As the new materials manager you have been asked to develop a production plan for the next year that will meet the company's objectives and minimize the costs in- volved. Are there any other considerations aside from minimizing cost?
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- Tuff-Rider, Inc., manufactures touring bikes and mountainbikes in a variety of frame sizes, colors, and component com-binations. Identical bicycles are produced in lots of 100. Theprojected demand, lot size, and time standards are shown inthe following table: Item Touring MountainDemand forecast 5,000 units/year 10,000 units/yearLot size 100 units 100 unitsStandard processing time .25 hour/unit .50 hour/unitStandard setup time 2 hours/lot 3 hours/lot The shop currently works 8 hours a day, 5 days a week,50 weeks a year. It operates five workstations, each producingone bicycle in the time shown in the table. The shop main-tains a 15 percent capacity cushion. How many workstationswill be required next year to meet expected demand withoutusing overtime and without decreasing the firm’s currentcapacity cushion?Which one of the following is a variable to be considered when calculatingproduction lot size? a forecasted demandb customer orderc the lower of customer orders and forecasted demandd the higher of customer orders and forecasted demandThis process is used in business or manufacturing to predict their future requirements Select one: a. Plant Layout b. Capacity Study c. Forecast d. Scheduling
- 4. The Spencer Optics Company produces an inexpensive line of sunglasses. The manufacturing process consists of assembling two plastic lenses (produced by the firm's plastic molding depart- ment) into a finished frame (purchased from an outside supplier). The company is interested in using material requirements planning to schedule its operations and has asked you to prepare an example to illustrate the technique. The firm's sales manager has prepared a 10-week sales forecast for one of the more popular sunglasses (the Classic model) for your example. The forecast is 100 units per week. Spencer has customer orders of 110 units, 80 units, 50 units, and 20 units in weeks 1, 2, 3, and 4, respectively. The sunglasses are assembled in batches of 300 units. Presently, three such batches are sched- uled: one in week 2, one in week 5, and one in week 8. Complete the following time-phased record: Week hand 1 2 3 4 5 6 7 8 9 10 Classic Model On MPS Record Forecast Orders Projected available…A company produces a line of golf putters composed of three models. The demandfor model A is 500 per month, for B is 400, and for C is 300. What would be themixed-model sequence if some of each were made each day?Tuff-Rider, Inc., manufactures touring bikes and mountain bikes in a variety of frame sizes, colors, and component combinations. Identical bicycles are produced in lots of 100. The projected demand, lot size, and time standards are shown in the following table: Item Touring Mountain Demand forecast Lot size Standard processing time Standard setup time 5,000 units/year 100 units .25 hour/unit 2 hours/lot 10,000 units/year 100 units .50 hour/unit 3 hours/lot The shop currently works 8 hours a day, 5 days a week, 50 weeks a year. It operates five workstations, each producing one bicycle in the time shown in the table. The shop maintains a 15 percent capacity cushion. How many workstations will be required next year to meet expected demand without using overtime and without decreasing the firm’s current capacity cushion?
- Adele Weiss manages the campus flower shop. Flowers must be ordered three days in advance from her supplier in Mexico. Although Valentine’s Day is fast approaching, sales are almost entirely last-minute, impulse purchases. Advance sales are so small that Weiss has no way to estimate the probability of low (25 dozen), medium (60 dozen), or high (130 dozen) demand for red roses on the big day. She buys roses for $15 per dozen and sells them for $40 per dozen. Construct a payoff table. Which decision is indicated by each of the following decision criteria?a. Maximinb. Maximaxc. Laplaced. Minimax regretwhat does the ENABLE component of SCOR model cover and why is it not sequential like other parts of the model? give examplesSterling's worksheet, Intake vs.Goals Report & Food Log. Sterling is 30 years old college graduate. Currently he works for the federal government as program analysis. During the pandemic Sterling was promoted, work has been extremely busy. Dusty working from home, he has had little time to cook or exercise. During this annual physical, the doctor reported that he had gained 50 pound. Sterling wonderd it eat came from the beer, he drank 1 every evening. Sterling exercises about an hour on Saturday and Sundays. He used exercise daily when he was college athlete. His lab work and blood pressure were not the best either. The doctor counseled him and referred him to the nutrient. Sterling shared that his father saferd heart attack at age 50 and his mother has hypertension, he realizes that this risk for cardiovascular disease
- Please answer in excel format A bike company receives bike orders every week and fulfills them according to order’s type. The following table shows frequency and price of the company's products. a) Assuming each order is for only one product, simulate 12 orders using the following table. Fill out gray areas with appropriate Excel functions. NOTE: Use the random numbers shown in the table. b) Calculate average and total price.Design capacity is the ability of the company to produce the quantity of goods and services within a particular period of time when the company have best condition to produce and when the company have unlimited resources. These resource's includes- Men, Machinery, Material etc. It shows the maximum capacity of the company to produce. Effective capacity refers to the ability of the company to produce maximum quantity within a particular period of time to achieve in current production condition and current resources. It shows the real outcome capacity of the firm when the company produce within their own current condition of their production. Question Why is the capacity design important?Design capacity is the ability of the company to produce the quantity of goods and services within a particular period of time when the company have best condition to produce and when the company have unlimited resources. These resource's includes- Men, Machinery, Material etc. It shows the maximum capacity of the company to produce. Effective capacity refers to the ability of the company to produce maximum quantity within a particular period of time to achieve in current production condition and current resources. It shows the real outcome capacity of the firm when the company produce within their own current condition of their production. In design capacity it is assume that the company will produce in best and ideal condition to produce goods and services while in Effective capacity it is assume that company will produce in current operating conditions. In design capacity it is assume that the company have unlimited resource's. It means these resource's include:- Men,…