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- Q1Wheels lo., iu a producer of bigclen and bicycla supppliee and accessories. You were hured to assist inguantifyng the product mix problem, 4o delermine the number of bicycle to praduce monthly.The folbwing a Production inckudes three type of bicyclu: Road, Mountain,and folding. b.Expected demand, unit production cast,and selling prices for each of the 3 was provided: are shown in the following tade: Bigyela Tiype felding Road 50 Tooo 2500 Mountain Demand Cost Prie 10 5 1500 3400 1800 C.Supplies A, B, and C ane wed in the bicde production a shown in the follomi table, where anly 400, 6o0,and 200 units, vespectively, are available morithly:. Supply ype Road yela Type Mountain 3. Felding 4. 5. 2. d.35,000 Pounde are available monithly to cover the production cost. Formulate the Imer programming mathematical model that maximizes the monthly net profitsJAN FEB MAR APR MAY BEGINNING INV PERIOD JUN TOTAL BEGINNING WORKERS AVGE. MONTHLY OUTPUT PER WORKER INV. HOLDING COSTS COST/CATEGORY TOTAL COST PER CATEGORY 5,000 8 4,000 0.3 DEMAND 24,000.00 32,000.00 32,000.00 48,000.00 60,000.00 44,000.00 240,000.00 UNITS WORKERS UNITS/WORKER PER CASE/MONTH REG. PROD 0.00 $0.80 CHASE- HIRE/FIRE HIRING COST SUBCONTRACTING FIRING/LAYOFF $1.15 COST COST OVERTIME/ SUBCONTRACT ENDING INV. $1,000 $1.15 $1,500 0.00 $0.30 PER WORKER PER CASE PER WORKER WORKERS HIRE FIRE 0.00 $1,000.00 COST OF PLAN= 0.00 $1,500.00 $Chairs Tables Selling price per unit ＄80 ＄400 Variable cost per unit ＄30 ＄200 Board feet per unit 2 10 Monthly demand 600 100 The company's supplier of hardwood will only be able to supply 2,000 board feet this month. What plan would maximize profits? a. 500 chairs and 100 tables b. 600 chairs and 80 tables c. 500 chairs and 80 tables d. 600 chairs and 100 tables Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- 14.1. Care Alliance (CA), a manufacturer of emergency care kits for disaster relief, has received the annual disaster readiness plans from its major constituents and now must develop an operations plan to set production, labor, and inventory levels of its basic emergency products for the next four quarters. Demand for the kits, given below, varies with seasonal weather, political climate, and economic conditions. The average worker at CA can produce 10,000 kits a quarter at a cost of $9 per kit. The cost of holding inventory is $2 per kit per quarter. Due to the medical nature of many of its products and concern for quality, hiring and firing costs are $700 per worker. CA currently employs 20 workers. Given the demand forecast below, develop a quarterly operations production plan for CA using (a) chase demand and (b) level production: Quarter Demand 1 150,000 2 250,000 3 350,000 4 250,00Judd 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?Q 6. For the following data, calculate the number of workers required for level production and the resulting month-end inventories. Each worker can produce 15 units per day, and the desired ending inventory is 9000 units. Month 1 3 4 Total Working Days 20 24 12 19 Forecast Demand 28,000 27,500 28,500 28,500 Planned Production Planned Inventory 11,250 [3+2] 2.
- A. restaurant is opening in Laie and is going to cater to the rich and the famous. It is a 35 seat A B C D Cash Cost 3000 3200 2700 2000 Estimate life 6 6 6 6 Trade in 500 500 600 0 Installation 675 675 675 675 Initial training 325 350 225 275 Annual training 150 125 125 100 Annual labor 3500…Calculate customer life time value for the data below. (Show Work) Purchase Occasion Transition Probability Average Basket Size 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ΝΑ 55% 75% 78% 83% 81% 81% 86% 82% 85% 90% 93% 85% 89% 85% 91% 97% 97% 96% 85% 83% 89% 82% 79% 82% 89% 88% 86% 67% 75% $46.71 $56.71 $57.93 $56.87 $58.26 $66.90 $63.62 $70.27 $63.03 $62.60 $71.81 $76.76 $78.14 $65.65 $74.84 $81.11 $72.08 $87.30 $71.94 $75.44 $70.35 $72.86 $66.68 $79.90 $93.91 $61.08 $94.16 $100.40 $77.89 $99.70Costs Holding cost $8/ refrigerator/ month Subcontracting $80/ refrigerator Regular-time labor $12/ hour Overtime labor $18/ hour for hours above 8 hours/ worker/ day Hiring cost $40/ refrigerator Layoff cost $80/ refrigerator Stockout cost none Other Data Current workforce (December) 8 people Labor hours/ refrigerator 4 hours Workdays/ month 20 days Beginning inventory 250 refrigerators Units demanded in December 320 refrigerators Month Demand Forecast January 400 February 500 March 550 April 700 May 800 June 700
- Model A B C Labor Hours Used Hours Available Tubing Pumps A B C Blue Ridge Hot Tubs Total Profit Pumps Tubing Number to Assembl Require Require Make y hours d Resources Used Demand Min 15 12 10 322 Max 130 Available 650 88 30 40 45 d 112 A B C 11 10 12 Profit/Unit $ 96.00 $ 75.00 $ 116.00 Blue Ridge Hot Tubs is a local company that just received a donation of tubes and pumps used for hot tubs. The company wants to know how many of each model they should make in order to maximize their profits. They need to stay within the amount of available hours, can't make more than what they have the resources for, and want to stay within the minimum and maximum demand.11. Unik hotel has the available capacity of 500 deluxe rooms, and the margin for each room is $100. The Christmas season is coming and the hotel opens booking from customers and must decide on how many orders to commit to at this time. If the hotel has orders that exceed capacity, it must arrange to upgrade the room for guests, which results in a loss of $50 per room. 2. What is the overbooking level should the hotel accept if cancellations are normally distributed, with a mean of 20 per cent of the orders accepted and a coefficient of variation of 0.5? OA) 142 B) 158 O C) 161 OD) 173The units of Manganese Plus available for sale during the year were as follows: Mar. 1 June 16 Nov. 28 Inventory Purchase Purchase 23 units @ $29 32 units @ $30 42 units @ $36 97 units $667 960 1,512 $3,139 There are 14 units of the product in the physical inventory at November 30. The periodic inventory system is used. a. Determine the inventory cost by the FIFO method. $ b. Determine the inventory cost by the LIFO method. $ c. Determine the inventory cost by the weighted average cost methods. Round intermediate calculations and final answer to two decimal places.