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A plastic cup manufacturer is considering adding a new plant to keep up with growth in demand. The location being considered will have fixed costs of $15,200 per month and variable costs of $10 per box of 1,0000 cups produced. Cups are sold for a price of $15 per box of 1,000.
a. What volume of cups is required per month to break even?
b. What profit would be earned on 6,000 boxes?
c. What volume is required to obtain a profit of $10,000 per month?
d. Plot the total cost and total revenue lines.
You work for a large financial institution that in the past ten years has developed new products and services that appeal to a very diverse customer base located throughout the world.
Considering the wide-range of government and private grants that you could pursue, which would you see as most advantageous to obtain?
What is the purpose of inventory? How does inventory management impact operations performance objectives? Provide specific examples.
If the probabilities of d1, d2, and d3 are .2, .5 and .3, respectively, then what choice should be made under expected value?
The last 4 weekly values of sales were 80,100,105 and 90 units. The last 4 forecast (for the same 4 weeks) were 60, 80, 95 and 75 units. Calculate the MAD, MSE and MAPE for these 4 weeks
Some tasks and the order in which they must be performed according to their assembly requirements are shown in the following table. These are to be combined into workstations to create an assembly line.
If all the seven tasks are handled by one employee, how many customers could be served per hour?
Mop and Broom Manufacturing is evaluating whether to produce a new type of mop. The company is considering the operations requirements for the mop as well as the market potential.
Your job is to compute forecasts using exponential smoothing technique with alpha of 0.3. Assume the initial forecast for day 1is 37. Show details for at least three calculations
Determine the "compensation" for the Board of Directors. As best as you can put a dollar figure on this amount. Please justify your answer in writing.
You have been asked by the Chief Financial Officer (CFO) to join a cross function project team to work on a new product concept. The first task is to explain to the team
The Solomon, Smith, and Samson law firm produces many legal documents that must be word processed for clients and the firm. Requests average eight pages of documents per hour, and they arrive according to a Poisson distribution.
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