Find the solutions: 1.0bjectives 2.Decision Variables 3. Certainty 4.. Parameters
Q: During the past 8 quarters, the Port of Baltimore has unloaded large quantities of grain. (a - .10)....
A:
Q: Let us assume that a new medical facility, Health-care, is to be located in XYZ city. The location f...
A: The above table can be redrawn as, Sr Location factor Factor rating Location 1 Location 2 1 Fa...
Q: Give examples of Repetitve Work not a project and explain
A: A project in other words is a prototype with a goal to be achieved for the further growth of the cor...
Q: Given the Exponential Smoothing Method, Actual Demand alpha = .25 and Forecast Demand alpha = 0.75, ...
A: Forecasting is a method that uses past data as inputs to make informed estimations that are predicti...
Q: Elucidate the importance of supply chain management in healthcare
A: In the healthcare industry, there is a pressing demand for better supply chain management. COVID-19 ...
Q: Describe the three [3] types of utility under global infrastructure
A: Global Infrastructure is a platform that enables various areas throughout the globe to collaborate b...
Q: Why is project management important? Provide 1 reason and explain.
A: Project management is characterized as the most common way of controlling a project from the beginni...
Q: What are the primary areas of concern for risk management, and how would you define them?
A: Risk management: The process of identifying, analysing and controlling of hazards/risks for the orga...
Q: Could this be answered in more detail (what is risk aggregation)
A: When multiple risks are identified together by an organization in order to determine their total imp...
Q: The first step in building quality is: O Specifying product attributes O Identifying quality charact...
A: Quality is the ability to manufacture the products and services as set standards and increase custom...
Q: What is a the advantage of using the Fixed-Order-Quantity model in inventory management?
A: Inventory management is the management in which raw materials and finished products and stored and m...
Q: List 5 claims that are made in the advertisement for the ultrasonic pest repeller.
A: Advertising can be stated as the one-way communication approach whose purpose or motive is to inform...
Q: The quarterly sales in millions for Autoko Corporation, an automobile dealership company over the pa...
A: Seasonal factor helps to predict the future demand based on the past information while considering t...
Q: Provide various reasons as to why project costs may exceed the estimate and provide an alternative s...
A: Project costs are the sum amount of all the funds that is necessary to complete a particular project...
Q: QUESTION 2 2.1 Discuss the stages in the development of the procurement function, their characterist...
A: 2.1) Procurement process or function are a series of steps or processes that is essential to obtain ...
Q: b. If 275 units were actually demanded this month, what would your forecast be for next month, again...
A:
Q: Exponential Smoothing Forecasting Use the area below to draw a line chart for single exponential smo...
A: Exponential Smoothing Forecasting Ft+1 = At-1×α+1-αFt Error = Actual data -Forecast data Mean squar...
Q: Question 1 (Stock Control) - Suyuti Auto purchases a component used in the manufacture of automobile...
A:
Q: What are the disadvantages and advantages of moving average technique and simple exponential smoothi...
A: Forecasting is an extremely important & significant part of company planning. It directs to the ...
Q: the types of business level strategy?
A: Strategy at the business level is simply a description of the policies, objectives, and activities t...
Q: A local farmer has requested the business 351 class to help him determine the optimal level for prod...
A:
Q: An electric utility company is trying to decide whether to replace its PCB transformer in a generati...
A:
Q: Q.4: What is Condition based maintenance? How it can be future of facility management. Explain with ...
A: Condition based maintenance is a strategy in maintenance which would monitor the actual condition of...
Q: Using the information in the table above, write a system of three equations. (ii) Write the system i...
A: It is given that the dietitian desires each meal to meet exactly the daily requirement of proteins ,...
Q: There is a canteen setup serving food (Breakfast, Lunch, Snacks-tea and Dinner) to 500 students in a...
A: Provide one relatable and relevant example of five of the eight wastes under Lean systems which are ...
Q: Define “TIIMWOOD” and explain any one of them with example. (Do not exceed 125 words)
A: Manufacturing is the process of producing finished products and services using raw materials and res...
Q: How important is standardization?
A: The process of setting rules to regulate the development of a product or service based on the consen...
Q: Complete the "Forecast for tomorrow" column in the table above. Use an exponential smoothing forecas...
A:
Q: The process that involves monitoring equipment and facilities, and performing routine inspections an...
A: Breakdown maintenance refers to the maintenance that is done on any equipment that is not in the sta...
Q: Formulate the situation as a system of inequalities. (Let x represent the number of dinghies the com...
A: Given data is Available labor hours for metalwork = 108 Available labor hours for painting= 90 Labo...
Q: Compute the forecast sale using α = 0.20 and α = 0.35 respectively. (Note: express all answers usin...
A: Forecasting is the process of estimation in which the future demand is determined based on previous ...
Q: 1. Explain four (4) which emotional intelligence competencies are required for managers in the disch...
A: Emotional intelligence (otherwise known as emotional remainder or EQ) is the capacity to get, use, a...
Q: When Delroy draws on well-developed procedures in his job of grocery store inventory clerk to determ...
A: A decision making is a process of identifying the problem with all available decision alternative an...
Q: Explain what a SWOT analysis is and what it isn't.
A: A Small Introduction about Analysis It covers the standard subjects of a basic examination course, ...
Q: Discuss any example of VSM from daily life (Do not exceed 100 words)
A: Lean management is the manufacturing technique that works to provide value to the customers without ...
Q: Tntroduce slack variables as necessary and then write the inital smplex tableau for • 3x + 3ky s11 *...
A: Max Z = x1 + 6 x2 + 3 x3 subject to x1 + 2 x2 + 3 x3 ≤ 11 6 x1 + x2 + 5 x3...
Q: Explain briefly the techniques job design and work life balance and how they could be used to improv...
A: To be determined: The techniques, job design, and work-life balance and how they could be used to im...
Q: In your own words, Explain why there is a need for innovative policing in Law Enforcement. Write in ...
A: Innovative Policing is an overview of democratically oriented innovations and orientations in polici...
Q: Suppose you are made a warehouse manager of an exporting firm. Which factors will you consider befor...
A: Being a warehouse manager of an exporting firm, we must consider multiple factors before setting up ...
Q: Explain the following concepts using at least two sentences. (a) hazrd (b) onsequence ...
A: Note- Hi! Thank you for the question, As per the honour code, we are allowed to answer three sub-par...
Q: It Is the concept that can be applied to both products and services. a. logistics b. supply chain ...
A: a. logistics:- Logistics is only related to the delivery of goods or movements of finished products....
Q: Setup a numerical example that can be used to demonstrate to the owner of the company how the center...
A: The center of gravity technique refers to an approach seeking to compute geographic coordinates for ...
Q: Question 2: A town's department of public works is concerned about adverse public reaction to a sewe...
A: Control Chart can be stated as the graphical study which generally focuses on transformations or flu...
Q: The appropriate maintenance policy is developed by balancing preventive maintenance costs with break...
A: Breakdown maintenance generally works by operating tools or equipment until it gives out or breaks d...
Q: solve for MAD, SSE, MSE, and MSE. (Note: express all answers using 4 decimal places if applicable)
A: Forecasting is the process of calculating the future demand by estimating using previous or historic...
Q: CPU-on-Demand (CPUD) offers real-time high-performance computing services. CPUD owns 1 supercomputer...
A: Currently available super computers, m =1 Processing time, p=3 hours Interarrival time, a=7 hours St...
Q: State how does the long term capacity considerations differ from that of short term capacity conside...
A: To be determined: how does the long term capacity considerations differ from that of short term capa...
Q: Identying a problems and matching it with established routines and procedures for resolving it is a
A: Decision making is a process of identifying the optimal alternative from a group of possible outcome...
Q: To move from a 3-Sigma process to a 6-Sigma process, the largest challenge is generally to O Decreas...
A: 3 sigma and 6 sigma ate closely related with process quality that applicable different kind of measu...
Q: The local driver's license center processes applications for driver's license renewals through the f...
A: Here given data:
Show your complete solution
Step by step
Solved in 4 steps with 3 images
- The Chineke Group of Company manufactures two products, namely product B and product P, and provides you with the following information: Prod. B Prod. P Selling price per unit 80.00 50.00 Less cost of sales: Direct material A @ R5.00 per kg 15.00 10.00 Direct material B @ R4.00 per kg 8.00 12.00 Direct labour @ R6.00 per hour 12.00 6.00 Variable manufacturing overhead @ R5.00 per labour hour 10.00 5.00 Fixed manufacturing overhead per unit 5.00 5.00 Gross profit 30.00 12.00 Less sales & administrative costs: Variable 6.00 4.00 Fixed 10.00 5.00 Net profit per unit 14.00 3.00 Take note of the following constraints: Material A available 360 kg Material B available 360 kg Labour hours available…XYZ Leather Company manufactures and sells two products, wallets and belts, in its two-department plant. Operating data pertaining to the two products are as follows: Wallets Belts Selling price per unit P30 P50 Cost per unit: Variable manufacturing costs P8 P15 Variable marketing costs P2 P3 Fixed manufacturing costs P5 P5 Fixed marketing costs P6 P1 Cutting Finishing…Self-test 3 Boysen produces enamel and acrylic paint from two particular raw materials M1 and M2. The following data provides the data regarding the production restrictions. Tons of Raw Materials per Maximum daily availability (in tons) ton of: Enamel Acrylic Paint Paint Raw Material, M1 6 4 24. Raw Material, M2 1 2 6 Profit per ton (in millions of Php) 5 4 If the maximum daily demand for enamel paint is at 2 tons, determine the production output that would maximize the profit. Find the optimal solution using the simplex method.
- Q4: suppose a particular Ford Plant can build Escort at a rate of one every hr., explorer at a rate of one every 1.5 hr and Lincoln navigator at a rate of one every 2 hr. the vehicles get 25, 15 and 10 miles per gallon of fuel respectively and congress mandates that the average fuel economy of vehicles produced at least 18 miles of all per gallon. Ford loses $1000 on each Escort, but makes a profit of $ 5000 on each Explorer and $ 15000 on each Navigator. Formulate this problem to maximize the profit of ford in one 8 hr-day.Describe the process of model identification and system parameter estimation and its significance in real-world applications.Two 150 horsepower motors are being considered for the company's expansion, as presented in the table below (1 hp = 0.746 kw, Php10 per Kw-hour): Purchase price Useful life Market value Annual maintenance cost Efficiency Motor A MARR Php 200,000 Annual operational cost 15,000 10 years None 10,000 80% 10% per year Motor B Php 250,000 10 years 2,500 30,000 5,000 90% How many hours of operations can the company chose either motor A or motor B (the breakeven hours for both motors)? If the motor is to operate for less than and greater than the break-even hours for both motors, which motor should be chosen? 1. How many hours of operations can the company chose either motor A or motor B (the breakeven hours for both motors)? 2. If the motor is to operate for less than the break-even hours for both motors, which motor should be chosen? 3. If the motor is to operate for greater than the break-even hours for both motors, which motor should be chosen?
- Residents of Mill River have fond memories of ice skating at a local park. An artist has captured the experience in a drawing and is hoping to reproduce it and sell framed copies to current and former residents. He thinks that if market is not good, he could sell 400 copies of the version at Rs.125 each. If the market is good, he would only sell 300 at Rs. 90 each. He could make a deluxe version of the same drawing instead. He feels that if the market were not good he could sell 500 copies of the deluxe version at Rs.100. If the market is good, he would only sell 400 copies at Rs.70 each. In either case, production costs would be approximately Rs.35,000. He could also choose to do nothing at this time. If he believes there are a 40% probability of a good market, and 60% probability of not good market, what should he do? Why?Mont Corp produces and sells 1,000 dining tables per year. Currently its only quality problem with the products is related to varnishing. It currently incurs $400 per year for quality training and $600 per year for reliability engineering. Inspection cost is $6 per unit, and all units produced are inspected. Traditionally, at an internal inspection, 9% of all units fully-produced are found to have problems with the varnishing, and are reworked. Rework cost is $100 per unit. Defective units sold to customers are returned to the company and reworked. External failures are 1% of units sold, and the company incurs the shipping costs at the rate of $20 per unit. In 2020, management are considering an alternative method of inspecting products which will reduce inspection cost by $1.50 per unit. The alternative method will reduce the internal failure to 4% of all units produced, and increase the external failure rate to 6% of all units sold. In addition, with the alternative inspection…Questions 2 – Capital budgeting and NPV Responsible Testing Company may buy DNA‐testing equipment A costing $60,000 now (at year 0). This equipment is expected to reduce labor costs of the clinical staff, net of all staff training expenditures, by $20,000 annually in the subsequent years following the investment. Equipment A has a useful life of 8 years and can be straight‐line‐depreciated over its years of operations. No salvage value is expected at the end. The corporate tax rate (combined federal and state) is 40% and the company’s required rate‐of‐return is 15%. (2a) Describe the company’s “investment project”. Calculate the relevant cash flows and use the NPV method to determine the attractiveness of this project. (2b) Suppose that in the second year (year 2) a more efficient and effective DNA‐testing equipment B is expected to enter the market. The new equipment costs $90,000, will have an effective operating life of 6 years, can be straight‐line‐depreciated but…
- Discuss the various methods for system identification and parameter estimation.Consider the following costs of Zula Ltd over the relevant range of 5 000 to 2 0000 units produced.Units produced 5 000 10 000 15 000 20 000Variable cost $200 000 ? ? ?Fixed cost $1 800 000 ? ? ?Total ? ? ? ?Cost per unitVariable cost ? ? ? ?Fixed cost ? ? ? ?Total ? ? ? ?RequiredComplete the above tableA farmer in mufulira, copper belt province of Zambia would like to introduce a new product .it has estimated that the cost of purchasing, delivery and installation the new machine required to manufacture the product is k160, 000.the expected life span of the product is six years. The first revenues 200,000 second 240,000 and 220,000, Revenues estimates are k205,000 in each of the remaining three years. The incremental variable of producing the product are estimated to be 54% of the revenues. The marginal tax rate of the farm is 40% of the revenues. The machine purchased will have a salvage value of k35,000 and the farm is expecting to recoup k10,000 of its working capital at the end of six years. The farm has fixed cost of k30,000.a. Calculate the IRR at a discount rate of your choice.
