Need all please Par, Inc., produces a standard golf bag and a deluxe golfbag on a weekly basis. Each golf bag requires time for cutting and dyeing and time for sewingand finishing, as shown in the following table:ProductStandard BagDeluxe BagDecision variables:Hours Required per BagCutting andDyeing1/21The profits per bag and weekly hours available for cutting and dyeing and for sewing andfinishing are as follows:Objective function:Product Profit per Unit ($)$15$8Standard BagDeluxe BagSewing andFinishing12/3ActivityCutting and DyeingSewing and FinishingPar Inc., will sell whatever quantities it produces of these two products.The aim of the objective function for Par Inc., should be toS = number of standard bags produced / weekD = number of deluxe bags produced / weekZ=s+DWeekly Hours Available270360the objective value.C800-700-600-500-02400-300-200-100-C10+0100 200300400 500 600S700800Q Decision variables:ActivityWeekly Hours AvailableCutting and Dyeing270360Sewing and FinishingPar Inc., will sell whatever quantities it produces of these two products.The aim of the objective function for Par Inc., should be toDeluxe BagS = number of standard bags produced / weekD = number of deluxe bags produced / weekZ= s+DObjective function:Subject to:(1/2)S+1D1S+ (2/3)D$8270(C₁)360 (C₂)the objective value.MaximizeMinimizeS, D 20On the graph on right, constraints C, and C₂ have been plotted.Using the point drawing tool, plot all the corner points for the feasible area.a) The optimum solution is:S=(enter your response as a whole number).D=(enter your response as a whole number).b) Optimal solution value 'Z' = (enter your response as a whole number).800-700-600-500-02400-300-fot200-100-0+0.100200 300 400S500 600700800Q

Let the number of standard golf bags produced be S and deluxe Golf Bags be D.Based on the profit per…

Par, Inc., produces a standard golf bag and a deluxe golf bag on a weekly basis. Each golf bag requires time for cutting and dyeing and time for sewing and finishing, as shown in the following table: Product Standard Bag Deluxe Bag Hours Required per Bag Cutting and Dyeing 1/2 1 Objective function: The profits per bag and weekly hours available for cutting and dyeing and for sewing and finishing are as follows: Product Standard Bag Deluxe Bag Sewing and Finishing 1 2/3 S number of standard bags produced / week D number of deluxe bags produced / week Z-s+D Profit per Unit ($) $15 $8 Activity Weekly Hours Available Cutting and Dyeing 270 Sewing and Finishing 360 Par Inc., will sell whatever quantities it produces of these two products. The aim of the objective function for Par Inc., should be to Decision variables: the objective value. 800- 700- 600- 500- 400- 300- fot 200- 100- C2 0+ 0 . 100 X 200 300 400 S 500 600 700 800 Q Q

Par, Inc., produces a standard golf bag and a deluxe golf bag on a weekly basis. Each golf bag requires time for cutting and dyeing and time for sewing and finishing, as shown in the following table: Product Standard Bag Deluxe Bag Hours Required per Bag Cutting and Dyeing 1/2 1 Objective function: The profits per bag and weekly hours available for cutting and dyeing and for sewing and finishing are as follows: Product Standard Bag Deluxe Bag Sewing and Finishing 1 2/3 S number of standard bags produced / week D number of deluxe bags produced / week Z-s+D Profit per Unit ($) $15 $8 Activity Weekly Hours Available Cutting and Dyeing 270 Sewing and Finishing 360 Par Inc., will sell whatever quantities it produces of these two products. The aim of the objective function for Par Inc., should be to Decision variables: the objective value. 800- 700- 600- 500- 400- 300- fot 200- 100- C2 0+ 0 . 100 X 200 300 400 S 500 600 700 800 Q Q

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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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?
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…
As 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…
3(AL Jn 2020, Square-Nine Entrerprise has purchased 250,000 micro-chips for the first four months and 35% more on the remainder as a component in the production of its products. As much as 25% of the purchase is not used but instead stored in the warehouse. Each unit of the final product is sold in the market at a price of $18.99 per unit, and the storage cost is a total of $1.13 per unit. The cost price of the order is $5,500 for each delivery that takes three weeks. Calculate: 1) An annual optimal order quantity. 2) A total of number of orders placed in a year. 3) Time range between orders if the company operates for 49 weeks in a year 4) What are total units for reorder point? 5) Cost of Goods Sold.
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Rainbow Inc's products are given below. If the company's total labor capacity is 3200 hours/week, which of the products should be produced in a week? Regarding with this plan what will be the total sales and total variable costs of the firm per week? Total Labor Hour Demand Product / Unit Price / Unit vC / Unit (unit) XC610 2,500 1,000 300 XD740 4 3,100 1,500 250 ZS650 3 1,850 750 400 ST340 2 2,250 975 500
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A Las Vegas supermarket bakery must decide how many wedding cakes to prepare for the upcoming weekend. Cakes cost $33 each to make, and they sell for $60 each. Unsold cakes are reducedto half-price on Monday, and typically one-third of those are sold. Any that remain are donated toa nearby senior center. Analysis of recent demand resulted in the following table:Demand 0 1 2 3Probability .15 .35 .30 .20How many cakes should be prepared to maximize expected profit?a. Use the ratio method.b. Use the tabular method
Becky 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
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Problem 20-10 (Algo) You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day's paper for $0.30 a copy. You sell a copy of San Pedro Times for $1.10. Daily demand is distributed normally with mean = 265 and standard deviation = 53. At the end of each morning, any leftover copies are worthless and they go to a recycle bin. a. How many copies of San Pedro Times should you buy each morning? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Round your z-value to 2 decimal places and final answer to to 2 decimal places.) Optimal order quantity b. Based on a, what is the probability that you will run out of stock? (Round your answer to the nearest whole number.) Probability
Ajax Manufacturing produces a single product, which takes 8.0 pounds of direct materials per unitproduced. Assume that it is currently at the end of the first quarter of the year, and there are 50,000pounds of material on hand. The company’s policy is to maintain an end-of-quarter inventoryof materials equal to 25 percent of the following quarter’s material requirements for production.How many units of product were produced in the first quarter of the year? Under the assumptionthat production will increase by 10 percent in the second quarter, what are the direct materialsrequirements (in pounds) for planned production in the second quarter?