Tom Schmid is thinking about buying a Nordic ski machine. The three factors important to him are price, ease of use, and the ability to store the exercise equipment in a closet when he is done using it. Given the following data, help Tom determine the best machine for him: FACTOR WEIGHTS FACTOR IMPORTANCE WEIGHT Price 0.9 Ease of use 0.75 Storage 0.6 FACTOR EVALUATIONS FACTOR PROFESSIONAL NORDIC SKIER ECONO NORDIC SKIER Price 0.5 0.8 Ease of use 0.95 0.6 Storage 0.9 0.7
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- Techno Corporation is currently manufacturing an item at variable costs of $5 per unit. Annual fixed costs of manufacturing this item are $140,000. The current selling price of the item is $10 per unit, and the annual sales volume is 30,000 units. so Techno can substantially improve the item’s quality by installing new equipment at additional annual fixed costs of $60,000. Variable costs per unit would increase by $1, but, as more of the better-quality product could be sold, the annual volume would increase to 50,000 units. Should Techno buy the new equipment and maintain the current price of the item? Why or why not?Table below is the cost breakdown per pound for typical big three cereal firms and private labels, which is constructed based on the Exhibit 2 and other information of RTE cereal case. Analysts believe that big three firms can drive private labels out of the market if big three lower their prices by 8 cents. What is the best recommendation of strategist to big three firms? Exhibit 2. Cost Breakdown per Pound for Typical Big Three Cereal Firms and Private Labels (a) Big three should lower their prices by 8 cents because it will increase their market share. (b) Big three should not lower their prices because it is too cruel to private labels. (c) Big three should consider if the profit when they drive private labels out of the market while lowering the price is greater than the profit when they let the private label in the market while keeping their prices. (d) None of the above. Explain each of the alternatives.1. based on the statement below come up with a problem statement that is best; “What are some causes of rising food prices and the challenges faced by rural farmers in Mt. Royal, Carriacou”.
- Kraft Bakeries introduced in 2019 a new line of frozen apple pie. For 2019, sales by quarter were asfollows: 11,000 units, 16,000 units, 15,000 units, and 20,000 units. Because of aggressive marketing and promotion, the company expects that sales for each quarter of 2020 will be 25% higher thanthe respective quarter in 2019. The selling price per unit in 2020 is expected to be $4. What are theexpected sales, in units and dollars, for the second quarter of 2020? For the third quarter of 2020?A builder has located a piece of property that she would like to buy and eventually build on. The land is currently zoned for four homes per acre, but she is planning to request new zoning. What she builds depends on the approval of zoning requests and your analysis of this problem to advise her. With her input and your help, the decision process has been reduced to the following costs, alternatives, and probabilities:Cost of land: $2 millionProbability of rezoning: .60If the land is rezoned, there will be additional costs for new roads, lighting, and so on, of $1 million. If the land is rezoned, the contractor must decide whether to build a shopping center or 1,500 apartments that the tentative plan shows would be possible. If she builds a shopping center, there is a 70 percent chance that she can sell the shopping center to a large department store chain for $4 million over her construction cost, which excludes the land; and there is a 30 percent chance that she can sell it to an…Techno Corporation is currently manufacturing an item at vanable costs of $4 per unit. Annual fixed costs of manufacturing this item are $141,000. The current selling price of the item is $10 per unit, and the annual sales volume is 35,000 units a. Techno can substantially improve the item's quality by installing new equipment at additional annual fixed costs of $55,000 Vanable costs per unit would increase by $1, but, as more of the better-quality product could be sold, the annual volume would increase to 60,000 units. Should Techno buy the new equipment and maintain the current price of the item? Why or why not? because the profit from $to $(Enter your responses an integers)
- 1. A builder has located a piece of property that she would like to buy and eventually build on. The land is currently zoned for four homes per acre, but she is planning to request new zoning. What she builds depends on approval of zoning requests and your analysis of this problem to advise her. With her input and your help, the decision process has been reduced to the following costs, alternatives, and probabilities: Cost of land: $2 million. Probability of rezoning: 0.60. If the land is rezoned, there will be additional costs for new roads, lighting, and so on of $1 million. If the land is rezoned, the contractor must decide whether to build a shopping center or 1,500 apartments that the tentative plan shows would be possible. If she builds a shopping center, there is a 70 percent chance that she can sell the shopping center to a large department store chain for $4 million over her construction cost, which excludes the land; and there is a 30 percent chance that she can sell it to an…Lynette is interested in finding a sedan car for work. Below is the summary of her criteria and the choices that she has selected as potential cars that she may purchase. She wants you to find out the best alternative based on these data. Note: Calculate the data given below in the same way as the rating scale. There is no need to convert the data into the rating scale before the calculation. Criteria Weight Toyota Camry Volkswagen Passat Mazda 6 Hyundai Sonata Objective Drive-away price 8 $51,673 $57,399 $55,040 $55,692 Min Engine size (L) 3 2.5 2.0 2.5 2.5 Max Fuel tank capacity (L) 5 50 66 62 60 Max Power:Weight (W/kg) 5 97.3 108.3 104.8 130.2 Max Max torque (Nm) 4 221 350 420 422 Max Fuel consumption (L/100km) 7 4.7 6.9 7.6 8.1 Min Service cost (5 yr) 6 $1,940 $2,692 $2,310 $1,446 Min14. Stephanie, the supply chain analyst of Nestle is asked to present an expansion plan for thecompany. The plan is either to construct a plant, open a distribution center, or do nothing. Fromthe plant construction, the company will gain 80,000Php if the market turns favorable, loss of10,000 if average, and loss of 50,000 if unfavorable. From opening a distribution center, thecompany will gain 40,000Php if favorable, gain 20,000Php if average, and loss of 30,000Php ifunfavorable. And if the decision is do nothing, the company will gain nothing regardless of themarket turnout. Then, he was able to determine further the probability of occurrence of eachtype of market. The probability of occurrence is 60%, 25%, and 40%, respectively. He also foundout that he can buy the information on what will really happen to the market for 2,000Php.a. What should be the analyst’s decision?b. How much gain or loss will he expect for the company?c. Should he buy the perfect information? Why or why not?d.…
- what is the problem statement?Part (I) Fills In The Blank Space 1. ________________are factors that limit the solution of the problem. 2. Many feasibility studies are disillusioning for both _________and________. 3._______________: Not all projects submitted for evaluation and review are judged acceptable. 4. _________:This strategy obtains information from users by simply asking them about the requirements. 5. ______________is the most frequently used method for evaluating the effectiveness of a candidate system. 6. _______________centers around the existing computer system (hardware, software, etc.) 7. _____________:People are inherently resistant to change, and computers have been known to facilitate change 8. The purpose of the preliminary investigation is to evaluate ___________________. 9. ________and_______ traditionally do not share a common orientation toward problem definition.. 10. ________This simply means communicating the decisions already reached on system recommendationsThe Betterbilt Construction Company designs and builds residential mobile homes. Thecompany is ready to construct, in sequence, 16 new homes of 2,400 square feet each. Thesuccessful bid for the construction materials in the first home is $64,800, or $27 per square foot.The purchasing manager believes that several actions can be taken to reduce material costs by8% each time the number of homes constructed doubles. Based on this information,a. What is the estimated cumulative average material cost per square foot for the first fivehomes?b. What is the estimated material cost per square foot for the last (16th) home?