The Petoskey Potato Chip Company produces 3 varieties of gourmet potato chip. The varieties and average daily demand are given below: Bar-B-Que: 325 cases/day Sour Cream & Onion: 215 cases/day Classic Cut: 360 ases/day The company runs 24 hours/day and can produce 1,300 cases of potato chips per day. Each case of potato chip costs $20 to produce and Petoskey assumes 18% of this cost as the annual holding cost. It takes Petoskey 5 hours to setup for production of a different variety at a cost of $715. Calculate the minimum cost cycle time in days. Answer: 25.2 How is this calculated?
Q: C B C C D E C C B A D A C C C B C A C D C A C C B A C A C B C C A C A A C C D A C C C E C C A B A C…
A: Quality control and management are important for every organization whether it is delivering any…
Q: Frandec Company manufactures, assembles, and rebuilds material handling equipment used in warehouses…
A: Linear Programming is a mathematical technique to determine the optimal allocation of limited…
Q: Sustainability and ethics are important considerations in supply chain decision-making. Analyze the…
A: Cold chain disruptions can have significant ethical implications, particularly regarding food waste…
Q: The board of directors of General Wheels Company is considering seven large capital Investments.…
A: Find the given details below:
Q: Hau Lee Furniture, Inc., spends 45% of its sales dollars in the supply chain and finds its current…
A: 1. What percentage improvement is needed in the supply chain strategy for profit to improve to…
Q: For the data below, answer the following four questions: Period Demand 1 58 59 60 61 What would be…
A: Forecasting is done to predict the actuals in the upcoming periods .There are several quantitative…
Q: Forecasts and actual sales of digital music players at Just Say Music are as follows: Month…
A: The forecast and actual sales for 8 months is given below:
Q: What is the significance of the good supply chain operation for a manufacturing company. Explain in…
A: A supply chain is an arrangement of interdependent systems, resources, capacities, and technologies…
Q: The Bawl Corporation supplies alloy ball bearings to auto manufacturers in Detroit. Because of its…
A: For calculating the weeks of supply and inventory turns, use the following formulas:a. Weeks of…
Q: Find Initial Basic Feasible Solution: 1 A∞ B Warehouse C D Supply 8 14 7 1 100 Plant 2 4 6 4 16 200…
A: The cost of shipping from the three plants to the four warehouses is provided below in the table…
Q: ased on the Mt. Kumar Road project in Grenada, critically assess in paragraph format whether or not…
A: Infrastructure projects are vital for economic development and public well-being. Grenada's Mt.…
Q: Location Score Factor (100 points each) Weight Convenience A 0.15 80 Parking facilities 0.20 72…
A: Using the weight and location score provided in the table, we have to find out the composite score…
Q: d iscuss the role of supervisors or managers in conducting traditional performance reviews.
A: Performance evaluations are essential to an employee's professional development in an organisation…
Q: Are Key Suppliers Part of the Sourcing Team Process?
A: Operation management is an aspect of management that deals with the management of the production,…
Q: During the campus Spring Fling, the bumper car amusement attraction has a problem of cars becoming…
A: Let me state the given data, The hiring rate for repair personnel per hour is 20One repairer can fix…
Q: The president of a small manufacturing firm is concerned about the continual growth in manufacturing…
A: Find the given details below:Note that, for the first question the mentioned graphs are not…
Q: Use the relative-aggregate-scores approach to compare the two motherboard assembly technology…
A: The relative-aggregate-score method is a decision-making approach used to compare alternatives based…
Q: Given the network shown above, what is the slack time for activity D? Given the network…
A: Part 1: AnswerThe slack time for activity D can be calculated as the maximum amount of time that…
Q: If you have your own candle and homemade soap business, which competitors can your business…
A: You may establish a solid position for your candle and handmade soap company by identifying the…
Q: The frenzy of GameStop, AMC and Reddit has made news across the world. What do you think will be…
A: Financial management is the aspect of management that is concerned with or manages all the…
Q: Solve the following graphically: Max z = 3x1 + 4x2 s.t. x1 + 2x2 ≤16 2x13x2≤18 x1 ≥2 x2 ≤ 10 x1, x2…
A: Find the given details below:Objective Function:Constraints:Subject to
Q: Bobby, another enterprising barber, is thinking about advertising in the local newspaper since he is…
A: The number of units or clients that arrive within a specific time frame is known as the arrival…
Q: What are some of the Organizational Behaviors & Effectiveness nuances?
A: Organizational behavior is a field of study that investigates the impact that individuals, groups,…
Q: - Provide an example where these beliefs have held you back from pursuing opportunities or taking…
A: One example where beliefs have held me back from pursuing opportunities or taking calculated risks…
Q: You hear that your competitors are using a control device called "blinc receiving." What is blind…
A: The process of blind receiving involves keeping the specifics of incoming shipments a secret from…
Q: a 45 year old patient was under doctor care for the past twenty years for chronic arthritis, trying…
A: The objective of the question is to discuss the issues of manufacturer's liability and negligence in…
Q: Month Actual Forecast Jan 100 100 Feb 110 Mar 200 Apr 140 For the above data,…
A: The objective of the question is to calculate the exponential smoothed forecast for March using the…
Q: Explain the impact of of mass customization on process selection strategies.
A: Companies refer to selecting the optimum production or service delivery procedures as "choosing a…
Q: A producer of pottery is considering the addition of a new plant to absorb the backlog of demand…
A: Fixed Cost = $11,152 per monthVariable Cost = $1.23 per unitSelling price = $2.07 per unit
Q: isk management is a critical aspect of organizational management aimed at identifying, assessing,…
A: Balancing risk-taking and risk avoidance is crucial for organizations to achieve their strategic…
Q: Super Fun Industries manufactures four top-selling toys code named A-148, B-356, B-457, and C-843.…
A: The objective of the question is to calculate the number of units of toy A-148 that can be produced…
Q: What did the Milgram experiment on conformity to authority reveal to researchers? Group of answer…
A: The Milgram experiment was a series of social psychology experiments conducted by Yale University…
Q: A newsvendor pays $.30 for each paper and sells each paper for $.50. From past data, it shows the…
A: The objective of the question is to determine the optimal number of newspapers the newsvendor should…
Q: Projected Budget: Remaining Budget 81.4% Phase 1 6.2% Phase 2 12.4%
A: Project budget is a financial estimate to complete a specific project.It is calculated as: It is a…
Q: Which statement is accurate regarding the strategic contingency model? Group of answer choices If…
A: The strategic contingency model is a perspective of organizational behavior that suggests that…
Q: Assume an initial starting Ft of 200 units, a trend (Tt ) of 8 units, an alpha of 0.30, and a delta…
A: C 208Explanation:
Q: Customers enter the camera department of a store at an average rate of six per hour. The department…
A: The given problem corresponds to the M/M/1 queuing model which is a single-server queuing system…
Q: In operations management, what does JIT stand for? A) Just in Time B) Just in Transition C)…
A: Operation management ncludes supervising and designing, as well as engineering processes and…
Q: Answer questions 5 & 6 based on the following information. A weekly sports magazine publishes a…
A: The objective of the question is to determine the optimal number of copies to be printed (Q*) for…
Q: can you please answers all the blank and please provide me excel formular.
A: To roll up the individual product forecasts and compare them with the family data, we will first…
Q: Question 4. • Formulate this problem as a LP in which the objective is to minimize the total cost? •…
A: Find the given details below:
Q: Using the table, either buying a network of PCs for a department at your workplace or outfitting a…
A: Multicriteria analysis is a decision-making methodology that involves assessing and comparing…
Q: A warehouse storage building company must determine how many storage sheds of each size-large or…
A: Linear programming is a mathematical method used to find the best possible outcome or solution from…
Q: Your company has developed a new energy drink and you are trying to decide whether to sell the…
A: Find the given details below:
Q: One role a group member can play is evaluating by offering judgments about a topic, a(n)…
A: 1.one role a group member can play is evaluating by offering judgments about a topic,a(n)…
Q: Tabulate the differences and similarities between the compliance & choice safetym measuring device.
A: Production management is the aspect that deals with all the activities and functions of the…
Q: (a) Draw the network representation for this problem. (b) Build a model to minimize the…
A: The network diagram of the transshipment problem is shown below.The network diagram represents the…
Q: What are the components of an effective recruiting strategy that will drive qualified candidates to…
A: An effective recruiting strategy consists of several key components that work together to attract…
Q: HELP THIS PLEASE AND THANKS U PLEASE THANKS
A: The objective of the question is to calculate the cumulative probability for each demand level of…
Q: You are to share with the audience examples of domestic and international movement of goods. Provide…
A: Example:Product: Temperature-controlled pharmaceutical product Quantity: 300 casesOuter Box…
The Petoskey Potato Chip Company produces 3 varieties of gourmet potato chip. The varieties and average daily demand are given below: Bar-B-Que: 325 cases/day Sour Cream & Onion: 215 cases/day Classic Cut: 360 ases/day The company runs 24 hours/day and can produce 1,300 cases of potato chips per day. Each case of potato chip costs $20 to produce and Petoskey assumes 18% of this cost as the annual holding cost. It takes Petoskey 5 hours to setup for production of a different variety at a cost of $715. Calculate the minimum cost cycle time in days. Answer: 25.2 How is this calculated?
Step by step
Solved in 3 steps with 4 images
- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.We run a fresh produce stand at farmer’s market where we sell avocados and artichokes. Each morning, a supplier drops off bags of these products. We can buy up to 200 bags of avocados and up to 175 bags of artichokes each morning. We resell the bags to customers throughout the day. The contribution margin of avocados is $15/bag; the contribution margin of artichokes is $20/bag. We sell at least twice as many bags of avocados as we do artichokes. We have found that our normal daily demand is between 140 and 350 total bags what are the constaints
- Sturgill Manufacturing Inc. needs to predict the numbers of machines and employees required to produce its planned production for the coming year. The plant runs three shifts continuously during the workweek, for a total of 120 hours of capacity per week. The shop efficiency (the percent of total time available for production), which accounts for setups, changeovers, and maintenance, averages 70% with a standard deviation of 5%, which reduces the weekly capacity. Six key parts are produced, and the plant has three different types of machines to produce each part. The machines are not interchangeable as they each have a specific function. The time to produce each part on each machine varies. The mean time and standard deviation (in hours) to produce each part on each machine are shown below: Mean Time Part Type Machine A Machine B Machine C 1 3.5 2.6 8.9 2 3.4 2.5 8 3 1.8 3.5 12.6 4 2.4 5.8 12.5 5 4.2 4.3 28 6…An international footwear company is dedicated to produce multiple models of shoes depending on the season, but only one of these models is produced all year round, which is Chuck Taylor All-Star high top in black, a shoe whose demand has not changed in recent years. Daily in its factory in China, 20,704 pairs are produced, therefore, 496,896 pairs are produced per month, of which only 495,765 pairs are conforming products. In the month of August 2021 they worked 24 days, with shifts of 8 hours a day, with 45 minutes break for lunch, in the mornings they must warm up machines for 15 minutes before starting production; they work in this way from Monday to Saturday, when they reach 495,000 pairs they make a production review that is carried to the moment; this waiting time takes them about 1 hour and a half. Determine the total number of parts produced per hour during the month of October 2021.Fedori Corporation has a Parts Division that does work for other Divisions in the company as well as for outside customers. The company's Machinery Division has asked the Parts Division to provide it with 4,000 special parts each year. The special parts would require P23.00 per unit in variable production costs. The Machinery Division has a bid from an outside supplier for the special parts at P37.00 per unit. In order to have time and space to produce the special part, the Parts Division would have to cut back production of another part-the YR24 that it presently is producing. The YR24 sells for P40.00 per unit, and requires P28.00 per unit in variable production costs. Packaging and shipping costs of the YR24 are P3.00 per unit. Packaging and shipping costs for the new special part would be only P1.50 per unit. The Parts Division is now producing and selling 15,000 units of the YR24 each year. Production and sales of the YR24 would drop by 20% if the new special part is produced for…
- Taylor Smith owns a small clothing company, Cuteness for You, that offers an online subscription and personal shopping service targeted at busy families with children aged newborn to five years old. Currently, Taylor has one level of subscription service, the standard service. For $100 a month, the standard service provides its customers a monthly delivery of 10 clothing items carefully chosen to match the child's size, gender, and emerging style. The online clothing subscription market is fairly new but is growing rapidly and thus Taylor is considering extending the product line to increase its market share and profits. Taylor is debating whether to add a premium subscription service featuring profitable high-markup items for $125 per month, a basic subscription service that contains lower-markup popular items priced at $75 per month, or possibly both. Taylor knows that the new product lines provide an opportunity to attract more customers and possibly increase revenues and profit,…Taylor Smith owns a small clothing company, Cuteness for You, that offers an online subscription and personal shopping service targeted at busy families with children aged newborn to five years old. Currently, Taylor has one level of subscription service, the standard service. For $100 a month, the standard service provides its customers a monthly delivery of 10 clothing items carefully chosen to match the child's size, gender, and emerging style. The online clothing subscription market is fairly new but is growing rapidly and thus Taylor is considering extending the product line to increase its market share and profits. Taylor is debating whether to add a premium subscription service featuring profitable high-markup items for $125 per month, a basic subscription service that contains lower-markup popular items priced at $75 per month, or possibly both. Taylor knows that the new product lines provide an opportunity to attract more customers and possibly increase revenues and profit,…Taylor Smith owns a small clothing company, Cuteness for You, that offers an online subscription and personal shopping service targeted at busy families with children aged newborn to five years old. Currently, Taylor has one level of subscription service, the standard service. For $100 a month, the standard service provides its customers a monthly delivery of 10 clothing items carefully chosen to match the child's size, gender, and emerging style. The online clothing subscription market is fairly new but is growing rapidly and thus Taylor is considering extending the product line to increase its market share and profits. Taylor is debating whether to add a premium subscription service featuring profitable high-markup items for $125 per month, a basic subscription service that contains lower-markup popular items priced at $75 per month, or possibly both. Taylor knows that the new product lines provide an opportunity to attract more customers and possibly increase revenues and profit,…
- Taylor Smith owns a small clothing company, Cuteness for You, that offers an online subscription and personal shopping service targeted at busy families with children aged newborn to five years old. Currently, Taylor has one level of subscription service, the standard service. For $100 a month, the standard service provides its customers a monthly delivery of 10 clothing items carefully chosen to match the child's size, gender, and emerging style. The online clothing subscription market is fairly new but is growing rapidly and thus Taylor is considering extending the product line to increase its market share and profits. Taylor is debating whether to add a premium subscription service featuring profitable high-markup items for $125 per month, a basic subscription service that contains lower-markup popular items priced at $75 per month, or possibly both. Taylor knows that the new product lines provide an opportunity to attract more customers and possibly increase revenues and profit,…A manufacturer has a production facility that requires 10,237 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY21 from a supplier with a lead time of 6 days. The unit purchase cost is $31.4 per unit. The cost to place and process an order from the supplier is $168 per order. The unit inventory carrying cost per year is 12.2 percent of the unit purchase cost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate. If the manufacturer uses a constant order quantity of 1,053 units per order, what is the annual holding cost? Use at least 4 decimal places.Boston Company use a special part in manufacturing of its finished products. The unit cost thisspecial part is $ 35, and details of its manufacturing cost is as follows. The $35 unit productcost of this part is based on average 25,000 number of parts produced each year.An outside supplier has offered to supply the 25,000 parts at a cost of $30 per part. The specialequipment used to manufacture the above part. This equipment can only be used formanufacturing of this part and if not used it has no resale value.The total amount of general factory overhead, which is allocated based on direct labor-hours,would be unaffected by this decision because it is fixed cost..Suggest the management whether to stop producing internally and buy them from theoutside supplier?Description CAD Direct Materials 10Direct Labor 6Variable overheads…