Answered: w 0.5 ft P

Business

Management

w 0.5 ft P

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Homework #3- MGT 436 North Shore Sushi (NSS) is a fictional sushi restaurant located in Marquette Michigan. The owner is considering outsourcing two activities they currently do themselves: (1) winter snow removal and (2) management of their social media accounts (currently just Facebook and Twitter). Since they opened ten years ago, the owner of NSS has plowed the parking lot for the restaurant during the winter months. However, recently the engine on the truck used for plowing self-destructed. While the plow could be removed and put on a different truck, they would need to purchased another truck. Since the truck is used only for winter plowing, the owner would likely buy something used. However, the owner is considering having an outside service provider plow the parking lot instead. Due to the high snowfall in Marquette, there are numerous people/firms that provide such services. The second decision concerns their social media management. Currently, the owner of NSS manages…
Problem 11-4 (Algo) The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $6.00 a box. The lettuce is sold for $12.00 a box and the dealer that sells old lettuce is willing to pay $1.40 a box. Past history says that tomorrow's demand for lettuce averages 230 boxes with a standard deviation of 33 boxes. How many boxes of lettuce should the supermarket purchase tomorrow? Note: Use Excel's NORM.S.INV() function to find the z value. Round your answer to the nearest whole number. Number of boxes
Q2) (a) A Missouri job shop has four departments--machining (M), dipping in a chemical bath (D), finishing (F), and plating (P)-assigned to four work areas. The operations manager, Mary Marrs, has gathered the following data for this job shop as it is currently laid out. It costs $0.50 to move 1 workpiece 1 foot in the job shop. Determine cost of material handling in the current layout. Further, suggest a revised layout that has the lowest material handling cost. 100s of Workpieces Moved Between Work Areas Distances Between Work Areas in Feet M D F P M D F P M 18 2 20 12 8 4 2 6. 10 F 18 4
S7.19 Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have presented proposals. The fixed costs for proposal A are $50,000, and for proposal B, $70,000. The variable cost for A is $12.00, and for B, $10.00. The revenue generated by each unit is $20.00. Given the data in Problem, at what volume (units) of output would the two alternatives yield the same profit?
4. In the past, Peter Kelle's tire dealership in Baton Rouge sold an average of 1,100 radials each year. In the past 2 years, 220 and 250, respectively were sold in fall, 360 and 300 in winter, 150 and 160 in spring, and 320 and 440 in summer. With a major expansion planned, Kelle projects sales next year to increase to 1,300 radials. Part 2 Based on next year's projected sales, the demand for each season is going to be (enter your responses as whole numbers): Season Demand Fall __________
ces around the United States. SP currently operates four manufacturing centers in Philadelphia, PA; Atlanta, GA; St. Louis, MO, and Salt Lake City, UT. The plants have different capacities and production costs as indicated in the table below. PLANT Philadelphia Atlanta St. Louis Salt Lake City MAXIMUM CAPACITY PRODUCT COST (PER (x 100,000 POUNDS) 1,000 POUNDS) SP currently has six contract customers located in New York City, Birmingham, AL; Terre Haute, IN; Dallas, TX; Spokane, WA; and San Diego, CA. Transportation costs between the plants and various customers, as well as contracted demand from each customer, are shown in the table below. FROM/TO Philadelphia Atlanta St. Louis Salt Lake City Total Demand (x 1,000 pounds) 7.2 9.4 12.0 10.3 From/To Philadelphia Atlanta St. Louis Salt Lake City NYC $42 NYC $336.00 $286.00 $316.00 $261.00 52 54 69 540 TRANSPORT COSTS PER 1,000 POUNDS BIRMINGHAM TERRE HAUTE DALLA $49 39 57 68 430 Create a solver model and find the optimal solution to help…
a) b) Cargo Statistics (Freight Weight Tonne) Source: Port Klang Authority Official Portal, 2018 Based on the above table: c) Cargo Statistics (Freight Weight Tonne) Year Dry Bulk Liquid Bulk General Container Total 109,658,732 122,004,592 2005 8,648,931 5,291,150 7,989,319 87,729,332 2006 8,499,114 5,652,325 7,879,086 99,974,067 2007 7,651,197 5,443,261 2008 7,501,160 5,618,335 9,072,372 130,156,643 152,348,510 2009 4,947,486 5,778,601 7,690,757 9,048,023 113,372,115 135,514,596 119,276,676 137,693,520 6,398,369 8,614,812 147,081,483 170,957,449 7,751,074 9,829,213 166,576,695 194,167,667 197,907,084 2010 8,862,785 2011 10,010,685 2012 10,010,573 7,396,956 10,373,165 169,824,390 2013 10,531,812 8,063,651 2014 10,327,287 6,212,566 9,425,756 191,323,740 217,289,349 2015 10,140,564 4,929,554 9,223,965 2016 7,281,820 9,972,322 11,246,909 170,436,528 200,278,901 195,548,521 219,842,603 207,488,632 235,588,801 10,846,027 2017 10,623,637 6,547,363 8,318,739 186,145,852 211,635,591 List five…
Scenario 14.1 — Vidalia OnionsWhen Vidalia onions are ready, the entire 13 county (plus parts of seven other counties) area in Georgia where they are grown is devoted to the harvest, packaging and shipping of this delicacy. The Onion Shack currently purchases 120,000 bags of onions each year at a price of $100 per bag (a bag is ten pounds). Onion Shack has historically purchased in lots of 3000 bags. Transit time and capacity vary as indicated in the table (lead time is 2 days more than transit time). The safety inventory that Onion Shack requires is 30% of lead time demand and the holding cost for a bag is 15% of cost. Carrier Quantity Shipped (cwt) Quantity shipped (bags) Shipping cost ($/cwt) Transit time (days) Mashburn Rail 200+ 2000+ $2.10 5 Sylvia Express 100+ 1000+ $2.35 3 Anita Enterprises 250+ 2500+ $1.35 3 Smith Trucking 250+ 2500+ $1.00 3 Use Scenario 14.1 to determine the least expensive option if the Onion Shack continues to purchase 120,000 bags of Vidalia…
Scenario 14.1 — Vidalia OnionsWhen Vidalia onions are ready, the entire 13 county (plus parts of seven other counties) area in Georgia where they are grown is devoted to the harvest, packaging and shipping of this delicacy. The Onion Shack currently purchases 120,000 bags of onions each year at a price of $100 per bag (a bag is ten pounds). Onion Shack has historically purchased in lots of 3000 bags. Transit time and capacity vary as indicated in the table (lead time is 2 days more than transit time). The safety inventory that Onion Shack requires is 30% of lead time demand and the holding cost for a bag is 15% of cost. Carrier Quantity Shipped (cwt) Quantity shipped (bags) Shipping cost ($/cwt) Transit time (days) Mashburn Rail 200+ 2000+ $2.10 5 Sylvia Express 100+ 1000+ $2.35 3 Anita Enterprises 250+ 2500+ $1.35 3 Smith Trucking 250+ 2500+ $1.00 3 Use Scenario 14.1 to determine the total cost of the Anita Enterprises option if the Onion Shack purchases 240,000 bags…
Scenario 14.1 — Vidalia OnionsWhen Vidalia onions are ready, the entire 13 county (plus parts of seven other counties) area in Georgia where they are grown is devoted to the harvest, packaging and shipping of this delicacy. The Onion Shack currently purchases 120,000 bags of onions each year at a price of $100 per bag (a bag is ten pounds). Onion Shack has historically purchased in lots of 3000 bags. Transit time and capacity vary as indicated in the table (lead time is 2 days more than transit time). The safety inventory that Onion Shack requires is 30% of lead time demand and the holding cost for a bag is 15% of cost. Carrier Quantity Shipped (cwt) Quantity shipped (bags) Shipping cost ($/cwt) Transit time (days) Mashburn Rail 200+ 2000+ $2.10 5 Sylvia Express 100+ 1000+ $2.35 3 Anita Enterprises 250+ 2500+ $1.35 3 Smith Trucking 250+ 2500+ $1.00 3 Use Scenario 14.1 to determine the least expensive option if the Onion Shack purchases 480,000 bags of Vidalia onions…
Scenario 14.1 — Vidalia OnionsWhen Vidalia onions are ready, the entire 13 county (plus parts of seven other counties) area in Georgia where they are grown is devoted to the harvest, packaging and shipping of this delicacy. The Onion Shack currently purchases 120,000 bags of onions each year at a price of $100 per bag (a bag is ten pounds). Onion Shack has historically purchased in lots of 3000 bags. Transit time and capacity vary as indicated in the table (lead time is 2 days more than transit time). The safety inventory that Onion Shack requires is 30% of lead time demand and the holding cost for a bag is 15% of cost. Carrier Quantity Shipped (cwt) Quantity shipped (bags) Shipping cost ($/cwt) Transit time (days) Mashburn Rail 200+ 2000+ $2.10 5 Sylvia Express 100+ 1000+ $2.35 3 Anita Enterprises 250+ 2500+ $1.35 3 Smith Trucking 250+ 2500+ $1.00 3 Use Scenario 14.1 to determine the safety inventory of the Anita Enterprises option if the Onion Shack purchases 240,000…
Describe two concepts for ab automated transportation and/or delivery that would replace a manned system.