The city of Segovia is analyzing the possibility of building a second airport to alleviat analyzing two potential locations, X and Y. Hard Rock Hotels would like to buy land to bu land has been rising in anticipation of the decision and is expected to skyrocket when th For this reason, Hard Rock would like to buy the land now. Hard Rock will sell the land there. Hard Rock has four options: (1) buy land in X, (2) buy land in Y, (3) buy land in compiled the following data (in millions of euros): Hard Rock estimates that there a 45 percent chance that the airnort wi11 be huilt
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- A firm’s manager must decide whether to make or buy a certain item used in the production of vending machines. Making the item would involve annual lease costs of $150,000. Cost and volume estimates are as follows:Make BuyAnnual fixed cost $150,000 None Variable cost/unit $ 60 $ 80 Annual volume (units) 12,000 12,000 a. Given these numbers, should the firm buy or make this item?b. There is a possibility that volume could change in the future. At what volume would the managerbe indifferent between making and buying?2) A company is considering a plan to produce or buy/outsource a certain item used in the production of new type of cars. Making the item would involve annual lease costs of $150,000. Cost and volume estimates are as follows: Make Buy Annual fixed cost $150,000 None Variable cost/unit $60 $80 Annual volume 12,000 12,000 (units) a. Given these numbers, should the firm buy or make this item? b. There is a possibility that volume could change in the future. At what volume would the company be indifferent between making and buying?ces around the United States. SP currently operates four manufacturing centers in Philadelphia, PA; Atlanta, GA; St. Louis, MO, and Salt Lake City, UT. The plants have different capacities and production costs as indicated in the table below. PLANT Philadelphia Atlanta St. Louis Salt Lake City MAXIMUM CAPACITY PRODUCT COST (PER (x 100,000 POUNDS) 1,000 POUNDS) SP currently has six contract customers located in New York City, Birmingham, AL; Terre Haute, IN; Dallas, TX; Spokane, WA; and San Diego, CA. Transportation costs between the plants and various customers, as well as contracted demand from each customer, are shown in the table below. FROM/TO Philadelphia Atlanta St. Louis Salt Lake City Total Demand (x 1,000 pounds) 7.2 9.4 12.0 10.3 From/To Philadelphia Atlanta St. Louis Salt Lake City NYC $42 NYC $336.00 $286.00 $316.00 $261.00 52 54 69 540 TRANSPORT COSTS PER 1,000 POUNDS BIRMINGHAM TERRE HAUTE DALLA $49 39 57 68 430 Create a solver model and find the optimal solution to help…
- Q2) (a) A Missouri job shop has four departments--machining (M), dipping in a chemical bath (D), finishing (F), and plating (P)-assigned to four work areas. The operations manager, Mary Marrs, has gathered the following data for this job shop as it is currently laid out. It costs $0.50 to move 1 workpiece 1 foot in the job shop. Determine cost of material handling in the current layout. Further, suggest a revised layout that has the lowest material handling cost. 100s of Workpieces Moved Between Work Areas Distances Between Work Areas in Feet M D F P M D F P M 18 2 20 12 8 4 2 6. 10 F 18 4b) A factory is going to modify of a plant layout to install four new machines M₁, M2, M3 and M4. There are 5 vacant places J, K, L, M and N available. Because of limited space machine M₂ cannot be placed at L and M3 cannot be placed at J. The cost of locating machine to place in Shillings is shown below: M₁ M₂ M3 M4 J Kshs '000' 24 28 K Kshs '000' 18 18 22 16 L Kshs '000' 22 28 24 M Kshs '000' 30 20 22 14 N Kshs '000' 22 18 14 16 Required: Determine the optimal assignment schedule in such a manner that the total costs are kept at a minimum.Judd 57 Joel Gus Tim $3 2. 1 $5 $2 First film Second film Third film Fourth film Fifth film 1. 0. 0. 5. 2. 1 a. Within the dorm room, is Ux showing of a movie a public good? Why or why not? b. W itcosts S5 to rent a movic how many movies should the mommates rent to maximize tothl surplus? c. li they choose the optimal number from part (b)and then split the cost of renting the movies equally, how much surplus does.cach person obtain from wakhing the me d. s there any way tospl ost.tormsre that everyone benefits? What practical problems does this solution reise? Suppose they agmeinarancetochoxxe the efficient number and to split the cosr of the movies equally. When fudd is asked his wiling ness to pay, will he have an incentive to toll the Iruth? If so, why? f not. what will he he tempted (1అ) బ* E What does this example teach you abou the optimal provision of public goods? yol public gods?
- ↓ ← M Gmail UNILUS | E X ChatGPT X YouTube GBS 660_A X Maps GE News C + File C:/Users/nemet/Desktop/UNILUS/2024/GBS%20660_Assignment%20Distance%20January%202024%20(1).pdf Translate GBS 660_Assignment Distance January 2024 (1).pdf Production X Lusaka Times-Zamb... R Browse Map | Rulac Item cost per Unit Setup cost 4 / 4 2 80 6-Hour D X Inventory carrying cost per year Weekly Net Requirement 1 105 3 130 QUESTION 2: The determination of lot sizes in an MRP system is a complicated and difficult problem. Lot sizes are the part quantities issued in the scheduled receipt and planned-order release sections of an MRP schedule. For parts produced in-house, lot sizes are the production quantities of batch sizes. For purchased parts, these are the quantities ordered from the supplier. Consider the following data relevant to an MRP lot-sizing problem: 4 50 Membersh X b Answered: X G The detern X 100% + # $25 $100 20.8% 5 Building a Better Re... 0 6 200 Get involved in hum... 7 125 8 100 Use the…1. Suppose we are considering the question of how much capacity to build in the face of uncertain demand. Assume that the cost is $20 per unit of lost sales due to insufficient capacity. Also assume that there is a cost of $7 for each unit of capacity built. The probability of various demand levels is as follows: Demand-X Units 0 1 2 3 4 5 6 7 Probability of X .05 .10 .15 .20 .20 .15 .10 .05 a. How many units of capacity should be built to minimize the total cost of providing capacity plus lost sales? b. State a general rule regarding the amount of capacity to build. c. What principle does this problem illustrate?• Use this information for the question below. Low-Grade Copper Ore $571 per Ton High-Grade Copper Ore $843 per Ton Coloma Cooper Incorporated is able to produce $640 worth of copper from one ton of low-grade copper ore. Because of its higher copper content, Coloma can produce $940 worth of copper from one ton of high-grade copper ore. A mining company is offering to trade 7,250 tons of low-grade copper ore for 5,000 tons of high-grade copper ore. Assuming Coloma currently has 5,000 tons of high-grade ore, what should it do?
- A suburban retail property in Arlington, Virginia with 60,000 square feet and 600 surface parking spaces was purchased for $6,000,000 at a cap rate of 6.0% with a 60% LTV interest-only loan at a 6% annual interest rate. If after six years the property appreciated by 60%, what would be the amount of the owner’s equity in the property at that time? a. $6,000,000 b. $2,400,000 c. $3,600,000 d. $9,600,0004. Spears Rowbuck has recorded the following sales figures. Calculate the seasonal indices for Thursday and Friday. Week 1 Week 2 Week 3 Week 4 Monday 43 51 40 66.0 Tuesday 45 41 57 58.6 Wednesday 22 37 30 34.7 Thursday 25 22 33 36.7 Friday 31 25 37 25.0 a. Thursday = 29.18, Friday = 29.50 b. Thursday = 0.2074, Friday = 1.1632 c. None of the other options. d. Thursday = 0.7678, Friday = 0.7763 e. Thursday = 0.6142, Friday = 0.6211The owners of Sweet-Tooth Bakery have determined thatthey need to expand their facility in order to meet their increaseddemand for baked goods. Th e decision is whether to expand nowwith a large facility or expand small with the possibility of havingto expand again in fi ve years.Th e owners have estimated the following chances for demand:• Th e likelihood of demand being high is 0.70.• Th e likelihood of demand being low is 0.30.Profi ts for each alternative have been estimated as follows:• Large expansion has an estimated profi tability of either$80,000 or $50,000, depending on whether demand turnsout to be high or low.• Small expansion has a profi tability of $40,000, assumingdemand is low.• Small expansion with an occurrence of high demand wouldrequire considering whether to expand further. If the bakeryexpands at this point, the profi tability is to be $50,000.(a) Draw a decision tree showing the decisions, chanceevents, and their probabilities, as well as the profi tabilityof…