41. A manager is going to purchase new processing equipment and must decide on the number of spare parts to order with the new equipment. The spares cost $200 each, and any unused spares will have an expected salvage value of $50 each. The probability of usage can be described by this distribution: Number 0 1 2 3 Probability 10 .50 .25 15 If a part fails and a spare is not available, two days will be needed to obtain a replacement and install it. The cost for idle equipment is $500 per day. What quantity of spares should be ordered? a. Use the ratio method. b. Use the tabular method (see Table 12.3). Page 553
Q: Sales and Operations Planning is a process of balancing resources and forecasted demand. A) True…
A: Operations management involves managing the resources and processes needed to create products and…
Q: How far has technology come in the last several decades, and what kinds of technical infrastructure…
A: The technical infrastructure is a critical component of modern businesses, as it provides the…
Q: Which of the following techniques works for location analysis for both service/retail/professional…
A: Location analysis is a process that helps to identify the suitable location based on considering…
Q: Dan's Independent Book Store is trying to decide how many copies of a book to purchase at the start…
A: Mean = 1000Standard deviation=250Selling cost = $28.00Cost of purchase=$20.00Salvage cost at…
Q: The systems approach highlights the significance of the interdependence of logistics activities.…
A: Logistics management is about planning, implementing, and controlling the movement and storage of…
Q: Your assignment is to locate and summarise two scholarly papers on the topic of ethics in project…
A: Research is a scientific study of a particular problem that is faced by a business organization…
Q: DIfferntiate between ISO27001 2022, ISO27001 2017, ISO27001 2013 and ISO27001 2005. Please…
A: ISO International Organization for Standardization is a free, non-administrative global organization…
Q: Describe how you would randomise observations and why it is important that the service user is…
A: In the below discussion first, we are going to discuss what randomise observations are and how one…
Q: Jill wants to have immediate access to wide-scale distribution. The strategy which is best is to…
A: To be determined: The strategy which would be best for Jill to have access to wide-scale…
Q: Explain how Loss Prevention can help the risk manager add value to the administration of worker’s…
A: Loss prevention is proactive approach to reducing frequency and severity of accidents and injuries…
Q: Klein Chemicals, Inc., produces a special oil-based material that is currently in short supply. Four…
A: Suppose- xij = amount of units produced by plant node i for customer node j.
Q: A college provides free tutoring services for its students 7 days a week, and the daily requirements…
A: In this question, we were asked to determine the minimum number of teachers needed to fulfill the…
Q: Distinguish between loss prevention and loss mitigation in the workers compensation area and provide…
A: Loss prevention and loss mitigation are two important concepts in field of workers' compensation…
Q: A manager must make a decision on shipping. There are two shippers: A and B. Both offer a two-day…
A: Given:
Q: Agan Interior Design provides home and office decorating assistance to its customers. In normal…
A: This scenario can be analysed using queuing theory models to determine operational characteristics…
Q: In this week, we cover Business Processes, including Process Improvement through streamlining and…
A: Business processes are an essential component of any organisation, encompassing a collection of…
Q: To minimize the costs, should relocate to Gary, should relocate to Salt Lake City, and should…
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: Explain in your own words the following: the greater the uncertainty, the greater the need for…
A: Planning refers to the process of thinking ahead and preparing for future events or activities. It…
Q: Agan Interior Design provides home and office decorating assistance to its customers. In normal…
A: Find the calculations when arrival is 2.2 customers per hour and service time is 10 minutes:
Q: How would Value chain analysis look for Walmart?
A: With more than 11,000 locations spread across 27 countries, Walmart is one of the most prominent…
Q: compare and contrast ONE SPECIFIC characteristic to domestic and foreign pricing strategies as…
A: A crucial component of supply chain and logistics management is pricing strategies. Pricing tactics…
Q: Setup Cost = $680 per setup Holding cost = $0.21 per unit per week Week Requirements Order Quantity…
A: Find the Given details below: Given details: Setup cost $ 680 Holding cost $…
Q: Figure out the core responsibilities and organizational objectives that are common to all TPSs.
A: Transaction Processing Systems (TPSs) are designed to support the core operations of an organisation…
Q: While overseeing a construction project, you discovered that one of the team members, on her own…
A: A project management is a process consist of different stages like initiating, planning, executing,…
Q: Describe what takes place at each individual phase of the machine's cycle.
A: In operations management, the term "machine cycle" refers to the time required for a manufacturing…
Q: Develop a timeline for implementation of a new business that intends to stream live football matches…
A: A business timeline typically refers to the chronological order of events and milestones in the…
Q: Which of the following does NOT call for supplier involvement? Group of answer choices A) All of the…
A: Supplier involvement refers to the degree to which a company actively engages and collaborates with…
Q: Question 1 “The COVID-19 pandemic has had an unprecedented impact on the aviation industry, with the…
A: Singapore Airlines (SIA) is Singapore's flag carrier and one of the world's largest airlines. SIA…
Q: Which of the following is TRUE about smart contracts? The new block is added to the existing…
A: A smart contract is self-executing contract with terms of the agreement between buyer and seller…
Q: A company owns a 5-year-old turret lathe that has a book value of $23,000. The present market value…
A: To be determined: EUAC for keeping old turret lathe and EUAC replacing turret lathe. Given: 5 year…
Q: The National Oceanic Research Institute is planning a research study on global warming In…
A: A time-phased budget is a plan that shows the expenses for each activity in the project distributed…
Q: Describe the key points of each article from…
A: Below is a discussion of two articles that describe the hurdles Amazon founder Jeff Bezos may face…
Q: Value analysis takes place: a. when the product is first conceived. b. during the initial stages…
A: (A) A value analysis can be done when the product is first imagined, although that is not the…
Q: Outline any six of the early warning signs that indicate that an organisation is at risk.
A: Organisational down for indicates the decline of organizations growth in the market.
Q: Two techniques for reducing rework expenses should be provided. Consider the need of progressive…
A: Reducing rework expenses is an important goal for any organization as it can result in significant…
Q: uction Lot (Batch) Size Forecast Customer Orders Projected OH MPS ATP O 20 O zero 0 1 0-7 07 2 O…
A: The amount of inventory a company has available to fulfil customer orders or new orders based on the…
Q: Strategic decision making can take place at various levels of an organization, what are the three…
A: Strategic decision-making is when a corporation bases its short-term decisions on its long-term…
Q: A company has the demand of 1800 units per year (demand rate is constant), holding costs of $13 per…
A: Annual Demand (D) =1800 unitsOrdering cost (S)=$27 per orderHolding cost (H) = $13 per item per…
Q: A software producer is about to release a new version of its popular software. Discuss what…
A: To Determine: The information to take into account for forecasting initial sales. Forecasting is a…
Q: Use the simplex method to solve the linear programming problem. Maximize z=16x₁ +5x₂ subject to: 4x₁…
A: LP helps in identifying decision variables that can be expressed as linear functions of the…
Q: 1- IF the (Most Optimistic time (least time) to, Most likely time tm, Most Pessimistic (Greatest…
A: Expected time duration: Te=To+4Tm+Tp6Where, To=Optimistic timeTm = Most likely timeTp =…
Q: Has Project Management's usefulness been replaced by technological advances?". Write in support of…
A: Project management is planning and organizing the resources that are used to complete the required…
Q: As the owner of a company that performs interior painting services, your bid was accepted and you…
A: Now that your bid to paint all of Xavier Hall's classrooms has been accepted, let's pretend you run…
Q: This week's discussion, we were told to select one of the three areas listed below, and discuss how…
A: Companies are increasingly turning to information systems to improve their operations and gain a…
Q: A toy manufacturer wants to apply Six Sigma to its manufacturing process. The product will be…
A: A data-driven technique called Six Sigma increases the quality of goods and services by locating and…
Q: Explain how to design high-quality product features that will satisfy customers. You may include the…
A: Designing high-quality product features that please clients is crucial for every firm to succeed in…
Q: Screen Printing works best with: Group of answer choices Shorter Yardages of Fabric…
A: Screen printing is a printing method where ink is applied onto a substrate such as paper or fabric…
Q: Syntech makes digital cameras for drones. Their basic digital camera uses $80 in variable costs and…
A: Variable costs (V) = 80 Fixed costs (F) = 1400 Sales (S) = 100 cameras Additional variable cost (V2)…
Q: 8-2 (Investment decision problem) The Heinlein and Krampf Brokerage firm has just been instructed by…
A: Suppose-X1 = Funds invested in Los Angeles municipal bondsX2 = Funds invested in Thompson…
Q: The process capability index, Cpk, of the operation is: O Less than 1 Greater than or equal to 1 but…
A: A process's capacity to consistently create goods within a specific range of tolerance limits is…
Ch 12 #41-Please assist me with answering this problem. Please provide step by step instructions as to how you arrive at each answer. Please do not skip steps as the process is important.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 4 images
- 28. An expensive piece of equipment is used in the masking operation for semi- conductor manufacture. A capacitor in the equipment fails randomly. The capacitor costs $7.50, but if it burns out while the machine is in use, the production process must be halted. Here the replacement cost is estimated to be $150. Based on past experience, the lifetime distribution of the capacitor is estimated to be Probability of Failure Number of Months of Service 1 .08 2 .12 3 .16 4 .26 5 .22 .16 How often should the capacitors be replaced in order to minimize the expected monthly cost of planned and unplanned replacement?7. A piece of equipment has a lifetime T (measured in years) that is a continuous ran- dom variable with cumulative distribution function F(t) = 1 – e/10 – (1/10) e¯/10 for all t> 0. a. What is the probability density function of T? b. What is the probability that a piece of equipment survives more than 20 years? c. What is the probability that a piece of equipment survives more than 10 years but fewer than 20 years? d. What is the probability that a piece of equipment survives more than 20 years given that it has survived for 10 years? 8. For the equipment mentioned in Problem 7, a. Derive the failure rate function r(1), and draw a graph of the function. b. Without using the failure rate function, determine the probability that a piece of equipment that has survived 20 years of operation fails in the 21st year. c. Does r(20) accurately estimate your answer to part (b)? Why or why not?16. The sales of High-Brite Toothpaste are believed to be approximately normal, with a mean of 10,000 tubes per week and standard deviation of 1500. To have a 95% probability that the company will have sufficient stock to cover the weekly demand, at least how many tubes should be produced?
- Explain or define each of these terms:c. Expected value42. A large national producer of appliances has traced customer experience with a popular toaster oven. A survey of 5,000 customers who purchased the oven early in 2000 has revealed the following: nd ity Number of Year Breakdowns 2000 188 2001 58 2002 63 2003 72 2004 54 2005 71 a. Using these data, estimate på = the probability that a toaster oven fails in its kth year of operation, for k = 1, . . . , 6. b. What is the likelihood that a toaster oven will last at least six years without failure based on these data? c. The discrete failure rate function has the form r; = Pr/Rp–1, where Rỵ is the prob- ability that a unit survives through period k. Determine the failure rate function for the first five years of operation from the given data. d. Suppose that you purchased a toaster oven at the beginning of 2004 and it is still operating at the end of 2007. If the reliability has not changed appreciably from 2000 to 2007, use the results of part (c) to obtain the probability that it will…A manager is going to purchase new processing equipment and must decide on the number ofspare parts to order with the new equipment. The spares cost $200 each, and any unused spareswill have an expected salvage value of $50 each. The probability of usage can be described by thisdistribution:Number 0 1 2 3Probability .10 .50 .25 .15If a part fails and a spare is not available, two days will be needed to obtain a replacementand install it. The cost for idle equipment is $500 per day. What quantity of spares should beordered?a. Use the ratio method.b. Use the tabular method (see Table 13.3).
- A workshop has 20 nos. of identical machines. The failure pattern of the machine is given below:- Elapsed time after Maintenance attention (in month) 1 2 Probability of failure 3 4 5 6 0.20 0.15 0.15 0.15 0.15 0.20 It costs 150 to attend a failed machine and rectify the same. Compute the yearly cost of servicing the broken down machines.36. This risk stems from the unavailability of raw materials, IT, skilled labor, facilities, or other resources that threaten the organization's ability and capacity to continue operations. Group of answer choices None of the choices Product or service failure risk Availability risk Business interruption risk Commerce riskGiven this frequency distribution, what demand values would be associated with the following random numbers? (Do not round intermediate calculations.) Demand Frequency 23 1 16 2 18 43 Random Number Simulated Demand 0.1 0.6 0.4
- Deborah Holwager, a concessionaire for the Amway Center in Orlando, has developed a table of conditional values for the various alternatives (stocking decision) and states of nature (size of crowd) Alternatives States of Nature (size of crowd) Large Average Small Large Inventory Ave yge Inventory Smal Inventory $12,000 -51,000 $18,000 $15.000 $16,000 $4,000 $10,000 $5,000 Probabilities associated with the states of nature are 0.35 for a large crowd, 0.50 for an average crowd, and 0.15 for a small crowd. $6.000 a) The alternative that provides Deborah the greatest oxpected monetary value (EMV) is The EMV for this decision is s (enter your answer as a whole number).Explain or define each of these terms:d. Expected value of perfect informationHW1 Q1 Consider the emergency department of a hospital that operates as follows: Upon arrival, patients first wait in line for registration. Then, after registration, patients wait to see a triage nurse who classifies them as either critical or non-critical. After the triage nurse, critical patients go to the emergency care area waiting to be seen by a doctor while non-critical patients go to the routine care area where they wait to see a doctor. It is determined that there are, on average, 20 patients registering or waiting to be registered, 5 patients being seen or waiting to be seen by the triage nurse, 15 critical patients being seen or waiting to be seen by a doctor in the emergency area, and 20 non-critical patients being seen or waiting to be seen by a doctor in the routine care area, Assuming that 20 patients arrive every hour and that 75% of the patients are non-critical, how many minutes does a patient spend on average in the emergency department of the hospital? Average time…