The Onenote Co., which makes a single product, has three plants and four customers. The respective plants will be able to produce 60, 80 and 40 units, during the following period. The company has promised to sell 40 units to customer 1, 60 units to customer 2, and at least 20 units to customer 3. Both customer 3 and 4 want to buy as many of the remaining units as possible. The net profit associated with shipping one unit from plant i to customer j is given in the table: Client Plant 1 1 2 3 $ $ 800 $ $ 500 $ 600 $ 2 700 $ 200 $ 400 $ 3 500 $ 100 $ 300 $ 4 Management wants to know how many units to sell to customers 3 and 4 and how many units to ship from each plant to each customer to maximize profit. Solve this exercise using Excel Solver step by step. 200 300 500
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?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.7. SBS Juices sell orange juice. Every morning (7am) the manager has to decide on the amount (liter) of juice to make for customers arriving between 8am and 9am. Demand for the juice follows a normal distribution with a mean of 20 liters per day and a standard deviation of 5 liters per day. Price per liter is $48.067, material cost per liter is $40, and salvage value per liter is $10. What is the optimal level of juice to make each morning to maximize expected profit?
- As a logistics specialist, you are responsible for meeting customer demand. One of your customers places orders for you to supply four products by the end of October. You have limited capacity for raw material and other facilities. You are required to satisfy customer demand by manufacturing the products and/or buying from a supplier. After consulting with the production department, you obtained the following information. Product A Product B Product C Product D Order quantity 2000 3500 1500 2500 Hours required on machine X per unit 2 4 5 3 Hours required on machine Y per unit 4 3 6 2 Raw material in kilos 5 1 4 6 Time needed for Packaging per unit 36 minutes 30 minutes 45 minutes 24 minutes Available monthly hours per month: 8,000 on machine X, 6000 on machine Y, and 3,000 hours for packaging. Purchased items from your supplier are already packaged. Available raw material per month: 5,000 kilos…CASE: The manager of a community pharmacy is reordering his stock of generic atenolol when he notes in the catalogue that a new manufacturer is also now producing and packaging atenolol at what appear to be competitive prices. At present he orders, on average, three 250-count bottles per month at Php 120 per bottle from Company A. However, Company B is offering one bottle of 1,000-count atenolol for Php 175. Detail the type of analysis the pharmacist might conduct to determine which option would be least costly. Assuming the pharmacy dispenses 10,000 atenolol pills over the course of one year, from which company should the pharmacist order if financial considerations are the only consideration? What chronic ailment is atenolol used for? What is the aim of this case?Demand for stereo headphones and music players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for this year was as follows: MONTH DEMAND (UNITS) January 4,150 February 4,250 March 3,950 April 4,350 May 4,950 June 4,650 July 5,250 August 4,850 September 5,350 October 5,650 November 6,250 December 5,950 a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.8. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units should be held to meet this…
- A manufacturing company produces single item product. Theproduction manager decide to arrange 6 periods for MPS. Data aboutdemand forecasts are 112, 157, 126, 176, 124 and 181 while data aboutcustomer orders are 128, 156, 196, 147, 152 and 175. On hand inventoryis 300 units and production batch is 300 units. The productionmanager also decide that 3 beginning periods are critical, so that nochanges are allowed. Arrange MPS for that situation ! When system’s bottleneck requires 10 minutes to finish a unit product,make analysis about capacity. What is your suggestion? please explain it using excel or attached the excel sheetMr. Omar is a sales manager in Al Noor Company. He decided to drop the production of product A because he found that it is unprofitable. This is an advantage of:Division A has costs of $30 per unit, and transfers goods to Division B which has additional costs of $20 per unit. Division B sells externally at $70 per unit. Division A can sell part-finished units externally for $40 per unit. There is unlimited demand externally from A, and A has limited production capacity. What are the minimum and maximum transfer prices in order to achieve goal congruent decisions?
- Spark Ltd has two divisions, assembly and electrical. The assembly division transfers partially completed components to the electrical division at a predetermined transfer price. The assembly division's standard variable production cost per unit is $550. This division has spare capacity, and it could sell all its components to outside buyers at $680 per unit in a perfectly competitive market. Required: a) Determine a transfer price using the general rule b) How would the transfer price change if the assembly division had no spare capacity? c) What transfer price would you recommend if there was no outside market for the transferred component and the assembly division had spare capacity? d) Explain how negotiation between the supplying and buying units may be used to set transfer prices. How does this relate to the general transfer pricing rule?Which of the following would be most appropriate basis for apportioning machinery insurance costs to cost centers within a factory? Select one: a. The flor area occupied by the machinery in each cost Centre b. Number of machine in each cost Centre c. The operating hours of each machinery in each cost center d. The value of machinery in each cost center9. The VP of manufacturing for the N. L. Hyer Company is ready to decide on her sales and oper- ations plan for next year. The firm's single product (known throughout the adult puzzle trade as "Hyer's Hexagon") is "red hot," according to the VP of marketing, so she insists that backorders are not acceptable next year. Since the United Puzzlemakers Union is trying to organize the plant, the manufacturing VP decided the number of employees must remain constant (i.e., level) throughout all four quarters. Pertinent information is as follows: Quarter 1 I™ 2 3 Production Days 60 58 61 70 Demand Forecast 12,000 13,000 13,590 9,000 4 Beginning inventory = 1,000 units Regular time output rate = 10 units/day employee a. What daily production rate and number of employees will be required? b. How many units will be in inventory at the end of quarter 4?