Operations Management
14th Edition
ISBN: 9781260238891
Author: Stevenson
Publisher: MCG
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Chapter 19, Problem 3P
(a)
Summary Introduction
To determine: The quantities of H and W that can maximize profits by using both the objective function method and enumeration method when a manufacturer produces two models of ovens H and W which need fabrication and assembly work. Each H uses 4 hours of fabrication and 2 hours of assembly, and each W model uses 2 hours of fabrication and 6 hours of assembly. Total fabrication hours that are available this week are 600 and 480 for assembly hours. Each H model contributes $40 to profits and each W contributes $30 to profits.
Introduction: A trend equation is used to calculate or identify the expected level of output according to the trend followed by sales.
(b)
Summary Introduction
To determine: How many units of every model needed to be produced if the goal is profit maximization by using the objective function method and enumeration method where two refrigerator models L and M involve limited hours for assembly and fabrication. 540 hours are available for fabrication and 600 hours for assembly this week and each model of L needs 6 hours for fabrication and 3 hours for assembly whereas, M needs 4 hours of fabrication and 5 hours for assembly. Every unit or model of L contributes $50 to profit and M produces $40. Therefore, it is needed to determine
Introduction: A trend equation is used to calculate or identify the expected level of output according to the trend followed by sales.
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29) XYZ Company
The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500.
In order to calculate the EOQ, the XYZ company utilizes the __________ model.
Group of answer choices
a) Basic EOQ
b) Production Quantity
c) Optimal Production
30) XYZ Company
The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500.
Assume the XYZ company orders 9,000 handles at a time (not necessarily the economic order quantity). The order receipt period = _____ days.
Group of answer choices
a) 6.0
b) 5.8
c) 30.0
d) 51.4
e) 50.0
Joint Products Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin,from a joint process. The joint costs incurred are $420,000 for a standard production run that generates 180,000 pints of Smooth Skin and 120,000 pints of Silken Skin. Smooth Skin sells for $2.40 perpint, while Silken Skin sells for $3.90 per pint.Required1. Assuming that both products are sold at the split-off point, how much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method?2. If no separable costs are incurred after the split-off point, how much of the joint cost of each productionrun is allocated to Silken Skin using the physical measure method method?3. If separable processing costs beyond the split-off point are $1.40 per pint for Smooth Skin and $0.90 perpint for Silken Skin, how much of the joint cost of each production run is allocated to Silken Skin usinga net realizable value method?4. If separable processing costs beyond the…
Chapter 19 Solutions
Operations Management
Ch. 19 - For which decision environment is linear...Ch. 19 - What is meant by the term feasible solution space?...Ch. 19 - Explain the term redundant constraint.Ch. 19 - Prob. 4DRQCh. 19 - Prob. 5DRQCh. 19 - Prob. 6DRQCh. 19 - Prob. 1PCh. 19 - Prob. 2PCh. 19 - Prob. 3PCh. 19 - A small candy shop is preparing for the holiday...
Ch. 19 - A retired couple supplement their income by making...Ch. 19 - Solve each of these problems by computer and...Ch. 19 - Prob. 7PCh. 19 - For Problem 6b: a. Find the range of feasibility...Ch. 19 - Prob. 9PCh. 19 - Prob. 10PCh. 19 - Prob. 11PCh. 19 - The manager of the deli section of a grocery...Ch. 19 - Prob. 13PCh. 19 - A chocolate maker has contracted to operate a...Ch. 19 - Prob. 15PCh. 19 - Prob. 16PCh. 19 - Prob. 1.1CQCh. 19 - Prob. 1.2CQCh. 19 - Prob. 1.3CQCh. 19 - Prob. 2.1CQCh. 19 - Prob. 2.2CQCh. 19 - Prob. 2.3CQCh. 19 - Prob. 2.4CQ
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