PA 13-3 Montanso sells genetically modified seed to farmers. It. Use Table 134 M
ID: 359574 • Letter: P
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PA 13-3 Montanso sells genetically modified seed to farmers. It. Use Table 134 Montanso sells genetically modifed seed to farmers. It needs to decide how much seed to put into a warehouse to serve demand for the next growing season. It will make one quantity decision. It costs Montanso $8 to make each kilogram (kg) of seed. It sells each kg for $44. If Montanso has more seed than demanded by the local farmers, the remaining seed is sent overseas. Unfortunately, only $2 per kg is eamed from the overseas market (but this is better than destroying the seed because it cannot be stored until next year). If demand exceeds its quantity, then the sales are lost-the farmers go to another supplier. As a forecast for demand, Montanso will use a normal distribution with a mean of 275000 and a standard deviation of 150000. 5 0 00020000 35 000 000s 2119 120 0242014 3 00050001 212085 0007 0002 010 00034 3446 304 0013 40 0004 If a part of the question specifies whether to use Table 13.4, or to use Excel, then credit for a correct answer will depend on using the specified method How many kilograms should Montanso place in the warehouse before the growing season? Use Table 13.4 and round-up rule 2 0047 001 002 0020 -24-0082-00p 0107 0011 8179 53 If Montanso put 450000 kgs in the warehouse, what is its expected Table 13.4 and round-up rule. How many kilograms should Montanso place in the warehouse to greater than 10%? Use Table 134 and round-up rule. b. revenue (include both domestic revenue and overseas revenue)? Use 1 2002 017905 30 38s 580 8429 G. minimize inventory while ensuring that the stockout probability is no 0904 d. What is maximum profit for this seed? 029Explanation / Answer
Calculate The elapsed time between starting a unit of product into the beginning of a process and its completion.Lead Time
Orion Devices Inc. is considering a new just-in-time product cell. The present manufacturing approach produces a product in four separate steps. The production batch sizes are 49 units. The A sequence of activities linked together for performing a particular task.process time for each step is as follows:
The time required to move each batch between steps is 13 minutes. In addition, the time to move raw materials to Process Step 1 is also 13 minutes, and the time to move completed units from Process Step 4 to finished goods inventory is 13 minutes.
The new just-in-time layout will allow the company to reduce the batch sizes from 49 units to 3 units. The time required to move each batch between steps and the inventory locations will be reduced to 2 minutes. The processing time in each step will stay the same.
Determine the The time required to manufacture a unit of product or other output.value-added, The time that units wait in inventories, move unnecessarily, and wait during machine breakdowns.non-value-added, total lead times, and the The ratio of the value-added lead time to the total lead time.value-added ratio under the present and proposed production approaches. If required, round percentages to one decimal place.
Process Step 1 4 minutes Process Step 2 7 minutes Process Step 3 9 minutes Process Step 4 5 minutesRelated Questions
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