Jack Manufacturing Company produces engines. The contract that it has signed with a large truck manufacturer calls for the following 3 month shipping schedule. Month Number of Engines to be shipped January 4000 February 2000 March 5000 Jack Manufacturing Company can manufacture 3000 engines per month. Its production cost is $1500 per engine. Its monthly inventory holding cost is $50. Today is January 1st The company likes to find out the production plan to minimize its total cost from January to March. Which can not be a decision variable in this problem? O a. Unit production cost O b. Number of engines to produce in January Oc. Number of inventory carry over from February to March O d. Total inventory holding cost for March
Q: In marginal analysis with discrete distributions for single-period inventory models, the value of…
A:
Q: Based on the following sensitivity report, what would be the impact of changing the objective…
A: For product 1, 10- (1E+30) to 10+ 5 10- (1E+30) to 15 10- (1E+30) shows a great decrease-essentially…
Q: Yalena Yale has always been proud of her personal investment strategies and has done very well over…
A:
Q: A firm offers three different prices on its products, depending upon the quantity purchased. Since…
A: Separable programming is an alteration to a typical simplex strategy that limits the decision of.…
Q: Assume the maximum demand for Super is 600,000 barrels. What is the optimal maximum profit?…
A: Given data is Fuel type Revenue Max Demand Regular $18.50 350,000 Super $20 600,000…
Q: Consider a monopolistically competitive market with NN firms. Each firm's business opportunities are…
A: given,
Q: Ascent, Inc. manufactures hiking boots. Demand for boots is highly seasonal. In particular, the…
A: Decision Variables: X1 = Production in quarter 1X2 = Production in quarter 2X3 = Production in…
Q: A manufacturer of kitchen appliances is preparing to set the price on a new blender. Demand is…
A: Revenue is the income generated from selling the products, while profit is the income generated…
Q: A local manufacturer of toys produces several toys. Among the most popular is Disney-car toy model.…
A: Given information, Production lot size = 150 Cusromers orders - 88,86,25,65,20,51,0,0 Present…
Q: A bed mart company is in the business of manufacturing beds and pillows. The company has 40 hours…
A: Given data is Available assembly hours = 40 Available finishing hours = 32 Assembly hours required…
Q: Fuel Production. Bay Oil produces two types of fuel (regular and super) by mixing three ingredients.…
A: Consider the given subtleties to tackle the issue. Let, Ri be the quantity of barrels to create…
Q: nJuicy Juice manufactures different juices made entirely of various exotic nuts. Their primary…
A: Decision Variables: xG,E =No. of Ginko Juice units made in Ethiopia plantxK,E =No. of Kola Juice…
Q: The marketing department of the company forecasts a demand of 80,000 bottles of A, 22,000 bottles of…
A: Linear programming, often known as linear optimization, is a method for obtaining the best result…
Q: A local manufacturer of toys produces several toys. Among the most popular is Disney-car toy model.…
A: Week 1 2 3 4 5 6 7 8 Forecast 176 172 50 130 40 120 132 135 Customer Orders 88 86 25 65 20 51 0…
Q: Consider the decision tree'below. You are at the starting decision node DO (shown in the orange…
A: Given data is
Q: When Vidalia onions are ready, the entire 13 county (plus parts of seven other counties) area in…
A: Given: LTL = $200 + 0.05x Daily demand for the next 2 weeks:
Q: A local manufacturer of toys produces several toys. Among the most popular is Disney-car toy model.…
A: Given Order policy=150 Opening inventory=100
Q: The plot of the time series is not necessary to decide about the best model to be used for…
A: Regardless of whether we wish to anticipate the pattern in monetary business sectors or power…
Q: Show & Sell can advertise its products on local radio and television (TV). The advertising budget is…
A: the advertising budget is limited to $10,000 a month. Each minute of radio advertising costs $15…
Q: A fresh food company in Oman is specialized in apples distribution in Oman. Annual sales forecast is…
A: Annual demand=5400 boxes Ordering cost=RO 10 Holding cost=RO 3.5 per box per year Price…
Q: Suppose a grocer is faced with a problem of how many cases of milk to stock to meet this week’s…
A: Cost Price = $55 Selling Price = $90 Salvage value = $30
Q: One of your staff members developed the following excel optimal production plan. You must now review…
A: An optimal plan for the advancement of a monetary unit is drawn up based on the arrangement of an…
Q: 8-22 (Portfolio selection problem) Daniel Grady is the financial advisor for a number of…
A: Given data is Desired expected return = more than or equal to 11% Maximum investment for each stock…
Q: Juice manufactures different juices made entirely of various exotic nuts. Their primary market is…
A: Linear programming, often known as linear optimization, is a method for obtaining the best result…
Q: A local manufacturer of toys produces several toys. Among the most popular is Disney-car toy model.…
A: Week 1 2 3 4 5 6 7 8 Forecast 176 172 50 130 40 120 132 135 Customer Orders 88 86 25 65 20 51 0…
Q: A firm offers three different prices on its products, depending upon the quantity purchased. Since…
A: Let; x11=Units produced of Product 1 with a profit of $16 x12=Units produced of Product 1 with a…
Q: A local manufacturer of toys produces several toys. Among the most popular is Disney-car toy model.…
A: Week 1 2 3 4 5 6 7 8 Forecast 176 172 50 130 40 120 132 135 Customer Orders 88 86 25 65 20 51 0…
Q: The produce manager at the local Pig & Whistle grocery store must determine how many pounds of…
A: The Expected Monetary Value concept is taken for decision analysis. For each option, the pay-off are…
Q: A manager must make a decision on shipping. There are two shippers, A and B. Both offer a twoday…
A:
Q: 2. Back Savers is a company that produces backpacks primarily for students. They are considering…
A: given, nylon = 5000 sq foot material each week sales forecast = 1000 colligenate and 1200 minis per…
Q: There are other details about the problem which will be added later. Giapetto started formulating a…
A: The answer is as below:
Q: 6. Ah Seng Coffeeshop needs to decide in November 2021 how many Chinese New Year cups to order to…
A: given, designed cups sell = $23.95 cost = $6.75 chances of 25% sell 10,000 cups 50% chance sell…
Q: A fresh food company in Oman is specialized in apples distribution in Oman. Annual sales forecast is…
A: Given data: Annual Demand (D) = 5640 Order Cost (S) = OR 10 Holding Cost (H) = OR 3.5 per year To…
Q: A handicraft products trader is selling leather cases for $40 the unit. To run his business, he…
A: 1) If the trader plan to import the product from one country then that will be malayasia because the…
Q: A fresh food company in Oman is specialized in apples distribution in Oman. Annual sales forecast is…
A: THe correct answer is
Q: Erica is going to fly to London on August 5th and return home on August 20th. It is now July 1st. On…
A: From the above case, There is a 0.3 chance of free one way ticket as of present, which would be…
Q: Kpogas produces chairs and tables. Using economic forecast for the next month, Kpogas’ marketing…
A: given, Kpogas’s unit contribution margin is GH¢ 5,000 on each chair sold and GH¢ 4,000 on each table…
Q: 1. At the beginning of each semester, BOOKY can order 60, 80, or 100 copies of the book from the…
A: In the decision analysis, uncertainty is considered an important factor. The payoff table needs to…
Q: Find D, the input-output matrix for this system. D = ? Solve for the output matrix X in the…
A: Inventory management refers to taking decisions regarding the amount of stock that needs to be…
Q: A food processor uses about 11,250 pounds of wheat each week. The food processor estimates their…
A: Given data Weekly demand = 11250 pounds of wheat Week in a year 52. Hence, annual demand or total…
Q: he Wilcox Manufacturing Company produces an item that is subject to wide seasonal fluctuations in…
A: Linear programming model This is the model used by the firms to determine a level of activity,…
Q: There are 3 different fire alarm systems in the store. System A detects fire with a probability of…
A: In the question, we could see that there are three different fire alarm systems, these systems are…
Q: he store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses…
A: Annual Demand (D)= 175*12=2100 units Unit cost(C)=$2.50 Cost of placing order=$12.00 Carry cost=27%
Q: HITACHI LTD. an air conditioner manufacturer, produces 'x' sets per week at a total cost of…
A: A monopoly price is set by a seller with market power that is a seller who can drive up the price by…
Q: A fresh food company in Oman is specialized in apples distribution in Oman. Annual sales forecast is…
A: Given data: Annual Demand (D) = 4800 Order Cost (S) = OR 50 Holding Cost (H) = OR 3.5 per year For…
Q: Ford has four automobile plants. Each is capable of producing the Taurus, Lincoln or Escort but it…
A: Integer programming: Integer programming represents the optimization of a linear function directed…
Q: Kilgore’s Deli is a small delicatessen located near a major university. Kilgore’s does a large…
A: Given Information:
Q: The production planner of a company forecasts the sales over the next four months as 2000, 1400,…
A: This is a classic case. Thanks for sharing. There will be two answers for this. One as per the…
Q: LP PROBLEM: Ozark Farms uses at least 800 lb. of special feed daily. The special feed is a mixture…
A: Given data is
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Musa's Cashmere Sweaters has authorized the following MPS for her exclusive line of cashmere sweaters. She wants to use the MPS record for promising future orders. Current order promises are included. The MPS order quantity is 60 units. Beginning Inventory is 0. Complete the following MPS record. Period 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 15 15 15 15 20 20 20 20 25 25 25 25 Customer orders 12 10 8 25 40 0 15 30 30 0 0 40 Projected available Available-to-promise MPS 60
- Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…. MBPF Inc. manufactures prefabricated garages. The manufacturing facility purchases sheet metal that is formed and assembled into finished products—garages. Each garage needs a roof and a base, and both components are punched out of separate metal sheets prior to assembly. Production and demand data for the past eight weeks are shown in Table below. Observe that both production and demand vary from week to week. Now, track the inventory at the end of each week, measured in number of finished garages. Also, construct the inventory build-up diagram. MBPF Inc. manufactures prefabricated garages. The manufacturing facility purchases sheet metal that is formed and assembled into finished products—garages. Each garage needs a roof and a base, and both components are punched out of separate metal sheets prior to assembly. Production and demand data for the past eight weeks are shown in Table below. Observe that both production and demand vary from week to week. Now, track the inventory at…Suppose this information is available for PepsiCo, Inc. for 2015, 2016, and 2017. (in millions) 2015 2016 2017 Beginning inventory $ 2,100 $ 2,400 $ 2,300 Ending inventory 2,400 2,300 2,700 Cost of goods sold 18,227 20,071 20,478 Sales revenue 39,145 42,957 44,066 Calculate the days in inventory for PepsiCo, Inc. for 2015, 2016, and 2017. (Round days in inventory to 1 decimal place, e.g. 5.1.) 2015 2016 2017 Days in inventory days
- ABC Company purchased its inventory at a lump price of P20,000. Relative sales value for each type of inventory was: Inventory XX, P10,000 Inventory YY, P4,000 Inventory ZZ, P10,000 How much would be the cost assigned to inventory XX, YY an ZZ respectively? 10,000. 4,000 and 10,000 respectively 10,000, 4,000 and 8,333 respectively 8,333, 3,333 and 8333 respectively 6667, 6667 and 6667 respectivelyDemand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January February 4,100 4,200 March 3,900 April 4,300 May 4,900 June 4,600 July 5,200 August 4,800 September 5,300 October 5,600 November 6,200 December 5,900Becky Shelton, a teacher at kemp middle school is in charge of ordering the T-shirts to be sold for the school's annual fund-raising project the t-shirts are printed with a special kemp school logo. In some years the supply of T-shirts has been insufficient to satisfy the number of sales orders. In other years, T-shirts have been left over. excess T-shirts are normally donated to some charitable organization. T-shirts cost the school $7 each and are normally sold for $14 each. Ms Shelton has decided to order 790 shirts. Required 1) if the school receives actual sales orders for 715 shirts, what amount of profit will the school earn?what is the cost of waste due to excess inventory? 2) If the school receives actual sales orders for 830 shits, what amount of profit will the school earn? What amount of opportunity cost will the school incur? a) Profit $1,050 waste due to excess inventory b) Profit opportunity cost
- Explain the two common inventory estimation methods, mentioning key similarities and differences between the two and use practical real-life scenarios to elaborate on each.What is the 3-month simple moving average for February 2017, given that demand was 100 during October 2016, 200 in November 2016, 300 in December 2016 and 400 in January 2017? a. 350 b. 300 c. 250 d. 400As a logistics specialist, you are responsible for meeting customer demand. One of your customers places orders for you to supply four products by the end of October. You have limited capacity for raw material and other facilities. You are required to satisfy customer demand by manufacturing the products and/or buying from a supplier. After consulting with the production department, you obtained the following information. Product A Product B Product C Product D Order quantity 2000 3500 1500 2500 Hours required on machine X per unit 2 4 5 3 Hours required on machine Y per unit 4 3 6 2 Raw material in kilos 5 1 4 6 Time needed for Packaging per unit 36 minutes 30 minutes 45 minutes 24 minutes Available monthly hours per month: 8,000 on machine X, 6000 on machine Y, and 3,000 hours for packaging. Purchased items from your supplier are already packaged. Available raw material per month: 5,000 kilos…