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- Find arc elasticity of demand, if quantity demanded falls from 1000 to 950 when price of the item is increased from Rs. 240 to Rs. 280? A) 0.33 B) 0.3 C) -0.3 D) -0.33Use a mixed strategy - level of procuction (Jan-June) and chase demand (July- September with a support of overtime and sub-contracting not more than two workers and no limid for back orders. Jan 1000 Feb 2750 March 1250 April 1500 May 2250 June 1750 July 2750 August 2250 Sept 2500 Current work force 10 workers Production per worker Inventory holding cost Regular wage rate Overtime wage rate Sub-contracting wage rate Back-ordering wage rate Hiring cost Firing cost Beginning inventory 250 units per month S0.50 per unit per month $50.00 per unit S60.00 per unit $70.00 per unit $90.00 per unit $500 per worker S800 worker per 250 units Mth Regular Production Ending Back Order Demand OT S/k Workers Inventory J F M A. M J J Total Kos (Cost:Select one: a. price ceiling; below b. price floor; above c. price ceiling; at or below d. price ceiling; above
- be an upsurge in Lerentyl demand but, if it does come, it probably wont be this year and it will be far bigger than the AFU can cope promotion of our other products and capital investment in other are already committed to considerably increased expenditure on At et We see then that 's sevative side don't we con t afford in an at on and product get was e used for proving nough can won't be this year and it will be far bigger than the AFU with anyway, so we might as well have three Chemling p Cope that tìme.' Questions 1. How do the two alternative process technologies (Chemline nities and AFU) differ in terms of their scale and automation2 mine, but What are the implications of this for Prochem? 2. Remind yourself of the distinction between feasibility. acceptability and vulnerability discussed earlier (see Chapter 5). Evaluate both technologies using these criteria. 3. What would you recommend the company should do? ngs, gy is e toComplete the following table of basic calculations. For Percent Contribution Margin, use (P-MC)/P. Round to table standard. Price Quantity Demanded Total Revenue Marginal Revenue Variable Cost Total Cost Average Variable Cost Marginal Cost Profit Percent Contribution Margin 18 600 10800 5210 5710 8.68 5090 17 a 11900 11 b 6140 8.06 4.30 5760 0.75 16 800 12800 9 6135 c 7.67 4.95 6165 d 15 900 13500 e 6700 7200 7.44 5.65 6300 0.62 14 1000 14000 5 7335 7835 f 6.35 6165 g 13 1100 14300 3 8060 8560 7.33 h i 0.44 j 1200 14400 1 8900 9400 7.42 8.40 5000 0.30 a.____________ b.____________ c.____________ d.____________ e.____________ f._____________ g._____________ h._____________ i.______________ j.______________Quantity Ordered From To Price Per Roll 1 and up Order Quantity 1 86 2 452 3 492 4 191 5 356 6 148 7 342 8 382 9 276 10 118 11 464 12 188 13 25 14 427 15 30 16 111 17 161 18 314 19 442 20 429 21 451 22 32 23 181 24 163 25 336 26 240 27 68 28 317 29 435 30 211 31 76 32 374 33 415 34 408 35 196 36 302 37 312 38 31 39 317 40 394 41 348 42 49 43 500 44 490 45 94 46 285 47 237 48 101 49 53 50 257 51 273 52 415 53 346 54 133 55 287 56 431 57 113 58 197 59 6 60 328 61 114 62 207 63 273 64 257 65 113 66 400 67 324 68 500 69 60 70 117 71 466 72 370 73 293 74 164 75 63 76 252 77 394 78 109 79 233 80 340 81 430 82 210 83 363…
- Q4) ABC costing helps the organization decreases costs associated with good decisions and keep pace with technological changes. Select one: True FalseA jewelry shop procures a ring at $20 each and sells it at $80 each. Weekly demands for the ring over the past 20 weeks are as follows. Demand 51 52 53 54 55 56 57 58 59 60 Frequency o 1 3 2 2 3 4 2 2 1 What are the under-stocking and over-stocking costs for the shop? What is the newsvendor critical ratio? How many rings per week should the shop order? Suppose that the weekly demand is uniformly distributed between 40 and 80. How many rings per week should the shop order?Boreki Enterprises has the following 10 items ininventory. Theodore Boreki asks you, a recent OM graduate, todivide these items into ABC classifications.ITEM ANNUAL DEMAND COST/UNITA2 3,000 $ 50B8 4,000 12C7 1,500 45D1 6,000 10E9 1,000 20F3 500 500G2 300 1,500H2 600 20I5 1,750 10J8 2,500 5a) Develop an ABC classification system for the 10 items.b) How can Boreki use this information?c) Boreki reviews the classification and then places item A2 intothe A category. Why might he do so?
- k of PDF : https://docdro.id/psUSO2n https://docdro.id/KV8USNQ question : 1/ According to Weele, the items that we measure determines the role of the purchasing function. List these roles, and show the mapping. 2/ According to Simpson and et.al, why should we measure the performance of our suppliers? 3/ According to Simpson and et. al, what are the characteristics of our suppliers should we measure? List these down in terms of evaluative criteria and its details.3. Fortnex is a company that assembles small household appliances including coffee makers, toasters, and food mixers. The parent company of Fortnex has been concerned about the rising product cost of the finished products, which has led to reduced profit margins. One of the demands of the parent company has been to review the inventory management practices of Fortnex. Two areas which Fortnex is currently investigating are economic order quantity EOQ and ABC analysis. Perform the following. (i) At present the company purchases copper wire for a certain appliance under economic order quantities based on the information given in Table 3-1. The supplier of copper wire is proposing a discount of 5% of unit price if Fortnex purchases in lot sizes of 1000 kg. rather than the calculated EOQ. Determine if Fortnex should take advantage of the price discount. Justify your response. For a particular series of referenced products, the number of units used a year, and the unit cost are as shown in…Kooyman hardware sells 31 different types of drills. They had demand for 25 of the drills and satisfied 78 percent of the demand. What was their fill rate for drills? % ( Do not round intermediate calculations.