Reference no: EM13982931
1) Mr. Meadows Cookie Company makes a variety of chocolate chip cookies in the plant in Albion, Michigan. Based on orders received and forecasts of buying habits, it is estimated that the demand for the next four months is 850, 1260, 510 and 980, expressed in thousands of cookies. During a 46-day period when there were 120 workers, the company produced 1.7 million cookies. Assume that the number of workdays over the four months are respectively 26, 24, 20 and 16. There are currently 100 workers employed, and there is no starting inventory of cookies.
a) What is the minimum constant workforce required to meet demand over the next four months?
b) Assume that CI= 10 cents per cookie per month, CH =$100, and Cf = $200. Evaluate the cost of the plan derived in part (a).
2) A local firm manufactures children's toys. The projected demand over the next four months for one particular model of toy robot is:
month
|
Work days
|
Forecasted demand(in agg units)
|
july
|
23
|
3,825
|
aug
|
16
|
7,245
|
sep
|
20
|
2770
|
oct
|
22
|
4440
|
Assume that a normal work day is eight hours. Hiring costs are $350 per worker and firing costs (including severe pay) are $850 per worker. Holding costs are $4.00 per aggregate unit held per month. Assume that it requires an average of 1 hour and 40 minutes for one worker to assemble one toy. Shortages are not permitted. Assume that the ending inventory for June was 600 of these toys and the manager wishes to have at least 800 units on hand at the end of October. Assume that the current workforce level is 35 workers. Find the optimal plan by formulating as a linear program.
Constitute a statistical or a nonstatistical sample
: You then sort by the random numbers in ascending order. Finally, you take the first 50 sorted employees as your sample. Does this approach constitute a statistical or a nonstatistical sample?
|
Determine the president approval rating
: Give the name of the kind of sampling that was most likely used in each of the following cases: a Wall Street Journal poll of 2,000 people to determine the president's approval rating
|
Find some research/statistics about media''s impact
: Find some research/statistics about media's impact on society. There are many areas to consider, so choose an area you believe has a significant impact. (examples: advertising, movies, television, video games, social media, etc.)Summarize the researc..
|
Problem regarding the systematic random sampling
: A company has 18,000 employees. The file containing the names is ordered by employee number from 1 to 18,000. If a sample of 100 employees is to be selected from the 18,000 using systematic random sampling, within what range of employee numbers wi..
|
What is the minimum constant workforce
: Mr. Meadows Cookie Company makes a variety of chocolate chip cookies in the plant in Albion, Michigan. Based on orders received and forecasts of buying habits,What is the minimum constant workforce required to meet demand over the next four months
|
Problem regarding the types of bias
: According to a national CNN/USA/Gallup survey of 1,025 adults, conducted March 14-16, 2008, 63% say they have experienced a hardship because of rising gasoline prices. How do you believe the survey was conducted and what types of bias could occur ..
|
What is a cash budget how is it calculated
: What is a cash budget, how is it calculated, and how might it be used when a firm is negotiating a loan from a bank?
|
What is the initial wavelength of the light
: What is the initial wavelength of the light? When you go a few pages back in the textbook you can find out the temperature of a physical object radiating at that wavelength
|
Epidemiology of parkinson disease prevalence
: Write on epidemiology of Parkinson disease prevalence and incidence with figures and table to illustrate them,
|