CIS615 Unit One Assignment

Alicia Wong Alicia Wong, Corporate Supply Manager, Thain Foods Limited, wanted to prepare a proposal to manufacture mustard in-house. Mustard, an important ingredient in many of the company’s products, was currently purchased from an outside supplier. She hoped a comprehensive proposal could be prepared in one-month’s time for the CEO’s approval Thain Foods Limited (TFL) had been in business for morethan 30 years. Its products included a wide range of syrupsfudges, cone dips, sauces, mayonnaise, and salad dressings. Its customers were major food chains, hotels, and restaurants in North America and Europe. TFL believed in continuous improvement to its operations. Over the last two years, it invested more than $2 million in plant facilities, the bulk of it new, state-ofthe-art process equipment and process control. All production and process control functions were computerized for maximum efficiency. TFL employed about 120 people. It had a corporate structure of CEO; president; executive…

Alicia Wong Alicia Wong, Corporate Supply Manager, Thain Foods Limited, wanted to prepare a proposal to manufacture mustard in-house. Mustard, an important ingredient in many of the company’s products, was currently purchased from an outside supplier. She hoped a comprehensive proposal could be prepared in one-month’s time for the CEO’s approval Thain Foods Limited (TFL) had been in business for morethan 30 years. Its products included a wide range of syrupsfudges, cone dips, sauces, mayonnaise, and salad dressings. Its customers were major food chains, hotels, and restaurants in North America and Europe. TFL believed in continuous improvement to its operations. Over the last two years, it invested more than $2 million in plant facilities, the bulk of it new, state-ofthe-art process equipment and process control. All production and process control functions were computerized for maximum efficiency. TFL employed about 120 people. It had a corporate structure of CEO; president; executive…

Problem: Sales of industrial vacuum cleaners at Yarena Supply CO. over the past 13 months are as follows:   Sales in P1,000 Month Sales in P1,000 Month 11 January 14 August 14 February 17 September 15 March 12 October 10 April 14 November 15 May 16 December 17 June 11 January 11 July       Required suing a moving average with three periods, determine the demand for vacuum cleaners for next February?

Problem 1Human visual inspection is necessary in many quality engineering contexts and is naturallysubject to subjectivity. This is especially true for the inspection of solder joints on circuit boards,as there are numerous types of solder defects, as well as a degree to which a joint possessesone or more defect. Consequently, even highly trained inspectors can disagree on the status ofa particular joint. In a batch of 10,000 such joints, inspector A found 724 to be defective,inspect B found 751 to be defective, and 1159 of the joints were judged to be defective by atleast one of the inspectors. Suppose that one of the 10,000 joints is randomly selected.a. What is the probability that the selected joint was judged to be defective by neither ofthe two inspectors?b. What is the probability that the selected joint was judged to be defective by inspector Bbut not by inspector A?

Joseph Biggs owns his own ice cream truck and lives 30 miles from a florida beach resort. The sale of his products is highly dependent on his location and on the weather. At the resort, his profit will be $120 per day in fair weather, $10 per day in bad weather. At home, his profit will be $70 in fair weather and $55 in bad weather. Assume that on any particular day, the weather service suggests a 40% chance of foul weather. A) Construct Joseph's decision tree. B) What decision is recommended by the expected value criterion?   NOTE: Please answer it all. Thank you so much. God bless! :)))

Sigma Airway: In 2021, Sigma Airway was considering the possibility of adding a new economy class to the two existing classes - first class and tourist -in the hope that the total contribution to its profit from fares might be increased. Ms. Somsri, the marketing manager for Sigma had to decide within the next week whether or not to introduce such as a change. If introduced, the new class would have to be retained for at least 100 days. Somsri felt that the essential question to be answered in her analysis was whether such a deal would attract sufficient new customers to offset the loss of revenue from existing tourist customers switching to the lower-contribution economy class. Somsri, having had some experience with these problems in the past, made the following assessments: On an average day she felt that there was a 1 in 3 chance that 200 new customers would be attracted to the new class, a 1 in 3 chance at the figure would be around 100 new customers, and a 1 in 3 chance that it…

PREAMBLE The recent Akosombo Dam spillage has displayed an estimated 35,857 people including children. People have lost their belongings and livelihoods. Schools, hospitals, and shops have been destroyed. The United Nations Relief and Works Agency (UNRWA) in collaboration with the Government of Ghana and the Youth Association of the area has decided to relocate permanently the displaced citizens to a 5,000-hectare piece of land acquired from the chiefs and people of Saglemi in the Greater Accra Region. The UNRWA will provide funding to the tune of US$600 million. The funds for the acquisition of the land are provided by the Government of Ghana and the United Tongu Youth Association in the Diaspora. The Entire Project has been contracted to a Consortium of three colleagues at KNUST. The College of Art and Built Environment, College of Engineering, College of Health Sciences, and College of Social Sciences.     2.      THE PROJECT The relocation is in FOUR PHASES as follows: Phase 1:…

CASE BACKGROUNDMGMT Mobile Company (MMC) offers mobile services to users on a monthly subscription basis. Special discounts are given to customers for frequently using their pre- or post-paid mobile service. Customers can also sign up online or visit one of ten outlets stationed at various locations around the country. Customers can opt to receive their bills either through the post or online but all payments are due by the 21st of each month. An 18.5% mobile tax is applied to the cost of all services. All transactions, customer calls and other data are captured in a database, where specific data can be extracted for decision making. As a new employee of a team in the IS Department of this corporation, your manager wants you to produce some reports for him to review for the next quarter, such as which types of customers should be targeted for special offers and how much money is received for taxes.Reports reaching Executive management revealed that all of the outlets were receiving…

5. Meg Jones, the CEO of Ajax Computer Company, and Brad Smith, its Director of Operations, had been discussing how to increase the firm’s production of the company’s flagship XR58. The XR58 was particularly important because it sold 12,500 of them in the most recent year for $950, at a gross margin of 55%. After a lot of discussion, they decided to pursue an incentive system designed to increase production by 12% in the next year. After Brad discussed this possible incentive with the production team, the team determined that it could increase production by this amount without adding any more people or equipment. They believed they could accomplish this improvement primarily through process redesign. To incent them to do the hard work of process improvement, Brad told the team that it would receive 25% of the increased profits if it met the new production goal. For this team of 20 people, this would mean an additional compensation of _________ for each team member, on average, for…

Letz Products has two decisions to make, with the second decision dependent on the outcomeof the first. The company intends to build a new plant. Letz has the option of conducting itsown marketing research survey for which the results will either be positive or negative. Theinformation from this survey could help it decide whether to build a large plant, to build a smallplant, or not to build at all. Letz recognizes that although such a survey will not provide it withperfect information, it may be extremely helpful.    Using the image explain to your client (Letz) what the above decision tree shows. You arerequired to show all working.

Refer to the following sensitivity report:   Variable Cells Cell Name Final Value Reduced Cost  Objective Coefficient AllowableIncrease AllowableDecrease $B$2 Product_1 0 −2 5 2 1E+30 $B$3 Product_2 175 0 7 1E+30 1 $B$4 Product_3 0 −1.5 9 1.5 1E+30   Constraints Cell Name Final Value Shadow Price  Constraint R.H.Side AllowableIncrease AllowableDecrease $H$9 Resource_A 0 0 100 1E+30 100 $H$10 Resource_B 525 0 800 1E+30 275 $H$11 Resource_C 700 1.75 700 366.6666667 700   If the objective function coefficient for Product_1 were increased to a value of 8, which of the following would be TRUE?   The optimal solution would change. The optimal objective function value would stay the same. Product_1 would enter the solution (the final value of the variable Product_1 would be greater than zero).

Refer to the following sensitivity report:   Variable Cells  Cell Name Final Value Reduced Cost  Objective Coefficient AllowableIncrease AllowableDecrease $B$2 Product_1 0 −2 5 2 1E+30 $B$3 Product_2 175 0 7 1E+30 1 $B$4 Product_3 0 −1.5 9 1.5 1E+30   Constraints  Cell Name Final Value Shadow Price  Constraint R.H.Side AllowableIncrease AllowableDecrease $H$9 Resource_A 0 0 100 1E+30 100 $H$10 Resource_B 525 0 800 1E+30 275 $H$11 Resource_C 700 1.75 700 366.6666667 700   If the right-hand side of Resource_C increases to 750, which of the following would be true The objective function value will increase by $1.75   The objective function value will decrease by $1.75   The objective function value will increase by $87.50   The objective function value will decrease by $87.50   None of the answer choices is correct

Refer to the following sensitivity report:   Variable Cells Cell Name Final Value Reduced Cost  Objective Coefficient AllowableIncrease AllowableDecrease $B$2 Product_1 0 −2 5 2 1E+30 $B$3 Product_2 175 0 7 1E+30 1 $B$4 Product_3 0 −1.5 9 1.5 1E+30   Constraints Cell Name Final Value Shadow Price  Constraint R.H.Side AllowableIncrease AllowableDecrease $H$9 Resource_A 0 0 100 1E+30 100 $H$10 Resource_B 525 0 800 1E+30 275 $H$11 Resource_C 700 1.75 700 366.6666667 700   If the objective function coefficient for Product_1 were decreased to a value of 3, which of the following would be TRUE?   The optimal solution would change. The optimal objective function value would stay the same. Product_1 would enter the solution (the final value of the variable Product_1 would be greater than zero).   A. 1 only B. 2 only C. 3 only D. 1, 2 and 3 E. Only 1 and 2

1. 1.Alabama llc collected sales dara for four months, janurary through april. the data is janurary-17, feburary -24, march -25 and april -26. usung a three month moving average. the forcaste calue of may is     a. 21 b.22 c.23 d.24     2. a decision tree branch has an expectrd monrtary value of 108. the probability of success is .6 with an outcome value of 200. what is the outcome value of failure?

Period (t) Enrollment (1000s) 1 6.5 2 8.1 3 8.4 4 10.2 5 12.5 6 13.3 7 13.7 8 17.2 9 18.1 Develop a linear regression with a dependent variable of “Enrollment (1000s). A.What is the value of R square? (Make sure two decimal places.) B.What is the value of intercept? (Make sure two decimal places.) C.What is the coefficient value of Period (t)? (Make sure two decimal places.) D.Is the coefficient of Period (t) significant? (Yes:1, No: 0) E.What is the forecast for year 10?

Specialty Toys, Inc., sells a variety of new and innovative children's toys. As with other products, Specialty faces the decision of how may Weather Teddy units to order for coming holiday season. Members of the management team suggested order quantities of 15,000, 18,000, 24,000, 28,000 units. The wide range of order quantities suggested indicates considerable disagreement concerning the market potential. The product management team ask you for analysis of the stock-out probabilities for various order quantities, an estimate of the product potential, and to help make an order quantity recommendation. Specialty expects to sell Weather Teddy for $24 based on cost of $16 per unit. If inventory remains after the holiday season, Specialty will sell all surplus inventory for $5 per unit. After reviewing the sales history of similar products, Specialty%u2019s sales forecaster predicted and expected demand of 20,000 units with a .95 probability that demand would be between 10,000 units and…

Case Synopsis: Mahindra & Mahindra Ltd., a $23 billion company in 2021, has been the number one tractormanufacturer in India for the last 30 years. The agriculture tractor sale market in India is seasonal in nature andgrowing. To meet demand, the company has four manufacturing plants and 26 sales offices across the country; theirmain job is to coordinate supplies between its 800 dealers and the company. The sales offices provide a rollingdemand forecast of tractors for the current month plus two months in the future. The forecast is used to determine thenumber and models of tractors to manufacture and to support advance ordering of key modules and parts. The deputygeneral manager of sales in the company’s Farm Division has been receiving an increasing number of complaints fromirate dealers about the supply of tractors from the company’s stockyards. He needs your help to fix the situation. 1A. Discuss two additional demand management strategies or tools that MMFE could use to better…

4.  In the​ past, Peter​ Kelle's tire dealership in Baton Rouge sold an average of 1,100 radials each year. In the past 2​ years, 220 and 250​, respectively were sold in​ fall, 360 and 300 in​ winter, 150 and 160 in​ spring, and 320 and 440 in summer. With a major expansion​ planned, Kelle projects sales next year to increase to 1,300 radials. Part 2 Based on next​ year's projected​ sales, the demand for each season is going to be ​(enter your responses as whole​ numbers):   Season Demand Fall __________

Which is larger, Ws or Wq? Explain.

Home-Style Cookies has decided to implement an employee suggestion to open a retail cookie shop in the front area of their manufacturing building in Hudson, New York. The employee offices currently occupying that space can easily be moved to the production area and there is ample parking for customers. Even though the plant is located in a small town, it is easily accessible and visible from the scenic highway which leads to Manhattan, New York. Through research and initial consumer testing, the retail shop will offer individual cookies for sale, pre-packaged dozen cookies (one kind of cookie), and gift cookie assortments in logoed tins in two sizes, 2-dozen and 3-dozen. The Home-Style executive team has hired you as a consultant to create the initial plan for the new retail shop. They have given you the first three months’ forecast, represented in the following table (Retail Shop Forecast). Embed your service blueprint in your document or submit it separately. Month Chocolate…

Describe the process of model identification and system parameter estimation and its significance in real-world applications.

1.)  For operations managers, one of the most important jobs is to deliver healthy, safe, and quality products and services to customers. The development of poor-quality products, because of inadequate design and production processes, not only results in higher production costs but also leads to injuries, lawsuits, and increased government regulation. Discuss the Four major categories of costs associated with quality/Cost of Quality (COQ). 2.)  A Tema Oil Refinery (TOR) Ltd, must decide among three sites for the construction of a new oil storage facility. The firm has selected the six factors listed below in Table1 as a basis for evaluation and has assigned rating weights from 1 to 5 on each factor. Mr. Isaac Osei the Managing Director has rated each location for each factor on a 1 to 100-point basis. Requirements (a) Which site will be recommended based on total weighted scores? (b) If location B’s score for Proximity to port facilities was reset at 90, how would the result change?…

Using decision trees analysis and EMV, what should DMR do?

Microsoft Excel 16.0 Sensitivity Report       Worksheet: [Book1]Sheet7         Report Created: 9/26/2020 10:43:05 AM       Engine: Standard LP/Quadratic                         Objective Cell (Min)             Cell Name Final Value           $B$13 Obj Func AN 4135000                         Decision Variable Cells                 Final Reduced Objective Allowable Allowable   Cell Name Value Cost Coefficient Increase Decrease   $B$11 variables AN 55000 0 33 7.0000001 41.0000001   $C$11 variables AO 0 7 48 1E+30 7   $D$11 variables BN 25000 0 27 8.0000001 7.0000001   $E$11 variables BO 47000 0 35 7.0000001 8.0000001                 Constraints                 Final Shadow Constraint Allowable Allowable   Cell Name Value Price R.H. Side Increase Decrease   $B$16 LHS 55000 41 55000 10500 47000   $B$17 LHS 72000 35 72000 10500 47000   $B$18 LHS 80000 -8 80000 47000 10500   $B$19 LHS 47000 0 57500 1E+30 10500     The answers to the questions…

A method of estimating future demand usedfor decision making in order to set reasonable targets and control orlimit uncertainties or risks.