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Q. 1) A manager must decide Elucidate how many machines of a certain type to purchase. Each machine can process 100 customers per day. One machine will result in a fixed cost of $2,000 per day, while two machines will result in a fixed cost of $3,800 per day. Variable costs will be $20 per customer also revenue will be $45 per customer.
a. Find out the break-even point for each range.
b. If estimated Demand is 90 to 120 customers per day, elucidate how many machines should be purchased?
Propose a linear programming model which can be used to find out the optimal production schedule that will best achieve the goals of Richland Manufacturing Company.
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Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
the Chair sampled 500 final grades from last yr for each instructor also computed the number of failures per instructor as 13, 11, and 0 also 16 respectively. Compute the upper also lower standard control limits for this chart.
Decide the optimal order quantity, order frequency and the Yearly cost of inventory management. If, during automation of the purchasing process, the ordering cost can be cut to $4.00, illustrate what will be the new economic order quantity, order ..
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Illustrate what is the average VLC in a target market segment if the average purchase price is $75 per visit, the frequency of purchase is 6 times per yr.
Alpha Products, Inc. is having a problem trying to control inventory. There is insufficient time to devote all its items equally. Here is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume.
Given the increasing regulations of the Internet and email by the Government of China, recommend to the CEO of Google whether the company should continue to operate in China, the worlds fastest and among the largest growth markets.
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Customers arrive at an automated coffee vending machine at a rate of 4 per minute, subsequent a Poisson distribution. Coffee machine dispenses a cup of coffee in exactly 10 seconds. Illustrate what is average number of people waiting in line.
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