You are the manager of a project to improve a billing process at your firm. The table below contains the data you will need to conduct a cost analysis of the project. Indirect costs are $1,800 per week, and penalty costs are $800 per week after week 12. Activity A B D E F Immediate Predecessor(s) A B B, C D Normal Time (weeks) Crash Time (weeks) 4 1 3 1 3 6 5 1 6 7 7 6 Normal Cost ($) 5,000 7,500 4,000 6,500 3,500 4,000 The minimum.cost schedule costs less then using the "normal" timer (Enter your Crash Cost ($) 8,500 9,500 4,000 12,500 7,000 7,000 a. What is the minimum-cost schedule for this project? The minimum-cost schedule is weeks. (Enter your response as an integer.) b. What is the difference in total project costs between the earliest completion time of the project using "normal" times and the minimum-cost schedule you derived in part (a)? as an integer)
Q: Chiltern Farms “[T]he beautiful valley of Vyeboom nestled between the majestic Franschhoek Mountains…
A: Supply Chain Management relates to the distribution network that is laid out to move or dispatch…
Q: Discuss the importance of following a well-integrated change control process on IT projects. What…
A: A formal approach is called "Change Control." It is configured to allow project teams to change the…
Q: Define "knowledge-based systems"
A: A type of artificial intelligence (AI) known as a knowledge-based system (KBS) aims to support…
Q: ations of usin
A: They can prioritize activities using a weighted score with the aid of the decision matrix or the…
Q: Case Study: Nina Lopez and Matt O’Rourke have been trying to raise capital to expand their growing…
A: Introduction: Nina Lopez and Matt O'Rourke are entrepreneurs, who runs a cupcake business called…
Q: The Bijou Theater shows vintage movies. Customers arrive at the theater line at the rate of 100 per…
A:
Q: Research and answer the following: 1. What is Capacity? 2. Describe ways of defining and measuring…
A: "Since you have asked multiple questions, we will answer the first question for you. If you want any…
Q: Determine the most profitable number of each model of robot to produce during the coming month. [PX]
A: Linear programming is a mathematical technique that is also used in operations management…
Q: M. P. VanOyen Manufacturing has gone out on bid for a regulator component. Expected demand is 675…
A: Ans) EOQ = Sqrt (2*D*S/H) D = Annual Demand = 675*12 = 8100 S = $ 45 H = $ 5
Q: Use this data and build a model to forecast annual maintenance expenses based on the weekly usage in…
A: Given the data stated below, for this given data, I would use a linear trend regression forecast To…
Q: The McGranger Mortgage Company is interested in monitoring the performance of the mortgage process.…
A: To measure the ability of a process that whether it is able to meet the specifications targets or…
Q: CASE STUDY In September 2020, ACME Fabricators advised its staff that their new factory and offices…
A: Risk management program refers to the program developed to identify the events which effect the…
Q: An engineering firm retains a technical specialist to assist four design engineers working on a…
A: Based on the question description, the following information is extracted. Number of design…
Q: Which term describes a product produced as part of a project? Work package Deliverable…
A: All outputs, physical or intangible that were already presented as part of something like a…
Q: Order-fulfillment lead time is ______. Multiple Choice the average time it takes from the…
A: Lead time for an activity is the time required for the completion of an activity from its…
Q: Read the case study below and answer ALL the questions that follow. CRISIS IT In May 2007, Frontier…
A: A stakeholder analysis - is the method for determining the individuals that involve prior to the…
Q: What is the difference between process versus product layout? Where is each best?
A: Here, I would establish the difference between process layout and product layout with examples,…
Q: Discuss why many modern organizations adopt a just-in-time philosophy for their manufacturing…
A: Just-in-time is a kind of inventory system where the company or the buyer makes an order only when…
Q: Jabez Contractors installs network routers. Using the CPM method and in reference to the table…
A: The critical path method is one of the methods to manage large-scale projects, managing timelines,…
Q: Lower days of supply means O more, more O more, less les, more O less, less inventory. Lower turns…
A: The goal of any business is to sell as much product as possible in as little time as possible, so…
Q: During which relationship is the “from” activity unable start until the “to” activity is started?…
A: Finish-to-start (FS) implies that the "from" activity can only start when the "to" activity has…
Q: b. What is the optimal shipment size? Note: Assuming 50 weeks per year. Round your answer to the…
A: Given dat Annual Demand (D) = 50 x 250 = 12500 Units Fixed Ordering Cost Per Order(O…
Q: Read the case study below and answer ALL the questions that follow. CRISIS IT In May 2007, Frontier…
A: The weighted scoring model A weighted scoring model - is related to the estimation tool that…
Q: Based on available information, lead time demand for PC thumb drives averages 51 units (normally…
A: Given data; d Average Demand 51 units SD Standard deviation 5 units Service level 98%…
Q: 5- A sourcing strategy for procuring leverage items would be to? a-use reverse auctions.…
A: Note: - Since we can answer only one question, we will answer question 5 here. If an answer is…
Q: (1) Find an optimal assignment of trucks to routes to minimize the total cost (using the Hungarian…
A: The Hungarian Method is a way of solving assignment problems. It works by picking the variable that…
Q: examine the factors that you consider influential in determining the success of a project. Your…
A: A project is a temporary endeavor started to produce an original good, service, or outcome. The…
Q: 1. What is the forecast for week 101 using last period demand? 2. What is the forecast for week 101…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: The Chattanooga Furniture store gets an average of 72 customers per shift. Marilyn Helms, the…
A: Arrival Rate = 72 customers per shift Cost of waiting = $1 min per customer Cost of salesperson per…
Q: A project is scheduled to complete in six months duration. There are two activities in the project.…
A: Given data is
Q: One mechanic services 7 drilling machines for a steel plate manufacturer. Machines break down on an…
A: When the source of the population is finite-number of customers or units in the queue is limited,…
Q: What is the difference between process versus product layout? Where is each best
A: A Process layout uses several sites for machine setup to create a more excellent range of items.…
Q: Guarantee and reputation are examples of what an augmented product is likely to offer. true or…
A: Guarantee and reputation are examples of what an augmented product is likely to offer. true or…
Q: The Ottery Creek Winery produces three kinds of table wine - a blush, a white, and a red. The winery…
A: Let Blush wine, white wine and red wine be represented by B, W and R respectively. Maximize…
Q: It takes an operator 1.70 minute to service a machine and 0.2 minute to walk to the next machine.…
A: From the given description, the following information can be extracted. Service time (l) = 1.70…
Q: a) What will be their hourly output? b) If there are 45 tests to grade, how long will the grading…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: If the annual demand is 14,000, the number of working days is 330 in a year, and the delivery lead…
A: As per guideline, expert can only solve first question ' s sub part. So please upload remaining part…
Q: Why is a Sales forecast and Sales Budget so important to the Supply Chain process?
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: Data collected on the yearly registrations for a Six Sigma seminar at the Quality College Year 1…
A: A time series forecasting technique called exponential smoothing may be expanded to handle data with…
Q: Note: This question requires Solver. Formulate the problem in Solver and find the optimal solution.…
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from…
A: Ans) Data: Annual Demand = D = Weekly Demand*52 = 50*52 = 2600 S = ordering cost = 260 Unit cost = c…
Q: I What is the bullwhip effect and how does it relate to lack of coordination in the supply chain?
A: The bullwhip effect occurs in distribution channels when supply chain inefficiencies are caused by…
Q: 1- A sourcing strategy for items in the leverage quadrant will be to build long-term alliances with…
A: Ans) 1) A sourcing strategy for items in the leverage quadrant do not means to build long term…
Q: One appropriate measure to reduce replenishment lead times is to a. reduce flexibility. b. increase…
A: Companies should compare their processing times to standards to find solutions to reduce lead times…
Q: With reference to the case study, discuss the main reasons that have been influential in…
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: The Bijou Theater shows vintage movies. Customers arrive at the theater line at the rate of 100 per…
A: From the question description, the following information can be extracted. Arrival rate λ = 100 per…
Q: Analyse three (3) key differences between lean and the theory of constraints (TOC) as approaches to…
A: Operations management is an important function for any organization, and it can be applied to both…
Q: XYZ firm operates factories in three towns (A, B, and C), which distribute to three retail stores…
A: Considering the problem as a unbalanced problem (total demand and Supply are not equal, we must…
Q: Based on the following BPMN diagram: List the main elements in the diagram. Illustrate the model…
A: BPMN or business process modeling and notation is a concept where certain processes or systems are…
Q: Explain Three (3) approaches that a buyer could take to obtain reliable information about suppliers’…
A: Here, let me describe the three approaches that a buyer could take to get reliable information about…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
- Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,400 units) Variable expenses Contribution margin $ 112,200 50,490 61,710 Fixed expenses 45,700 Net operating income $ 16,010 If the company sells 3,900 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) Multiple Choice $61,710 $70,785 $92,700 $18,364Describe the process of conducting a business impact analysis (BIA) and its role in developing a continuity plan.Let’s assume you are the new full time manager that the school has hired to take over running the wellness center and create 2 new programs to bring in more students/faculty to use the facilities. You need to create a proposal to give to the school on ways to improve the wellness center. What equipment is necessary to add to the wellness center? (AED, CPR certification for all employees?) What else would you want to add to the wellness center? How much would they cost? Please list out the costs ( ex: 3 treadmills: $ 3000/treadmill = $9000, Fresh towels: 25 towels at $3/each = $75) Use your imagination here. What would make the wellness center inviting? New Tvs? Towels? Better equipment? Music system? Outdoor classes that need equipment? You have to use the space you have but be creative! You have $25,000 ! Spend it! You will need to search for this information online. Please be sure to include references from where you found your costs. New Proposed Equipment: Item…
- Instruction: Conduct a SWOT Analysis for the College of Business Administration and Accountancy. Minimum of three (3), Maximum of 7. Do not write anything in the colored area of the matrix. Table 1. SWOT Matrix for CBAA 1. 2. 3. 4. 5. 6. 7. 2. 3. 4. 5. 6. 7. SWOT MATRIX CBAA OPPORTUNITIES THREATS 1. 2. 3. 7. STRENGTHS 1. 2. 3. 4. 5. 6. 7. WEAKNESSES Page 1 of 2Problem 1. During your first month as an employee at Greenfield Industries (a large drill- bit manufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on a turning machine. Your boss' memorandum to you has practically no information about what the alternatives are and what criteria should be used. The same task was posed to a previous employee who could not finish the analysis, but she has given you the following information: An old turning machine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit. The in-house technicians have given an estimate of $40,000 to modify this machine, and they assure you that they will have the machine ready before the projected start date (although they have never done any modifications of this type). It is hoped that the old turning machine will be able to meet production requirements at full capacity. An outside company, McDonald Inc., made the machine seven years ago and can…How do firms decide what the upper and lower tracking limits should be?
- List the types of costs incurred when employees are laidoff. What costs are difficult to estimate in monetary terms?Suppose that a firm is facing a downturn in business, eachemployee has skills valued at $40,000 per year, and it costs$100,000 to lay off an employee. If business is expected to im-prove in one year, are layoffs financially justified? What is the“payback” period for the layoff decision?Match the following: 1. Reposition a product - 2. Marketing a product - 3. Scheduling production- 4. Modifying plant and equipment- 5. Raising money and paying debt- 6. Inventing a new product- A. Action steps include:Research the opportunity in the segment in the CourierSelect appropriate product attributes - Performance, Size, MTBFDisplay the R&D worksheet.Enter the product attributesNote the R&D completion dateDisplay the Production worksheetOrder capacity and automation (optionally, wait a year)Display the Finance worksheetFund the plant with stock and bond issuesSave the decisions B. Action steps include:Research the competitive environment in the CourierDisplay the Marketing worksheetEnter decisions for Price, Promotion and Sales BudgetsObserve the decision impact upon the computer's forecastDevelop a worst case estimate for demandEnter your worst case estimate for in the sales forecastSave the decisions C. Action steps include:Estimate peak demand…More information has been released on the case related to the Great Eastern Hotel we saw in the first assignment. The turbulence in the economic environment has resulted in policy changes such that banks, financial services firms, and automobile firms—which all form an integral part of the hotel’s target markets—have cut travel-related expenses forexecutives. No longer can executives of these firms travel first class on their business visits; they must now use only economy class travel.Moreover, they are now required to cut hotel stay–related expenses, so they have to stay in three- and four-star hotels and not pay more than USD 200 per night. These restrictions have had a major impact on hotels like Great Eastern, which Debbie and her executives must resolve.The U.S. government is bailing out banks and financial institutions, and since Great Eastern has a major influx of business travellers from U.S. firms, it is important that Debbie and her team consider the impact of government…
- More information has been released on the case related to the Great Eastern Hotel we saw in the first assignment. The turbulence in the economic environment has resulted in policy changes such that banks, financial services firms, and automobile firms—which all form an integral part of the hotel’s target markets—have cut travel-related expenses forexecutives. No longer can executives of these firms travel first class on their business visits; they must now use only economy class travel.Moreover, they are now required to cut hotel stay–related expenses, so they have to stay in three- and four-star hotels and not pay more than USD 200 per night. These restrictions have had a major impact on hotels like Great Eastern, which Debbie and her executives must resolve.The U.S. government is bailing out banks and financial institutions, and since Great Eastern has a major influx of business travellers from U.S. firms, it is important that Debbie and her team consider the impact of government…More information has been released on the case related to the Great Eastern Hotel we saw in the first assignment. The turbulence in the economic environment has resulted in policy changes such that banks, financial services firms, and automobile firms—which all form an integral part of the hotel’s target markets—have cut travel-related expenses forexecutives. No longer can executives of these firms travel first class on their business visits; they must now use only economy class travel.Moreover, they are now required to cut hotel stay–related expenses, so they have to stay in three- and four-star hotels and not pay more than USD 200 per night. These restrictions have had a major impact on hotels like Great Eastern, which Debbie and her executives must resolve.The U.S. government is bailing out banks and financial institutions, and since Great Eastern has a major influx of business travellers from U.S. firms, it is important that Debbie and her team consider the impact of government…Company: ABC Civil Engineering - an engineering firmSituation: ABC company has recently made significant cuts in staff and the workload on existingemployees has increased. A major RFP is dueCharacters: Ted Waltz – Managing Director of ABC EngineeringElaine Tillman – Civil Engineer____________________________Elaine Tillman looked at her watch – it was 7:30 pm. Just then she knew she would not make it to her son’s final high school basketball game. It took her a moment to collect herself and wipe the tear that had started down her face and onto the ragged-edged 100 plus page RFP she was working on. The RFP,the largest opportunity that ABC Civil Engineering had a chance to bid on in 6 months, was far fromready for the 9:00 AM deadline the following day.Normally in this situation, Elaine would have collaborated with a proposal team putting together such a big proposal but, since the economic down turn hit, ABC has had to make significant cuts in its staff. It started with administrative…