Consider the bill of materials (BOM) shown to the right. What is the lead time (in weeks) to respond to a customer order for product A, assuming no existing inventories or scheduled receipts? The lead time to respond to a customer order for product A is weeks. (Enter your response as an integer.)
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- Bad simulations Explain why each of the followingsimulations fails to model the real situation properly:a) Use a random integer from 0 through 9 to representthe number of heads when 9 coins are tossed. b) A basketball player takes a foul shot. Look at a ran-dom digit, using an odd digit to represent a good shot and an even digit to represent a miss.c) Use random numbers from 1 through 13 to represent thedenominations of the cards in a five-card poker hand.Consider the bill of materials (BOM) shown to the right. What is the lead time (in weeks) to respond to a customer order for product A, assuming no existing inventories or scheduled receipts? The lead time to respond to a customer order for product A is response as an integer.) weeks. (Enter your C (1) LT=3 B (1) LT=1 D (1) LT=6 A LT=5 E (1) ON LT=5 F (1) LT=3(All answers were generated using 1,000 trials and native Excel functionality.) Galaxy Co. sells virtual reality (VR) goggles, particularly targeting customers who like to play video games. Galaxy procures each pair of goggles for $150 from its supplier and sells each pair of goggles for $300. Monthly demand for the VR goggles is a normal random variable with a mean of 160 units and a standard deviation of 40 units. At the beginning of each month, Galaxy orders enough goggles from its supplier to bring the inventory level up to 140 goggles. If the monthly demand is less than 140, Galaxy pays $20 per pair of goggles that remains in inventory at the end of the month. If the monthly demand exceeds 140, Galaxy sells only the 140 pairs of goggles in stock. Galaxy assigns a shortage cost of $40 for each unit of demand that is unsatisfied to represent a loss-of-goodwill among its customers. Management would like to use a simulation model to analyze this situation. (c) Use the simulation model…
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- We all hate to bring small change to the store. Usingrandom numbers, we can eliminate the need for change andgive the store and the customer a fair shake.a Suppose you buy something that costs $.20. How could you use random numbers (built into the cash reg-ister system) to decide whether you should pay $1.00 or nothing? This eliminates the need for change!b If you bought something for $9.60, how would youuse random numbers to eliminate the need for change?c In the long run, why is this method fair to both thestore and the customer?Requlred Informatlon The Foundational 15 (Algo) [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, L01-6] [The following Information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit $ 6.80 $ 4.30 $ 1.60 $ 4.00 $ 3.80 $ 2.20 $ 1.20 $ 0.45 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Foundational 1-15 (Algo) 15. What Incremental manufacturing cost will Martinez incur if It increases production from 10,000 to 10,001 units? (Round your answer to 2 decimal places.) * Answer is complete but not entirely correct. Incremental cost per unit produced $ 14.351.) In cell C19, insert a formula that will calculate the projected advertising spending after the forecasted increase in cell A18 is added to the 2019 total. Ensure that the reference to cell A18 is an absolute cell reference. ^What is the Formula? 2.) Copy the formula and formatting in cell C19 to the range D19:F19
- Deseasonalizing old demand data is the process of reintroducing the seasonal effect toforecasted data. True or false?a. Trueb. FalseWhen it first debuted, Telsa was selling its Model 3 sedan for $35,000. The Model 3 was priced substantially less than Tesla’s other models at the time, however, it had similar quality and input costs. In charging such a low price, it is most likely that Tesla is trying to: A. Create more value without capturing more value B. Capture more value without creating more value C. Create and capture more value D. None of the aboveBestLine Hardware In spring of last year, BestLine Hardware undertook an ambitious program to overhaul their supply chain. In early planning, BestLine predicted that they could save over 25% of their entire supply chain costs by streamlining and optimizing their practices. One of the areas that had the most promise for savings and efficiency was that of order communication and fulfillment. In the existing system, Bestline’s inventory management department triggered a request to the ordering department. The ordering department then created an order and faxed it out to one of their suppliers. The supplier marked down on the fax what could be fulfilled against the order and would fax it back to BestLine for processing. Over time, this fax-based system proved to be inefficient and error-prone. Faxes were often lost or garbled, and hand-written comments could be very difficult to interpret accurately. As a part of their supply-chain efficiency effort, BestLine decided that they would try to…