Reference no: EM13190481
In 2009 it was decided that ABC Tire Company would implement a BPM project with the goal to decrease the manufacturing cost per tire and increase revenue from each tire sold.
To track the success (or failure) of the project they determined the following baseline data for 2009.
Total # of Tires Sold 24,594
Materials Cost Per Tires $23.21
Labor Cost Per Tire $ 11.67
Average Retail Price Per Tire $ 119.00
Average Profit Per Tire $ 84.12
After implementing the BPM project ABC Tire Company reviewed the value of the project after a year and identified the following information
Total # of Tires Sold 27.669
Total Materials Cost $672,080.32
Total Labor Cost $ 303,280.56
Average Retail Price Per Tire $121.13
Using the data provided above calculate and provide
( 1) Materials Cost Per Tire (2) Labor Cost Per Tire (3) Average Profit Per Tire (4) % Increase or Decrease in Materials cost Per Tire (5) % Increase or Decrease in Labor cost Per Tire (6) % Increase or Decrease in Average Profit Per Tire
Address the following questions:
Why is it important to ensure baseline data is accurate?
Was the project successful?
|
What is the expected number of batters with an average
: The mean batting average in a certain baseball league is about 0.210. Supposing that batting averages are normally distributed, that the standard deviation in the averages is 0.08, and that there are 210 batters, what is the expected number of bat..
|
|
Explain what each means in terms of the sand dune
: Using units, explain what each means in terms of the sand dune.
|
|
What amount of water-soluble boron available
: Many factors influence a plant's uptake of boron from the soil, but one key factor is soil type. One experiment† compared plant content C of boron, in parts per million, with the amount B, in parts per million, of water-soluble boron in the soil.
|
|
Drawn about the frequency of compounding interest
: Answer the following: Assume you have a choice between two annuity contracts. Contract A pays $5,000 per year for 5 years starting one year from today. Contract B pays $5,000 per year for 5 years starting today. The discount rate for each is 6%. W..
|
|
Define was the project successful
: ( 1) Materials Cost Per Tire (2) Labor Cost Per Tire (3) Average Profit Per Tire (4) % Increase or Decrease in Materials cost Per Tire (5) % Increase or Decrease in Labor cost Per Tire (6) % Increase or Decrease in Average Profit Per ..
|
|
Which series did you use for the limit comparison test
: Determine, using the limit comparison test, whether the series with terms (n^4 + 3n)/(5n^3 + 9) converges or diverges. Which series did you use for the limit comparison test.
|
|
Write the following statements as integers
: Write the following statements as integers.
|
|
Pros and cons of ga based algorithm
: Pros and Cons of this algorithm - example and then show each step of the GA based algorithm numerically.
|
|
Find the work required to empty the tank over the rim
: Find the work required to empty the tank over the rim.
|