a) Over what range of production is each location optimal? b) For a production of 200 units, which site is best? Px
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- The fixed and variable costs for three potential manu-facturing plant sites for a rattan chair weaver are shown: SITE FIXED COST PER YEAR VARIABLE COST PER UNIT1 $ 500 $112 1,000 73 1,700 4a) Over what range of production is each location optimal?b) For a production of 200 units, which site is best?•• 8.16 The fixed and variable costs for three potential manu- facturing plant sites for a rattan chair weaver are shown: SITE FIXED COST PER YEAR VARIABLE COST PER UNIT $ 500 $11 2 1,000 7 1,700 4 a) Over what range of production is each location optimal? b) For a production of 200 units, which site is best? PX 3.Location Fixed Cost Variable Cost A $100,000 $10 B $150,000 $7 C $200,000 $5 600 Annual 500 Cost ($000) 400 300 200 100 2 4 6 8 10 14 16 18 20 Q (000s of units) i. Plot the total cost curves in the chart provided above and identify the range over which each location would be best. ii. Use break-even analysis to calculate exactly the break-even quantity that defines each range.
- by ••• 8.18 Hyundai Motors is considering three sites-A, B, and C-at which to locate a factory to build its new-model automo- bile, the Hyundai Sport C150. The goal is to locate at a minimum- cost site, where cost is measured by the annual fixed plus variable costs of production. Hyundai Motors has gathered the following data: ANNUALIZED FIXED COST VARIABLE COST PER AUTO PRODUCED SITE A $10,000,000 $2,500 $20,000,000 $2,000 $25,000,000 $1,000 The firm knows it will produce between 0 and 60,000 Sport C150s at the new plant each year, but, thus far, that is the extent of its knowledge about production plans. a) For what values of volume, V, of production, if any, is site C a recommended site? b) What volume indicates site A is optimal? c) Over what range of volume is site B optimal? Why? Px 8.19 PeggyExplain 5 consequences of location strategy?Problem 8-10 Factor Initial cost Traffic Maintenance Dock space Neighborhood Location East #1 East #2 West Weight East #1 100 60 20 24 15 0 00 00 N West East #1 East #2 8 8 4 4 2 East #2 110 35 25 24 9 a. Using the above factor ratings, calculate the composite score for each location. West 110 35 Composite Score 25 13 11 b. Determine which location has the highest composite score:
- ••8.23 Todd's Direct, a major TV sales chain headquar- tered in New Orleans, is about to open its first outlet in Mobile, Alabama, and wants to select a site that will place the new out- let in the center of Mobile's population base. Todd examines the seven census tracts in Mobile, plots the coordinates of the center of each from a map, and looks up the population base in each to use as a weighting. The information gathered appears in the following table. POPULATION IN CENSUS TRACT X, Y MAP COORDINATES CENSUS TRACT 101 2,000 (25, 45) 102 5,000 (25, 25) 103 10,000 (55, 45) 104 7,000 (50, 20) 105 10,000 (80, 50) 106 20,000 (70, 20) 107 14,000 (90, 25) a) At what center-of-gravity coordinates should the new store be located? b) Census tracts 103 and 105 are each projected to grow by 20% in the next year. How will this influence the new store's coordinates? P10.determine which location has the highest composite score.10. Determine which location has the highest composite score: Location Score Factor Wt. East #1 East #2 West Initial Cost 8. 100 150 140 Traffic 10 40 40 30 Maintenance 6. 20 25 18 Dock space 6. 25 10 12 Neighborhood 4 12 8 15
- What are the three steps to locational cost–volume analysis?Q 3 locations have been identified as suitable options for building a new factory. The fixed and variable costs for each of the 3 potential locations has been estimated. Identify the best location when a) Demand estimate is 2000 units b) Demand estimate is 3500 units and c) Identify point of indifference between B and C (Rupees) (Rupees) Location Annual Fixed Cost Unit Variable Cost A 5,00,000 300 B 7,50,000 200 C 9,00,000 100Problem 1: A large pharmaceutical chain aims to build a new store to be able to deliver from it to the rest of the mid-west area. By now, three different locations have been selected. Some data about factors, weights and location are provided to make the selection. Locations Factor Weight Peoria Des Moines Chicago Closeness to markets 20 4 7 Labor costs 8 4 Taxes 15 9 7 Closeness to providers 10 10 10