PP.71 A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below: Supply/Demand Info Pre-Q1 Q1 Q2 Q3 Q4 4,730 5.390 5.170 5.000 5.000 5.000 110 110 Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees 4,620 4.620 42 330 46 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production costunit Holding costunit/quarter Hiring cost'employee Firing cost employee Subcontract costunit 110 480 $85 $13 $820 $2,150 $110 46 48 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total hire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total fire cost for this production plan? (Display your answer to the nearest whole number.) Number

PP.71 A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below: Supply/Demand Info Pre-Q1 Q1 Q2 Q3 Q4 4,730 5.390 5.170 5.000 5.000 5.000 110 110 Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees 4,620 4.620 42 330 46 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production costunit Holding costunit/quarter Hiring cost'employee Firing cost employee Subcontract costunit 110 480 $85 $13 $820 $2,150 $110 46 48 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total hire cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total fire cost for this production plan? (Display your answer to the nearest whole number.) Number

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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Supply/Demand Info Predicted Sales Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost/hour Overtime cost/ton Subcontracting costiton Holding cost ton/month Hiring cost employee Firing cost/employee Beginning Apr May 4,200 531 $20 $32 $25 $10 $3.700 $4.000 Jun 51,500 50.300 61,600 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/ton Regular production tons/employee/month Max regular production (tons/month) Max overtime production (tons/month) Max subcontractor production (tons/month) 3 100 56,700 3,700 6,000 Jul Aug Sep 45,400 56.600 62,800 Given the above information (and don't overlook beginning number of employees and inventory levels in the first table), create a LEVEL production plan with only the use of regular production and no inventory left over at the end of the six-month period. What is the regular…
Calculate customer life time value for the data below. (Show Work) Purchase Occasion Transition Probability Average Basket Size 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ΝΑ 55% 75% 78% 83% 81% 81% 86% 82% 85% 90% 93% 85% 89% 85% 91% 97% 97% 96% 85% 83% 89% 82% 79% 82% 89% 88% 86% 67% 75% $46.71 $56.71 $57.93 $56.87 $58.26 $66.90 $63.62 $70.27 $63.03 $62.60 $71.81 $76.76 $78.14 $65.65 $74.84 $81.11 $72.08 $87.30 $71.94 $75.44 $70.35 $72.86 $66.68 $79.90 $93.91 $61.08 $94.16 $100.40 $77.89 $99.70
Q 6. For the following data, calculate the number of workers required for level production and the resulting month-end inventories. Each worker can produce 15 units per day, and the desired ending inventory is 9000 units. Month 1 3 4 Total Working Days 20 24 12 19 Forecast Demand 28,000 27,500 28,500 28,500 Planned Production Planned Inventory 11,250 [3+2] 2.
Q21 The owner of a large machine shop has just finished its financial analysis from the prior fiscal year. Following is an excerpt from the final report: Net revenue $ 348,000 Cost of goods sold 305,000 Value of production materials on-hand 42,500 Value of work-in-process inventory 67,000 Value of finished goods on-hand 27,500 a. Compute the inventory turnover ratio (ITR). (Round your answer to 1 decimal place.) b. Compute the weeks of supply (WS). (Do not round intermediate calculations. Round your answer to 1 decimal place.)
Q4) A manufacturer provides specialized microchips. During the next 3 months its sales, costs, and available time are shown in the table. Month 1 Month 2 Month 3 There are no chips in stock at the beginning of the first month. It takes 1.5 hr of production time to produce a chip and costs $5 to store a chip from one month to the next. Determine a production schedule that meets the demand requirements, does not exceed the monthly production time limitations, and minimizes cost. Note that no chips should be in stock at the end of the 3 months. Use fmincon. Chips required Cost regular time ($/chip) Cost overtime ($/chip) Regular operation time (hr) Overtime (hr) 1000 100 110 2500 100 120 2200 120 130 2400 2400 720 2400 720 720
Q1Wheels lo., iu a producer of bigclen and bicycla supppliee and accessories. You were hured to assist inguantifyng the product mix problem, 4o delermine the number of bicycle to praduce monthly.The folbwing a Production inckudes three type of bicyclu: Road, Mountain,and folding. b.Expected demand, unit production cast,and selling prices for each of the 3 was provided: are shown in the following tade: Bigyela Tiype felding Road 50 Tooo 2500 Mountain Demand Cost Prie 10 5 1500 3400 1800 C.Supplies A, B, and C ane wed in the bicde production a shown in the follomi table, where anly 400, 6o0,and 200 units, vespectively, are available morithly:. Supply ype Road yela Type Mountain 3. Felding 4. 5. 2. d.35,000 Pounde are available monithly to cover the production cost. Formulate the Imer programming mathematical model that maximizes the monthly net profits
c. Compute and tabulate the daily demand for each month in the table below (round off to the nearest whole number). MONTH PRODUCTION DAYS DEMAND FORECAST DEMAND PER DAY JAN 2022 16 150 ? FEB 2022 16 150 ? MAR 2022 23 250 ? APR 2022 21 250 ? MAY 2022 22 400 ? JUN 2022 22 500 ? JUL 2022 21 600 ? AUG 2022 20 750 ? SEP 2022 20 450 ? OCT 2022 20 250 ? NOV 2022 16 150 ? DEC 2022 16 150 ? TOTAL ? ? d. Assuming that MPQ Limited had adopted a level strategy for the year ended 31 December 2022, compute the average daily demand for the year (round off to the nearest whole number). e. Prepare a graph showing the monthly forecasts and average daily forecast (in units per day) for MPQ Limited.
Subject: Logistic Manangement Q#1) What are the defination of Verticle and Horizontal Integration, explain with examples of each?1.1: Definition1.2: Examples
PP.52 A manufacturer of solid state drives (SSDs) has projected the next six months of demand to be as shown the table below: Supply/Demand Info Feb 60,800 Mar Apr May Jun 57,200 45,600 46,000 56,200 Forecast (demand) Regular production Overtime production Subcontract production Ending inventory Hired employees Fired employees Total employees Cost variables are as follows: Cost Variables Labor cost hour Overtime cost/unit Subcontracting costunit Holding cost/unit/month Hiring cost employee Firing cost employee Beginning Jan 48,600 7.200 180 $15 $38 $32 $8 $2,900 $5.300 Here is some additional relevant (capacity) information: Capacity Information Total labor hours/SSD Regular production units/employee/month Max regular production/month Max overtime production/month Max subcontractor production/month 3 200 55,200 3.000 5.200 Assuming the company uses regular production first, then ONLY overtime and/or subcontract production, answer the following questions: What is the regular production…
Q3: FIND INITIAL FEASIRLE SOLUTION COST FOR GIVEN PROBLEM by using A north-west oomer rule Bleast cost method e-Vogels approvimation method D1 D2 D3 D4 SUPPLE P1 2. 11 P2 1. 1. Pa 8. 15 6. 10 Demand 2. A* JIS O 11600 O 11300 O 11200 O 11000
Alpha Company Employee Pro ductivity Resulte Alpha Company Individual Employee Report for Sheila in 02 Qt resuts 30 Breakdown by Types of Services 02 resuts 26 24 0 forecast 21 20 Services 20 1010 19 20% Basic A 15 1313 Basic B 15 Upgrade A 10 Upgrade B 41% Deluxe A Maurice Auan Rohan Shela Anna Andrew Deluxe B Given the sales trends of Q1 to Q3, the most reasonable conclusion to be drawn is that revenue from... • Andrew will increase in Q4 OJuan will increase in Q4 Clear Answer Andrew will decrease in Q4 O Rohan will exceed that of Anna in Q4 Anna will exceed that of Sheila in Q4
a) b) C) d) Suppose we wish to set up a production plan for the JC Company for the next six months. We are given the following information: Number of working days Demand forecast Beginning Inventory Workforce size Labor hours required per unit: Safety stock: Straight-time cost per hour (first 8 hrs) Overtime cost per hour Inventory holding cost (unit/month) Jan 22 2000 157,000 156,000 155,000 158,000 Feb March April 19 21 21 1800 1200 1100 0 30 5 25% of the demand forecast $3,00 $5,00 $1,00 May 22 1100 June 20 1400 JC Company is planning to produce using a constant workforce (given above) on regular time and they will use overtime to meet additional output requirements. Calculate the total cost of this plan.