Project #16369 - Operation Management Projects

Please see attachment for proper tables as they do not copy over properly

Problem 2. John and Jane Darling are newlyweds trying to decide among several available rentals. Alternatives were scored on a scale of 1 to 5 (5=best) against weighted performance criteria, as shown in the table below. The criteria included rent, proximity to work and recreational opportunities, security, and other neighborhood characteristics associated with the couple’s vales and lifestyle. Alternative A is an apartment, B is a bungalow, C is a condo, and D is a downstairs apartment in Jane’s parents’ home.

Which location is indicated by the preference matrix?

What qualitative factors might cause this preference to change?

Table:

                                                                                                                Factor Score for each location

Location factor                  factor weight                    A                             B                             C                             D

1. Rent                                                  25                           3                              1                              2                              5

2. Quality of life                                                20                           2                              5                              5                              4

3. Schools                                            5                              3                              5                              3                              1

4. Proximity to work                       10                           5                              3                              4                              3

5. Proximity to recreation             15                           4                              4                              5                              2

6. Neighborhood Security            15                           2                              4                              4                              4

7. Utilities                                            10                           4                              2                              3                              5

Total                                                      100

 

 

 

 

 

 

 

Problem 3. Two alternative locations under consideration for a new plant: Jackson, Mississippi, and Dayton, Ohio. The Jackson location is superior in terms of costs. However, management believes that sales volume would decline if this location were chosen because it is farther from the marketing, and the firm’s customers prefer local suppliers. The selling price of the product is $250 per unit in either case. Use the table below to determine which location yields the higher total profit per year:

 

Location               Annual Fixed Cost            Variable Cost per unit                    Forecast Demand per year

Jackson                                $1,500,000                                           $50                                                         30,000 Units                      

Dayton                 $2,800,000                                           $85                                                         40,000 Units      

 

Subject Mathematics
Due By (Pacific Time) 11/09/2013 06:00 pm
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