Discuss solutions to high production Cost
Q: David Polston prints up T-shirts to be sold at local concerts. The T-shirts sell for $18.90 each but…
A: Given, Selling price SP= $18.9 Cost price CP= $4.6 Salvage value V = $4.5 Mean m = 170 Standard…
Q: The following data give the ages (in years) of all six members of a family. 58 51 28 27 22 12…
A: The given data is 58, 51, 28, 27, 22 and 12 to calculate the mean. Population Mean is the value of…
Q: Give some examples of automation. How has automation changed the production process?
A: Conveyor belts, robotic arms, and complex machinery come to mind when picturing a production plant,…
Q: M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates…
A: Economic order quantity is used to perform ideal order size which is allow the company to meet…
Q: w bias.
A: When there is a regular discrepancy between actual sales and the forecast, which may be due to over-…
Q: The Overton Hotel in Lubbock receives several complaints per year about their rooms. Over a 10-day…
A: The control chart depicts the development of a process through time. Graphs of the data are created…
Q: Which projects should be selected? What is the total net present value of these projects
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Wichita's famous Sethi Restaurant is open 24 hours a day. Servers report for duty at 3 A.M., 7 A.M.,…
A: X1 be the number of workers reporting to work at 3 am and work till 11 am X2 be the number of…
Q: Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in…
A: Given Production per day p = 290 / day Annual demand D = 12700 / year d = 12700/250 = 50.8 Working…
Q: Mr. John produces a special type of shoes on an assembly line. The process involves eight different…
A: Assembly line balancing is a widely used technique in manufacturing operations to increase…
Q: Chemical plants, oil refineries, liquor producers, pharmaceuticals, and nuclear power plants are…
A: A production process is based on the technique used by the business to produce products for its…
Q: What is the algebraic formulation for this question, including objective function and constraints
A: Given data is The cost of each tract is Tract 1 = $200,000 Tract 2 = $250,000 Tract 3 = $400,000…
Q: The types of charts that can show three dimensions are: O doughnut charts Obubble charts surface…
A: Charts, histograms, bar graphs etc are various kinds of diagrams used to represent data. These…
Q: what is the Optimum Production Order Quantity.
A: In the production process, the optimum production order quantity is a measure of the number of units…
Q: When many tasks are being performed in parallel, how does the capacity analysis react?
A: Capacity Analysis is referred to as the difference in performance obtain between the actual capacity…
Q: 2x + 3y + 3z = 2 4x – 3y – 6z = 2 10x – 6y + 3z = 0 1. The determinant of the matrix is:…
A: Ans) First step is to make matrix. Take coefficient of x , y, z with signs and form matrix which…
Q: A chart used to accent the size of change is called:
A: Column chart:- The data is shown in the rectangular bars with the height proportionate to the…
Q: Using a p-chart, what are the upper and lower control limits?
A: Given: Mean = 99.73% Sigma level corresponding to 99.73%, under normal distribution = 3 n= 100
Q: explain five variables that an operations manager can manipulate to meet short to medium term…
A: The word capacity in business terms is the ability of an organization to produce the maximum…
Q: Dennis Sport World, a chain of sporting goods stores, sells 360,000 tennis balls per year. The…
A: Economic order quantity is used to minimize inventory cost of quantity purchase.
Q: An investor is considering investing in stocks, real estate, or bonds economic conditions. Suppose…
A: Find the Payoff table below: Payoff table Investment Economic Conditions Good Stable Poor…
Q: Please to use 450 as daily output desired and 560 minutes as total time available per day for…
A:
Q: Determination of the reorder point?
A: Reorder points are essential for any company that wishes to manage its inventory effectively. Making…
Q: lity in errors.
A: The bias is the average mistake over time. In other words, will your predictions generally be…
Q: For each iteration tableau, clearly mark: U₁, Vj values, C₁j + or negative values, the loop, the…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: a) What is the economic production quantity? 690.88 units (round your response to two decimal…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: Define ‘transparency’ and construct the case for greater transparency in the governance of the…
A: Transparency refers to the public disclosure of all relevant information in a manner that is clear,…
Q: encing for a new project. The team has determined that Task A takes 3 days. Task B is dependent on…
A: Duration of the project
Q: a) What is the economic order quantity? 306 units (round your response to the nearest whole number).…
A: Given Annual demand = 14100 Working days per year = 300 Lead time = 3
Q: Give an account of the capacity analysis's behavior when several processes run in parallel.
A: Capacity analysis is the difference between actual output and possible output in any process. The…
Q: Briefly explain what are the roles of cGMP in the Quality Control (QC) unit in the pharmaceutical…
A: The Food and Drug Administration has established Current Good Manufacturing Practice guidelines,…
Q: Identify and explain the two (2) broad categories of risk
A: Systematic as well as unsystematic risk are indeed the two broad forms. A risk affecting the entire…
Q: how are you calculating the SL value of 1.64?
A: Given data is Average daily demand (d) = 70 units Lead time (L) = 4 days The standard deviation of…
Q: From the following list, select the two vital functions performed by project management software
A: a) Calculating a project's duration and schedule:- Project management software has various tools…
Q: Using trend projection, develop a formula to predict sales for years 11 and 12. You have to show all…
A: Slope b=(n∑xy-∑x∑ y)/(n∑ x^2- (∑ x)^2) Intercept a=(∑ y-b∑ x)/n Equation y = a+bx Where y= TV sales…
Q: 18hth must be at least 5 (the number TopLathes plus the number BigPresses must be a 5). All machines…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: A manufacturer produces three types of humidifiers. The retail price of Humidifier Regular (HR) is…
A: With the given data, Formulae: Break even point(BEP) = 10947.37 or 10948 units BEP in $ = $597895
Q: What do you mean by role of cGMP in the Quality Control (QC) unit in the pharmaceutical industry?…
A: What is cGMP? CGMP stands for Current Good Manufacturing Practice. CGMP are a set o guidelines…
Q: The table below shows the sales figures for a brand of shoe over the last 12 months. Months Sales…
A: (i) (ii)
Q: A company manufactures Products A, 8, and C. Each product is processed in three departments: 1, 11,…
A: Let A, B, C be Products A, B and C respectively With the given profit, the objective is to maximize…
Q: Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in…
A: Total cost=Fixed cost + Variable cost per unit × number of units
Q: How has Foxconn strategically responded to its threats, opportunities, strengths, and weaknesses?
A: Strengths, Weaknesses, Opportunities, and perhaps Threats are referred to as SWOT. Your company's…
Q: What is the desired cycle time (a.k.a. takt time) in MINUTES if the company decides that it wants to…
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: Over what range of output is location A the most preferred location? 2. Over what range of output…
A: (1) From the given table, Location A seems to be lowest cost at 2000 units. And it is not the…
Q: Production systems with standardized outputs typically: A. Have relatively high volumes of output…
A: Production may be defined as creating items (commodities) in large quantities for commerce,…
Q: Calculating the expected time and variance for all of these activities. -Drawing the full network…
A: A critical path can be described as a series of tasks that need to be completed in order for a…
Q: The Mach 10 is a one-person sailboat manufactured by Creative Leisure. The final assembly plant is…
A: Precedence Diagram - is a pictorial representation method that shows the activities concerned in the…
Q: Fortnex is a company that assembles small household appliances including coffee makers, toasters,…
A: Find the Calculation methods below: Economic Order Quantity (EOQ) = 2*D*SHD - Annual DemandS -…
Q: Formtech Inc. produces transformers. Each order is custom designed and manufactured for the…
A: Given data: No of phases in order =3 Transformer Design takes = 4 weeks. Procurement has a lead…
Q: Cesar Rego Computers, a Mississippi chain of computer hardware and software retail outlets, supplies…
A: Given, Annual demand D = 36100 disks Order cost S = $25 Holding cost = I * Purchase price =…
2. Discuss solutions to high production Cost
Step by step
Solved in 2 steps
- Please provide answers to subparts d to J: Company B is a retailer of mobile phones in Australia that works 250 days in a year. The manager is determining a minimum-cost inventory plan for an upcoming phone to be launched in the market. She has collected the following information: • Annual demand: 1000 phones • Phone cost: $1,214 each • Phone RRP: $1,349 each • Net weight: 163 g each • Tare weight: 277 g each • Annual inventory holding cost: 15% • Cost per order to replenish inventory: $75 • Annual in-transit holding cost: 10% • Freight rate: $8.10 per kg • Time to process order for freight: 1 days • Freight transit time: 3 days Solve this problem using a non-linear programming (NLP) model to determine the followings: d. The total cost for holding the inventory e. The total cost for transportation f. The total cost for holding the phones during transit g. The total cost for this inventory plan h. The number of orders i. Ordering point j. The profit from this inventory plan3.May I know the correct option?Alar is a manager at Shoeless Joe's Sports Bar and Grill and was approached by a hockey team asking for sponsorship. Sponsorship would mean purchasing 18 jerseys for the team BUT would see the team visit the restaurant on a regular basis. • The EXPECTED RETURNS for the restaurant from these visits would be Gross Sales of $2,000 per year for an expected five years. (Assume the restaurants profit margin on food/alcohol sales is 40%, so USE NET PROFIT of $800 per year for all calculations). Further, the jerseys would have the Shoeless Joe's logo and act as advertising (a goodwill function in accounting), BUT this is not considered in the calculations. Alar remembers something about CLTV in college and wants to calculate the CLTV using different methods on ONLY the future expected business from the team ($800 per year) (ignore advertising or goodwill from the jerseys). Determine: a) The CLTV of the team for "five years" using the "Easy Method". b) The CLTV of the team using the "Simple…
- Davidson Corp. produces a single product: fireproof safety deposit boxes for home use. The budgetgoing into the current year anticipated a selling price of $55 per unit. Because of competitive pressures, the company had to cut selling prices by 10% during the year. Budgeted variable costs per unitare $32, and budgeted total fixed costs are $156,000 for the year. Anticipated sales volume for theyear was 10,000 units. Actual sales volume was 5% less than budget. (1) What was the sales pricevariance for the year? (Round your answer to the nearest whole dollar.) (2) Label this variance F(favorable) or U (unfavorable), as appropriate“means-ends analysis”. Provide an ORIGINAL example in which you state and illustrate the three steps involved6. Provide an Example of "Threat of substitute products". আপনার উত্তর