A decorating store specializing in do-it-your-self home decorators must decide how many informa- tion packets to prepare for the summer decorating season. The store managers know they will require at least 400 copies of their popular painting packet. They believe their new information packet on spe- cialty glazing techniques could be a big seller, so they want to prepare at least 300 copies. Their printer has given the following information: The painting packet will require 2.5 minutes of printing time and 1.8 minutes of collating time. The glazing packet will require 2 minutes for each operation. The store has decided to sell the painting packet for $5.50 a copy and to price the glazing packet at $4.50. At this time, the printer can devote 36 hours to printing and 30 hours to collation. He will charge the store $1 for each packet prepared. How many of each packet should the store order to maximize the revenue associated with information packets, and what is the store's expected revenue?

A decorating store specializing in do-it-your-self home decorators must decide how many informa- tion packets to prepare for the summer decorating season. The store managers know they will require at least 400 copies of their popular painting packet. They believe their new information packet on spe- cialty glazing techniques could be a big seller, so they want to prepare at least 300 copies. Their printer has given the following information: The painting packet will require 2.5 minutes of printing time and 1.8 minutes of collating time. The glazing packet will require 2 minutes for each operation. The store has decided to sell the painting packet for $5.50 a copy and to price the glazing packet at $4.50. At this time, the printer can devote 36 hours to printing and 30 hours to collation. He will charge the store $1 for each packet prepared. How many of each packet should the store order to maximize the revenue associated with information packets, and what is the store's expected revenue?

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. Is Ben Gibson acting legally? Is he acting ethically? Why or why not?
Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
4 Trinity General Hospital had the following number of patient admissions during the past 8 weeksWeek Patient Admissions1 1202 1453 954 1125 1306 1107 1008 140 a. Develop a 3-week weighted average forecast forWeek 4 through 9 with weightsW1 = 0.2W2 = 0.3W3 = 0.5 b. Forecast patient admissions for week 9 using simpleexponential smoothing with α = 0.2. Assume that the forecast for Week 2 (F2) is the naïve forecast.
a) The demand forecast for Month 6 would be: A. 565 haircuts B. 574 haircuts C. 578 haircuts D. 584 haircuts b) With Mean Absolute Deviation (MAD) as the criterion, the best forecasting model for this time series data is: A. Naïve approach B. 2-week Simple Moving Average (SMA) C. Weighted Moving Average (WMA) with weights: 0.5, 0.3, 0.2 D. Exponential Smoothing (ES) with alpha = 0.8
4 Trinity General Hospital had the following number of patient admissions during the past 8 weeks Patient Week Admissions 1 120 145 3 95 4 112 5 130 6. 110 7 100 140 Develop a 3-weck weighted average forecast for Week 4 through 9 with weights a W1 = 0.2 W2 = 0.3 W3 = 0.5 Forecast patient admissions for week 9 using simple | exponential smoothing with a = 0.2. Assume that the forecast for Week 2 (F2) is the naïve forecast.
The schedular at ZamTech uses MPS time-phased records for planning and item production. The planner is currently working on a schedule for a strut assembly, one of ZamTechs top-selling spare parts.The planner uses a production lot size of 170 and a safety stock of 15 for the strut assembly. The planner has the following forecasts (Ft) and orders (Dt) for the next 8 weeks, as shown in Table 1. Table 1 Week 1 2 3 4 5 6 7 8 Ft 130 130 130 140 140 140 145 145 Dt 45 38 18 Required: a) Help the master production scheduler to fill in the MPS time-phased record shown in Table 2 for the strut assembly. There are 120 units on hand. Table 2 1 2 3 4 5 6 7 8 Ft Dt EIt-1 Pt EIt ATPt b) Can the planner accept the following orders? Update the MPS time-phased record for accepted orders, in Table 3. Table 3 Order Quantity Desired week 1 120 4 2 144 6 3 100 2…
Home-Style Cookies tracks monthly sales by type of cookie, see the following table. Month Chocolate Chip (000 units) Peanut Butter (000 units) Filled (000 units) Feb. 19 15 10 Mar. 18 14 9 Apr. 15 11 8 May 20 16 11 Jun. 18 14 10 Jul. 22 18 12 Aug. 20 16 10 Sep. Create a line chart in Excel showing monthly sales by type of cookies (each type will have its own line); then, forecast September sales volume for chocolate chip cookies using each of the following: the naïve approach; a 5-month moving average; a weighted average using .60 for August, .30 for July, and .10 for June; and a linear trend equation.
4. A consultant has been working on measuring performances of the private hospitals locating in Sinop. Because of the privacy concerns, the names of the hospitals are not shared. The hospitals (H1, H2, and H3) will be evaluated systematically by means of DEA based on AHP method. In the proposed analysis, initially traditional AHP analysis is decided to be applied in order to calculate the weights of the hospitals. Then, the weights derived from AHP method will be directly used in the DEA analysis. Below, pairwise comparison matrices collected from decision maker, are demonstrated. Based on these, calculate the global weights of the hospitals and provide the ranking of the alternatives. (Note: The consistencies of the pairwise comparison matrices have already controlled.) Pairwise Comparison Matrix of Criteria ci Pairwise Comparison Matrix of hospitals with regard to (wrt) Criterion 2 H2 Criteria Criterion 1 (C1) Criterion 2 (C2) Criterion 3 (C3) C2 C3 Alternatives H1 H3 1 3 3 H1 1 1 Н2…
On November 30, 20A, ABC company received its bank statement. However, the closing balance of the account was unreadable. Attempts to contact the bank after hours did not secure the desired info. The following data are available in preparing a bank reconciliation: October 31 book balance 146,000 Note collected by bank 10,000 Interest earned in note 1,000 NSF check of customer 13,000 Bank service charge on NSF check 200 Other bank service charges 300 Outstanding checks 20,200 Deposit of October 31 placed in night depository 8,500 Check issued by LMN company charged to ABC company 2,000 What is the cash balanc per bank statement?
A developer has requested your advice for the selling price per sg.m, of flats in an area of your choice. You should retrieve 20 asking prices for residential flats in your preferred area from agents' websites. Proceed with all necessary adjustments and estimate a value per sg.m, for a typical 2 bedroom flat that he is aiming to build. Additionally, retrieve asking rental prices for the same area and proceed with the necessary adjustments in order to estimate the ARY. Present your analysis and the way of thinking in 500 words and also support your opinion with an excel table showing your adjustments.
Week 1 2 4 Forecast Method 1 0.90 1.05 0.97 1.22 Actual Demand 0.72 1.05 1.00 0.97 Week 1 2 3 4 Forecast Method 2 0.82 1.19 0.90 1.17 Actual Demand 0.72 1.05 1.00 0.97 0 The MAD for Method 1 = thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 1 = thousand gallons (round your response to three decimal places). The MAD for Method 2 = thousand gallons (round your response to three decimal places). The mean squared error (MSE) for Method 2 = thousand gallons (round your response to three decimal places).
An ‘Eye-catching’ Report Sasha is the Director of External Affairs for a national non-profit medical research centre that undertakes research on diseases related to ageing. The work of the centre depends on funding from multiple sources, including the general public, individuals and grants from companies, foundations and the government. Sasha’s department prepares an annual report of the achievements of the centre and the financial status for the Board of Directors. The report is mostly text with a few charts and tables, all black and white, with a simple cover. It is inexpensive to produce other than the effort to pull together the content, which requires time to request and expedite in formation from the other departments of the centre. At the last board meeting, the board members suggested that the annual report be ‘up-scaled’ into a document that could be used for marketing and promotional purposes. They want Sasha to mail the next annual report to the centre’s various…