Research and answer the following:1. What is Capacity?2. Describe ways of defining and measuringcapacity.3. Identify some determinants of effectivecapacity.4. Discuss factors to consider when decidingwhether to perform in-house or outsource.5. Define the following terms:Economic of scaleDiseconomies of scaleConstraintsBreak-even point

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Answered: Research and answer the following: 1.…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Inghams’s Pizzas is a chain of pizza stores. Pizzas are made fresh in-store, and then delivered tocustomers by a fleet of drivers. The senior management team has identified the strategic priorities forthe business as on-time delivery and product quality.Required:a) For each of the strategic priorities, suggest three performance measures. b) If the company is successful in achieving challenging targets for these performance measures, willit also necessarily achieve high profitability? Explain your answer.
2a. An analysis of Revere Beach Corporation's operating income changes between 2021 and 2022 show the following: Operating income for 2021 $4,750,000 Add growth component 180,000 Deduct price-recovery component (60,000) Add productivity component 285,000 Operating income for 2022 $5,155,000 Required: Is Revere's operating income gain consistent with the product differentiation or cost leadership strategy? Explain briefly. 2b. An analysis of Terbolt Corporation's operating income changes between 2021 and 2022 show the following: Operating income for 2021 $4,750,000 Add growth component 75,000 Add price-recovery component 398,000 Deduct productivity component (50,000) Operating income for 2022…
1. Explain the short-term and long-term challenges that arise in regular business settings2. Explain the interdependence among the 4Ps (Price, Product, Place, Promotion) and its relation with cost3. What should the company do related to their positioning and the company's business model for competitive advantage4. What are the issues related to capacity building for scale advantage and its short falls5. if you are the founder, how you see the the company's excess capacity and how to utilize it throughout the year
Questions1) How is the output of a standard breakeven analysis model interpreted to yield the make-or-buy decision? What critical strategic factors should an operations manager consider in ensuring the efficacy of any outsourcing decision beyond just cost? In your answer provide an example to illustrate the key points that you are making.
Please answer the correct answer: 3. Which of the following strategies could be used when demand exceeds the capacity. - [ ] Stimulate the market through price reductions or aggressive marketing - [ ] Product changes. - [ ] decreasing prices of products - [ ] Discouraging marginally profitable business 4. Capacity decision determines which of the following? a. whether demand will be satisfied or whether facilities will be three-time horizons B. Capital requirements c. large portion of fixed costs. d. All of the above
Explain why sales and operations planning teams are cross fuxntions ?
2. Four business units A, B, C and D of a firm X have been characterized as follows, after carrying out Business Portfolio Analysis: Business unit A C D Category Dog Cash Cow Star Question Mark Answer the following questions with respect to the above analysis: a) Plot the above-mentioned business units on BCG matrix. What are the recommended strategies for business units 'A' and 'B' as per the Business Portfolio Analysis? b) A competitor firm Y is keen to acquire firm X's business unit 'C' and is willing to pay an attractive amount for this purpose. Should firm X accept this offer? What are the pros and cons to firm X for selling business unit C to competitor firm Y?
Part 1. Assessed PLO: To recognize the contribution of operations management to an organization’s strategic goals Q1. List 6 ways in which poor operational performance can impact the overall success of the company. When there is poor operational performance involved in a companies management Q2. Give examples of factors influencing capacity, using the six categories presented in class. Q3. Give one example of operations management strategic goals in each four categories using the BSC template, including the goals, measures, targets and initiatives
Cranston Company estimates the following overhead costs for the coming year: Equipment depreciation $160,000Equipment maintenance 60,000Supervisory salaries 40,000Factory rent 100,000Total $360,000 Cranston is also budgeting $600,000 in direct labor costs and 15,000 machine hours for the coming year.(a) Calculate the predetermined overhead rate using direct labor costs as the allocation base. (b) Calculate the predetermined overhead rate using machine hours as the allocation base.
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A cafe manager is responsible for definig the cafe purpose and its goals . * specify the following two steps to conduct the planing process ,explain the answer.

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Research and answer the following: 1. What is Capacity? 2. Describe ways of defining and measuring capacity. 3. Identify some determinants of effective capacity. 4. Discuss factors to consider when deciding