The following is the forecasted demand for Olives Company over the next few months. Month Forecasted Demand Jan 9025 Feb 9000 Mar 9450 Apr 9830 May 9630 Jun 10100 Olives Company is considering using a pure chase strategy. The company has an inventory balance of 300 units and a work force capable of making 9000 units at the beginning of January. Stockout cost due to loss sale is estimated to be $800 per unit. Monthly inventory holding cost are $20 per unit. Olives estimates that adding capacity will cost $75 per unit and firing capacity will cost $50 per unit. Under this plan which of the following is true. O Olives will have inventory cost at the end of January of $5500 O Olives will spend $500 on hiring at the beginning of January O Olives will spend $13,750 on firing at the beginning of January Olives will need to use overtime in April, May and June O Olives holding cost will be be a total of $11000 for the entire plan O None of the other answers are correct
Q: Baker smith runs a bakery in San Pedro that specializes in supersized black forest cupcakes. These…
A:
Q: Show how quantity regulations can be used to counteract an externality, and discuss the pros and…
A: Quantity regulations work as essential tools for governments to reach policy goals associated with…
Q: Q2. What do you mean by 'under conditions of a perfect competition in the product market'? a) MRP =…
A: A perfect competition is a theoretical product market. In this all companies sell similar/identical…
Q: F C A network is outlined in the following table. Time is given in days. Find the slack of activity…
A: In order to find the slack of activity G in the network provided, we need to understand the concept…
Q: Palmer Jam Company is a small manufacturing of several different jam products. One product is an…
A: Step 1: Calculate the expected revenue, R(x), for each possible value of x.For x = 6, R(6) = (0.1 ×…
Q: Operation 1 2 3 4 5 Work Center A B C D E Hourly Unit 80 100 40 50 70 Output Rate If work center C's…
A: Operation12345Work centerABCDEHourly unit Output rate80100405070Here, first, I will find the…
Q: Assume that the sales representative just walked in the door and there are currently 450 pounds of…
A: Sure, let's break down the process step by step:1. Calculating Reorder Point: - We start by…
Q: MGMT Boutique Inc. is a high-end retailer that operates a chain of boutique stores in significant…
A: As the Operational Manager of Business Development at MGMT Boutique Inc., I would request…
Q: Better Fitness, Inc. (BFI), manufactures exercise equipment at its plant in Freeport, Long Island.…
A: Linear Programming (LP) is a mathematical method used for figuring out the best feasible outcome or…
Q: Let's talk about RELAXING!!!! Give me an in-depth discussion about this article. What are your…
A: Relaxation is an essential component of maintaining overall mental and physical well-being. It is…
Q: Jiffy Service is a call center with several business units. One of its business units staffs four…
A:
Q: Year Quarter Revenue2010 1 7,131.002010 2 6,566.002010 3 7,560.002010 4 12,947.002011 1 9,857.002011…
A: 1. **Exponential Smoothing Model:** - Exponential smoothing is a method for forecasting time series…
Q: Our research question: How We Lunch Our New Products in Cosmetics Industry? Our Content: 1.…
A: The cosmetics industry is a rapidly growing sector, with a wide range of products including…
Q: What is the Z value corresponding to a stock out probability of 2%?
A: The objective of the question is to find the Z value (standard normal deviate) corresponding to a…
Q: The A&M Hobby Shop carries a line of radio-controlled model racing cars. Demand for the cars is…
A: Step 1: Step 2: Step 3: Step 4:
Q: Empirical findings on gender differences in negotiations may reinforce which of the following…
A: Given this understanding:a. Veronica's assertion that Ava has selective memory. This choice doesn't…
Q: A manufacturing firm that produces a standardized product, not made of discrete parts, with…
A: CORRECT OPTIONA manufacturing firm that produces a standardized product, not made of discrete parts,…
Q: It will be required to retool existing business structures in order to utilise the chances presented…
A: FEEL FREE TO ASK FOR CLARIFICATIONS
Q: None
A: Supply chain operation for a manufacturing company refers to the management and coordination of…
Q: The difference between customization and personalization lies in who initiates the changes or…
A: Option (A) True. The distinction between customization and personalization lies in the origin of the…
Q: Cigna Accredo pharmacy should be discussed in detail using NAICS to specifically identify the…
A: Through its operations, Cigna Accredo is a participant in the healthcare industry, more specifically…
Q: None
A: True.The main aims of lean production are reducing waste and efficiency maximization. This is…
Q: what is Definition of methods to provide evdence for reliability and validity?
A: The objective of this question is to understand the methods used to provide evidence for reliability…
Q: Jacobs Company manufactures a single product and uses a standard costing system. The nature of its…
A: Part 2: Explanation:In Part 1, journal entries were prepared to record the purchase and usage of raw…
Q: The president of Hill Enterprises, Terri Hill, projects the firm's aggregate demand requirements…
A: Answer well explained above
Q: Answer properly please, and format your answer/work so it's clear to follow
A: Question 2(a)Marginal Value of the 251st CoatDemand Probability: This is the possibility of Zara…
Q: The principle of compounding implies that: we should diversify enough so that the returns on…
A: We should diversify enough so that the returns on different stocks will be the same at some time in…
Q: Why would we graph scatterplots and regression lines?
A: Scatterplots and regression lines are useful tools in data analysis for several reasons: Visualizing…
Q: I need 1to 8 i will give upvotes typing pls
A: Answer 1 )Answer 2 )Answer 3 )Answer 4 )Answer 5 )Answer 6 )Answer 7 )Answer 8 )
Q: has the medical transportation competition changed? What new challenges on the horizon for this type…
A: The medical transportation industry has undergone significant changes over the past few years,…
Q: A B с D E FL ד G H J K L M N P R S T U V 1 On Week 3 Forecast 4 2 a) Smell Fresh Customer Orders…
A: To complete the MPS time-phased record and update it after rolling through time, we need to follow…
Q: Pasquist Water Company (PWC) operates a 24-hour facility designed to efficiently fill water-hauling…
A: Step 1: To calculate the probability of exactly 10 trucks arriving between 2:00 p.m. and 4:00 p.m.…
Q: I need 3 answers no chatgpt
A: b. Total Profits:Total revenue (TR) is equal to price (p) times quantity (q) in each market:In the…
Q: opm
A: Step 1: Requirement (a): Project earnings and dividends for the next year (20X6)Growth Rate…
Q: Operation 1 2 3 4 5 Work Center A B C D E Hourly Unit 100 30 50 60 70 Output Rate If work center D's…
A: Operation12345Work centerABCDEHourly unit Output rate10030506070Here, for each work center, I am…
Q: Carlisle Tire and Rubber, Inc., is considering expanding production to meet potential increases in…
A: The objective of the question is to determine the optimal decision for Carlisle Tire and Rubber,…
Q: Suppose that the R&B Beverage Company has a soft drink product that shows a constant annual demand…
A: Inventory Policy for R&B Beverage CompanyWe can find the following aspects of the inventory…
Q: typing urjent pls i will give upvotes
A:
Q: Super Auto Company rented a warehouse in Halifax, NS to store its engines valued at $500,000. The…
A: In selecting the most economical shipping carrier for Super Auto Company's engines from Halifax, NS,…
Q: Given the following history, use a three-quarter moving average to forecast the demand for the third…
A:
Q: The union manufacturing company is producing two types of products a and b. The demand forecasts,…
A: step1. List the given datastep 2. Calculate CT for each productstep 3. Calculate capacitystep 4.…
Q: Empirical findings on gender differences in negotiations may reinforce which of the following…
A: It has been found in studies on gender differences in negotiations that women are more likely to…
Q: The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard…
A: Step 1:Given :Annual demand (D)=15,600 unitsWeekly demand (d)=300 unitsStandard deviation of weekly…
Q: Below is a network diagram that represents a university revamp project. The project manager analyzes…
A: The critical path method (CPM) is a valuable tool for project managers to plan, execute, and control…
Q: The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition…
A: Part (b) Order frequency:Number of orders per year = AD/Q= 180,000/15,000= 12 orders per yearSo,…
Q: Chrome Edit File View History Bookmarks Profiles Tab Window Help Unauthorized Quiz: Exam Two…
A: Step 1: Step 2: Step 3: Step 4:
Q: Pauline Found Manufacturing, Inc., is moving to kanbans to support its telephone switching-board…
A: For number of Kanban needed is calculated 9.52 then rounding it to the nearest whole number = 10.
Q: Suppose that the R&B Beverage Company has a soft drink product that shows a constant annual demand…
A: Now we will examine each part of the inventory policy computation in greater depth: (a) The EOQ, or…
Q: Assuming a workstation where one operator is assigned four machines. Previous work measurement…
A: The machine operated 75 percent of the time unattended.The operator's attention is required at…
Q: You are working with some people you know and some you don't know on an important project. Things…
A: Project management is the branch of management that deals with organizing and overseeing the…
Step by step
Solved in 2 steps with 1 images
- 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. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?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?Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.
- The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.A local semiconductor firm, Superchip, is planning its workforce and productionlevels over the next year. The firm makes a variety of microprocessors and usessales dollars as its aggregate production measure. Based on orders received and sales forecasts provided by the marketing department, the estimate of dollarsales for the next year by month is as follows:Production Predicted DemandMonth Days (in $10,000)January 22 340February 16 380March 21 220April 19 100May 23 490June 20 625July 24 375August 12 310September 19 175October 22 145November 20 120December 16 165Inventory holding costs are based on a 25 percent annual interest charge. It is anticipatedthat there will be 675 workers on the payroll at the end of the current year and inventorieswill amount to $120,000. The firm would like to have at least $100,000 of inventory at theend of December next year. It is estimated that each worker accounts for an average of$60,000 of production per year (assume that one year consists of 250…Given the following forecast and cost information, Regular time cost $ 40.00 per unitdetermine the total cost of a plan that uses regular time Overtime cost $ 60.00 per unitproduction output of 600 units per month, overtime is subcontracting cost $ 80.00 per unitused when needed up to a maximum of 60 units per holding cost $ 10.00 per unit per monthmonth, and subcontracting is used if additional units are needed to meet the forecast.Month Forecast1 5702 6003 6304 6505 6706 690Totals
- Product A is an assemble-to-order product. It has a lot size of 150, and currentlyhas an on-hand inventory of 110 units. There is a 2-week demand time fence and a12-week planning time fence. The following table gives the original forecast and theactual customer orders for the next 12 weeks:Week 1 2 3 4 5 6 7 8 9 10 11 12Forecast 80 80 80 70 70 70 70 70 70 70 70 70Demand 83 78 65 61 49 51 34 17 11 7 0 0a. Given this information, develop a realistic master schedule, complete with ATPlogic.b. Tell how you would respond to each of the following customer order requests.Assume these are independent requests, and do not have cumulative effects.■ 20 units in week 3■ 40 units in week 5■ 120 units in week 7The Bango Toy Company produces several types of toys to seasonal demand. The forecast for the next six months in thousands of dollarsis given below:July Aug. Sept. Oct. Nov. Dec.Forecast $1000 $1500 $2000 $1800 $1500 $1000A regular employee can produce $10,000 worth of toys per month, and the company has 80 regular employees excel at the end of June. Regular-time employees are paid $3800 per month, including benefits. An employee on overtime produces at the same rate as on regular time but is paid at 150 percent of the regular pay. Up to 20 percent overtime can be used in any one month. A worker can be hired for $1000, and it costs $2000 to lay off an employee. Inventory carrying costs are 30 percentper year. The company wishes to end the year with 80 employees. Beginning inventory of toys is $900,000.a. Calculate the cost of a chase strategy.b. Calculate the cost of a level strategy.c. Using the Excel template, simulate several other strategies.d. Determine the effect on the chase…The company Customer First A-to-Z uses a make to stock strategy. Product A is thecompany’s main product. The forecast for Product A, the accepted customer ordersand the master production schedule is shown below. The company presently has150 units on hand and a fixed master production schedule quantity of 80 units isused. Product A Forecast Customer Orders MPS Week Quantity Week Quantity Week Quantity 1 60 1 45 1 2 60 2 66 2 80 3 60 3 55 3 4 60 4 65 4 5 60 5 40 5 6 60 6 22 6 7 60 7 10 7 8 60 8 5 8 9 60 9 4 9 10 60 10 2 10 Required:A. Help the master production scheduler to fill in the master schedule calculationtable shown below, by using the forecast, the customer orders and the plannedproduction of product A. 1 2 3 4 5 6 7 8 9 10 Ft Dt EIt-1 Pt EIt ATPt B. The marketing department has accepted an…
- Cotton Island Fashions, a clothing producer, has generated a forecast for the next eightweeks. Demand is expected to be fairly steady, except for periods 3 and 4, which havehigher demands.Month 1 2 3 4 5 6 7 8 TotalForecast 1200 1200 1400 3000 1200 1200 1200 1200 11600The company typically hires seasonal workers to handle the extra workload in periods 3and 4. The cost for hiring and training a seasonal worker is $50 per worker, and thecompany plans to hire two additional workers and train them in period 3, for work in period4, and then lay them off (no cost for layoff). Develop an aggregate plan that uses steadyoutput from regular workers with added output from the two seasonal workers in period 4.The output rate for the seasonal workers is slightly less than that of regular workers, sotheir cost per unit is higher. The cost per unit for regular workers is $4 per unit, while costper unit for the seasonal workers is $5 per unit. Backlog cost is $1 per unit per period.Determine the total cost for this plan given the following forecast:Month 1 2 3 4 5 6Forecast 380 400 420 440 460 480Use steady regular output of 400 units per month, use overtime as needed for up to 40 units permonth, and use subcontracting to make up any needed output to match the forecast. Unit costs are:Regular output = $25Overtime = $40Subcontract = $60Average Balance Inventory = $15The Yeasty Brewing Company Produces a popular local beer known as Iron Stomach. Beer sales are somewhat seasonal, and Yeasty is planning its production and workforce levels on March 31 for the next six months. The demand forecasts are as follows: month production days demand(in hundred of cases) April 14 75 May 20 100 June 24 200 July 26 140 August 20 100 September 18 50 As of March 31, Yeasty had 70 workers on the payroll. Over a period of 20 working days when there are 100 workers on the pay roll, Yeasty produced 10,000 cases of beer. The cost to hire each worker is $200 and the cost of laying off each worker is $400. Holding costs amount to 1 dollar per case per month. As of March 31, Yeasty expects to have 3,000 cases of beer in stock. It plans to start October with 3,500 cases on hand. a) Formulate the problem of planning Yeasty’s production levels as a linear program. b) Use Excel solver to solve the problem and give the solution (decision variables and…