Home Insert Page Layout References *Cut En Copy Paste Format Painter Clipboard Page: 1 of 4 Words: 581 Mailings Review View 12 Times New Roman BIU abe x, x Aa Font formula sheet [Compatibility Mode] - Microsoft Word AaBbCcDc AaBbC AaBbC AaBbCcDc AaBbCcDd AaBbCcI AaBb( AaBbCcDc A Find ab Replace Emphasis Heading 1 T Heading 4 Normal Strong Subtitle Title 1 No Spaci... Change Styles Select Paragraph Styles Editing VI DACCE MU LAMM MGT606 - Operations Management 1. Efficiency-Actual output/Effective capacity 2. RB (AR) Productivity - Output/Input Order amount (Q) - T-QOH - Back orders 3. 8-a-b (Yis Y average) (X^is Xaverage) a Y-bX 4. b (nxy-Ex y)/[n x - (x] 5. FIT new forecast (F) + trend correction (T) 6 Mini (LTx Lisage) 7. Maxi-BOQ+(ROL -Min) & TIC (Q2)H+(D/QJOC 9. Interval - Annual Work Days/ # of Orders 10. MAD (forecasters In 11. Total Cost FC+VC 12. Z value @ 95% = 1.645; b=([XY-XCX) (x-x^) ROL (LT x Usage) x Buffer Number of Orders - D/EOQ EOQ= (2xDxOC)/H Utilization Time activated/Time available MSE-(forecast errors/n ROP-Expected demand + safety stock Z value @ 97% = 1.88; 13. Seasonal Index Average 2009-2010 monthly demand/Average monthly demand 14. S(y)* / (n 2) 15. r = (QAX-ELX) / [n[x - (Ex)] [n[y - (y)) 16. Utilization Actual output/Design capacity 17. Expected output = (Effective capacity) (Efficiency) 18. Contribution - Selling price - Variable cost 19. B.EPFixed cost/Contribution per unit 1. 27. Utilization Actual output/Design capacity 28. Expected output-Effective capacity x Efficiency Avg. 6). time -Flow time/# of jobs 29. Avg. # of jobs Flow time/ work time 30. R-R, x Rx Rx... R Efficiency Actual output/Effective Capacity P=F/(1+i) P-FX Utilization Total processing time Flow time Avg. job latenessLate days # of jobs FR (%) # of Failures / # of Units tested x 100 31. FR (N) # of Failures/# of Unit-hours of operation time MTBF-1/FR(N) 32. Redundancy (Probability of 1" component working) + (Prob. of 2 working) x (Prob. of needing 2") 33. E/distance- 34. Ridistance dan=(x=x } + (Yn) d = || + |9-35| Q-Number of pieces per order EOQ-Optimum order quantity (0) D-Anual demand in units S Setup or ordering cost for each onder N-Holding or carrying cost per unit per year in dollars p-Daily production d-Daily demand rate P-Price I-Anal story carrying costs a percentage of price Mean demand Standard deviation Mean demand Safety stock Z-Standardized value under the normal Curve Quantity discount EOQ model 206 Z value @ 99% -2.33 (12-1) (12-10) EOQ production order quantity model Probability model Safety stock 20-x-(12-14) Sy-ay-b]/(n-2) 20. B.E.P., (Fixed cost x Selling price)/Contribution per unit NPV: P=F/(1+i)* Q*=2DS/IP TC = (D/QJOC+(QH)/2+ PD Total cost for the EOQ and quantity discount EOQ models TC-Total co -Setup cost+Holding cost+Product cost S+H+PD 36. Discount Factors (12.9) Year 5% 6% 7% 10% 12% 15% 20% 21. Sales for target profit=(Fixed cost+ Target profit) / Contribution per unit 1 0.952 0.943 0.935 0.909 0.893 0.869 0.833 0.907 0.890 0873 0.826 0.797 0.756 0.694 22. EMV = (Payoff of 1" state) x (Probability of 1" state) + (Payoff of 2 state) x (Probability of 2 state)+---- (Payoff of last state) x (Probability of last state) 3 0.864 0.840 0.816 0.751 0.712 0.658 0.570 4 0823 0.792 0.763 0.683 0.636 0572 0.482 23. SMA Demand/n 3 WMA (Demand x Weight) / Weight 0.784 0.713 0.621 0.567 0.497 0.402 24. Forecast Error - Actual - Forecast Mini. # of Stations -Task time/Cycle time 60% formula sheet [Compatibility Mode] - Microsoft Word Home Insert Page Layout References Mailings Review View *Cut Times New Roman 12 En Copy Paste BIU abe x, x Aa Format Painter Clipboard Font AaBbCcDc AaBbC AaBbC AaBbCcDc AaBbCcDd AaBbCcI AaBb( AaBbCcDc A Find ab Replace Emphasis Heading 1 1 Heading 4 Normal Strong Subtitle Title No Spaci... Change Styles Select Paragraph F Styles Editing Page: 3 of 4 Words: 581 ID#: 123456 Table - Normal Distribution 2 Page 3 of 4 ID#: 00 03 14 00 " 5000 5040 5120 5160 3199 5139 5219 5319 5359 5398 508 5517 5557 35% 5636 3475 5714 5353 5193 5812 SHI 4036 4064 4141 6179 4217 155 4293 6331 4513 4554 ASP 144 6700 4736 4772 879 JAMS 7019 3154 3157 3110 7124 . 3334 7357 3389 3422 3454 3406 2549 350 7473 3704 3734 3794 3852 7910 3939 JN 1995 3051 3116 3212 200 3264 1309 145 4389 3461 3415 3531 1554 300 3129 3349 3901 325 1942 015 012 9049 9115 9131 3147 9162 3222 3134 9251 9219 9292 102 3345 3953 9330 404 3429 3441 9452 3474 3484 3415 9505 9515 9515 9554 9571 9582 3616 3425 3641 349 1454 3664 471 3406 3413 39 9004 9713 3726 3750 3754 974 9367 20 3372 9781 9812 9817 21 3821 9024 9834 3046 3850 3854 9857 22 3844 9071 9815 13 N 9901 9904 3906 9909 9911 9916 24 9920 9922 9425 9921 3929 9931 9934 9936 25 9940 943 996 3948 390 9951 9952 9953 9455 9546 9957 943 3944 27 995 9966 9967 994 9971 9972 9913 1914 28 9974 9915 59906 9970 9979 3979 9900 29 9982 0 9904 9985 3986 10 3989 9990 9990 9990 9995 994 9994 9995 9995 9995 13 9995 3995 9995 3996 1996 3996 3996 3996 3996 9993 14 9990 9990 Transportation Matrix Demand For Supply From Unused Total Capacity Period 1 Period 2 Period 3 Capacity Available (Dummy) (Supply) Beginning inventory Regular time Overtime Subcontract Regular time Overtime Subcontract Regular time Overtime Subcontract Total Demand Page 4 of 4 60% quantity (75 units)? IN N 5 [5] T Question Two (a) Total 10 marks A company produces three products namely X,Y and Z. The operating figures for one (1) month are set out below. (7 marks) Particulars Sales Direct labor Direct material Variable production overhead Fixed cost is $720 per year X Y Z ($) ($) ($) 120 100 150 30 10 10 60 30 35 I 20 15 5 (i) Find the profit for each product using Marginal Costing (3 marks) (j) If there were a financial or equipment constraint and one product had to be deleted, which would be and why? (c) The duration of Project E is five years, with use Net Present Value to determine if Project Year Project E ($) 0 -3,000 1 +300 2 +400 3 +500 4 +600 5 +700