Assignment-1 - OPERATIONS MANAGEMENT B3401 ASSIGNMENT...

Info icon This preview shows pages 1–2. Sign up to view the full content.

OPERATIONS MANAGEMENT B3401 ASSIGNMENT # 1 (Total 100 points) Due on Jan. 28, 2014 (Tuesday) (Write your name, student #, section # in which you are registered) Q1 . (Total 25 points) Joanna is currently working a total of 8 hours per day to produce 270 dolls. She thinks that by changing the paint used for the facial features and fingernails, she can increase the rate to 360 dolls per day. Total material cost for each doll is approximately $3.50; she has to spend $40 in the necessary supplies (expendables) per day; energy costs are assumed to be only $4.00 per day; and she makes $10 per hour for her time. a) Viewing this from a total (multifactor) productivity perspective, what is her productivity at present and what is her productivity with the new paint in terms of dolls per dollar? (15 points) b) If she uses the new paint, by what amount could Joanna’s material costs per doll increase without reducing total (multifactor) productivity? (10 points) Q2. (Total 50 points) Suppose you (or your group) are the manager of a company trying to determine what forecasting method to use. Based upon the following historical data, calculate the
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '14
  • Time series analysis, exponential smoothing forecast

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern