 pounds of a special high alloy steel, 40 minutes of manufacturing time, and 60 minutes of assembly time. Model DRW requires 25 pounds of the special high alloy steel, 100 minutes of manufacturing time, and 40 minutes of assembly time. Deegan's steel supplier indicated that at most 32,000 pounds of the high-alloy steel will be available next quarter. In addition, Deegan estimates that 2,000 hours of manufacturing time and 1,700 hours of assembly time will be available next quarter. The profit contributions are…
- A suburb of Dayton, Ohio, has four local dry cleaners that compete with each other on the basis of price and service speed. Each of them can perform the same basic services at the same level of quality. The following table provides the price that each dry cleaner charges to clean a two-piece suit, as well as the quoted number of days that the service will take. Dry Cleaner Price Number of Days A $ 8.00 3 B $ 9.50 3 C $ 9.00 2 D $ 7.50 4 Which of these dry cleaners are NOT on the efficient frontier?Sharpening your pencil is an operation that may bedivided into eight small elemental motions. In MTM terms, eachelement may be assigned a certain number of TMUs: Reach 4 inches for the pencil 6 TMUGrasp the pencil 2 TMUMove the pencil 6 inches 10 TMUPosition the pencil 20 TMUInsert the pencil into the sharpener 4 TMUSharpen the pencil 120 TMUDisengage the pencil 10 TMUMove the pencil 6 inches 10 TMUWhat is the total normal time for sharpening one pencil? Convertyour answer into minutes and seconds.Sembotix Company has several divisions including a Semiconductor Division that sells semiconductors to both internal and external customers. The company’s X-ray Division uses semiconductors as a component in its final product and is evaluating whether to purchase them from the Semiconductor Division or from an external supplier. The market price for semiconductors is $100 per 100 semiconductors. Dave Bryant is the controller of the X-ray Division, and Howard Hillman is the controller of the Semiconductor Division. The following conversation took place between Dave and Howard: Dave: I hear you are having problems selling semiconductors out of your division. Maybe I can help. Howard: You’ve got that right. We’re producing and selling at about 90% of our capacity to outsiders. Last year, we were selling 100% of capacity. Would it be possible for your division to pick up some of our excess capacity? After all, we are part of the same company. Dave: What kind of price could you give me?…
- A firm has modeled its experience with industrial accidents and found that the number of accidents per year is related to the number of employees by the regression equation Y = 6.6 + 0.098*X. R-Square is 0.72. The regression is based on 20 annual observations. The firm intends to employ 480 workers next year. How many accidents do you project? 47.04 accidents 8.66 accidents 53.64 accidents 72% of the 480 workers 28.56 accidentsThe Elon Company manufactures parts for an aircraft company using three computerized numerical controlled (CNC)turning centers. The company wants to decide whichmachines are capable of producing a specific part withxdesign specifications of 0.0970 inch 0.015 inch. Themachines have the following process parameters—machine1 ( 0.0995, 0.004); machine 2 ( 0.1002, 0.009); machine 3 ( 0.095, 0.005). Determinewhich machines (if any) are capable of producing the products within the design specifications. A group of students organizes a bake sale in which they sell hundreds of cookies at $1per piece. They set up a table on campus and wait for students to come and purchasetheir cookies. Consider the following variables in this bake sale operation:1. Size of the cookies2. Weather conditions on campus3. Organization of the table4. Number of cookies sold5. Competition from other fund-raisers coinciding on campus6. Amount of advertising and shouting of the students at the bake sale table7. Number of students on campus that dayWhich of these variables is an output variable?a. 3b. 4c. 5d. None of the above
- For a particular process, originally each 200 units of product manufactured yielded 180 conforming units, 9 units that must be scrapped, and the remaining units that must be reprocessed. Each scrapped unit results in a $30 loss and each reprocessed unit requires an extra 0.45 hours of processing time. The resource time of producing the original 200 units is 30 hours. As a result of a quality improvement program that was recently introduced, for each 200 units manufactured, the process now yields 190 conforming units, 4 unit to be scrapped, and the remaining units that must be reprocessed. Calculate the productivity (in units per hour) for the original process.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…Find the maximum and minimum values of f(x) = x3 − 6x2 + 8 on the horizontal span of 0 to 10.