Questions
A manager must decide which type of machine to buy, A, B, or C. Machine costs...

A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows:

Machine Cost
A $ 80,000
B $ 70,000
C $ 40,000


Product forecasts and processing times on the machines are as follows:

PROCCESSING TIME PER UNIT (minutes)
Product Annual
Demand
A B C
1 24,000 1 4 6
2 8,000 1 3 5
3 30,000 6 4 3
4 18,000 6 5 1


a. Assume that only purchasing costs are being considered. Compute the total processing time required for each machine type to meet demand, how many of each machine type would be needed, and the resulting total purchasing cost for each machine type. The machines will operate 10 hours a day, 240 days a year. (Enter total processing times as whole numbers. Round up machine quantities to the next higher whole number. Compute total purchasing costs using these rounded machine quantities. Enter the resulting total purchasing cost as a whole number. Omit the "$" sign.)

Total processing time in minutes per machine:
A
B
C
Number of each machine needed and total purchasing cost
A $
B $
C $


b. Consider this additional information: The machines differ in terms of hourly operating costs: The A machines have an hourly operating cost of $12 each, B machines have an hourly operating cost of $14 each, and C machines have an hourly operating cost of $15 each. What would be the total cost associated with each machine option, including both the initial purchasing cost and the annual operating cost incurred to satisfy demand?(Use rounded machine quantities from Part a. Do not round any other intermediate calculations. Round your final answers to the nearest whole number. Omit the "$" sign.)

Total cost for each machine
A
B
C

In: Operations Management

A city is hosting an annual marathon event and wants to produce t-shirts. Maria was able...

A city is hosting an annual marathon event and wants to produce t-shirts. Maria was able to obtain previous years’ demand and probability data as given in below table. She also estimates:

Selling price is $10, cost is $3, and the salvage value is $1.

Calculate all numbers in the payoff table. Show all work. How many shirts should be made to maximize profit?

Demand = 1000, 20%

Demand = 2000, 30%

Demand = 3000, 30%

Demand = 4000, 20%

Profit

Make 1000

Make 2000

Make 3000

Make 4000

In: Operations Management

THIS IS AN ASSIGNMENT We are a mid-sized marketing consulting firm that provides client services in...

THIS IS AN ASSIGNMENT

We are a mid-sized marketing consulting firm that provides client services in the US and abroad. You have been assigned as an RKG’s consultant. For your first major project, you are responsible for creating a Marketing Plan for a hypothetical product, service, or organization of your choice. The Marketing Plan is focused on various strategy using new media and/or traditional media platforms and social media tools as the basis for the initial introduction into the market.
The Marketing Plan should identify the following:
1. "What" (Product or Service) Define your product, service or organization, explaining its history
2. "Who" (Target Consumer) Identify the market segments and target audience to whom you will direct your marketing efforts
3. "Why" (Plans and Projections) Outline your campaign’s strategic goals, including your financial
4. "Where" (Platforms and Tools) Explain the marketing channels you intend to use to market your product or service
5. "When" (Timeline and Schedule) of your chosen product, service or organization.

In: Operations Management

2. Consider the Leader-Member Exchange Theory, what do you see as the significant contradiction between this...

2. Consider the Leader-Member Exchange Theory, what do you see as the significant contradiction between this theory and Fiedler’s Contingency Theory when it comes to leadership styles. Explain fully.

3. Explain Transformational Leadership and Charismatic Leadership. What do you see as similarities in these two styles and what do you see as dissimilarities. Explain fully giving examples.

In: Operations Management

Discuss considerations that a restaurant owner or manager should take into account before deciding between the...

Discuss considerations that a restaurant owner or manager should take into account before deciding between the following alternatives: pur- chasing an expensive piece of equipment to make hamburger portions of uniform size, or employing people on hourly wages to do the same work, along with buying inexpensive portion scales for them to work with.

In: Operations Management

1. Fiedler’s Contingency Theory of Leadership was an important advanement in our understanding effective leadership styles....

1. Fiedler’s Contingency Theory of Leadership was an important advanement in our understanding effective leadership styles. But, it was just a beginning in our understanding of the “contingencies” that impact leadership effectiveness. Summarize Fiedler’s leadership contingency factors. Now consider House’s Path-Goal Theory, what did the Path-Goal Theory of Leadership add to our understanding of leadership contingencies. What contingency did House consider that Fiedler did not?  Explain fully.

In: Operations Management

Sampling 4 pieces of​ precision-cut wire​ (to be used in computer​ assembly) every hour for the...

Sampling 4 pieces of​ precision-cut wire​ (to be used in computer​ assembly) every hour for the past 24 hours has produced the following​ results:

Hour   Xbar   R   Hour   Xbar   R   Hour   Xbar   R   Hour   Xbar   R
1 3.15   0.76   7   3.15   0.53   13   3.11   0.90   19   3.31   1.66
2 3.10   1.13   8   2.65   1.08   14   2.73   1.31   20   2.89   1.14
3 3.12   1.48   9 3.12 0.71 15   3.02   1.11   21   2.65   1.08
4 3.49   1.31   10   2.95 1.38 16   2.84   0.45   22   3.18   0.46
5 3.17   1.22   11   2.73 1.17   17   2.76   1.38 23   2.84   1.53
6 2.86   0.37   12 2.87 0.35   18   2.74   1.24   24   2.74 1.02

Based on the sampling​ done, the control limits for ​3-sigma x overbarx chart are ​(round all intermediate calculations to three decimal places before proceeding with further​calculations)​:
Upper Control Limit ​(UCL Subscript x overbarUCLx​) ​= ?
Lower Control Limit ​(LCL Subscript x overbarLCLx​) ​= ?
Based on the x overbarx​-chart, the wire cutting process has been
IN CONTROL or OUT OF CONTROL?

The control limits for the ​3-sigma​ R-chart are ​(round all intermediate calculations to three decimal places before proceeding with further ​calculations)​:
Upper Control Limit ​(UCL Subscript Upper RUCLR​) ​= ?
Lower Control Limit ​(LCL Subscript Upper RLCLR​) ​= ?
Based on the​ R-chart, the wire cutting process has been
IN CONTROL or OUT OF CONTROL ?

In: Operations Management

What is the difference between the management requirements for project costing and financial accounting. What are...

What is the difference between the management requirements for project costing and financial accounting. What are the different reports required.

In: Operations Management

An employer’s arbitration clause will be enforced unless the employee can show that the clause is...

An employer’s arbitration clause will be enforced unless the employee can show that the clause is both procedurally and substantively unconscionable.

a. True

b. False

An example of implicit bias would be where an individual has a conscious bias against persons of a particular race.

a. True

b. False

In a Title VII disparate treatment claim based on sex, the plaintiff will not prevail without proof that “but for” his sex the employer would not have taken the same adverse employment action.

a. True

b. False

An employer may require all of its employees to speak English if it can demonstrate that customers complained about employees speaking Spanish?

a. True

b. False

In: Operations Management

Anecdotal notes are one way to document learning. What are some advantages and disadvantages for this...

Anecdotal notes are one way to document learning. What are some advantages and disadvantages for this assessment strategy? What do teachers need to be aware of when using this strategy?

In: Operations Management

You manage a fabrication shop and have collected the following measurements (cm). You collected 7 random...

You manage a fabrication shop and have collected the following measurements (cm). You collected 7 random samples each day for a month. Below find the average of those 7 measurements and the range. You do not know the natural variation. Construct an x-bar and range chart. Include several sentences about your conclusions after analyzing your charts.

Sample Sample mean (cm.) Sample range
1 50 13
2 53 11
3 53 13
4 55 13
5 54 11
6 51 10
7 52 9
8 53 10
9 52 9
10 53 10
11 55 12
12 54 10
13 53 11
14 54 13
15 54 9
16 50 10
17 52 11
18 54 9
19 52 13
20 52 12
21 53 12
22 52 10
23 54 9
24 55 13
25 57 11
26 56 10
27 57 13
28 56 9
29 58 9
30 56 9
31 58 9

Continuing on with the data from the fabrication shop (cm. measurements), you have the following additional information. The standard deviation is 1.3 cm. The contract specifies that parts will be between 50 cm and 60 cm. What is the Cp? Express with 2 decimal places.

In: Operations Management

8. Accepting a price discount for ordering larger quantities leads to lower levels of anticipation inventory....

8. Accepting a price discount for ordering larger quantities leads to lower levels of anticipation inventory.

True or False

9. Prices may not be directly related to costs in the market approach

True or False

10. Farmers turn to market and production contracts when they perceive the efficacy of spot markets to be inadequate in handling their risks and processors turn to contracts as a way to encourage farmers to produce specific products at desired times.

Ture or False

11. Competitive bidding, in general, is the most efficient means of obtaining a fair price for items bought.

True or False

12. Fixed costs generally remain the same regardless of the number of units produced.

Ture or false

13. In formation regarding prices trends cannot be easily obtained because most organizations are reluctant to share cost and price information

True or False

14. The process for bidding in the public sector is generally similar to the private sector, although there are a few important differences.

True or False

15. The purchasing manager indexes( PMIs) are leading economic indicators derived from monthly surveys of purchasing managers about forecasted company conditions.

True or False

In: Operations Management

how do you recruit hire place onboard new workforce members.

how do you recruit hire place onboard new workforce members.

In: Operations Management

Why are appointment systems used? What decisions are necessary to design an appointment system? Describe some...

Why are appointment systems used? What decisions are necessary to design an appointment system?

Describe some practical examples of the single-resource sequencing problem.

In: Operations Management

Describe in detail the different parts of a Control Chart. Consider a control chart that is...

Describe in detail the different parts of a Control Chart.

Consider a control chart that is constructed to track student attendance. Give two examples of random variation and 3 examples of assignable cause variation.

In: Operations Management