Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Utilizing notation presented in class, consider the following data: p C OT (Normal dist)) (Normal dist) R $8/unit $9000/OT shift 1000/shift 100/shift 15 shifts (1

Utilizing notation presented in class, consider the following data:

p

COT

(Normal dist))

(Normal dist)

R

$8/unit

$9000/OT shift

1000/shift

100/shift

15 shifts (1 week)

Operations are 3 shifts per day, 5 days per week. Four shifts are available during each weekend for any production catch up in overtime and maintenance.

(a) Determine the weekly profit maximizing quota. (b) Determine the minimum value of M, the amount that must be produced during the weekend shifts, such that the possibility of not being able to meet the production quota ( found in part (a) ), is .02 (c) At the present time, 40,000 units exist in the production line WIP and in the backlog. A new order for 1000 units has just arrived. Determine a due date quote for the new order, such that there is 95% confidence that it will be delivered within the due date lead time, measured in number of shifts. Assume no overtime (catch-up) work is done during the weekend.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud examination

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

4th edition

538470844, 978-0538470841

More Books

Students also viewed these Accounting questions

Question

19.7. Explain what is meant by crashophobia.

Answered: 1 week ago

Question

help asp

Answered: 1 week ago