Examlex

Solved

Larry's Wickets,Inc

question 86

Essay

Larry's Wickets,Inc.is producing two types of products: A and B.Both are produced at the same machining operation.Because of demand uncertainties,the operations manager obtained three demand forecasts (pessimistic,expected,and optimistic).The demand forecasts,batch sizes (units/batch),processing times (hr/unit),and setup times (hr/batch)follow. Larry's Wickets,Inc.is producing two types of products: A and B.Both are produced at the same machining operation.Because of demand uncertainties,the operations manager obtained three demand forecasts (pessimistic,expected,and optimistic).The demand forecasts,batch sizes (units/batch),processing times (hr/unit),and setup times (hr/batch)follow.   The machines operate on two 8-hour shifts,5 days per week,and 50 weeks per year.The manager wants to maintain a 20 percent capacity cushion. a.What is the minimum number of hours required of the machining equipment for the next year? b.How many hours of capacity can the company expect from each machine? c.What is the minimum number of machines needed (assuming no reliance on short-term options)? d.What is the maximum number of machines needed (assuming no reliance on short-term options)? The machines operate on two 8-hour shifts,5 days per week,and 50 weeks per year.The manager wants to maintain a 20 percent capacity cushion.
a.What is the minimum number of hours required of the machining equipment for the next year?
b.How many hours of capacity can the company expect from each machine?
c.What is the minimum number of machines needed (assuming no reliance on short-term options)?
d.What is the maximum number of machines needed (assuming no reliance on short-term options)?


Definitions:

Prototype

An early sample, model, or release of a product that is used to test a concept or process or to act as a thing to be replicated or learned from.

Category Membership

The belonging of an item or individual to a defined group based on shared characteristics or criteria.

Representativeness Heuristic

A mental shortcut used for making decisions about the likelihood of an uncertain event by comparing it to what is considered a normal instance.

Alzheimer's Disease

A progressive neurodegenerative disorder characterized by memory loss, cognitive decline, and personality changes, ultimately leading to severe impairment in daily functioning.

Related Questions