An operations manager must decide the amount of spare parts for an electronic product. Manufacturing each...
An operations manager must decide the amount of spare parts for an electronic product. Manufacturing each part requires processing on two machines, with the following processing times (in hours.)
|
Part |
|
Machine |
A |
B |
C |
|
1 |
0.02 |
0.03 |
0.05 |
|
2 |
0.05 |
0.02 |
0.04 |
Each machine is available 40 hours per month, and each part
manufactured will yield a unit profit as follows:
|
Part |
|
A |
B |
C |
|
|
Profit |
$50 |
$40 |
$30 |
If at most 50% of all produced parts can be Product B, which of the
followings is correct?
Homework Answers
Add Answer to:
An operations manager must decide the amount of spare parts for
an electronic product. Manufacturing each...
Paragraph 1. A manager must decide which type of machine to buy, A, B, or C....
Paragraph 1. A manager must decide which type of machine to buy, A, B, or C. Machine costs are as follows: Machine Cost $50,000 $40,000 C $90,000 Product forecasts and processing times on the machines are as follows: PROCESSING TIME PER UNIT minutes Annual Product Demand 18,000 14,000 8,000 32,000 Assume that only purchasing costs are being considered. Which machine would have the lowest total cost, and how many of that machine would be needed? Machines operate 10 hours a...
A manager is going to purchase new processing equipment and must decide on the number of...
A manager is going to purchase new processing equipment and must decide on the number of spare parts to order with the new equipment. The spares cost $170 each, and any unused spares will have an expected salvage value of $40 each. The probability of usage can be described by this distribution: Number 0 1 2 3 Probability .05 .40 .20 .35 If a part fails and a spare is not available, 2 days will be needed to obtain a...
A manager must decide which type of machine to buy, A, B, or C. Machine costs...
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows: Machine A B C Cost $ 50,000 $ 40,000 $ 70,000 Product forecasts and processing times on the machines are as follows: PROCCESSING TIME PER UNIT (minutes) Product HM + Annual Demand 14,000 19,000 12,000 7,000 5 1 1 2 B 3 1 3 6 C 1 3 4 1 a. Assume that only purchasing costs are being...
A manager must decide between two machines. The manager will take into account each machine's operating...
A manager must decide between two machines. The manager will take into account each machine's operating costs and initial costs, and its breakdown and repair times. Machine A has a projected average operating time of 140 hours and a projected average repair time of 7 hours. Projected times for machine B are an average operating time of 69 hours and a repair time of 4 hours. What are the projected availabilities of each machine? (Round your answers to 3 decimal...
A manager must decide which type of machine to buy, A, B, or C. Machine costs...
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows: Machine Cost $40,000 $30,000 $80,000 Product forecasts and processing times on the machines are as follows: PROCCESSING TIME PER UNIT (minutes) Annual Product Demand 16,000 12,000 6.ee 30,000 a. Assume that only purchasing costs are being considered. Compute the total processing time required for each machine type to meet demand, how many of each machine type would be...
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows:...
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows: Machine Cost A $ 60,000 B $ 50,000 C $ 60,000 Product forecasts and processing times on the machines are as follows: PROCCESSING TIME PER UNIT (minutes) Product Annual Demand A B C 1 15,000 2 4 2 2 25,000 6 2 3 3 15,000 3 5 5 4 20,000 3 4 2 a. Assume that only purchasing...
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows:...
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows: Machine Cost A $ 60,000 B $ 50,000 C $ 60,000 Product forecasts and processing times on the machines are as follows: PROCCESSING TIME PER UNIT (minutes) Product Annual Demand A B C 1 15,000 2 4 2 2 25,000 6 2 3 3 15,000 3 5 5 4 20,000 3 4 2 a. Assume that only purchasing...
Problem 13-41 A manager is going to purchase new processing equipment and must decide on the...
Problem 13-41 A manager is going to purchase new processing equipment and must decide on the number of spare parts to order with the new equipment. The spares cost $182 each, and any unused spares will have an expected salvage value of $52 each. The probability of usage can be described by this distribution: Number 0 Probability .05 1 .40 2 .20 3 .35 If a part fails and a spare is not available, 2 days will be needed to...
A factory manufactures two products, each requiring the use of three machines. The first machine can...
A factory manufactures two products, each requiring the use of three machines. The first machine can be used at most 70 hours; the second machine at most 40 hours; and the third machine at most 90 hours. The first product requires 2 hours on machine 1, 1 hour on machine 2, and 1 hour on machine 3; the second product requires 1 hour on machines 1 and 2 and 3 hours on machine 3. The profit is $40 per unit...
Problem 2 Schmidt Industries makes four different snake traps; the Harlan, the Gaylen, the Leah and...
Problem 2 Schmidt Industries makes four different snake traps; the Harlan, the Gaylen, the Leah and the Matthew. The Harlan sells for $200 and has $80 in parts; the Gaylen sells for $150 and requires $60 in parts; the Leah sells for $100 and has $40 in parts; and the Matthew sells for $75 but requires $20 of parts. Schmidt Industries has four machines (we'll call them A, B, C, and D for convenience) that are used in the production...
Paragraph 1. A manager must decide which type of machine to buy, A, B, or C. Machine costs are as follows: Machine Cost $50,000 $40,000 C $90,000 Product forecasts and processing times on the machines are as follows: PROCESSING TIME PER UNIT minutes Annual Product Demand 18,000 14,000 8,000 32,000 Assume that only purchasing costs are being considered. Which machine would have the lowest total cost, and how many of that machine would be needed? Machines operate 10 hours a...
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows: Machine A B C Cost $ 50,000 $ 40,000 $ 70,000 Product forecasts and processing times on the machines are as follows: PROCCESSING TIME PER UNIT (minutes) Product HM + Annual Demand 14,000 19,000 12,000 7,000 5 1 1 2 B 3 1 3 6 C 1 3 4 1 a. Assume that only purchasing costs are being...
A manager must decide between two machines. The manager will take into account each machine's operating costs and initial costs, and its breakdown and repair times. Machine A has a projected average operating time of 140 hours and a projected average repair time of 7 hours. Projected times for machine B are an average operating time of 69 hours and a repair time of 4 hours. What are the projected availabilities of each machine? (Round your answers to 3 decimal...
A manager must decide which type of machine to buy, A, B, or C. Machine costs (per individual machine) are as follows: Machine Cost $40,000 $30,000 $80,000 Product forecasts and processing times on the machines are as follows: PROCCESSING TIME PER UNIT (minutes) Annual Product Demand 16,000 12,000 6.ee 30,000 a. Assume that only purchasing costs are being considered. Compute the total processing time required for each machine type to meet demand, how many of each machine type would be...
Problem 13-41 A manager is going to purchase new processing equipment and must decide on the number of spare parts to order with the new equipment. The spares cost $182 each, and any unused spares will have an expected salvage value of $52 each. The probability of usage can be described by this distribution: Number 0 Probability .05 1 .40 2 .20 3 .35 If a part fails and a spare is not available, 2 days will be needed to...
A factory manufactures two products, each requiring the use of three machines. The first machine can be used at most 70 hours; the second machine at most 40 hours; and the third machine at most 90 hours. The first product requires 2 hours on machine 1, 1 hour on machine 2, and 1 hour on machine 3; the second product requires 1 hour on machines 1 and 2 and 3 hours on machine 3. The profit is $40 per unit...
Problem 2 Schmidt Industries makes four different snake traps; the Harlan, the Gaylen, the Leah and the Matthew. The Harlan sells for $200 and has $80 in parts; the Gaylen sells for $150 and requires $60 in parts; the Leah sells for $100 and has $40 in parts; and the Matthew sells for $75 but requires $20 of parts. Schmidt Industries has four machines (we'll call them A, B, C, and D for convenience) that are used in the production...
Most questions answered within 3 hours.
-
What is the maximum number of edges that a graph on 7 vertices can
have if...
asked 21 minutes ago -
Question 05
(a) i) What are the three type of general defects in welding?
ii) Explain...
asked 5 minutes ago -
If the wage rate increases from $12 to $16 and, as a result, the
quantity demanded...
asked 11 minutes ago -
the slime layer external to the prokaryotic cell wall is called
the ?
asked 19 minutes ago -
Cheyenne Company must decide whether to make or buy some of its
components. The costs of...
asked 22 minutes ago -
What is the entropy change for mixing 1 liter of a monoatomic
ideal gas (call it...
asked 20 minutes ago -
A company that has 150 employees chooses a committee of 11 to
represent employee retirement issues....
asked 41 minutes ago -
the
force between two 2.11 x 10^-4 C charges that are 2.11 meters apart
is ______N?
asked 56 minutes ago -
A truck of mass m slows from speed v0 to speed v in a
time t....
asked 42 minutes ago -
A 60kg box rests on a floor with a coefficient of kinetic
friction of 0.600 and...
asked 40 minutes ago -
if you cut off ANS innervation what would happen to the heart
rate?
asked 40 minutes ago -
What is the output of the below code?
var color = "yellow";
var colorObject = {...
asked 40 minutes ago