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Explanation & Answer
1. 7000+290*60 = 7000+17400 =24400
2. $10,047.6 ( =pmt(0.075,25,-112000))
3. $1419.74 ( =pmt(0.06/12,360,-236800)
4. $6012.40 (=pmt(0.05/12,360,-1120000)
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excel questions file attached
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Read the “Beck Manufacturing” case study in Chapter 8 of your text. In a three- to four-page paper, address the follo ...
Beck Manufacturing and Plant Capacity
Read the “Beck Manufacturing” case study in Chapter 8 of your text. In a three- to four-page paper, address the following:Calculate the capacity of each machine center and the capacity of the system.Analyze where the focus of the company’s efforts should be if Beck wants to expand capacity. Determine how much extra capacity he can get without causing another operation to become the bottleneck.Suggest ways Beck can expand capacity without purchasing new equipment.Your paper should be in paragraph form (avoid the use of bullet points) and supported with the concepts outlined in your text and additional scholarly sources.Submit your three- to four-page paper (not including the title and reference pages). Your paper must be formatted according to APA style as outlined in the and must cite at least three scholarly sources in addition to the textbook, Vonderembse, M. A., & White, G. P. (2013). Operations management. San Diego, CA: Bridgepoint Education, Inc.CASE STUDY:Beck ManufacturingAl Beck, president of Beck manufacturing, wants to determine the capacity of his facility, which produces steering gears for auto manufacturers. He has asked you to sort through the data and determine the capacity of the system and how that capacity may be increased. The operation is a product layout that produces large numbers of nearly identical products. The process includes milling, grinding, boring, drilling, and assembling, in that order. Each finished product requires one operation on each type of machine. For example, each finished part is processed on one of the five milling machines, one of the seven grinding machines, etc.The facility runs two 8-hour shifts per day, with a third shift for maintenance. The industrial engineering department has provided you with the following data on present operations. In addition, you have been told that assembly operations, while not unlimited, can be easily changed to meet the need. Operation Number of Machines Run Time per Piece (min.) % Reject Rate Milling 5 2 3 Grinding 7 3 5 Boring 3 1 2 Drilling 6 2.5 7 Calculate the capacity of each machine center and the capacity of the system. If Beck wants to expand capacity, where should he focus the company's efforts? How much extra capacity can he get without causing another operation to become the bottleneck? How may Mr. Beck expand capacity without purchasing new equipment? Be specific.
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excel questions file attached
12.1 For the market share model in Problem 5 of Chapter 11, suppose that the estimate of the percentage of new purchasers ...
excel questions file attached
12.1 For the market share model in Problem 5 of Chapter 11, suppose that the estimate of the percentage of new purchasers who will ultimately try the brand is uncertain and assumed to be normally distributed with a mean of 35% and a standard deviation of 4%. Use the NORM.INV function and a one-way data table to conduct a Monte Carlo simulation with 25 trials to find the distribution of the long-run market share.See Problem 5 of Chapter 1111.5 A company is trying to predict the long-run market share of a new men’s deodorant.8 Based on initial marketing studies, they believe that 35% of new purchasers in this market will ultimately try this brand. They believe that customers will purchase their brand about 60% of the time in the future. Preliminary data also suggest that the brand will attract heavier-than-average buyers, such as those who exercise frequently and participate in sports, and that they will purchase about 20% more than the average buyer. 8 Based on an example of the Parfitt-Collins model in Gary L. Lilien, Philip Kotler, and K. Sridhar Moorthy, Marketing Models (Englewood Cliffs, NJ: Prentice Hall, 1992): 483. Calculate the long-run market share that the company can anticipate under these assumptions. Develop a general model for predicting long-run market share.
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Read the “Beck Manufacturing” case study in Chapter 8 of your text. In a three- to four-page paper, address the following:Calculate the capacity of each machine center and the capacity of the system.Analyze where the focus of the company’s efforts should be if Beck wants to expand capacity. Determine how much extra capacity he can get without causing another operation to become the bottleneck.Suggest ways Beck can expand capacity without purchasing new equipment.Your paper should be in paragraph form (avoid the use of bullet points) and supported with the concepts outlined in your text and additional scholarly sources.Submit your three- to four-page paper (not including the title and reference pages). Your paper must be formatted according to APA style as outlined in the and must cite at least three scholarly sources in addition to the textbook, Vonderembse, M. A., & White, G. P. (2013). Operations management. San Diego, CA: Bridgepoint Education, Inc.CASE STUDY:Beck ManufacturingAl Beck, president of Beck manufacturing, wants to determine the capacity of his facility, which produces steering gears for auto manufacturers. He has asked you to sort through the data and determine the capacity of the system and how that capacity may be increased. The operation is a product layout that produces large numbers of nearly identical products. The process includes milling, grinding, boring, drilling, and assembling, in that order. Each finished product requires one operation on each type of machine. For example, each finished part is processed on one of the five milling machines, one of the seven grinding machines, etc.The facility runs two 8-hour shifts per day, with a third shift for maintenance. The industrial engineering department has provided you with the following data on present operations. In addition, you have been told that assembly operations, while not unlimited, can be easily changed to meet the need. Operation Number of Machines Run Time per Piece (min.) % Reject Rate Milling 5 2 3 Grinding 7 3 5 Boring 3 1 2 Drilling 6 2.5 7 Calculate the capacity of each machine center and the capacity of the system. If Beck wants to expand capacity, where should he focus the company's efforts? How much extra capacity can he get without causing another operation to become the bottleneck? How may Mr. Beck expand capacity without purchasing new equipment? Be specific.
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