Unit Contribution Total Contribution $0.75 $63,000 Products $0.33 $1.25 $82,000 $95,000 $0.85 $115,000 Arrange the products in descending order of their individual dollar contribution to the firm: $0.75 $57,000 Arrange the products in descending order of their total dollar contribution to the firm: Based on the "product-by-value" analysis, which products are the 3 lowest in total dollar contribution and therefore possible candidates for replacement? should be investigated for replacement.
Q: A local bagel shop produces two products: bagels (B) and croissants (C). Each bagel requires 6…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: How are Cp and Cpk calculated and process capabilities explained?
A: Process capability is defined as the spread of any process. If the standard deviation of any process…
Q: What is the takt time? Will ITS be able to keep up with this demand? a. 10.0 minutes; Yes b. 11.3…
A: Given that for a process, there are multiple steps, each step would consume a specific time per…
Q: part b is to solve using excel solver
A: Decision Variables: Suppose-xA represents potential location A for the substationxB represents…
Q: Formulate a linear program using LP Model Formulation. Miguel hauls mangoes between Manila mango…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Mamello Morongwe, a certified food technologist was working on a biscuit recipe for her employer, a…
A: Case: As per the case, Mamello utilising her recipe, she started her own business…
Q: d) Hurwicz )alpha = 0.40) e) Maximax f) What coefficient of pessimism should an investor so that…
A: The Hurwicz rule enables a mix of optimism & pessimism by utilizing a selected ratio. The…
Q: Briefly explain the goal of the project then discuss the importance of the following in a Project…
A: A project is defined as any endeavour undertaken to create a unique product, service or result. A…
Q: What measures would you take if an organization didn't currently have the knowledge necessary to…
A: Organizations can evaluate whether they have the technical capabilities to conceive an idea into a…
Q: Solve the problem using LP Model whether excel or graphical solution
A: Given data is
Q: Define green supply chain management,its importance and how an organisation engages with it.
A: Green supply chain management integrates the sustainable environmental processes into traditional…
Q: What is the break-even point for option C?
A: Break-even point = fixed cost/(selling price-variable cost)
Q: b) Using the least-squares regression method, the equation for forecasting is (round your responses…
A: One of the methods for forecasting is the least square regression method, here, I would determine…
Q: The Astana airline always books more passengers on a flight than its capacity because of last…
A: Find the Given details below: Given details: Airline charge $ 835 Coupon charge…
Q: 8.2 Given the following data, calculate the three-month moving average forecasts for months 4, 5, 6,…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: How can the most responsible financial choices be made using linear programming?
A: Linear programming is a problem solving approach developed in helping the management for making…
Q: What exactly does it mean to "reap the advantages of a process" and why is it so important?
A: The threads connecting project outcomes to organizational strategy are benefits. Benefits are…
Q: Differentiate between the benefits and drawbacks of project scheduling. Please include any needed…
A: Project scheduling is a process of planning, organizing, and controlling the work necessary to…
Q: Part 8: If the firm adopts a make-to-order approach, the customer's order lead time equals to…
A: Lead time is the time taken by the manufacturer or the processor to complete an order from the time…
Q: It takes a lawyer 119 minutes to serve one customer. Demand is 2 customers per 8-hour day. The…
A: Cost of labor is total earning of the employees who take on exchange of service to customers.…
Q: Cost Classification Discussion Question The table below shows monthly data collected on production…
A: Add the given data in excel as follows.
Q: Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the…
A: Formulae used: Linear regression forecast: Y= a+bxwhere,b= slope of the line a= Value of Ywhere…
Q: What techniques do you use to distribute jobs effectively?
A: As the lead of a high-performing software team, how you assign & balance work across the team…
Q: Explain why and how they flourish/languish in the midst of uncertain market condition.
A: The pandemic — probably the most unprecedented occurrence of our time — has actually been manifold…
Q: A company is planning to manufacture snowboards. The fixed costs are $128 per day and the total…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: A company sells sets of kitchen knives. A Basic Set consists of 2 utility knives and 1 chef's knife.…
A: Decision Variable: Suppose-x1 be the no. of basic set of knivesx2 be the no. of regular set of…
Q: Are affirmative action policies are unjust because they discriminate against white men?
A: Affirmative action policies are designed to expand opportunities for people who have been…
Q: Given these observed times (in minutes) for four elements of a job, determine the observed time (OT)…
A: The amount of time required to execute a specific job is known as observed time. The amount of time…
Q: he number of plumbing repair jobs performed by Augur’s Plumbing Service during each month last year.…
A:
Q: Check which variable(s) should be in your answer. s.t.Monday
A: Linear programming is a mathematical technique that is also used in operations management…
Q: It is Friday afternoon and the following production information is available for the following week:…
A: Find the Given details below: Period 0 Monday Tuesday Wednesday Thursday Friday Gross…
Q: 7. Component Manufacturing. Vollmer Manufacturing makes three components for sale to refrigeration…
A: Decision Variables: Suppose-A be the units of component 1 manufacturedB be the units of component…
Q: The project schedule provides processes and controls that will impact client expectations Select on
A: A project schedule is a plan that outlines the steps and tasks needed to complete a project.
Q: Hahn Manufacturing purchases a key component of one of its products from a local supplier. The…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: a. (**) Draw a precedence diagram for the tasks. Suppose the university needs to process 30…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: How do hotel integrate online and social media touchpoints, customer information, and insights…
A: NOTE: We are allowed to do only one question. Hotels are now more than just a place to stay. They…
Q: Evaluate the essential components of a corporate strategy and how they are related in a project…
A: Corporate strategy is a well established long term plan which helps to describe and accomplish the…
Q: How does risk management operate and what is it? What exactly about risk and asset vulnerability…
A: Risk management can be broadly defined as the process of identification, evaluation, prevention and…
Q: A. During quantitive research the researcher collects documents and numerical data to address…
A: Comparative study, which gathers and examines non-numerical data, is known as quantitative research…
Q: The project network along with normal and crash data are provided below. Crash the project network…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Jse the Big M method, work through the simplex method step by step to demonstrate that the problem…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: What are the monetary source
A: ISPs are all linked to one another via network access points, which are public network facilities on…
Q: gift-wrapping business is staffed by Kaitlyn, Rob, Sam, Susan and Sarah. The production by each of…
A: Given, 8 hour work day = 480 minutes Jared production = 64 packages 1. Productivity =…
Q: The following table gives the number of pints of type A blood used at Damascus Hospital in the past…
A: Formulae used: Simple Moving Average = (A1 + A2 + …… + An)n Weightage Moving Average = (A1×W1+…
Q: Discuss three major benefits to the use of the contingency funds in managing projects?
A: Contingency fund is a budgeted amount which helps to meet unexpected expenses in project management.…
Q: a.)Formulate this problem, that is, define variables, write the objective function and constraints.…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Uncertainties and risks are always associated with large real world projects and may obstacle and…
A: Whenever a risk event is identified and assessed, a decision has to be taken as to how to deal with…
Q: a) Network of activities (precedence diagram) b) Cycle time c) The required number of workstations
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: A hospital is administering a polio vaccine (“polio drops”) to children under the age of 5 in…
A: Service level = Understocking cost/(understocking+overstocking cost) EOQ = Mean + standard…
Q: Using simplex method.
A: The Decision Variables are: Let, x1 represent the number of acres of crop A x2 the number of acres…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- Determine which factor of production is needed in the following problem. 1.The ABM manufacturing Co.hired a gardener.He uses a lawn mower for landscaping.Which factor of production would you consider this machine? 2.The owner of the company withdrew cash for the salaries of thw employees.which factor of production would you consider cash on hand? 3.The top manager of the firm said "the great ideas,consepts and emotional determination of a person to produce something that consumers want to buy" is very important for the company.What factor of production describes the ability to create great ideas? 4.The farmers planted pineapple cutting in the vacant area located in their locality.Which factor of production would you consider a pineapple plantation?What would the Sp value be?What is your insight about the concept of “ Quality over Quantity”
- 2. Come up with a decision using each of the different criteria under conditions of uncertainty using the table below. The payoff values are expressed as LOSSES and alpha = 0.5 State of Nature (Production Rate) Alternatives Very Low Low Moderate High Machine Brand A Machine Brand B Machine Brand C Machine Brand D Machine Brand E 163 125 -87 -19 58 128 -90 -59 36 40 185 -21 13 -56 -71 106 11 48 -55 107 Machine Brand F -98 -94 -24 Machine Brand G -33 176 165 16just do the estimation product part and i will do the report about it, and please pick something easy to expainMany fimrs benefit from strategic decision-making and tactical production planning to lower supply-chain costs and risks. As a member of an executive committe for a fast moniving consumer goods (FMCG) organisation, proposewhich type of decisions you will be involved in to ensure that there is a reduction in cost and mitigation of risks; A. competitors are associates in the TQM process B. Employee's commitment to continuos imporvoment is not an obligation C. TQM systems are driven by the goal of customer satisfaction D. Quality is not an important orgnaisations' activity.
- 1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…A retail store sells a popular cosmetic called Devine and the store manager was given $120,000 by the corporate office to improve store performance any way she thinks best. The "base case" information is a price of $28 per bottle, a contribution margin of 0.35, a customer defection rate of 18 percent, and a repurchase frequency of five times a year. If these improvement funds could be used to (a) increase the contribution margin to 0.40 or (b) reduce the customer defection rate to 16 percent or (c) increase the repurchase frequency to seven times per year. Assume all other variables remain at the base case level for each of the three improvement options. Use the Excel template VLC to calculate the VLC for each option and summarize your answers using the table below. Round your answers to the nearest cent. Contribution Repurchase Defection Price Margin Frequency Rate VLC in $ $28 0.35 5 18% $ (a) $28 0.40 5 18% $ (b) $28 0.35 5 16% $ (c) $28 0.35 7 18% $…Provide a brief explanation of the conceptual relationship between improvements in quality andimprovements in financial performance.