A Manufacturer of Industrial Seafood Processing Equipment Wants You to Develop

question 51

Essay

A manufacturer of industrial seafood processing equipment wants you to develop an aggregate plan for the four quarters of the upcoming year using the following data on demand and capacity.
$\begin{array}{|l|l|l|l|l|l|l|}\hline \text { Quarter } & \text { Units } & \begin{array}{l}\text { Regular } \\\text { Time }\end{array} & \begin{array}{l}\text { Over- } \\\text { time }\end{array} & \begin{array}{l}\text { Sub- } \\\text { contract }\end{array} & \begin{array}{l}\text { Initial inventory } \\\text { Regular time cost }\end{array} & 250 \text { units \$1.25/unit } \\\hline 1 & 200 & 400 & 80 & 100 & \text { Overtime cost } & \$ 1.50 / \text { unit } \\\hline 2 & 750 & 400 & 80 & 100 & \text { Subcontracting } \\&&&&&\text { cost } & 2.00 / \text { unit } \\\hline 3&1200&800&160&100&\text { Canyying cost }&\$ 0.50 / \text { unit/quarter }\\\hline 4 & 450 & 400 & 80 & 100 & \begin{array}{l}\text { No back ordering } \\\text { is allowed }\end{array} \\\hline\end{array}$ a. Find the optimal plan using the transportation method.
b. What is the cost of the plan?
c. Does any regular time capacity go unused? How much in what periods?
d. What capacity went unused in this solution (list in detail)?

Identify strategies to handle difficult or angry patients calmly and professionally.

Recognize the significance of summarizing key points to ensure mutual understanding before ending a call.

Demonstrate knowledge of the use and benefits of automated and advanced communication tools in a medical office.

Understand the role and responsibilities of medical staff in managing emergency and high-priority calls.

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Definitions:

Market Price

The current exchange price for an asset or service in the marketplace.

Discount Rate

The interest rate used to determine the present value of future cash flows or to discount future obligations.

Maturity

The predetermined date on which a financial instrument, loan, or security reaches its final payment, at which point the principal amount must be repaid.

Zero-Coupon Bond

A debt security that doesn't pay periodic interest, sold at a discount from its face value, and repays the face value at maturity.