one production facility will usually be favored when

What are good basic ethics strategies for an organization to be productive? Its effective capacity, however, is 61 repairs per day, and its actual output is 59 repairs per day. What is the probab A manufacturing shop is designed to operate most efficiently at an output of 950 units per day. End of preview Want to read all 25 pages? OC) cell layout OD) job shop OE) work team. B) normal economic performance. It has received a huge order to supply water for a five-day convention that is taking place in the city. C. full employment and actual employment. - Another consideration is the notion of the minimum efficient scale and its comparison to demand. c) are low in proportion to variable costs in the short run. When a firm buys goods and services, it is relying upon suppliers on important dimensions such as quality, delivery, and cost; the profits that the company could earn by producing the goods and services in-house now go to the suppliers; Buying may also tip the balance of power in favor of suppliers. 2. Always Rain Irrigation Inc., would like to determine capacity requirements for the next four years. hmoyes. Explain how a restaurant could use this information in attempting to appeal to the student market. 4. When the capacity of an organization to produce goods or services and the demands of its customers to purchase goods or services is not matched, then the result is inefficiency, either in under-ut AlwaysRain Imgation Inc. would like to determine capacity requirements for the next four years. (b) Give an example. collection of computer hardware and software arranged to transmit information from one place to another, the linking of separate networks into an interconnected network, where each network retains its own identity, Enterprise resource planning (ERP) systems, software packages designed to integrate the majority of a firm's business processes, execute all transactions related to the firm's business processes being integrated, store each piece of data only once in an enterprise-wide database, allow access to data and information in real time, and operate in a client-server environment, traditional or web-based, - store all info in a single database c. service is less profitable than manufacturing. - "internal suppliers" may not have the incentive to improve their product since they do not face competition. This firm is producing in the short run (remember that, A firm's production function is y=100KL where y is the output level, K is the level of capital and L is the level of labour. A) facilitating the achievement of the competitive plan of th Indicate whether the statement is true or false. sinks per day ? Your grandfather is retired and has taken out a large mortgage against his home to support his lifestyle. the integration and coordination of global supply chains would not be possible without information technologies such as the Internet and enterprise resource planning systems. 11.One production facility will usually be favored when a. b. demand is higher than the minimum efficient scale. e. a company is extremely profitable. the management of all activities in the supply chain, in order to minimize the total cost of the supply chain, and to maximize the value of the product to the end user; Supply-chain management has become a new source of competitive advantage. chpt 13. Some water may also be lost to evaporation. Simplifies the production process the point at which unit costs stabilize; When demand is equal or lower than the minimum efficient scale, one production facility location is preferred. Find the firm's short-run cost function, if Ki is fixed at $100,000. Firm does not need to learn a new business b. The majority of electricity generation in the United States today is coordinated by regional system operators to ensure reliability. Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. - One consideration for the one-versus-many production facilities decision is fixed costs. Large international firms deal in considerable volumes of goods and often must obtain a(n) _____ from a group of banks known as a syndicate.. a.call option b.commercial loan c.open account, What is chapter 7 about? Long-range capacity planning should be the responsibility of: a. analysts b. middle management c. top management d. marketing management. At 24 years old Dominy helped build, 1. XYZ Corporation operates in a market that produces a homogeneous good. If capacity is set at 25 million tons, how much of a capacity cushion is there? - the firm would incur both fixed and variable costs, while when buying, the firm will only incur variable costs. True or false? Most activities in operations management can be grouped into four business functions: - procurement An area in a production facility consisting of one or more workers and machines with similar capabibies that can be considered one unit for the purpose of scheduling is a: OA) work centre. 5. infrastructure that the country offers ie seaports, airports, roads, electricity, and water access There is one machine at each step of the process and this is a machine-paced process. Using appropriate strategy framework(s) to graphically represent your answer and support your detailed argument: Carry out an Industry Analysis of the retail food sector in South Africa. a) The firm is currently producing 100 units of output. The Dahlia Medical Center has 33 labor rooms,15 combination labor and delivery rooms, and 22 delivery rooms. The company did not maintain any inventories, so total cos, Imagine comparing a manufacturing operation using regular lot-sizing and the same operation with a kanban/lean production approach. The operation has a design capacity of 11 lo Identify four potential unethical actions or inactions related to capacity planning, and the ethical principle it violates. Motor X sells for $2,500 and has an efficiency rating of 9 Amy Xia's plant is designed to produce 7,000 hammers per day but is limited to making 5,600 hammers per day because of the time needed to change equipment between styles of hammers. AssetsLiabilitiesBeginningoftheyear$60,000$20,000Endoftheyear105,00036,000\begin{matrix} The vast majority of the electricity that Americans use is from centralized generation. 40% b. e. is, Montegut Manufacturing produces a product for which the annual demand is 10,000 units. Some impacts vary based on the energy resourcefor example, whether the power plant uses fossil fuel or a renewable resource. c. the price a person pays to own that factor of production indefinitely. Now what? A surface production facility is the system in charge of the separation of the well stream fluids into their three single-phase componentsoil, gas, and waterand of their transport and processing into marketable products and/or their disposal in an environmentally acceptable manner. Explain the distinction, A firm produces output y using two factors of production (inputs), labour L and capital K. The firm's production function is f(L,K) = 1 2 ln(L) + 1 2 ln(K). Determine the term being described or defined by the following statement: The amount of production possible under ideal conditions with no time for maintenance, breakdowns, or absenteeism. What are the mi For the next six months, Kurtz Company projects the following information (in units). Maximizes flexibility by allocating orders among the suppliers in a dynamic way 1. 1) The company has valid alternatives for copper growth within its current portfolio such as Resolution and Winu mines (which we believe are not yet properly valued by Wall Street), 2) Rio. d. the pri A hospital has 30 labor rooms, 15 combination labor and delivery rooms, 3 delivery rooms, and 1 special delivery room reserved for complicated births. The average safety capacity of Scorla Corp. is ____. What is the nursery's full capacity level of sales? Buying from suppliers could tempt suppliers into becoming direct competitors d. 1.00. b) based on distances. 5. secures the supply source =___? - cost; knowledge of the product may provide efficiency advantages over potential suppliers; A closely-related advantage of in-house production is cost control The replenishment level you have chosen is 50 backpacks. In 1 week, a work center produces 75 standard hours of work. Explore capacities and facilities planning, the importance of planning, and a deeper look at facility planning. The East Midvale Textile Company produces denim and brushed-cotton cloth. Variable manufacturing overhead should be $3. Suppose that the president has decided to increase government spending by building more libraries. Which one of the following factors usually motivates a smaller capacity cushion? What is the maximum sales growth rate North could achieve bef A long line is observed at airport security. How soon can it be delivered? 2. Location of Production Facilities for Components and Raw Materials. chantyreys. - The best run companies usually have the best supply chain. Total ove. A furnace repair team services an average of 10 furnaces a day. Your father, who grew up in the home, wants to take out life insurance on your grandfather to pay off the mortgage rather than let the loan company take the property when your grandfather dies. Store each piece of data only once in an enterprise-wide database Compute the capacity in parts per hour of the following: A. c. delivery times. Assume capital is not a fixed cost. However, its fixed assets were used at only 75% of capacity. One production facility will usually be favored when _______. Explain the criteria for aggregate capacity planning, including a diagram. C&A makes two types of products using four machines from 9 a.m. to 5 p.m. each day. Suppose the firm can hire at a wage of $40 per hour and output can be sold at $10 per unit. The comparison of the expected cost of production against the actual cost of production typically occurs in the A. investment center. You decide to start a company that makes and sells backpacks. A person of integrity has two essential characteristics: (1) knowledge about what morally constitutes the right thing to do and (2) _____ the courage to do what is right. c. unemployment is very low. personality psychology midterm 2. Profits earned by producing goods and services in-house will go instead to suppliers Software packages designed, To integrate the majority of a firm's business processes Explain the process of aggregate capacity planning in service businesses. It is usually a good idea to keep capacity planning separate from product and service design so that the issues in each area don't become intertwined. b. Determine the profit-maximizing levels of labor, In the end, firms allocate scarce resources toward the production of goods and services most valued by society because: a) the opportunity costs of not producing those goods become too high. Item B is a component part of Item A which is a finished product ready for retail sales. Week 1 2 3 4 5 6 MP Southern Mfg., Inc., is currently operating at only 78 percent of fixed asset capacity. All rights reserved. Calculate the max 1. b. Practical capacity | A computer repair service has a design capacity of 80 repairs per day. - design the system as a collection of business processes and not functions, a property of ERP systems to simultaneously operate in multiple languages, a property of ERP systems to handle the accounting standards of multiple countries, a property of ERP systems to handle multiple currencies, Fundamentals of Financial Management, Concise Edition, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. These power plants are subject to economic, reliability, and environmental regulations by federal, tribal, state, and/or local governments. The idea behind preventive maintenance is that the worst condition a machine should ever be in is on the day it is purchased. The office equipment is sold for only $4,000. The shutdown point is when: A) A firm can no longer pay its debts. Avoids the business risks that suppliers are taking The average daily demand for the products is: Corn Flakes: 995 CS. b. its marginal revenue is less than $9. Which of the following is (are) true about capacity cushion? Product A visits machines 1, 2, and 4. Setup cost is $200.00. its costs are C(x,y,z) = 3200 + 0.4x + 0,2y + 8y^2 + 0.8z . In small countries, or in municipalities where landfills are full and . The actual output is 36 engines per day. True or false? A firm that earns its cost of capital is said to be earning A) above normal economic performance. \\ b) A c Material delays have routinely limited production of household sinks to 480 units per day. All other trademarks and copyrights are the property of their respective owners. d. strategy. This imitation illustrates: a. invention. He did some research and knows that the average price of gas in Spain is approximately 1.21 euros per liter. - the firm may not be able to gain the economies of scale that can be gained by a large supplier The price of labor is $10,the price of capital is $2, and at A, the marginal products of labor and capital are both equal to 2, As the volume of production in a firm increases, the average cost per unit decreases until some optimal volume of production is reached, after which the average costs per unit of production begin to rise because of diseconomies of scale. A computer repair service has a design capacity of 80 repairs per day. -most of the activities can be grouped into 4 business functions Decision . the price of labor input) and r is, 1. The process currently is: a) Capacity constrained b) Demand constrained c) Unconstrained d) Linearly constrained. Execute all transactions related to the firm's business processes being integrated A cost minimizing firm has the following production function for its product. As an end-to-end biomanufacturing facility, the Biologics Manufacturing Centre has the capacity to complete the entire vaccine production process - from producing the antigen that causes an immune response, to filling vials and getting them ready for shipping to their final destination. $148,148 B. A) Expected capacity B) Effective capacity C) Projected capacity D) Extended capacity. d. the price r, A firm manufactures a product according to the production function: . One production facility will usually be favored when a. a company is extremely profitable. C) Price is below minimum average total costs. Capacity planning applies only to manufacturing companies. 100,000 shares are maintained as treasury stock and 1,400,000 shares are currently in circulation. To increase $693,000 in Write the formula for lead(II) chlorite. A firm wants to minimize the total cost of producing 100 tons of dynamite. Let the cost function c (w, r, y) of a firm give the minimum cost of producing y units of output using labor input, L, and capital input, K, when w is the wage (i.e. No need to invest the money that is associated with making Capacity Factor, Consider an apparel company in business of Fast Fashion (frequently changing trendy clothes). The FIRST basic step in ethical decision-making is to= define all the facts and circumstances 3. You have two plants: one in CO and the other in SC. The wage rate in this area is w = $15, and the cost of capital is r = .05. a. 2. production A) Accounts payable and accruals are tied directly to sales. when components and raw materials are produced in-house and purchased from suppliers, - primary disadvantage of making is that it requires the company to have expertise in the production of the component or raw materials Which of the following would be one of his responsibilities? Its income statement and division of costs for 2014 are given in the following table. Make a list of 10 to 20 use situations important to campus area restaurants. This strategy also changes the organizational structures of companies. Consider a four-step serial process with processing times given in the list below. The machines operate on two 8-hour shifts. Determine the monthly breakeven volume. What is the measured capacity of the work center? Discuss the challenges that company management faces with defining and managing capacity. If the plant efficiency is 75?%, then its effective capacity? product (or assembly-line) layout - Another location consideration is the infrastructure that the country offers. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. when a firm has been making goods and services in-house, and then decides to buy these goods and services from suppliers, when the firm doing the outsourcing and the supplier that will provide the outsourced goods and services are located in the same country, when the firm doing the outsourcing and the supplier that will provide the outsourced goods and services are located in different countries; also called offshoring, when a firm and the supplier are located in different countries, a company that only completes product design and outsources all other production process functions, when the firm has been buying goods and services from suppliers, and then decides to make these goods and services in-house. All rooms operate around the clock. 5. a) What design capacity would be needed to achieve an actual output o Our company's manufacturing facility uses work cells. Determine the term being described or defined by the following statement: The difference between resources used and resources supplied. E) Output falls below minimum marginal costs. The bank has 3 tellers and on average, it takes 2 minutes to service a customer. Excess capacity arises when firms cannot sell all of their output at the current market price. Fixed costs of production in the short run a) cannot be reduced by producing less output. Some wastes contain hazardous substances. In a job shop, effective capacity is only 45 percent of design capacity, and actual output is 63 percent of effective output. In a job shop, effective capacity is only 62 percent of design capacity, and actual capacity is 74 percent of effective output. Systematic capacity planning includes the following steps except: a. estimating future capacity requirements. Fill in the blank. It follows that the: A. production of the 100th unit of output increases the firm's profit by $3. An official website of the United States government. Marketing. Its effective capacity, however, is 64 repairs per day, and its actual output is 62 repairs per day. |Number. Three sub-facilities On a given Dallas-Newark flight, there are 220 seats. Sets stage for offsets through direct procurement purchasing in and indirect support of local markets 20 terms. b. A. increasing production lowers the average cost of each unit produced B. increasing production increases the average cost of each unit produced C. decreasing production lowers the average cost of each unit produc, For the current period, Kayenta Company's manufacturing operations yield a $4,000 unfavorable price variance on its direct materials usage. While most of its products are processed independently, a few are related. What was their capacity utilization rate last month? c. goods have a low value-to-weight ratio. What about eCommerce? Major consulting companies around the world have developed global supply-chain management consulting practices. Currently two production lines are in place for making bronze and plastic sprinklers. Standard hours per unit of output 6.4 hours Standard variable overhead. In light of the statement, explain why capacity planning decision is important. Below are the transaction records for eight weeks to item. If the price of capital is $120 per day and the price of labor is $30 per day, what is the minimum cost of producing 1000 units of output? Fedex was originally designed to deliver time sensitive documents. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. In addition to the impacts from power generation, there are also impacts associated with extracting, producing, and transporting certain fuels such as coal and natural gas. 7. financial considerations The cost of a unit of labor is $80 and the cost of a unit of capital is $20. The Best Beer Corporation has a beer-processing facility in Columbus, Ohio. The consumer price index in an economy is 180 one year and 189 the next year. What scale of production minimises ray average costs if. The firm's production function for gadgets, X, depends on the amounts of capital (K), and labor (L) employed: X = 56K + 8.8L - 2K2 - 0.1L2. The best time standard applied historical A computer service has a design capacity of 104 repairs per day. c) p. The Moody Company produced three joint products at a joint cost of $117,000. A company produces an item. Determine the utilization and the efficiency for each of these situations: a. The labor standard is 100 items/FTE. a. B. production of the 100th unit, For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $7. The [{Blank}] is the maximum capacity at which a facility can run under ideal conditions. A low price leader would typically have: higher initial engineering and design costs higher worker skills and complex scheduling flexible production and extra capacity high volume with little or no variation, standardized work. What was Dominy's first major in college and why did he drop out? In the past month the plant averaged 690 units per day. Two of these products were processed further. Concerns regarding the visibility of all aspects of supply chains and the traceability of materials along supply chains were focused upon. 5 percent. According to conversations with its investment bankers, the firm will receive$60 per share from the sale of new common stock. Expert Answer when the Machine A Machine B Capital investment $20,000 $30,000 Best Bicycles manufactures three different types of bikes: the Tiny Tike, the Adult Aero, and the Mountain Monger. Air pollution from burning fuel often includes carbon dioxide, sulfur dioxide, nitrogen oxides, mercury, and particulate matter. the system that businesses use to produce products, a production system in which goods dominate the value of the product, a production system in which services dominate the value of the product, suppliers > inputs > production process > outputs > customers, goods and services that integrate a product, the management of the direct resources that are involved in the production system of a business organization, When all production system direct resources of a firm originate from and reside in only one country, When one or more of the production system direct resources originate from or are located in more than one country. Centralized generation facilities include fossil-fuel-fired power plants, nuclear power plants, hydroelectric dams, wind farms, and more. The company's targets are high, and they are able to generate substantial profits. The standard quantity requ, Supose the marginal product of labor is currently equal to its average product. Under what conditions would Zona Co.'s subsidiary consider using a leading strategy to reduce transaction exposure? a) A long rectangular sheet of metal 12 in wide is to be made into a trough by turning up two sides to form right angles. State true or false and justify your answer: For a food-processing plant such as Kraft Foods, capacity refers to the number of employees working on an assembly line. The Besnier Company had $250 million of sales last year, and it had $75 million of fixed assets that were being operated at 80% of capacity. Input purchase costs are lower due to economies of scale and lower costs achieved by global sellers of components, 1. A doctor's office charges no-show patients $30 if they do not cancel their appointment 24 hours prior to the appointment. A value equal to the capacity. b. A foreign wholesaler offers to purchase 2,000 scales at $15 each. Define the following term. How reliable is the delivery? A standard work year is 2000 hours at the Luther Mill and it takes about an hour and a half to fill a customer order. Create an account to browse all assetstoday. If the price of capital is $120 per day and the price of labor is $30 per day, what is the minimum cost of producing 1000 units of output? The beer facility has a system efficiency of 90 percent, and the utilization is 80 percent. Current sales are $640,000. b. See Answer You also know that the wage rate for w, Depreciation on Abel Manufacturing Company's factory machinery is classified as which of the following? a. Mariana_Joves. 1. procurement One production facility will usually be favored when _____. The tariffs prevailing in this industry are currently low. The longest task is 2.4 minutes, and the total time for all tasks is 18 minutes. 20 terms. The manager would like to What are normal capacity, practical capacity, and theoretical capacity? The following standards for variable manufacturing overhead have been established for a company that makes only one product. Identify four potential unethical actions or inactions related to capacity planning, and the ethical principle each violates. a) most expensive resource b) least expensive resource c) non bottleneck d) bottleneck. Mushroom production represents one of the best examples in agriculture where pests can be controlled without the use of chemicals. Each backpack has a gross profit of $40, a holding cost of $10, and a shortage cost of $15. After evaluating Null Company's manufacturing process, management decides to establish standards of 2 hours of direct labor per unit of product and $15.70 per hour for the labor rate. b. identifying capacity gaps. C) A large and growth-oriented corporation has more clout and influence. In a job shop, effective capacity is only 72% of design capacity and actual output is 84% of effective output. Physical, as in manufacturing b. Locational, as in transportation c. Informational, as in consulting d. Physiological, as in health care e. Exchange, as in retailing f. Storage, as in warehousing 6. 3. - any problems global businesses face are due to scandals regarding their products originated in substandard supply chains, because some companies in the supply chain could not trace back to suppliers the faulty components in the defective products. The company has a lower specification limit of 23 mm and an upper specification limit of 23.6 mm. What is its utilization if it processes an average of 46 loans per day? The best-run firms usually have the best supply chain, in that superior supply-chain management: Drives standardization and centralization View full document Select all that apply: (I) The master production schedule, (II) Routing information, (III) Current shop loads, (IV) Pla A work center consisting of 3 machines operates 40 hours a week. c. demand is higher than the minimum efficient scale. Determine the utilization and the efficiency for each of these situations: a. A .gov website belongs to an official government organization in the United States. All rights reserved. b. Finally, political considerations such as social stability, form of government and public attitudes toward foreign investment are all important in the location decision. Job costing b. However, it has an absolute maximum output capability of 30,000 units per month, and can produce as li. - The best run companies usually have the best supply chain. What are the disadvantages? View an interactive version of this diagram >>. a) What is the Economic Prod, Consider a product with a daily demand of 400 units, a setup cost per production run of $100. The Best Beer Corporation has a beer-processing facility located in Columbus, Ohio. This situation exemplifies overpayment inequ Capacity requirements planning helps managers reconcile [{Blank}] with [{Blank}]. At the beginning of the year, budgeted (estimated) manufacturing overhead costs totaled $400,000, budg, A firm whose price is below its average cost: a. is earning positive economic profit. Access the answers to hundreds of Capacity planning questions that are explained in a way that's easy for you to understand. WGU_FVC1_Ch13_Global Operations and Supply-Ch 105 terms. A forecasted increase in mental prices has encouraged the Delta Resource Company to consider the expansion of the capacity in one of its open pit mine operations in Nothern Ontario. How well can customers have needs satisfied? Market Penetration iii. Which of the following is not one of them? The Best Beer Corporation has a beer-processing facility located in Columbus, Ohio. A production system in which goods dominate the value of the product Students also viewed. Amy Xia's plant is designed to produce 7,000 hammers per day but is limited to making 6,300 hammers per day because of the time needed to change equipment between styles of hammers. a. 3. more control over deliveries The process of assessing a company's ability to produce enough output to satisfy market demand is called capacity planning. AlwaysRain Irrigation, Inc., would like to determine capacity requirements for the next four years. Explain the distinction, A cost minimizing firm has the following production function for its product. When capacity is inadequate, customers can be lost. c. the average fixed cost will be lost, The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. Step 1: 26 minutes per unit An assembly line with 17 tasks is to be balanced. C&A clinic has a design capacity of 60 patients per hour and an effective capacity of 40 patients per hour. advantages and disadvantages of horse riding, phasmophobia update april, celebrity cruises health questionnaire,

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