The Ace Manufacturing Company has orders for three similar products.DETAILS CAMMIMS16 6.E.009.MinProducts.t.ABс1Machine23AThree machines are available for the manufacturing operations. All three machines can produce all the products at the same production rate. However, due to varying defect percentages I eachproduct on each machine, the unit costs of the products vary depending on the machine used. Machine capacities for the next week and the unit costs are shown below.ABProductBC12Orders(units)1,70033001,200Capacity(units)1,4001,4006001Machine23$1.00 $1.30 $1.10$1.20 $1.40 $1.00MY NOTES$0.90 $1.20 $1.20ASK YOUR TEACHERPRACTICE ANOTHER(a) Develop the linear programming formulation of this problem. (Let XA1 be the number of units of product A produced by machine 1, x; be the number of units of product i produced by machine j,etc.) s.tMachine 1 CapacityMachine 2 CapacityMachine 3 CapacityProduct A OrdersProduct B OrdersProduct C Ordersx 20 for all i, j.(b) Solve the transportation model for the minimum cost production schedule for the products and machines.Show the production schedule.(XA1 XA2 XA3 XB1r XB2 XB3 XC1 XC2 XC3) =Determine the cost (in dollars) the production schedule.Total = $

The transportation model is used to calculate the minimum cost of the route by selecting different…

Answered: (a) Develop the linear programming…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Q6) Tracking signals track changes in control limits can lead to an increase in cumulative errors can capture changes in trends track changes in demand updates none of the above Q7) In an inventory problem, the fixed ordering costs are increased but all other factors remain the same. This change will increase the optimum order quantity change the demand pattern reduce the optimum order quantity change the stockout costs increase the optimum lead time Q8) In an MRP system, the lead time to acquire or produce components is used in calculating net requirement from gross requirements net requirements from available planned order releases from planned order receipts lot sizes for scheduled orders none of the above
2. Say whether the following variances are favourable (F) or adverse (A) Variance/ reason for variance machine breakdown non-availability of material illness wage rate increase unforeseen discounts received greater care taken in purchasing change in material standards price increase careless purchasing output produced more quickly than expected because of work motivation better quality of equipment or materials production more than budgeted F/A
36. Describe how a well-planned receiving and storage program contributes to cost and quality control.
Cesar Rego Computers, a Mississippi chain of computer hardware and software retail outlets, suppées both educational and commercial customers with memory and storage devices. It currently faces the following ordering decision relating to purchases of disks Quantly needed to quality for the discount 6.900 disks What is the LOQ9 EDO-0 unts (round your response to the nearest whole number) D S 1 Purchase price Discount price 30,900 disks $25 21% 50 89 50.01
Which of the following should NOT be included in the analysis of a new product? 1. money already spent for research and development of the new product II. reduction in sales for a current product once the new product is introduced III. increase in accounts receivable needed to finance sales of the new product IV. market value of a machine owned by the firm which will be used to produce the new product V. $1,000,000 the company spent 5 years ago to buy a machine which will be used to produce the new product I and III QI and V II, III, and IV I, II, and IV
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yz=06 Question 6 A newly purchased equipment item in your organization has a compressor that is known to experience failure (requiring complete replacement) after 6 years. Because of the problems in finding OEM parts, your organization is considering purchasing spare compressors. Your organization uses some numbers (all PER SINGLE COMPRESSOR) to make decisions: It costs $1200+YZ to purchase AND store a single spare compressor for one year. It costs $2000 for downtime costs and repair with that same stored compressor It costs $5000 to purchase a compressor (and downtime costs) and repair if you have to purchase it when it is immediately required. (the higher cost reflecting the convenience and not having to pay for storage) If the time frame of analysis is 4 years, use the Poisson distribution to advise on the lowest cost decision (ie. How many spare compressors will you recommend - zero, one, two...?)
30) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. Assume the XYZ company orders 9,000 handles at a time (not necessarily the economic order quantity). The order receipt period = _____ days. Group of answer choices a) 6.0 b) 5.8 c) 30.0 d) 51.4 e) 50.0
Q#3 · Let p + 3q/2 = 27 be an equation involving two variables p (price) and q (quantity). Indicate the meaningful domain and range of this function when (a) the price (b) the quality are considered independent variables.
29) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. In order to calculate the EOQ, the XYZ company utilizes the __________ model. Group of answer choices a) Basic EOQ b) Production Quantity c) Optimal Production
Franklin Tooling, Inc., manufactures specialty tooling for firms in the paper-making industry. All of their products are engineer-to-order and so the company never knows exactly what components to purchase for a tool until a customer places an order. However, the company believes that weekly demand for a few components is fairly stable. Component 135.AG is one such item. The last 26 weeks of historical use of component 135.AG is recorded below. Week Demand Week Demand 1 2 3 4 5 6 7 8 9 10 11 12 13 137 136 143 136 141 128 149 136 134 142 125 134 118 14 15 16 17 18 19 20 21 22 23 24 25 26 131 132 124 121 127 118 120 115 106 120 113 121 119 Use OM Explorer’s Time Series Forecasting Solver to evaluate the following forecasting methods. Start error measurement in the fifth week, so all methods are evaluated over the same time interval. Use the default settings for initial forecasts.i. Naïve (1-Period Moving Average)ii. 3-Period Moving Averageiii. Exponential Smoothing,…

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(a) Develop the linear programming formulation of this problem. (Let XA1 be the number of units of product A produced by machine 1, x;; be the number of units of product i produced by mach etc.) Min s.t.