Sakowicz - OM 8W Homework 3

Problem 1. During your first month as an employee at Greenfield Industries (a large drill- bit manufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on a turning machine. Your boss' memorandum to you has practically no information about what the alternatives are and what criteria should be used. The same task was posed to a previous employee who could not finish the analysis, but she has given you the following information: An old turning machine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit. The in-house technicians have given an estimate of $40,000 to modify this machine, and they assure you that they will have the machine ready before the projected start date (although they have never done any modifications of this type). It is hoped that the old turning machine will be able to meet production requirements at full capacity. An outside company, McDonald Inc., made the machine seven years ago and can…

Because of the coronavirus, Cafes and restaurants are going to be open between 8 a.m. and 20 p.m. , and with 50% capacity. Imagine that the Ministry of Health thinks Coronavirus can last for years and wants to develop a system that can be used to fulfill the above rule. Write a  report about that... 1- Write a “problem definition”, “objectives” and “issues to be solved” for this rule, as a system analyst you are. 2- What system development methodology do you use and why?

10.6 This optional problem requires knowledge of statistics. Heywood Home Healthcare is evaluating a project with the following net cash flows and probabilities:   Time 0 Year 1 Year 2 Year 2 Year 3 Year 4 Prob = 0.2 ($100,000) 20,000 20,000 20,000 20,000 30,000 Prob = 0.6 ($100,000) 30,000 30,000 30,000 30,000 40,000 Prob = 0.2 ($100,000) 40,000 40,000 40,000 40,000 50,000   The year 5 values include salvage value. Heywood’s corporate cost of capital is 10 percent. What is the project’s expected NPV on the basis of the scenario analysis? What is the project’s standard deviation of NPV? Assume that Heywood’s managers judge the project to have lower-than-average risk. Furthermore, the company’s policy is to adjust the corporate cost of capital up or down by 3 percentage points to account for differential risk. Is the project financially attractive?

What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days? NORMAL TIME (DAYS) CRASH TIME (DAYS) 5 4 ACTIVITY Design (A) Wiring (8) Chip install (C) 7 5 3 4 7 2 2 4 NORMAL COST 300 900 500 CRASH COST 1,100 1,200 350 975 575 Software (D) Testing (E) The minimum cost of crashing the following project at Sawaya Robotics by 4 days is $1,875 (enter your response as a whole number). IMMEDIATE PREDECESSOR(S) 1,300 1,650 A, B с

1. Decision Rules. A company is choosing a motorized mechanism for a new toy, a dancing ballerina (TippiToes) that is currently under development. Demand is uncertain. but the company is confident that demand will be: Light (25,000 units), Moderate (100,000 units) or Heavy (150,000) units. The payoff table for each mechanism (in $) is given below. Action: Choice of Mechanism Event Gears and Levers Spring Weights and Pulleys Pneumatic Light 25,000 -10,000 -125,000 -300,000 Moderate 400,000 440,000 400,000 300,000 Heavy 650,000 740,000 750,000 700,000 Questions: (1) Apply Maximax, Maximin, Minimax Regret, and EMV rules (assuming that the probability of Light demand is 0.1, Moderate demand is 0.7, and Heavy demand is 0.2) to decide what mechanism should the company choose? (2) What is the expected value of perfect information? (3) Draw a decision tree to solve this problem.

Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,400 units) Variable expenses Contribution margin $ 112,200 50,490 61,710 Fixed expenses 45,700 Net operating income $ 16,010 If the company sells 3,900 units, its total contribution margin should be closest to: (Do not round intermediate calculations.) Multiple Choice $61,710 $70,785 $92,700 $18,364

An R&D project in a company is working on a project to make a sample product to be displayed at an international fair in Las Vegas held in 18 months. With additional equipments, the company can make sure they make the sample in 18 months. Develop an optimal crashing time-cost solution to help the company in this project to be ready on time for the fair. C, 4 B, 3 А,5 H,7 D, 3 F, 9 G, 2 Cost per month Activity Normal Time to crash 9,000 4,000 6,000 4,000 2,000 5,000 2,000 9,000 A В C 4 E F 9. G 2 H 7 Duration Path Activity to crash (months) АВСН ADEH FGH

Ann Archibald has ambition to be on the County Governing Board. Her staff has determined the breakdown of tasks needed to secure the election. The following network depicts the breakdown. ( see atttached picture ) Her staff also has estimated the normal and crash times and costs for tasks involved in the breakdown. The information is summarized below. The campaign starts on 4/1/2022.   Task Time Estimates (Weeks) Cost Estimates ($) Normal Crash Normal Crash A1 6 4 5,000 10,000 B2 3 3 4,000 4,000 C 10 8 4,000 7,000 D 4 2 1,000 2,000 E 2 1 1,000 2,000 F 3 1 4,000 7,600 G 5 4 7,000 12,000 H 7 5 8,000 14,000 I 2 2 1,200 1,200 J 4 3 5,000 5,800 K 8 6 13,000 15,000 L 5 5 6,000 6,000 M 4 4 2,500 2,500 1 Task A can be crashed by 2 weeks at an additional cost of $5000 ($2,500/week). 2 Task B cannot be crashed. Ann has…

Decision Table Exercises. An insurance company is going to send a mail to potential customers. The content of the mail is about the current level of discounting and potential level of discounting. The content is different for different  types of customers. All customers get a normal letter except Customer Type C, who get a special letter. A customer Type A with only one car gets both letters (normal and special). Any customer with 2 or more Cars or with crdit rating of "X" get a special paragraph added with an offer to subscribe to another level of discounting. Draw a Decision table for the insurance company's mail

Preliminary plans are underway for construction of a new stadium for a major league baseball team. City officials question the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations and selected individuals may purchase a box for $300,000. The fixed construction cost for the upper-deck area is estimated to be $4,500,000, with a variable cost of $150,000 for each box constructed. a. What is the breakeven point for the number of luxury boxes in the new stadium? b. Preliminary drawings for the stadium show that space is available for the construction of up to 50 luxury boxes. Promoters indicate that buyers are available and that all 50 could be sold if constructed. What is your recommendation concerning the construction of luxury boxes? What profit is anticipated?

The following cost information pertains to the new CD: CD package and disc (direct material and labor): $2.50/CD Songwriters' royalties: $0.70/CD Recording Artists' royalties: $2.00/CD Advertising & promotion: $380,000 Sony Records Inc.'s Overhead: $300,000 Selling price of CD: $10.00 Question 2: If they sold 100,000 CDs and decided they wanted to invest in a $75,000 advertising campaign in the hopes of generating more sales, how many more CDs would they have to sell to maintain their current contribution to the organization? 92,500 15,625 75,000 None of these

PROBLEM STATEMENT Based on studies that have been conducted, entry bookings for flight tickets sometimes deviate from what is booked by customers who want to board the plane to their desired destination. the existing system is not able to identify bookings made by customers properly. therefore, the existing system needs to be upgraded. Using a new flight ticket management system will be able to solve the problem. Secondly, the charge calculations performed still use the old method of calculation and take time to complete one calculation after another. With the new management system, the calculation and displayed total charges can be done automatically. Sometimes it is quite difficult for us to calculate the discounts given to customers who book flight tickets with large bookings. this will result in incorrectly giving the actual price to the customer and may result in losses. Moreover, with the new system, the amount of profit earned can be easily calculated. Lastly, daily…

Instruction: Conduct a SWOT Analysis for the College of Business Administration and Accountancy. Minimum of three (3), Maximum of 7. Do not write anything in the colored area of the matrix. Table 1. SWOT Matrix for CBAA 1. 2. 3. 4. 5. 6. 7. 2. 3. 4. 5. 6. 7. SWOT MATRIX CBAA OPPORTUNITIES THREATS 1. 2. 3. 7. STRENGTHS 1. 2. 3. 4. 5. 6. 7. WEAKNESSES Page 1 of 2

What term is used to describe the checkpoints (Go/No-go decision points) that occur during a project that also represent critical success factors (CSFs) for the project?   Question 14 options:   Work Breakdown Structures   Variance Reports   Feasibility Studies   Project Milestones

Complaints have come to the department manager regarding timeliness of requests for patient information and a decision must be made. Three months ago, Community Hospital opened a 24-hour urgent-care center 10 miles away in a rapidly growing community. Kent Jones, the health information services manager, took part in the planning that included the use of a combined record and one patient identification number. The decision was made to allow electronic sharing of patient records between the facilities; however, at present it is necessary to fax some portions of the record upon request. In the past month, Kent has received four complaints from the urgent care center that records were not faxed in a timely manner. There are 26 employees in health information services. Three full-time employees care for record activity during the day, with one employee devoted to record activity during the evening shift, when a team leader and four other employees are usually in the department. During the…

Complaints have come to the department manager regarding timeliness of requests for patient information and a decision must be made. Three months ago, Community Hospital opened a 24-hour urgent-care center 10 miles away in a rapidly growing community. Kent Jones, the health information services manager, took part in the planning that included the use of a combined record and one patient identification number. The decision was made to allow electronic sharing of patient records between the facilities; however, at present it is necessary to fax some portions of the record upon request. In the past month, Kent has received four complaints from the urgent care center that records were not faxed in a timely manner. There are 26 employees in health information services. Three full-time employees care for record activity during the day, with one employee devoted to record activity during the evening shift, when a team leader and four other employees are usually in the department. During the…

V   what is feasibility Report ?Define when and why we need it And also define who prepare this document.

41. A manager is going to purchase new processing equipment and must decide on the number of spare parts to order with the new equipment. The spares cost $200 each, and any unused spares will have an expected salvage value of $50 each. The probability of usage can be described by this distribution: Number 0 1 2 3 Probability .10 .50 .25 .15 If a part fails and a spare is not available, two days will be needed to obtain a replacement and install it. The cost for idle equipment is $500 per day. What quantity of spares should be ordered? Page 553 a. Use the ratio method. b. Use the tabular method (see Table 12.3).

2. A toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The different mechanisms have three different setup costs (overheads) and variable costs and, therefore, the profit from the dolls is dependent on the volume of sales. The anticipated payoffs are as follows. Light Demand 0.25 $325,000 $300,000 -$400,000 Heavy Demand 0.3 Probability Wind-up action Pneumatic action Electrical action Moderate Demand 0.45 $190,000 $420,000 S170,000 $400,000 $800,000 $240,000 a. What is the EMV of each decision alternative? b. Which action should be selected? c. What is the expected value with perfect information? d. What is the expected value of perfect information? e. What is the expected opportunity loss?

Requirements: 1. What can you recommend in the scenario? 2. Give an action plan  according to what you have recommended in number 1  Answer in bullet form

1 Cara's clients, Emily and Dave, have just had a baby and she would like to do something nice for them. She signs them up for a baby registry that sends them a small gift. Emily and Dave will be sent information and service lists that are geared toward helping new parents. She provided their names, address and phone numbers so that they will not miss any of the activities provided in the package. Has Cara dealt with her clients appropriately? NUYLOTNQhObm1bEVKUTO90 a0 Cara did not protect her clients' privacy when she shared their personal information with the baby registry. O Cara should not make this a regular practice. Her clients will begin to expect gifts and she will not be able to sustain this. CO Cara should have set up an appointment to re-evaluate her clients' needs now that they have had a baby. 40 Cara's gift is very thoughtful and will help to build a relationship with her clients. NUTYks10TNRUQ2h0bmkbEVKUTO90

We have been operating our mobile food truck business now for 30 days at the Harvard University campus.Our daily sales and number of customers are increasing at a constant rate. Our problem is that we do not know if our customers are happy with the quality and variety of the food, the level of pricing, or the courtesy of our staff. Task: You will design a four-to-five open questions survey that we could pose to our prospects to solve our problem.  note: make 4 to 5 open questions to gather enough informations

S Russell, Operations Management, 9e Help | System Announcements CALCULATOR PRINTER VERSION 4 BACK NEXT Problem 6.6 Patricia Zell, a dollmaker from Olney, Maryland, is interested in the mass marketing and production of a ceramic doll of her own design called Tiny Trisha. Zell has two manufacturing options. Option 1 requires an initial investment of $500 for plant and equipment, with labor and material costs of $200.00 per doll. Option 2 requires $2,000 for P&E, but only $175.00 for labor and materials. The doll will sell for $245.00. What is the breakeven point for Option 1? (Round answer to the nearest whole number, the tolerance is +/- 1). The breakeven point for Option 1 is dolls. LINK TO TEXT Compare Options 1 and 2. At what volume of demand should Option 1 be chosen? (Round answer to the nearest whole number, the tolerance is +/- 1). If demand we should choose Option 1. LINK TO TEXT Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER 100% PrtSc Insert Delete F10 F11 F12 F7…

time 1 2 3 4 5 6 7 8 9 10 Returns on Project A 70.00% -24.00% 46.00% 46.00% 0.00% 9.00% -83.00% 68.00% -39.00% 112.00% Returns on Project B 63.00% -21.60% 41.40% 41.40% 0.00% 8.10% -74.70% 61.20% -35.10% 100.80% The risk of a portfolio composed of 50% in project A and 50% in project B is greater than the risk of either project A or Project B. True False

Read the scenario and answer the ff. questions.

Use the following payoff table to complete parts (a) through (j). The probability of event 1 is 0.30, the probability of event 2 is 0.50, and the probability of event 3 is 0.20. d. Compute the expected opportunity loss (EOL) for each action. EOL(A) = $ EOL(B) = $ EOL(C) = $ (Simplify your answers.) EVENT Demand 100, 1 Demand 200, 2 Demand 500, 3 ACTION Buy 100, A ($) Buy 200, B ($) Buy 500, C ($) - 300 500 300 500 500 e. Explain the meaning of the expected value of perfect information (EVPI) in this problem. Choose the correct answer below. A. The EVPI value provides a guideline for an upper bound on how much to consider paying for better information. O B. The EVPI is the expected payoff that the company will receive with perfect information. O C. The EVPI is the value that the company should expect to pay for perfect information. 1,000 1,000 400 2,500

1.You’re managing a project to install 400 windows in a new skyscraper and need to figure outyour budget. Each week of the project costs the same: your team members are paid a total of $4,000every week, and you need $2,000 worth of parts each week to do the work. If the project isscheduled to last 16 weeks, calculate theBAC, PV, EV, AC, SPI, SV, CPI, SPI, CV for the project? 2.You’re managing a highway construction project. Your total budget is $650,000, and there isa total of 7,500 hours of work scheduled on the project. You check with your accountingdepartment, and they tell you that you’ve spent a total of $400,000. According to the schedule,your crew should have worked 4,500 hours, but your foreman says that the crew was allowed towork some overtime, and they’ve put in 5,100 hours of work. Calculate theBAC, PV, EV, AC, SPI, SV, CPI, SPI, CV for the project?

Unlike management reserves, contingency reserves are not likely to be spent and are not part of the project's budget baseline, but they can be included in the total project budget.   Question 29 options:   True   False

Which of the following information is required from the client for 'preliminary estimating'? Select the BEST combination. Select one: а. Site location, risk register, project requirements, budget constraints. b. Site location, key dates, sustainability strategy, budget constraints. Site location, building use, risk register, budget constraints. ос. O d. Site location, building use, key dates, budget constraints.