+1-415-315-9853

info@mywordsolution.com

Management Studies

 Management Theories Operation Management HR Management Project Management Business Management Operation Research Marketing Management Strategic Management Management Information System

Provide your answers in an excel file using a separate sheet for each problem.

Problem 1: Demand Forecasting

Company A produces products P1 and P2. Historically, demand for P1 peaks in the summer months, while demand for P2 peaks in the fall months. Based on historical trends, demand is expected to grow until 2012, after which it is expected to plateau. Using the historical data provided below, select the appropriate forecasting method and forecast the demand for the years 2010 to 2012.

Problem 2: Aggregate Planning

You are the facility production planning manager for Company A. Your problem is to determine a 3-year aggregate production plan (planning horizon is from Quarter I of 2010 to Quarter IV of 2012). The company produces two products, P1 and P2. Your team has provided to you a 3-year production plan.

Furthermore, it has gathered various data for the production, possible subcontracting options, labor costs, inventory handling costs, material costs and others. In particular, the production floor consists of 9 machines. Each machine can produce 4 items (either P1 or P2) per hour. The fixed cost for operating a machine is 200\$ per quarter, and requires for its operation 4 workers. The material and variable production cost per unit is 20\$. The initial starting inventory at the beginning of the planning horizon is 500, and the inventory holding cost is 2\$ per unit at the end of each quarter. The marginal cost of stock out is 4\$ per unit per quarter, and it is assumed that backlogged orders are fully fulfilled at the beginning of the next quarter. The hiring and training cost for each worker is 300\$ and the layoff cost is 500\$ per worker. Each worker cost 4\$ per hour, and the current workforce is 20 (beginning of the first quarter of 2010) . On the other hand, the production facility operates 20 days per month, and the regular working hours are 8 hours per day. Finally, there is also available with no limitations a subcontracting option for the production that comes with a cost of 24\$ per unit. The table below summarizes part of the above data.

The goal of the aggregate planning is to determine the production and subcontracted quantities per quarter, the inventory held and Backlog/stockout quantities per quarter, the number of workers and the number machines used per quarter such that the overall cost is minimized and the available inventory at quarter IV of 2012 is 500 units.

Problem 3: DecisionTrees

Moon micro is a small manufacturer of servers that currently builds its entire production in Santa Clara, California. As the market for servers has grown dramatically, the Santa Clara plant has reached it capacity of 10,000 servers per year. Moon is considering 2 options to increase capacity. The first option is to add 10.000 units of capacity to the Santa Clara plant at a fixed annualized cost of \$10,000,000 plus \$500 labor per server. The second option is to have Molectron, an independent assembler, manufacture servers for Moon at a cost of \$2000 for each server, excluding raw materials cost. Raw materials cost \$8000 per server, and Moon sells each server for \$15000.

The demand for Moon’s servers is has a 80% chance of increasing 50% and a 20% chance of remaining the same as the year before. Determine whether Moon should add capacity to its Santa Clara plant or it should outsource to Molectron.

Problem 4: Network Design

Blue Computers, a major PC manufacturer in the US, currently has plants in Kentucky and Pennsylvania. The Kentucky plant has a capacity of 1 million units per year, and the Pennsylvania plant has a capacity of 1.5 million units per year. The firm divides the US into 5 markets: Northeast, Southeast, Midwest, South and West. Each PC sells for \$1000. The firm anticipates a 50% growth in demand (in each region) this year (after demand will stabilize) and wants to build a plant with a capacity of 1.5 million units per year to accommodate the growth. Potential sites being considered are in North Carolina and California. Currently the firm pays federal, state and local taxes on the income from the plant. Federal taxes are 20% of income, and all state and local taxes are 7% of income in each state. North Carolina has offered to reduce taxes for the next 3 years from 7% to 2%. Blue Computers would like to take the tax break in consideration when planning its network. Consider income over the next 3 years in your analysis. Assume that all costs remain unchanged over 3 years. Annual fixed costs, production and shipping costs per unit, and current regional demand (before the 50 percent growth) are shown below.

How should the network be structured setting as objective to maximize after tax profits?

Management Theories, Management Studies

• Category:- Management Theories
• Reference No.:- M92347

Have any Question?

Related Questions in Management Theories

Questions1 what would be the results of an effective

Questions: 1. What would be the results of an effective security investment? How would you measure that? 2. What role should the public play in risk management? 3. What role does a risk communication strategy play in ris ...

Discussion question - five bases of powerconduct research

Discussion Question - Five Bases of Power Conduct research on French and Raven's five bases of power, which include coercive, legitimate, reward, referent, and expert power. For the first part of your post, choose five l ...

For a policy to have any effect what must happen after it

For a policy to have any effect, what must happen after it is approved by management? What are some ways to accomplish this? Is policy considered static or dynamic? Which factors might determine this status? List and des ...

1 what are the practices that can be learnt from the

1) What are the practices that can be learnt from the theories and actual implementation of Green supply chain in Small Medium Enterprise (SME)? 2) What are the advantages and disadvantages for SME to implement Greer, Su ...

Todays workforce is diverse in terms of age and other

Today's workforce is diverse in terms of age and other aspects that influence performance and success. Leaders must both motivate and support employees so that they can continuously adapt to change while creating opportu ...

1 what is coso and why is it important search the internet

1. What is COSO, and why is it important? Search the Internet for the term "Treadway Commission." What was the Treadway Commission, and what is its major legacy in the field of InfoSec? 2. Search the Internet for the ter ...

Business marketing discusion 150 wordssupply chain

Business Marketing Discusion (150 words) Supply Chain Management • Supply chain management is instrumental as it pertains to marketing as marketing plays a key role in integrating supply chain processes and promoting col ...

Analysis and synthesis of prior research paperprepare an

Analysis and Synthesis of Prior Research Paper Prepare an academic paper (5-7 pages not including cover page or references) in APA format containing analysis and synthesis of prior research, which will be posted to the G ...

Assume that management desires to achieve the mexican

Assume that management desires to achieve the Mexican break-even point: however, operations will remain in the United States. If variable costs remain constant, what must management do to fixed costs? By how much must fi ...

In 2000 words summarise and analyse at least 6 scholarly

In 2000 words, summarise and analyse at least 6 scholarly sources on the topic of CSR and the Ecological Environment. The Literature Review should be based on scholarly articles written on the topic between 2008 and 2016 ...

• 13,132 Experts

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen