Suppose: 100,000 -inventoried units are required in stock in your warehouse to service your client's needs Number of warehouses currently: 3 • Number of warehouses you are consolidating to: 1 a) Using the Square root law, estimate the number of items needed in your inventory. b) What would the inventory level be if you increase the number of warehouses from 3 to 5, instead?
Q: Discuss the importance and usage of Cost Estimating. - Where can this be used - When can this be use...
A: COST ESTIMATION: Cost estimation can be defined as the process of forecasting the financial and the ...
Q: a. Determine the number of followers for each task.
A: number of following task indicating the total number of possible following task for each activity. H...
Q: QUESTION 1 Advice TESCO on the changes or improvements which ought to be done as to the retailing r...
A: Small Introduction about Decision Making Decision-making is the method involved with making decisi...
Q: Dwayne Cole, owner of Florida firm that manufactures display cabinets, develops an 8-month aggregate...
A: Find the Given details below: Month Jan Feb Mar Apr May June Jul Aug Total Demand (Unit) 255 29...
Q: is an inderstanding and acceptance of benefits of strategic management propre management of workplac...
A: Proper administration of workforce diversity includes the subsequent Willingness to challenge &...
Q: Specifications for a metal shaft are much wider than the machine used to make shafts is capable of. ...
A: Given data The rate at which the tools wears is 0.004 Natural variation of a process (σ)= 0.010 an...
Q: Daily Subway and Bus Use in Five Major C 0.75 0.5 0.25 gapore ez Kong ondon Tokyo v York
A: 1 b ) are unusually reliant on buses 2 c) it began to rebound after 1990
Q: why operation strategy and its implementation necessary?
A: A business strategy is described as the combination of the entire actions that are performed, and al...
Q: Identify how the changes in the internal environment affect the OM strategy for a company. For exam...
A: Operations management strategy would include many different factors in it and the success or failure...
Q: Cutey Barber Salon Cutey Barber Salon is a trendy barber salon that is located in a densely popula...
A:
Q: However, with the economic situation now coming to normaley, the company bagged some new projects. I...
A: Experimentation is the demo, cycle, or exercise of testing.
Q: D. The information related to project crashing is shown in the following table. Normal Duration (hou...
A: Find the Cost slope calculations below:
Q: Operations Management 1. An Enterprise resource-planning system helps a company? a. Find new low cos...
A: Customer relationship management is described as the management of a company's interactions and rela...
Q: A tool that depicts process variation graphically is a a. Affinity Diagram b. Checklist c.Control...
A: A tool that depicts process variation graphically is a : a. Affinity Diagram b. Checklist c.Contro...
Q: Location decisions represent a key part of the strategic planning process of virtually every organiz...
A: 1. Locations decisions pertain to the choice of appropriate sites form locating various the manufact...
Q: A supervisory personnel in an organization should bear the full responsibility for the proper implem...
A: The supervisor, being the manager in direct connection with the operatives, has got various function...
Q: 4. The partially completed MPS for a product is given below. Item: Ball bearings Order Policy: 500 u...
A: Concept- A master production schedule (MPS) is a system for having individual goods delivered at a t...
Q: As manager of the St. Cloud Theatre Company, you have decided that concession sales will support the...
A: We know that, Contribution margin pu = SP per unit – VC per unit – Waste allowance per unit Assuming...
Q: You are product planner for product A (in Problem(A part structure, lead time (weeks), and on-handqu...
A: An intended bill of material can be developed as follows:
Q: 1. Solve manually. a. Income at the law firm Smith and Wesson for the period February to July was as...
A: Given data is
Q: 1. An operations manager's staff has compiled the information below for four manufacturing alternati...
A: Thanks for posting the question,As per our guidelines we will be answering the first three subparts ...
Q: e. Compute the percent idle time and percent efficiency for the assignment in part d. Note: if the c...
A:
Q: #63 (use the Stepping Stone Method to find an optimal solution for graph "a")
A: Given data is
Q: use trend projection to forcast demand for haircuts and hairstyling for 2022 for cutey barber salon...
A: Given Information - Year demand for haircuts and hairstyling 2017 11,500 2018 ...
Q: Management behaviors supporting an organizational culture that encourages continuous improvement inc...
A: Organisational culture refers to the underlying concepts, beliefs, values, and ways of interacting t...
Q: Information about Carrefour stores
A: A Small Introduction about Warehouse A stockroom is a structure for storing merchandise. Stockroo...
Q: Why entrepreneur need to take a risk and to be a goal-oriented in starting a business?
A: An entreprenuer is a person/individual/firm which takes initiate and have idea which is different fr...
Q: Consider the example of the machine shop with the from-to charts given in Figures 11–3 through 11–5....
A: A Small Introduction about Manufacturing Manufacturing is the most common way of transforming unref...
Q: 2. Weick and Sutcliffe's model for high reliability organizations include the following components (...
A: High Reliability Organization (HROs) refer to the organizations that follows five principles in orde...
Q: What are the Basic Concepts of Total Quality Management?
A: The term TQM (total quality management) was created in the 1950s and is currently mostly used in Jap...
Q: How is trend analysis conducted?
A: A Small Introduction about Analysis The best presentations start with a snare like a non-serious ...
Q: Explain the 3 argument models that can be used for critical thinking and argument analysis. Which ar...
A: A argument is a collection of specific reasons to support a particular opinion or perspective. Most ...
Q: strategles be be Impleme der to achie the objective of optimizing the productivity of retail space a...
A: One way to optimize productivity is to use stores. This allows you to do them fast with a minimum of...
Q: 10. Diorio Corporation keeps careful track of the time required to fill orders. The times recorded f...
A: Given -
Q: Project Typhoon has a net present value of $10,000 and a profitability index of 1.01. Project Cyclon...
A: Net present value (NPV) is the difference between the current value of income and the present value ...
Q: The following table shows the normal time, crash time, normal cost, and crash cost of an activity. W...
A: Given- Normal time Crash time Normal cost Crash cost 30 10 $150 $350
Q: Figure 1 shows the BOM for product A. Table 1 shows the MPS quantity start dates for product A, and ...
A: Note: For a given week Scheduled receipt and Beginning inventory are treated differently. But once t...
Q: Theresa booked a ticket with AirMalay to fly her from Kuala Lumpur to Melbourne on the 1st December ...
A: given, Theresa booked a ticket with AirMalay to fly her from Kuala Lumpur to Melbourne on the1st Dec...
Q: A manufacturer is developing a facility plan to provide production capacity for its factory. The amo...
A: Given data-
Q: . What are dis-economies of scale? What can cause this to occur?
A: Dis economies is a situation where the firm average cost is increasing with the increase in the inpu...
Q: How do you define a project and how is a project different from what most people do in their day-to-...
A: A project can be defined as a effort, using a combination of human, technical, administrative, finan...
Q: Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for t...
A:
Q: Is Amazon Web Services an ERP system?
A: Enterprise resource planning is an umbrella term for a complicated type of business management softw...
Q: In general life insurance company the, the registration process mean is 60 minutes , and the standar...
A: Given: mean = 60 minutes standard deviation = 0.64 minutes Upper specification = 62 minutes lower sp...
Q: The lease of Theme Park, Ic., is about to expire. Management must decide whether to renew the lease ...
A: Given data: Options Motel approved Motel rejected Renew $ 6,00,000 $4,500,000 Relocate $2,50...
Q: b. In order of greatest positional weight. Tiebreaker: most following tasks. (Use your rounded cycle...
A: REMAINING TIME = CYCLE TIME - TASK TIME
Q: Problem 1 Several vield tests for roasting rounds of beef have been carefully undertaken. A summary ...
A: Given- We know that 1 oz = 0.0625 lb As purchased weight = 22 lb 7 oz = 22.4375 lb Servable weight =...
Q: 6. The table shows the numbers of hours require in each of three departments to make a unit of vario...
A: Let x1, x2, and x3 be the number of products of A, B, and C respectively. Objective function: Max Z=...
Q: b) You are a sales manager for a toy manufacturer, & you currently have 3 salespeople on the road me...
A: From/To City Dome Elimina Foso Accra 250 400 350 Bawku 400 600 350 Cape Coast 200 400 250
Q: What are the external factors that can influence Dove's business?
A: External factors refers to the factors which are outside the business and is beyond business control...
Step by step
Solved in 3 steps
- Havana House restaurant normally seats 100, but during hours at dinnertime an additional 50 seats are made available by opening an attached banquet room. Using yesterday’s data, complete the table below and answer the questions this operation’s revenue generation during lunchtime, which is served from 11 am –3 pm. Hour Available seats Guest served Revenue RevPASH 11 am – 12 pm 45 $825 12 pm – 1 pm 135 $2550 1 pm – 2 pm 85 $1575 2 pm – 3 pm 30 $490 Total lunchTT Beverage Co. is a distributor of beer, wine and soft drinks product. From amain warehouse located in Magusa, TRNC, TT supplies nearly 1000 retail stores withbeverage products. The beer inventory, which constitutes about 40% of the company’stotal inventory, averages approximately 50 000 cases. With an average cost per case ofapproximately 8MU, TT estimates the value of its beer inventory to be 400 000 MU.The warehouse manager has decided to do a detailed study of inventory costsassociated with Sergio Beer, the # 1 selling TT beer. The purpose of the study is toestablish the “how-much to order,” and “when to order” decisions for Segio Beer thatwill result in the lowest possible cost.The manager found that the demand is constant and 2 000 cases/week.The cost ofholding for the TT beer inventory is 25% of the value of the inventory.(Note that definding the holding cost as a % of the value of the product isconvenient, because it is easily transferable to other products)TT is paying 32…A chemical firm produces sodium bisulfatein 100-pound bags. Demand for this product is 20 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $100, and storage and handling costs are $5 per ton a year. The firm operates200 days a year. (Note: 1 ton = 2,000 pounds.)a)How many bags per run are optimal?b)What would the average inventory be for this lot size?c)Determine the approximate length of a production run, in days.d)About how many runs per year would there be?e)How much could the company save annually if the setup cost could be reduced to $25 per run?
- 601 Ana Chavarria, front office manager at The Times Hotel, has completed a revenue management semi- nar at Keystone University and is preparing an argu- ment in favor of adopting this concept at The Times Hotel to present to Margaret Chu, the general man- ager. She begins by compiling a history of room occupancy and ADRS, which she hopes will reveal areas in which revenue management could help. She prepares an electronic spreadsheet that lists rooms sold with corresponding room rates and correlates the data to tourism activities in the area. Ana sends an analysis of revenue realized and revenue potential to Ms. Chu for review prior to their discussion After reviewing the analysis, Ms. Chu concludes, "This is just another scam; the industry is slow to adopt this," and disregards the entire report. She knows that occupancy percentage, ADR, and RevPAR are all you need to be efficient today, so why change? Ana passes Ms. Chu in the lobby, and Ms. Chu indicates her distrust of the revenue…Use the following information for the next 3 problems: ABC Company plans to construct a 60,000 sq. ft private warehouse and rent public warehouse as needed. Warehouse inventory turns at the rate of 2 times per month. One pound of merchandise occupies 0.2 cubic feet of warehouse space and can be stacked 10 feet high. Given aisles, and normal operating efficiency, only 50 percent of the total warehouse space is actually used for storage. Assume the facility is being built to size so no additional space is allowed for future product growth. A private warehouse can be constructed for $36 per sq. ft. and can be amortized over 20 years. Annual fixed costs amount to $20 per sq. ft. of total space. The cost of operation is $0.03 per pound of throughput. Space may also be rented for a storage charge on inventory of $0.06 per pound per month and a handling charge of $0.05 per pound of throughput. Monthly demands for a typical year are as follows: Month Demand (lb) Jan 2,000,000…7. Maribel is considering installing ice cream stalls on Turtle Beach. The length of the beach is 5 miles long. On average, in a week, there are 1,000 subathers that come to the beach and each value an icecream at $5. Transportation costs are $2.5. Each icecream costs $0.5 to make and there are $40 as a fixed maintenance cost per stall. 1. Find the optimal number of stalls for Maribel? 2.What is the profit at optimal number of stalls?
- Imagine you are in charge of making the decision to lease orbuy a fleet of trucks for the moving company for which youwork. What factors would influence your decision and why?Fen Furnishingsproduces brass handles for the furniture industry in a four-stage process–Mixing,Moulding, Polishingand Packaging. Costs incurred in thePolishingDepartment during January are summarized as follows: January 1 Bal.Transfer from Moulding 20000 units $1,310,000 Direct Materials Added $391,600 Direct Labour $ 638,000 Manufacturing Overhead $307,400 Normal losses are estimated to be 2½% of input during theperiod. Inspection takes place duringthe processing operation, at which point damagedhandles are separated from good handles and sold as scrapto local furniture manufacturers at $85each. At inspection, 2,000 handleswere rejected as scrap. These units had reached the following degree of completion: Transfer from Moulding 100% Direct material added 40% Conversion costs 20%…7. Maribel is considering installing ice cream stalls on Turtle Beach. The length of the beach is 5 miles long. On average, in a week, there are 1,000 subathers that come to the beach and each value an icecream at $5. Transportation costs are $2.5. Each icecream costs $0.5 to make and there are $40 as a fixed maintenance cost per stall. A )Find the optimal number of stalls for Maribel? B) What is the profit at optimal number of stalls?
- The James Lawson C hemical Supply Companyma nufactures and packages expensive vials of mercury. Giventhe following demand, supply, cost, and inventory data, allocateproduction capacity to meet demand at minimum cost usingthe transportation method. A constant workforce is expected.Backorders are permitted.Jewelry store has 268.25 ounces of 14- carat gold in stock . 1 how many custom necklaces can be manufactured if each requires 3 5/8 ounces of goldA chemical firm produces sodium bisulfate in 100-pound bags. Demand for this product is 20 tons per day. The capacity for producing the product is 50 tons per day. Setup costs $100, and storage and handling costs are $5 per ton a year. The firm operates 200 days a year. (Note: 1 ton= 2,000 pound) How many tons per run are optimal? What would the average inventory be for this lot size? Determine the approximate length of a production run, in days. How much could the company save annually if the setup cost could be reduced to $25 per run?