Q4: suppose a particular Ford Plant can build Escort at a rate of one every hr., explorer at a rateof one every 1.5 hr and Lincoln navigator at a rate of one every 2 hr. the vehicles get 25, 15 and10 miles per gallon of fuel respectively and congress mandates that the average fuel economy ofvehicles produced at least 18 miles of all per gallon. Ford loses $1000 on each Escort, but makesa profit of $ 5000 on each Explorer and $ 15000 on each Navigator. Formulate this problem tomaximize the profit of ford in one 8 hr-day.

Suppose- A be the no. of Escort to buildB be the no. of Explorer to buildC be the no. of Lincoln…

Answered: Q4: suppose a particular Ford Plant can…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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58) plz help with this I need it! A company currently using an inspection process in its material receiving department is trying to install an overall cost reduction program. One possible reduction is the elimination of one inspection position. This position tests material that has a defective content on the average of 0.02. By inspecting all items, the inspector is able to remove all defects. The inspector can inspect 53 units per hour. The hourly rate including fringe benefits for this position is $15. If the inspection position is eliminated, defects will go into product assembly and will have to be replaced later at a cost of $8 each when they are detected in final product testing. Assume that the line will operate at the same rate (i.e., the inspection rate) if the inspection operation was eliminated. c. Is there benefit (or loss) from the current inspection process? How much? Note: Input all amounts as positive values. Round your answers to 2 decimal places.
2. Gisella runs a small stand selling lemonade in a perfectly competitive market. Her husband, Dustin, tells her that forecasted cold weather is going to lower the market price for the day and that she is likely to lose money today if she opens her stand. He suggests that she shuts down for the day (i.e., the short run) to avoid the negative profit. Is he right? Why or why not? 3. Grandma promises to sneak you some bourbon while your parents are cleaning up the dinner dishes, but only if you can impress her with something you learned in your economics class. Carefully explain to Grandma why the short run average total cost curve is U-shaped so that the two of you can sip a little Maker's together.
How does the requirement that the number of units of model LX produced be at least 60% of the total production affect profits?
Nick owns a single-family home, which he rents out for $1,600 per month. According to the IRS, over how many years will Nick's property depreciate? • 27.5 years O 10 years • 100 years O 39 vears
5. Meg Jones, the CEO of Ajax Computer Company, and Brad Smith, its Director of Operations, had been discussing how to increase the firm’s production of the company’s flagship XR58. The XR58 was particularly important because it sold 12,500 of them in the most recent year for $950, at a gross margin of 55%. After a lot of discussion, they decided to pursue an incentive system designed to increase production by 12% in the next year. After Brad discussed this possible incentive with the production team, the team determined that it could increase production by this amount without adding any more people or equipment. They believed they could accomplish this improvement primarily through process redesign. To incent them to do the hard work of process improvement, Brad told the team that it would receive 25% of the increased profits if it met the new production goal. For this team of 20 people, this would mean an additional compensation of _________ for each team member, on average, for…
a tax credit og 1,500 will reduce a taxpayers taxable invome to 1,500 true or false
e) (P1, P2, P3, y1, y2, y3) = (0, 77, 109, 0, 1, 1) with a profit of $ 5260is wrong
HW1 Q1 Consider the emergency department of a hospital that operates as follows: Upon arrival, patients first wait in line for registration. Then, after registration, patients wait to see a triage nurse who classifies them as either critical or non-critical. After the triage nurse, critical patients go to the emergency care area waiting to be seen by a doctor while non-critical patients go to the routine care area where they wait to see a doctor. It is determined that there are, on average, 20 patients registering or waiting to be registered, 5 patients being seen or waiting to be seen by the triage nurse, 15 critical patients being seen or waiting to be seen by a doctor in the emergency area, and 20 non-critical patients being seen or waiting to be seen by a doctor in the routine care area, Assuming that 20 patients arrive every hour and that 75% of the patients are non-critical, how many minutes does a patient spend on average in the emergency department of the hospital? Average time…
yz=06 Question 6 A newly purchased equipment item in your organization has a compressor that is known to experience failure (requiring complete replacement) after 6 years. Because of the problems in finding OEM parts, your organization is considering purchasing spare compressors. Your organization uses some numbers (all PER SINGLE COMPRESSOR) to make decisions: It costs $1200+YZ to purchase AND store a single spare compressor for one year. It costs $2000 for downtime costs and repair with that same stored compressor It costs $5000 to purchase a compressor (and downtime costs) and repair if you have to purchase it when it is immediately required. (the higher cost reflecting the convenience and not having to pay for storage) If the time frame of analysis is 4 years, use the Poisson distribution to advise on the lowest cost decision (ie. How many spare compressors will you recommend - zero, one, two...?)
Assume that a company is considering buying a new piece of equipment for $240,000 that would have a useful life of five years and no salvage value. The equipment would generate the following estimated annual revenues and expenses: Commissions Insurance Revenues $ 112,400 Less operating expenses: $ 15,000 5,000 48,000 30,000 98,000 $ 14,400 Depreciation Maintenance Net operating income Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided. The internal rate of return for this investment is closest to
Determine the optimum preventive maintenance frequency for each of the pieces of equipment if breakdown time is normally distributed: (Round "Probability Ratio" to 4 decimal places, and all other answers to 2 decimal places. Negative values should be indicated by a minus sign.)Use Table. Equipment Average Time (days)between Breakdowns StandardDeviation A201 19 2 B400 31 3 C850 36 6 Equipment PreventiveMaintenance Cost BreakdownCost A201 $240 $2,140 B400 $140 $3,440 C850 $490 $4,600 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure. Click here for the Excel Data File
please answer S6.6 S6.7

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