13. The friendly sausage company orders the sausages that they use at the end of each week. They consume on average 5 kg sausage per day with a standard deviation of 2.5 kgs. It takes 1,5 days to get their orders from the butcher outside the city. This week they start with a sausage stock of 10 kgs in their fridge. If they want to keep their service level at 99% how much order they should place at the end of each week?
Q: What role does forecasting play in long-term planning, and what are some effective forecasting…
A: In business, forecasting is a typical statistical work since it guides long-term strategic planning…
Q: Explain method. Process vs. programme?
A: Answer) A method in operations management is a systematic approach or collection of techniques used…
Q: Dave Fletcher was able to determine the activity times for constructing his laser scanning machine.…
A: Activity Immediate Predecessor(s) Time in week A - 7 B - 6 C A 4 D A 2 E B 4 F B 5 G…
Q: 5. A company makes two types of products, A and B. These products are produced during a 40-hr work…
A: Suppose- X1 be the no. of units for product A to be makeX2 be the no. of units for product B to be…
Q: Making inexpensive, high-quality computers is a problem for computer makers. Explain how you would…
A: Designing a high-performance, low-cost computer without sacrificing quality is a difficult issue for…
Q: 1. A production department of a textile firm received six different orders this week. They have…
A: Process Due Job Time Date A 2 7 C 4 4 E 5 15 B 8 16 D 10 17 F 12 18
Q: Can the progress of a single procedure be halted while it is being carried out?
A: It is important to note that halting a procedure should be done judiciously, with clear…
Q: Have you ever experienced a team that had “equal voice”?
A: Team management refers to the process of organizing, guiding, and coordinating a group of…
Q: What are the potential risks of poorly executed change management, and how can they be mitigated
A: Change management is a vital process that organisations must go through in order to successfully…
Q: Describe the key purpose of a compensation system
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: What are the typical procedures for obtaining authorization to modify a network in the context of…
A: In the context of employment with a sizable corporation, modifying a network requires proper…
Q: The three blood banks in Franklin County are coordinated through a central office that facilitates…
A: We reproduce the given table in Excel as shown below: The above tables in the form of Excel…
Q: Is testing a distinct phase of a project, or does it come intoplay during other phases? Explain your…
A: Testing is an integral part of the software development lifecycle, permeating various project phases…
Q: What is known about the Eco-Management and Audit Scheme (EMAS)?
A: The Eco-Management and Audit Scheme (EMAS) is voluntary environmental management system established…
Q: RISK MANAGEMENT IN PURCHASING/PROCUREMENT CASE STUDY A survey by Capgemini Research Institute…
A: Risk management is the process of identifying the risk and transferring those risks that can impact…
Q: Identify the elements in the GROW model and explain how you can use the GROW model in a real-time…
A: The GROW paradigm, which signifies Goal, Reality, Options, and Will, is a popular counseling and…
Q: discuss importance of project resource planning and its impact on project success
A: A proven approach for maximizing resource usage across projects is planning and arranging resources.…
Q: What are the disavantages of quality management software (QMS)?
A: A technological solution called quality management software (QMS) helps businesses monitor and…
Q: Why do many small firms use job production? Explain one advantage and one disadvantage that batch…
A: Two typical manufacturing techniques in small businesses are batch production and job production.…
Q: Explain what in project management is meant by 'quality'? Identify THREE differences between quality…
A: Every project needs dedicated quality management. It guarantees that projects will be completed on…
Q: The maximum value is The maximum occurs at the point
A: The LP formulation is shown below, The decision variables are X and YObjective function: MAX…
Q: Lynette is interested in finding a sedan car for work. Below is the summary of her criteria and the…
A: Here, each criterion is given with a specific weight, I would convert this weight value in…
Q: The line will operate for 458 minutes per day. d. What cycle time will provide an output rate of 122…
A: Daily operational time = 458 minutesOutput rate = 122 units per day
Q: Hammonds Corporation is trying to decide between two alternate order plans for its inventory of a…
A: Plan A: Annual Demand = Da = 1000 units Order costs = Sa = $ 40 per order Inventory holding costs…
Q: Cooper River Glass Works (CRGW) produces four different models of desk lamps as shown on the…
A: Model Demand (units) Price per unit Alpha 200 85 Bravo 225 90 Charlie 175 75 Delta 275 70…
Q: Enabled: Chapter 8 Non-Linear Programming E... A firm offers three different prices on its products,…
A: An optimal production plan refers to a strategy that maximizes efficiency, productivity, and…
Q: You are a student and recently moved off campus. Although vou originally planned to ride vour bike…
A: Purchasing decision is the process of evaluating the various alternatives available in the market…
Q: In same case study LER Develop the following Diagram: .Answer the following questions: 1. Identify…
A: London Elevator Repair (LER) is a company that specialises in the maintenance and repair of elevator…
Q: What is the overall duration of the project (in weeks)? 28 weeks What is the earliest week you could…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: Adidas is one of the world-famous manufacturers of Balls. One the ball used at major events is a…
A: Let x represent the quantity of footballs, y represent the quantity of basketballs, and z represent…
Q: Please do not give solution in image format thanku 8. What decision would the executives most…
A: A trade-off refers to a situation where a manager of the company has to make a decision or a choice…
Q: Four Squares Productions, a firm hired to coordinate the release of the movie Pirates of the…
A: Project management is a field of study where specific tools and techniques are used to monitor and…
Q: just-in-time (JIT)
A: (a) The benefits claimed for JIT in the quotation are achieved through various key principles and…
Q: Have you thought about a career in purchasing? All firms that carry inventory have purchasing…
A: A career in purchasing can be a rewarding and dynamic choice for individuals interested in supply…
Q: Explain how the project's advantages will trickle down to those who receive it.
A: The projects of a business may differ from company to company. Some projects are of high importance…
Q: Asssume customers can always enter the waiting line
A: To solve this problem, we can use the M/M/1 queueing model, where arrivals follow a Poisson process…
Q: LIGHTHOUSE LABS Innovating in a Crisis Scale + Speed On its first day of operation, the facility…
A: The Lighthouse Labs project was founded in response to the pandemic's urgent need for speedy and…
Q: In the past, we employed arbitrary intervals to organise massive volumes of unstructured data. Just…
A: In a team-based organisation, each individual is valued and appreciated for their contributions,…
Q: Please complete all work in excel. Use excel to make the calculations (cells can be clicked on to…
A: Expected monetary value (EMV) = Sum of the products of payoffs & its corresponding probabilities
Q: Broadening the range or incorporating supplementary capabilities are both feasible outcomes. Please…
A: Companies can utilize both the strategy of extending the range and the strategy of adding…
Q: Discussion on Marketing How can supply-chain management increase efficiency and customer…
A: Supply chain management plays critical role in the success of a company's marketing efforts. It…
Q: The following diagram shows the flow process, raw material costs, and machine processing time for…
A: Given data: Selling Price for A = $40 Selling Price for B = $50 Selling Price for C = $60 Total…
Q: Why is Lyft cheap than Uber? Explain
A: Lyft is often perceived as cheaper than Uber due to various factors. Below are few of those factors:
Q: In the evaluation of financial statements, describe the typical information you need, data you…
A: Business information refers to data, facts, and knowledge that are relevant to the operations,…
Q: I NEED GRAPH THE CONSTRAINTS
A: The Linear Programming Problem is, Number of hatchbacks = X1 Number of coupes = X2 To maximize the…
Q: 12. A restaurant uses an average of 8 jars of a special sauce every day. When they place an order,…
A: Daily demand (d) = 8 jarsLead Time (L) = 1 dayStandard Deviation of daily demand (σd) = 3 jars Stock…
Q: Lean development's benefits in five lines. Second, apply the lean principle from class to two…
A: Lean development is a development methodology that focuses on maximising value while minimising…
Q: discuss importance of project resource planning and its impact on project success
A: Project resource planning is an essential component of project management that entails identifying,…
Step by step
Solved in 3 steps
- The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. Can you guess the results of a sensitivity analysis on the initial inventory in the Pigskin model? See if your guess is correct by using SolverTable and allowing the initial inventory to vary from 0 to 10,000 in increments of 1000. Keep track of the values in the decision variable cells and the objective cell.The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. As indicated by the algebraic formulation of the Pigskin model, there is no real need to calculate inventory on hand after production and constrain it to be greater than or equal to demand. An alternative is to calculate ending inventory directly and constrain it to be nonnegative. Modify the current spreadsheet model to do this. (Delete rows 16 and 17, and calculate ending inventory appropriately. Then add an explicit non-negativity constraint on ending inventory.)The Pigskin Company produces footballs. Pigskin must decide how many footballs to produce each month. The company has decided to use a six-month planning horizon. The forecasted monthly demands for the next six months are 10,000, 15,000, 30,000, 35,000, 25,000, and 10,000. Pigskin wants to meet these demands on time, knowing that it currently has 5000 footballs in inventory and that it can use a given months production to help meet the demand for that month. (For simplicity, we assume that production occurs during the month, and demand occurs at the end of the month.) During each month there is enough production capacity to produce up to 30,000 footballs, and there is enough storage capacity to store up to 10,000 footballs at the end of the month, after demand has occurred. The forecasted production costs per football for the next six months are 12.50, 12.55, 12.70, 12.80, 12.85, and 12.95, respectively. The holding cost incurred per football held in inventory at the end of any month is 5% of the production cost for that month. (This cost includes the cost of storage and also the cost of money tied up in inventory.) The selling price for footballs is not considered relevant to the production decision because Pigskin will satisfy all customer demand exactly when it occursat whatever the selling price is. Therefore. Pigskin wants to determine the production schedule that minimizes the total production and holding costs. Modify the Pigskin model so that there are eight months in the planning horizon. You can make up reasonable values for any extra required data. Dont forget to modify range names. Then modify the model again so that there are only four months in the planning horizon. Do either of these modifications change the optima] production quantity in month 1?
- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.In Problem 12 of the previous section, suppose that the demand for cars is normally distributed with mean 100 and standard deviation 15. Use @RISK to determine the best order quantityin this case, the one with the largest mean profit. Using the statistics and/or graphs from @RISK, discuss whether this order quantity would be considered best by the car dealer. (The point is that a decision maker can use more than just mean profit in making a decision.)If a monopolist produces q units, she can charge 400 4q dollars per unit. The variable cost is 60 per unit. a. How can the monopolist maximize her profit? b. If the monopolist must pay a sales tax of 5% of the selling price per unit, will she increase or decrease production (relative to the situation with no sales tax)? c. Continuing part b, use SolverTable to see how a change in the sales tax affects the optimal solution. Let the sales tax vary from 0% to 8% in increments of 0.5%.
- 3-2) The optimal quantity of the three products and resulting revenue for Taco Loco is: A) 28 beef, 80 cheese, and 39.27 beans for $147.27. B) 10.22 beef, 5.33 cheese, and 28.73 beans for $147.27. C) 1.45 Z, 8.36 Y, and 0 Z for $129.09. D) 14 Z, 13 Y, and 17 X for $9.81. 3-3) Taco Loco is unsure whether the amount of beef that their computer thinks is in inventory is correct. What is the range in values for beef inventory that would not affect the optimal product mix? A) 26 to 38.22 pounds B) 27.55 to 28.45 pounds C) 17.78 to 30 pounds D) 12.22 to 28 poundsDr. Thompson makes three bean mixes for coffee shops located in the Austin. The three mixes, referred to as the Tameka Mix, the Christian Mix, and the Tamia Mix, are made by mixing different percentages of five types of beans. In preparation for the fall season, Dr. Thompson just purchased the following shipments of beans at the prices shown: Type of Beans Shipment Amount in pounds Cost Per Shipment in dollars Arabica 6000 7500 Robusta 7500 7125 Liberica 7500 6750 Excelsa 6000 7200 Juno 7500 7875 The Tameka Mix consists of 15% Arabica, 25% Robusta beans, 25% Liberica, 10% Excelsa, and 25% Juno. The Christian Mix consists of 20% of each type of beans, and the Tamia Mix consists of 25% Arabica, 15% Robusta beans, 15% Liberica, 25% Excelsa, and 20% Juno. Dr. Thompson analyzed the cost to get the beans ready and determined that the profit contribution per pound is $1.65 for the Tameka Mix, $2.00 for the Christian Mix, and $2.25 for the…Dr. Thompson makes three bean mixes for coffee shops located in the Austin. The three mixes, referred to as the Tameka Mix, the Christian Mix, and the Tamia Mix, are made by mixing different percentages of five types of beans. In preparation for the fall season, Dr. Thompson just purchased the following shipments of beans at the prices shown: Type of Beans Shipment Amount in pounds Cost Per Shipment in dollars Arabica 6000 7500 Robusta 7500 7125 Liberica 7500 6750 Excelsa 6000 7200 Juno 7500 7875 The Tameka Mix consists of 15% Arabica, 25% Robusta beans, 25% Liberica, 10% Excelsa, and 25% Juno. The Christian Mix consists of 20% of each type of beans, and the Tamia Mix consists of 25% Arabica, 15% Robusta beans, 15% Liberica, 25% Excelsa, and 20% Juno. Dr. Thompson analyzed the cost to get the beans ready and determined that the profit contribution per pound is $1.65 for the Tameka Mix, $2.00 for the Christian Mix, and $2.25 for the…
- 1. At the beginning of each semester, BOOKY can order 60, 80, or 100 copies of the book from the publisher, each with differing discounts per book. The ordering costs are listed in the following table. Number of Books Ordered 60 80 100 Ordering Costs 6100 7700 9100 2. BOOKY can either sell the book at the retail price ($130 per copy) or offer a 10% discount ($117 per copy). The demand distributions under different selling prices are listed in the following tables. The demand distribution for the textbook when the selling price is $130 per copy. Demand Probability 70 0.6 90 0.4 The demand distribution for the textbook when the selling price is $117 per copy. Demand Probability 80 0.15 100 0.85 3. Any unmet demand for the textbook will be irrecoverable There are two decision variables in this decision problem: the ordering quantity and the selling price of the textbook. a) If BOOKY is allowed to return unsold textbooks to the publisher for a refund of…Answer Questions a to e, based on the following information You run a small grocery store and have the following fruits in storage: 1000 apples, 1500 oranges, 75 watermelons, 100 peaches, and 125 mangos. You plan to package these fruits into gift sets and sell them during the New Year's Sale. The gift sets will be offered in 3 options. Each option is sold at a different price and subject to the following requirements in terms of the fruits that are in the bag: . Option A-Must contain 6 apples, 6 oranges, and 1 watermelon. Option B-Must contain 2 apples, 4 oranges, 1 peach, and 2 mangos. Option C-Must contain 1 watermelon, 1 peach, and 1 mango. Option A will sell for $100, option B will sell for $130, and option C will sell for $200. Assume that there is no limit on demand and that we allow fractional gift sets for simplicity. Your goal is to maximize revenue. Suppose we would like to formulate this as a LP problem, and have the following decision variables: TA =# of gift set A, B =# of…A handicraft products trader is selling leather cases for $40 the unit. To run his business, he needs to pay $10000 for rent, $5000 salaries, and another $5000 for marketing campaigns. The handicraft trader has the choice to import his products from different countries, and it will cost him $20 per unit if the product comes from China, $25 per unit if the product comes from India, and $15 per unit if the product comes from Malaysia. Questions: 1. If the trader must choose to import his products from one country, then which country will it be? 2. compute the trader’s profit if he sells 40 units imported from China and 50 units imported from India. 3. compute the trader’s profit if he imports only from China and sells 500 then 2000 units. Explain the obtained results. 4. What is the trader total cost from importing 100 units from Malaysia and 200 units from India ? 5. If the trader decides to import only from China, how many units he should sell to reach a profit of $2000? 6. If…