4. (Ch10) A retailer experiences a seasonal demand pattern for its services. Labor requirements over a typical six-month period follow. Period Requirement 1 2 12 10 Costs associated with operations are as follows: Wages = $1,500 per worker per month Hiring cost = $1,500 per worker Layoff cost = $1,500 per worker 3 12 4 8 5 9 6 8 The current workforce level is 11 workers. Use the spreadsheet approach and the preceding data to answer the following questions. a. What is the total cost of the staffing plan, including the cost of regular wages, hiring, and layoffs using a chase strategy with hiring and layoffs, but no overtime? b. What is the total cost of the staffing plan, using a level strategy in which no overtime is allowed, and the undertime paid for? c. Suppose that overtime is allowed up to 25% of the regular-time capacity, and that overtime wages are 150% of the regular-time rate. What is the total cost of the level strategy with overtime and undertime that also minimizes undertime?
Q: Which of the following statements is TRUE of a functional structure? It focuses on the company's…
A: Explanation : In the functional structure, it becomes easier for the employees to supervise one…
Q: HP produces printers for sale in Europe in its Vancouver, Canada factory. Printers sold in different…
A: Given: Lead Time = 6 weeksProbability of service level = 95%Then the z value corresponding to 0.95…
Q: Suppose you are trying to maximize NPV (net present value). You have five (5) potential projects to…
A: Given data is Projects A B C D E Year Amount available NPV ($) 600 1000 1700 1200 1500…
Q: N2 More specifically, what are the two main reasons why certain things should not be up for…
A: Products and services are the only two things that companies are ready to sell. But also for some…
Q: Which type of location analytics help Travelers expedite the claim process after a diaster?…
A: Analytic methods are used to find more information about any specific thing, factor, situation,…
Q: Temple Trucking Co. just hired Ed Rosenthal to verify daily invoices and accounts payable. He took 7…
A: Given, First day time T1 = 7 hour 42 minutes = 462 minutes Learning curve = 0.85 Learning…
Q: Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in…
A: Given data: Annual Demand (D) = 12,500 Working days in a year =250 Ordering cost (S) = $30.00 per…
Q: Should Laura talk with Drew’s manager about the situation now? Why or why not?
A: A cross-functional initiative to enhance customer service in her organisation has invited Laura…
Q: 3) Consider the assignment problem having the following cost table. Assignee A B C D a) Formulate…
A: Part (A): Decision Variables: Suppose-Xij be the decision variable, where assignee (i=1,2,3,4)…
Q: Management of a T-shirt manufacturer belleves if the company applies lean principles, then cycle…
A: Traditional Lean Cutting and the sewing processing 23 23…
Q: Amazon Web Services (AWS) is an ERP system.
A: When nearly all significant suppliers have made the decision to aggressively shift to the cloud,…
Q: uppose during your college life, every year you need $5,000 cash to spend in addition to the…
A: ANSWER : D = annual demand = $5000h =annual handling cost per unit = interest per unit =$ 0.05S =…
Q: The resourced-based view of the firm identifies four criteria that managers can use to evaluate…
A: VRIO Framework:Many tools are used to analyze sources of the competitive advantage firms. One of…
Q: Contrast the planning approach when dealing with data certainty verses uncertainty
A: The organizational aim will be to sustain in the market, and to increase the profitability status of…
Q: Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The…
A: Given data: Setup labor cost = $25/hr Annual Holding cost (H) = $12/unit Daily production (P) = 992…
Q: Kidnly answer the following and include steps: Financial planner Minnie Margin has a substantial…
A: Objective function=(R1−20)2+(R2−22)2+(R3−8)2+(R4+2)2 Constraints: (i) 22.37IS + 15.48LC + 17.42MC +…
Q: What does it mean to say that a project network is sensitive and why is that important to a project…
A: An organization's new initiatives or changes are initiated, organized, carried out, and overseen…
Q: explain how various parties/players affect the sourcing process give examples?
A: We can relate the terminology "sourcing process" with just how sourcing operates. We are all…
Q: A weighing process has an upper specification of 1.751 grams and a lower specification of 1.632…
A: Given: USL =1.751 gm LSL=1.631 gm Mean = 1.7 gm S.D = 0.023 gm
Q: v Transcribed Text Use the provided information to formulate an assignment model. Solve the…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: 7. SBS Juices sell orange juice. Every morning (7am) the manager has to decide on the amount (liter)…
A: Given, Mean m = 20 liters per day Standard deviation sd = 5 liters per day Selling price sp =…
Q: What is the probability that the project will be completed before the late-payment deadline
A: Expected Completion time = 145 working days Variance = 400 Required Competion = 180 days Standard…
Q: A local club is selling Christmas trees and deciding how many to stock for the month of December.…
A: Given data is as follows: Mean = 250SD = 40Cost = $11Selling = $49Salvage = $0
Q: For the the Clayton County Rescue Squad and Ambulance Service (Facility Location Nonlinear Model)…
A: Given data is
Q: Inventory Control A company anticipates there will be a demand for 20,000 copies of a certain book…
A: Annual demand = 20,000 Holding cost = $0.5 Set-up cost = $200 per order
Q: Trucks arrive randomly at the average rate of 5 per hour. A team of four warehouse workers can…
A: Given, Arrival rate a = 5 / hour Service rate s = 10 / hour Wq = a/(s*(s-a))
Q: Consider the following constraints from a two-variable Linear Program. (1) X ≥ 0 (2) Y ≥ 0 (3)…
A: Given: Constraints from a two-variable Linear Program- (1) X ≥ 0(2) Y ≥ 0(3) 5X + 4Y ≤ 50(4) 5X - 2Y…
Q: This is not Clear, can you please do it WITHOUT excel, Just normal optimization model simplex…
A: Decision variables: S = Investment to be made in stocks (in million SEK) B = Investment to be made…
Q: a) The total amount of hours to build the 13 units = b) The average time to build each of the 13…
A: Time is taken for the first unit = 760 hrs Learning rate = 85%
Q: Case 12. FOUR ACES CONSTRUCTION AND HARDWARE SUPPLY: Here, There, and Everywhere In 1964, four girls…
A: Introduction - The case "Four Aces Construction and Hardware supply: Here, There, and Everywhere"…
Q: Because Tt reflects the overall trend component in the time series up to period t, we need to set…
A: Trend-adjusted exponential smoothing: Trend adjusted exponential smoothing method is…
Q: In the basic EOQ model, if the cost of placing an order doubles, and all other values remain…
A: Let us assume that the initial order cost as "x" Now if we double the order cost it will be "2x" The…
Q: You are deciding between continuing to buy preassembled bikes and manufacturing your bikes. There…
A: Annual sales = 500 bikes Sales over 2 year period = 2 x 500 = 1000 bikes
Q: Martha Manufacturing makes three products. Each product requires manufacturing operations in three…
A:
Q: Kelly-Lambing, Inc., a builder of government contracted small ships, has a steady work force of 10…
A: The learning curve depicts a situation where a task is done repeatedly. This formula shows that if a…
Q: QUESTION THREE The forecast for each week of an eight-week schedule is 50 units. The MPS rule is to…
A: The concept of master scheduling is very important when it comes to managing business operations. A…
Q: A. What is the critical path for this project network? A-B-C-D-E-F-G-H A-C-F-H…
A: Activity diagram: Possible paths: A-C-F-H A-D-G-H B-E-G-H
Q: ollowing elements, EXCEPT for which one? Group of answer choices A Final approval of the end…
A: Project closing At this point, the project management process is complete. Following the final…
Q: An insurance company has a life insurance policy, which have 10,000 clients, each client pays 200…
A: Ans) Total Number of Clients = 10000 Each client pays 200 yuan per year Formula: Total Money…
Q: In a recent review meeting, the client has insisted you complete the project on time. You would like…
A: Given data is Earned value (EV) = $176,500 Actual cost (AC) = $223,500 Planned value (PV) = $229,100…
Q: E-Book break-even analysis. Eastman Publishing Company is considering publishing an electronic…
A: The break-even analysis is an approach to determining the level of output at which the fixed and…
Q: A project has the following activities, with specified precedents and expected durations (in hours).…
A: Forward Pass:Early Start (ES) = Max EF value from immediate Predecessor(s)Early Finish (EF) = ES +…
Q: wen the following MRP matrix: LLC: 0 ITEM: X LOT SIZE: MIN 100 Gross Requirements Scheduled Receipts…
A: Ans) Total Inventory or Project on hand to through period 1 to 7 = (10+30+80+30+70+90+10) = 320…
Q: a) the 10th transplant 10.40 hours (round your response to two decimal places). b) The cost of 10th…
A: Given: Cost per hour of surgery = $5000 Learning Rate = 75% Time is taken for the first transplant =…
Q: Problem 16-15 (Algo) The owner of a large machine shop has just finished its financial analysis from…
A: Given- Net revenue = $350,000Cost of goods sold = $307,000Value of production materials on-hand =…
Q: Pls solve this question correctly instantly in 5 min i will give u 3 like for sure Identify two…
A: The employee management in the company is very much important for an organization to be successful…
Q: A. Construct a network for the project outlined below and determine the critical path time. B.…
A: As per the guideline, the first three sub-parts are taken for answering purposes, Here, for the…
Q: You are the SVP of Operations and when reviewing the assessments of your team one team member writes…
A: A variation in lean six sigma is something that is or might begin to drive the growth of waste (s).…
Q: A manufacturer maintains an inventory of needles. Inventory consumption is constant at 1200 needles…
A: Ans) Formula: Reorder Point = Average Daily usage*Lead Time + Safety stock Average daily usage =…
Q: The weighted factors for alternatives A, B, and C are as follows: Weighted factors for alternative A…
A: A manager engages in the selection of feasible projects, management of work of a team, aligning the…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 6 images
- The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. The following is an excerpt from the final report Net revenue $ 343,000 Cost of goods sold 302,000 Value of production materials on hand 42,500 Value of work-in-progress inventory 69,000 Value of finished goods on hand 28,000 Compute the inventory turnover ratio (ITR). (Round 1 decimal place) Compute the weeks of supply (WS) (Do not round immediate calculation. Round 1 decimal place)Ranger Supply Company is a large manufacturer and distributor of office supplies.It is based in New York but sends supplies to firms throughout the United States.It markets its supplies through periodic mass mailings of catalogues to those firms.Its clients can make orders over the phone, and Ranger ships the supplies upondemand. Ranger has had very high production efficiency in the past. This isattributed partly to low employee turnover and high morale, as employees areguaranteed job security until retirement. Ranger already holds a large proportionof the market share in distributing office supplies in the United States. Its maincompetition in the United States comes from one U.S. firm and one Canadian firm.A British firm has a small share of the U.S. market but is at a disadvantage becauseof its distance. The British firm’s marketing and transportation costs in the U.S.market are relatively high.Although Ranger’s office supplies are similar to those of its competitors, it has…1. Foxie Owl’s Besty Bagel shop makes fresh bagels. She has to buy raw materials fresh every day for selling on that day. She wants to know exactly how much should she spend on raw materials. Foxie did some analysis over the past month and came back with the following numbers: Daily demand was equally likely to be 200, 225, 250, 275, or 300 bagels. What should be the number of bagels on hand to satisfy a Fill Rate requirement of 96%, rounded to next integer value? Group of answer choices 300 275 286 263 2. Suppose that instead of a discrete demand distribution, Foxie’s shop determines that the daily demand for bagels is normally distributed, with a mean of 250 and a standard deviation of 35. Foxie still wants a Fill Rate of 98%. What is the appropriate level of on-hand inventory for Foxie’s shop? Group of answer choices 263 274 257 270
- Problem 16-15 (Algo) The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $ 378,000 Cost of goods sold 323,000 Value of production materials on hand 42,500 Value of work-in-process inventory 55,000 Value of finished goods on hand 21,500 Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.). Case: Flamingo Educational Services Flamingo Educational Services, a company located in the Tema metropolis, is a nationwide market leader in the publishing and distribution of textbooks for first and second cycle schools. Somehow, Flamingo does not use forecasts for production planning. Instead, the operations manager decides which books to produce and the batch size, based on orders and the amounts in inventory. The books that have the fewest amounts in inventory get the highest priority. Demand is uneven, and the company has experienced being overstocked on some items and out of others. Being under-stocked has occasionally created tensions with managers of the retail bookstores the company works with. Flamingo is on the verge of losing a lucrative contract with the Ghana Education Service over a complaint that the books produced over the last four months have defective binding as well as slight but noticeable variations in print quality and sizes of the…The term in the airline industry may be used to refer to s situation where an empty seat is recorded on a flight. Select one: a. Marginal cost b. Overhead cost c. Marginal loss d. Revenue loss Widner Industries reports annual sales of Ghc160 million, cost of goods sold of Ghc120 million, inventory of Ghc20 million, and net income of Ghc5 million. What is Widner's annual inventory turns? Select one: a. 8 turns per year b. 6 turns per year c. 0.17 turns per year d. 4 turns per year
- c. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). MONTH PRODUCTION DAYS DEMAND FORECAST DEMAND PER DAY JAN 2022 16 150 ? FEB 2022 16 150 ? MAR 2022 23 250 ? APR 2022 21 250 ? MAY 2022 22 400 ? JUN 2022 22 500 ? JUL 2022 21 600 ? AUG 2022 20 750 ? SEP 2022 20 450 ? OCT 2022 20 250 ? NOV 2022 16 150 ? DEC 2022 16 150 ? TOTAL ? ? d. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number). e. Prepare a graph showing the monthly forecasts and average daily forecast (in units per day) for MPQ Limited.Hickory Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years. Year Forecast Demand 1 60 2 79 3 81 4 5 84 84 Currently the manufacturer has seven machines that operate on a two-shift (eight hours each) basis. Twenty days per year are available for scheduled maintenance of equipment with no process output. Assume there are 250 workdays in a year. Each manufactured good takes 25 minutes to produce. a. What is the effective capacity of the factory? b. Given the five-year forecast, how much extra capacity is needed each year? c. Does the firm need to buy more machines? If so, how many? When?A manager faces peak (weekly) demand for one of her op-erations, but is not sure how long the peak will last. She caneither use overtime from the current workforce, or hire/lay off and just pay regular-time wages. Regular-time pay is$500 per week, overtime is $750 per week, the hiring cost is$2,000, and the layoff cost is $3,000. Assuming that peopleare available seeking such a short-term arrangement, howmany weeks must the surge in demand last to justify a tem-porary hire? Hint: Use break-even analysis (see SupplementA, “Decision Making”). Let w be the number of weeks ofthe high demand (rather than using Q for the break-evenquantity). What is the fixed cost for the regular-time option?Overtime option?
- Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the first month of operations: a. Materials purchased on account, $29,800. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $ 2,960 $2,775 302 3,620 3,750 303 2,400 1,875 304 8,100 6,860 305 5,100 5,250 306 3,750 3,340 For general factory use 1,080 4,100 c. Factory overhead costs incurred on account, $5,500. d. Depreciation of machinery and equipment, $1,980. e. The factory overhead rate is $54 per machine hour. Machine hours used: Job Machine Hours 301 25 302 36 303 30 304 72 305 40 306 25 Total 228 f. Jobs completed: 301, 302, 303 and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $8,250; Job 302, $11,200; Job 303, $15,000. Required: 1. Journalize the entries to record the…A manager faces peak (weekly) demand for one of her op-erations, but is not sure how long the peak will last. She caneither use overtime from the current workforce, or hire/lay off and just pay regular-time wages. Regular-time pay is$550 per week, overtime is $825 per week, the hiring cost is$2,000, and the layoff cost is $3,000. Assuming that peopleare available seeking such a short-term arrangement, howmany weeks must the surge in demand last to justify atemporary hire? Hint: Use break-even analysis (see Supple-ment A, “Decision Making Models”). Let w be the numberof weeks of the high demand (rather than using Q for thebreak-even quantity). What is the fixed cost for the regular-time option? Overtime option?Supply/Demand Info Predicted Sales Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost/hour Overtime cost/ton Subcontracting costiton Holding cost ton/month Hiring cost employee Firing cost/employee Beginning Apr May 4,200 531 $20 $32 $25 $10 $3.700 $4.000 Jun 51,500 50.300 61,600 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/ton Regular production tons/employee/month Max regular production (tons/month) Max overtime production (tons/month) Max subcontractor production (tons/month) 3 100 56,700 3,700 6,000 Jul Aug Sep 45,400 56.600 62,800 Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with only the use of regular production and no inventory left over at the end of the six-month period. What is the regular…