Costs Fixed Locations A 500,000 B C 600,000 800,000 Variable 40 30 20 i. Based on costs, over what range of units will location A be preferred? ii. Based on costs, over what range of units will location B be preferred? iii. Based on costs, over what range of units will location C be preferred? N.B. Show all working.
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- Location Fixed Cost Variable Cost A $100,000 $10 B $150,000 $7 C $200,000 $5 600 Annual 500 Cost ($000) 400 300 200 100 2 4 6 8 10 14 16 18 20 Q (000s of units) i. Plot the total cost curves in the chart provided above and identify the range over which each location would be best. ii. Use break-even analysis to calculate exactly the break-even quantity that defines each range.Describe the importance of a general safety plan. Why is it necessary to modify the general safety plan to a site specific plan? List some of the components that would be changed from a general plan to a site specific plan. Is it necessary to conduct training according to the site specific plan, if so what are some of the topics you think would be discussed?2. Garysburg Fire Rescue (GFR) is considering three different locations for a new fire station. Using factor rating, GFR has created the following table. When rating these locations, GFR used a 5- point scale, where 1 means unfavorable and 5 means excellent. (Noteshaper Scenario #26) Factor Weight Location 1 Location 2 Location 3 Cost of land 0.5 4 1 Accessibility 0.3 2 2 4 Size of Land 0.2 1 3 3 a. Which of the following statements are true and which are false? I. The cost of the available land parcel is of the greatest importance in this analysis. I. Location 2 has better accessibility than location 3. GFR considers the size of the available land parcel to be the least important III. factor.
- What are the major differences in site location for a restaurantversus a retail store versus a manufacturing plant?6. Company X wanted to make a pre-assessment before choosing the final location for their new production facility by first surveying internally and then making some field analysis. For the two alternatives that they have following table contains all the important criteria, their weights and the scores of each candidate location. Please finish the calculation and indicate which one is the preferred option. Factors/Criteria Proximity to raw material Traffic volume Rental costs Size Layout Operating costs Weight 0,2 0,05 0,4 0,05 0,15 0,15 Alt. 1 100 80 70 86 40 80 Alt. 2 60 80 90 92 70 90Consider the following information about sites A, B, and C: Site A B C FC (annual) $100.000 $120.000 $150.000 VC (per unit) $10 $8 $7For what range of output would you prefer site A?
- 3. A small producer of machine tools want to move to a larger building, and has identified two alternatives. Location A has annual fixed costs of $800,000 and variable costs of $14,000 pre unit; location B has annual fixed costs of $920,000 and variable costs of $13,000 per unit. The finished items sell for $17,000 each. a. At what volume of output would the two locations have the same total cost? b. For what range of output would location A be superior? For what range would B be superior? *Note: consider setting up the table as in problem for A and B locations.4) What advantages and disadvantages does the one-sided type location of town- forming objects have in comparison with the alternate type location of town- forming objects?At a local university, the Student Commission on Programming and Entertainment (SCOPE) is preparing to host its first rock concert of the school year. To successfully produce this rock concert, SCOPE has listed the requisite activities and related information in the following table (duration estimates measured in days). Immediate Most Activity Predecessor(s) Optimistic Probable Pessimistic A: Negotiate contract with - 10 11 12 selected musicians B: Reserve site - 8 10 12 C: Manage travel logistics A 2 7 9 for music group D: Screen & hire B 4 5 6 security personnel E: Arrange advertising C 7 7 7 & ticketing F: Hire parking staff A, D 8 9 16 G: Arrange concession sales E 6 7 11
- At a local university, the Student Commission on Programming and Entertainment (SCOPE) is preparing to host its first rock concert of the school year. To successfully produce this rock concert, SCOPE has listed the requisite activities and related information in the following table (duration estimates measured in days). Immediate Most Activity Predecessor(s) Optimistic Probable Pessimistic A: Negotiate contract with - 10 11 12 selected musicians B: Reserve site - 8 10 12 C: Manage travel logistics A 2 7 9 for music group D: Screen & hire B 4 5 6 security personnel E: Arrange advertising C 7 7 7 & ticketing F: Hire parking staff A, D 8 9 16 G: Arrange concession sales E 6 7 11 Which project network is correct? IMG is attached Compute the expected duration and variance of each activity. If required, round your answer to two decimals. If your answer is zero, enter “0”.…Please no written by hand solution and no img BUSINESS ANALYTICS & DECISION MAKING Model and solve the following assignment problem: •The manager at “Happy taxi” has 3 drivers available to send to new destinations according to the following table of the distance from driver to destination: •Determine what driver should be sent to what destination to minimize the distance? Submit your excel document with the results and interpretation of them. Driver Distance in (km) Destination # 1 2 3 Ali 21 10 20 Amit 19 10 9 Karen 9 11 12Calculations: 1. You are valuing a 10-acre vacant lot with a septic system and a well on site. The size adjustment factor for 10 acres is 2.23. You have found two recent sales to use as comparables. -Sale 1 is 3.5 acres in size and has a septic system and a well on site. It sold for $200,000. The corresponding size adjustment factor for 3.5 acres is 1.57. -Sale 2 is 7 acres in size and sold for $225,000. However, it does not have a septic system or a well, which will cost $50,000 total to install. The corresponding size adjustment factor for 7 acres is 1.93. CALCULATE THE RANGE OF THE VALUE OF THE 10-ACRE VACANT LOT ADJUSTED FOR SIZE, ROUNDED TO THE NEAREST $1,000. SHOW YOUR WORK