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- 2.11 A company wants to develop a level production plan for a family of products. The open- ing inventory is 100 units, and an increase to 130 units is expected by the end of the plan. The demand for each month is given in what follows. Calculate the total production, daily production, and production and ending inventory for each month. Month May Jun Jul Aug Total Working Days 21 19 20 10 Forecast Demand 115 125 140 150 Planned Production Planned Inventory 100In 2012–2015, the price of jet and diesel fuel used by air freight companies decreaseddramatically. As the CEO of FedEx, you have been presented with the following proposals to deal with the situation:a. Reduce shipping rates to reflect the expense reduction.b. Increase the number of deliveries offered per day in some markets.c. Make long-term contracts to buy jet fuel and diesel at a fixed price for the nexttwo years and set shipping rates to a level that will cover these costs.Evaluate these alternatives in the context of the decision-making model presented inthe text.What is the effect of the decline of Ford Australia’s productivity on its cost efficiency, production, and profit? discuss.
- The table below shows the annual percentage change in sales for five locations of J&J Burger. Pct. Change, 2019- Pct. Change, 2020- Location 2021 2020 6 -3 -12 -6 11 3 7 10 -2 2 Camarillo Oxnard Ventura Thousand Oaks Simi Valley If the total sales at the Oxnard location are $125,864 in 2021, what were the sales at that same location at the end of 2019? Round to the nearest whole dollar. Type your answer.... A major cattle feeding operation has entered into a firm commitment to buy 100,000bushels of corn to be delivered to its feed lot in Kansas. The corn is expected to be delivered in90 days. The company is committed to pay $1.50 per bushel. If corn yields are greater thanexpected, the price of corn could decline and the company would experience higher operatingcosts than necessary as a result of the commitment.In order to protect itself against falling corn prices, the company purchased an option to sellcorn in 90 days at a strike price of $1.51 per bushel delivered to a facility in Nebraska.1. Assume that at the time of acquiring the put option, the price of corn was more than $1.51.Explain why the option had a value of more than zero at inception.2. Assume that one of your colleagues made the following comment: ‘‘An option can neverhave a negative value; therefore, you can never lose money on an option.’’ Discuss whetheror not you agree with your colleague.3. Assuming that only the…A breeder tells you he has determined for each 1-lb increase in weaning weight profit increases by $1.40 per pound. However, he has also calculated that for each independent 1-lb increase in birth weight, profit decreases $5.45 per pound. 1. What would be the economic index for this aggregate breeding value? 2. If the producer gave you the following table with calf birth weight and weaning weight, what would be the index value and rank for these animals? Calf id Weaning weight Birth weight Index value Rank 608 78 589 70 566 80 532 75 5. 556 76 618 87 7. 576 74 8. 610 88 9. 595 90 10 625 73 3 4 6
- A manufacturing Company has estimated its quarterly demand (units) as shown in the following table. It expects the next demand cycle to be similar to this one and wishes to restore ending inventory, employment, etc., to beginning levels accordingly. Quarter Units 1st 2250 2nd 2800 3rd 1700 4th 1600 Each quarterly change of 300 units output has an incremental labour cost of OMR. 1,600, and ending levels must be restored to initial levels. What is the cost associated with changing the work force size? (Write the number only) Answer:Y5 If a firm uses n inputs (n > 2), what inequality does the theory of revealed cost mini- mization imply about changes in factor prices (∆wi) and the changes in factor demands (∆xi) for a given level of output?Loessing Compan produced and sold 12,000 units last year with sales price of $45 per unit and unit variable cost of $20. Fixed costs totaled $250,000. In the coming year, Loessing expects price to decrease by ten percent. Neither unit variable cost nor fixed costs can be changed. If Loessing wants to maintain the same level of income, what will the new level of production need to be?
- The Calhoun Textile Mill is in the process of deciding on a production schedule. It wishesto know how to weave the various fabrics it will produce during the coming quarter. Thesales department has confirmed orders for each of the 15 fabrics produced by Calhoun.These demands are given in the following table. Also given in this table is the variablecost for each fabric. The mill operates continuously during the quarter: 13 weeks, 7 daysa week, and 24 hours a day.There are two types of looms: dobbie and regular. Dobbie looms can be used to makeall fabrics and are the only looms that can weave certain fabrics, such as plaids. The rateof production for each fabric on each type of loom is also given in the table. Note that ifthe production rate is zero, the fabric cannot be woven on that type of loom. Also, if afabric can be woven on each type of loom, then the production rates are equal. Calhounhas 90 regular looms and 15 dobbie looms. For this problem, assume the time requirementto change…E2 The economic order quantity model’s objective is to determine the optimal quantity to order each time that will minimize the total inventory cost. What assumptions are made in this model?Loessing Compan produced and sold 12,000 units last year with sales price of $45 per unit and unit variable cost of $20. Fixed costs totaled $250,000. In the coming year, Loessing expects price to decrease by ten percent. Neither unit variable cost nor fixed costs can be changed. If Loessing wants to maintain the same level of income, what will the new level of production need to be? Activate Windows Go to Settings to activate Window