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- 29. professional services typically require A. High levels of capacity intensity Low levels of labor intensity XB. C. High levels of labor and capacity intensity D. High levels of labor intensity 30. Capacity decision determines what of the following? VA., whether demand will be satisfied B. Capital requirements C. large portion of fixed costs. D. All of the aboveCalculate 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 $99.707 A budget is essentially a quantitative statement for ___________ period of time. a. Present b. Past c. All of these d. Future
- 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 4 250,00Please do not give solution in image format thanku Opening Stock: 120 units Desired Closing Stock : 1200 units Back order Costs : $ 100/ unit In-house production costs : $ 60 per unit Subcontract Production costs : $ 81 per unit Inventory Holding costs : $ 15 / unit/ month Production Capacity: 30 units per month per worker There are currently 150 workers employed Hiring Costs 500$ per worker Firing Costs 1000$ per worker Month 1 2 3 4 5 6 Demand forecast 3780 5040 6720 5460 5040 4200 What is the cost for following Level, Chase and Subcontract strategies?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 profits
- Last Year Sales $208,000 $221,000 Cost of goods sold 106,000 116,000 Gross margin 102,000 105,000 Other expenses 49,000 49,000 Net income 53,000 56,000 Finished goods inventory 2,700 5,000 Work-in-process inventory 11,000 8,000 Raw material inventory 5,500 7,000 Total inventory (average for year) 19,200 20,000 Other current assets 93,000 109,000 Other assets 210,000 249,000 Total assets 322,200 378,000 ^THIS YEAR The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory…Last Year Sales $208,000 $221,000 Cost of goods sold 106,000 116,000 Gross margin 102,000 105,000 Other expenses 49,000 49,000 Net income 53,000 56,000 Finished goods inventory 2,700 5,000 Work-in-process inventory 11,000 8,000 Raw material inventory 5,500 7,000 Total inventory (average for year) 19,200 20,000 Other current assets 93,000 109,000 Other assets 210,000 249,000 Total assets 322,200 378,000 ^THIS YEAR The plant manager, Murat Kristal, at York Technologies makes Aircraft Navigation Systems. He expects you, as the new OM analyst, to provide some insight for performance of the plant. High on his list is an understanding of his inventory…Scenario analysis allows a firm to ask what - if type questions in capital budgeting. Question 22Select one: True False
- 9. Marketing Arrangements Target market, definition of the product or service, pricing, distribution and promotion. 10. Financial Consideration Source of financing, capital cost, pre-operating expenses, working capital requirements, cash budget over three years (estimation of the cash inflows and outflows).Hardware departm 8. Decision Tree A wine maker must decide whether to harvest grapes now or in four weeks. Harvesting now will yield 100,000 bottles of wine, netting P 2 per bottle. If the wine maker waits for four weeks and weather turns cold (probability: 20%), the yield will be cut in half but net P 3 per bottle. If the weather does not turn cold, the yield depends on rain. With rain (probability: 50%), a full yield netting P 4 per bottle will result. Without rain, there will still be a full 100,000-bottle yield, but the net amount will be P 3 per bottle only. REQUIRED: Determine the optimal expected value. D NOW LATER (4 weeks) COLD ( ): NOT COLD Decision Alternative Stock 0 unit Stock 1 unit Stock 2 units ( RAIN ( NO RAIN ): 9. Decision (Payoff) Table ESA Dealers, Inc. is contemplating on how many units of cars to order to meet the customer demands for the month based on the following projection: ): Demand 0 unit 1 unit 2 units The profit for each unit sold is P 200,000 while the…Q4) A manufacturer provides specialized microchips. During the next 3 months its sales, costs, and available time are shown in the table. Month 1 Month 2 Month 3 There are no chips in stock at the beginning of the first month. It takes 1.5 hr of production time to produce a chip and costs $5 to store a chip from one month to the next. Determine a production schedule that meets the demand requirements, does not exceed the monthly production time limitations, and minimizes cost. Note that no chips should be in stock at the end of the 3 months. Use fmincon. Chips required Cost regular time ($/chip) Cost overtime ($/chip) Regular operation time (hr) Overtime (hr) 1000 100 110 2500 100 120 2200 120 130 2400 2400 720 2400 720 720