What is the estimated payoff for adding a new building during moderate demand?
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State of Nature | |||
---|---|---|---|
Alternatives | High Demand | Moderate Demand | Low Demand |
Add a new building | 30,00030,000 | 9,5009,500 | −35,000-35,000 |
Extend hours for existing building | 25,00025,000 | 4,2004,200 | −4,000-4,000 |
Do Nothing | 00 | 00 | 00 |
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- Cortez Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have presented proposals. The fixed costs are $50,000 for proposal A and $75,000 for proposal B. In addition to the proposed fixed costs from the two ve management at Cortez anticipates that they will have to spend $8,000 for installations be completed. The variable cost is $12.00 for A and $11.00 for B. The revenue generated by each unit is $24.00. a) The break-even point in dollars for the proposal by Vendor A = $ (round your response to the nearest whole number). b) The break-even point in dollars for the proposal by Vendor B = $| (round your response to the nearest whole number).Spectrum Hair Salon is considering expanding itsbusiness, as it is experiencing a large growth. Th e question iswhether it should expand with a bigger facility than needed,hoping that demand will catch up, or with a small facility,knowing that it will need to reconsider expanding in three years.Th e management at Spectrum has estimated the followingchances for demand:• Th e likelihood of demand being high is 0.70.• Th e likelihood of demand being low is 0.30.Estimated profi ts for each alternative are as follows:• Large expansion has an estimated profi tability of either$100,000 or $70,000, depending on whether demand turnsout to be high or low.• Small expansion has a profi tability of $50,000, assuming thatdemand is low.• Small expansion with an occurrence of high demand wouldrequire considering whether to expand further. If thebusiness expands at this point, the profi tability is expected tobe $90,000. If it does not expand further, the profi tability isexpected to be $60,000.What are demand forecasting and capacity strategy? Give an example of demand forecasting for a business.
- Spectrum Hair Salon is considering expanding itsbusiness, as it is experiencing a large growth. Th e question iswhether it should expand with a bigger facility than needed,hoping that demand will catch up, or with a small facility,knowing that it will need to reconsider expanding in three years.Th e management at Spectrum has estimated the followingchances for demand:• Th e likelihood of demand being high is 0.70.• Th e likelihood of demand being low is 0.30.Estimated profi ts for each alternative are as follows:• Large expansion has an estimated profi tability of either$100,000 or $70,000, depending on whether demand turnsout to be high or low.• Small expansion has a profi tability of $50,000, assuming thatdemand is low.• Small expansion with an occurrence of high demand wouldrequire considering whether to expand further. If thebusiness expands at this point, the profi tability is expected tobe $90,000. If it does not expand further, the profi tability isexpected to be $60,000.Draw a…Case Study: Read and examine the case thoroughly Decision-making time horizons: a hotel group A group of hotels demonstrates the different levels of decision-making and the differing time horizons that are usually involved with each level. In a group of hotels, most of the staff will be concerned with ensuring that the daily schedule of bookings run to plan and are delivered satisfactorily. The manager and senior hotel staff will, however, have wider concerns. They will probably have weekly, monthly and annual budgets and sales targets to hit. These requirements of their roles mean that they will need to consider the hotel's position up to a year ahead. The chief executive of the whole group of hotels may have a longer time frame as this person and their senior team may be considering what the potential threats and opportunities in the marketplace might be and how this particular hotel group might respond.Questions - Explain why the hierarchy of decision-making might be different in…1: Suppose the company has identified the following three possible demand scenarios: Demand (Units per year) Probability 25,000 0.3 60,000 0.4 100,000 0.3 1. If the capacity is set at 80,000, how much of a capacity cushion is here? What is the capacity utilization? 2. What is the probability of idle capacity if the capacity is 80,000? 3. If it costs $25 per units lost business and $50 to build a unit of capacity, how much capacity should be built to minimize total cost?
- You work for the Brad's Nailer Company which manufactures three types of nailers: a pneumatic model, the "ProLine", and a cordless model. You have contracted to supply a national retail chain with all three models of nailers. However, Brad's nailer production capability is limited in three departments: production, testing, and packaging. The goal is to maximize your revenue. Your answer will be the number packaging hours to be produced (The number of nailers must be a whole number.) Use Scenario 2What are ADDITIONAL CHALLENGES OF PLANNING SERVICE CAPACITY?Explain why is capacity planning is important ?
- 8. Emily needs to estimate the annual labor and material cost for a new facility. The data obtained were Labor cost index was 120 ten years ago and 190 today. Annual labor cost for a similar production facility was $602,004 ten years ago. Material cost index was 544 four years ago and 712 today. Annual material cost for a similar production facility was $2,455,000 four years ago. Estimate the annual labor cost and annual material cost for the new facility.How does planning for capacity in service differ from planning for capacity in manufacturing?ABC Company has several branches within the city. One of its branches is suffering from declining sales, andmanagement has a range of options:a. Shut down the branch and sell for P5Mb. Undertake a major renovationc. Undertake a cheaper renovationIn the past, 2/3 of renovation have achieved good results, while 1/3 achieved poor results. The major renovationwill cost P4M. Estimates of outcomes are as follows:a. Good results: P13.5M profitb. Poor results: P6.5M profitOn the other hand, there is a more economical renovation option that costs P2M. Estimates of outcomes areas follows:a. Good results: P8.5M profitb. Poor results: P 4M Required: Prepare a decision tree and recommend what action would be taken:a. Shut down the branch and sell for P5Mb. Undertake a major renovationc. Choose the economical option