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- When an operation improves its efficiency, its revenue will always stay constant, whileits costs will go down. True or false?a. Trueb. FalseIt has been shown that by steadily and carefully increasing output there will be a decrease in a firm’s production per-unit cost. This effect is known as “ economies of scale” True falseWhat is the difference between a push system and a pull system?(a) A push system favors running a machine, even if there exists no demand for it.(b) In a pull system, the last resource is paced directly by demand.(c) Generally, there will be less inventory in a pull system.(d) All of the above
- Which of the following operational decisions correspond(s) to the price component of the consumer utility function? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) When will the demand be fulfilled? What are the shipping charges to the customer? What is the product or service to be delivered? Where will the demand be fulfilled?Which of the following operational decisions correspond(s) to the price component ofthe consumer utility function?Instructions: You may select more than one answer.a. When will the demand be fulfilled?b. What are the shipping charges to the customer?c. What is the product or service to be delivered?d. Where will the demand be fulfilled?1. Rapid-Lube provides oil changes and lubes. The estimated number of oil changes for April and May are 3,600 and 4,000. Each oil change takes 12 minutes of direct labor. The wage rate is $10 per hour. Overhead is $3,700 per month and $2 per oil change. Budgeted overhead for May is $__________________. Budgeted overhead for April is $__________________. Budgeted direct labor for May is $__________________. Budgeted direct labor for April is $__________________. 2. You have decided to throw a party next weekend for 20 friends. The friends are going to bring health food, so all you have to have available are the drinks. You estimate that, on average, each person will drink four bottles of soft drinks. Three of your friends will drink only natural soda without unneeded color so Sulo Ginger Ale should work well for them. For the others, you decide to buy Sulo Cola. Before going online, you check the refrigerator you already have six bottles of Sulo Ginger Ale and 14 of Sulo Cola.…
- Transforming resources can be classified as the following except…. A. Value added B. Conversion C. Consumables D. Nonecan someone walk me through this? You supervise an aging production line that constantly needs maintenance and new parts. Last month you spent $25,000 replacing a failed controller. . The net installed cost of the new line is $600,000 with a useful life of 6 years. First year of operation will cost $100,000 and will generate annual revenues of $300,000. Each year the operating cost will increasse by $5,000 and revenues will fall $15,000. After 6 years the equipment will have a value of $100,000 in the next re-building of the line. lets break this in to 4 sections. 1)the cash flow diagram 2) net present value of the costs 3) net present value of the costs 4) npw 5) Should the following plan be accepted if the interest rate is 15%Which of the following statements is true? In a factory operating at capacity, every machine and person should be working at the maximum possible rate. One way to increase the effective utilization of a bottleneck is to reduce the number of defective units.
- Please do not give solution in image format thanku Meals are the flow unit in a process with two sequential resources. The capacities of the resources are 28 and 24 meals per minute. Demand occurs at the rate 31 meals per minute. What is the utilization (%) of the second resource? Note: Round your answer to 1 decimal place.A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for manufacturing. Assume that the daily demand for hubs allows all defect-free hubs to be sold. Additionally, tested or rejected hubs cannot be sold. Find the process that maximizes profit per day if each part is made from $4 worth of material and can be sold for $32. Both processes are fully automated, and variable overhead cost is charged at the rate of $39 per hour. Process 1 Process 2 Production rate 36 parts/hour 15 parts/hour Daily production time 4 hours/day 8 hours/day Percent of parts rejected based on visual inspection 22% 10% Question content area bottom Part 1 The profit per day for Process 1 is (Round to the nearest cent.)I need the excel formulas for the following, please! A concession stand manager at a baseball game must decide whether to have the souvenir vendors sell sun visors or umbrellas. There is a 30% chance of rain, a 15% chance of clouds, and a 55% chance of sunshine, according to weather predictions for the game. Because supplies can only be ordered 3 days before each game, the stand manager is unable to waituntil the day before the game to acquire the materials to be sold. The manager estimates the following profits will result from each decision, given the weather conditions. Given the following table, select the best decision using the following decision criteria.• Maximin• Maximax• Maximum likelihood criterion• Bayes’ decision rule Decision Rain Cloudy Sunny Sun Visors $-500 $-200 $1,500 Umbrellas $2,000 $0 $-900 Prior Probabilities 0.30 0.15 0.55