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You are thinking of opening a copy shop. It costs $8000 to rent a copier for a year. It costs 0.023 per copy to operate the copier. Other fixed costs of running the store amount to $600 per month. You charge an average of 0.12 per copy. You are open 365 days per year. Each copier can make up to 150,000 copies per year. a. Using Excel, construct a two way profit table (number of copies on the left running top to bottom and daily demand on the top running from left to right) for 1 to 5 copiers rented and daily demands of 1000, 1500,2000,2500 copies per day. That is Compute annual profit for each of these combinations of copiers rented and daily demand. b. Given that you rent three copiers, what daily demand for copies will allow you to break even? Draw a break even graph to show this break even relationship.
question 1 1.the one-worker multiple machines approach functions as a one-person production line. a production
The focus of JIT attempts to remove delays, which do not add value. Select a company and use the Internet to identify the chosen company’s method of managing their inventory. Describe how JIT could be implemented in the company chosen, discuss the ad..
we have seen many changes and innovations in the application of technology to operations management in recent years.
Determine the minimum cycle time and then calculate the cycle time for a desired output of 500 units in a seven-hour day. Why might a manager use a cycle time of 50 seconds?
A project consists of activities A, B, C, D, E, F, and G. The precedence relationships and the estimated times to complete each activity are given below: Activity Preceding Activity Estimated Time.
Assume that producing 1 unit of coal requires 0.2 units of coal, 0.1 units of lumber, and 0.1 units of steel; that producing 1 unit of lumber requires 0.2 units of coal, 0.1 units of lumber, and 1.3 units of steel; and that producing 1 unit of steel ..
Discuss why you think a CIO survey is important for the HMIS industry. Based on the information provided in the Mini-Case and survey, explain what types of hardware investments are most important to the future of HMIS.
Custom Computers, Inc. assembles custom home computer systems. The heat sinks needed are bought for $12 each and are ordered in quantities of 1300 units. What is the average inventory level under the economic order quantity policy? What is the number..
A metal-cutting operation has a target value of 20 and consistently averages 19.8 with a standard deviation of 0.5. The design engineers have established an upper specification limit of 22 and a lower specification limit of 18. What is the process..
Determine the types of inventories these companies currently manage and describe their essential inventory characteristics. Analyze how each of their goods and service design concepts are integrated.
Identify five techniques for managing time. Explain why it is important to plan and prioritize your day. Why is it important to balance life and work? List four techniques for reducing stress.
Using the information that you learned in the activity for the Business Environment Process, write a 1-2 page paper in which you choose one of the business process categories and identify some of the business environmental factors that affect that..
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