{"id":6928,"date":"2021-10-11T12:20:18","date_gmt":"2021-10-11T12:20:18","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/grand-view-university-operation-mgt-455-problem-set-one\/"},"modified":"2021-10-11T12:20:18","modified_gmt":"2021-10-11T12:20:18","slug":"grand-view-university-operation-mgt-455-problem-set-one","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/grand-view-university-operation-mgt-455-problem-set-one\/","title":{"rendered":"Grand view university operation mgt 455 &#8211; problem set one"},"content":{"rendered":"<div>\n<p>1.5 \u2013 page 50 &amp; 51<br \/>Lori Cook produces \u201cFinal Exam Care Packages\u201d for resale by her sorority. She is currently working a total of 5 hours per day to produce 100 care packages.<br \/>a)\u00a0\u00a0\u00a0\u00a0\u00a0 What is Lori\u2019s productivity?<br \/>b)\u00a0\u00a0\u00a0\u00a0\u00a0 Lori thinks that by redesigning the package, she can increase her total productivity to 133 care packages per day. What will be her new productivity?<br \/>c)\u00a0\u00a0\u00a0\u00a0\u00a0 What will be the percentage increase in productivity if Lori makes the change?<\/p>\n<p>1.7<br \/>George Kyparisis (using data from Problem 1.6) determines his costs to be as follows:<br \/>Labor: $10 per hour<br \/>Resin: $5 per pound<br \/>Capital expense: 1% per month of investment<br \/>Energy: $.50 per BTU<br \/>Show the percent change in productivity for one month last year versus one month this year, on a multifactor basis with dollars as the common denominator.<\/p>\n<p>1.9\u00a0Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources:\u00a0\u00a0\u00a0<br \/>\u00a0\u00a0\u00a0<br \/>Labor:\u00a0400 hours per day @ 12.50 per hour\u00a0\u00a0<br \/>Raw Material\u00a020,000 pounds per day @ 1 per pound\u00a0\u00a0<br \/>Energy\u00a05,000 per day\u00a0\u00a0<br \/>Capital Costs\u00a010,000 per day\u00a0\u00a0<br \/>\u00a0\u00a0\u00a0<br \/>a)\u00a0\u00a0\u00a0\u00a0\u00a0 What is the labor productivity per labor-hour for these tires at Lakefront Manufacturing?\u00a0\u00a0\u00a0<br \/>b)\u00a0\u00a0\u00a0\u00a0\u00a0 What is the multifactor productivity for these tires at Lakefront Manufacturing?\u00a0\u00a0\u00a0<br \/>c)\u00a0\u00a0\u00a0\u00a0\u00a0 What is the percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs?\u00a0\u00a0\u00a0<\/p>\n<p>1.11\u00a0\u00a0\u00a0<br \/>Munson Performance Auto, Inc., modifies 375 autos per year. The manager, Adam Munson, is interested in obtaining a measure of overall performance. He has asked you to \u00a0provide him with a multifactor measure of last year\u2019s performance as a benchmark for future comparison. You have assembled the following data. Resource inputs were labor, 10,000 hours; 500 suspension and engine modification kits; and energy, 100,000 kilowatt-hours. Average labor cost last year was $20 per hour, kits cost $1,000 each, and energy costs were $3 per kilowatt-hour. What do you tell Mr. Munson?\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/>Autos\u00a0375 per year\u00a0\u00a0<br \/>Labor\u00a010,000 @ $20 per hour\u00a0\u00a0<br \/>Suspension &amp; Engine Modification Kits\u00a01 @ $1,000 each\u00a0\u00a0<br \/>Energy\u00a0100,000 @ $3 per kilowatt &#8211; hour\u00a0\u00a0<\/p>\n<p>1.12\u00a0\u00a0<br \/>Lake Charles Seafood makes 500 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. Due to increased demand, plant managers have decided to \u00a0operate three 8-hour shifts instead. The plant is now able to produce 650 boxes per day.\u00a0\u00a0<br \/>a)\u00a0\u00a0\u00a0\u00a0\u00a0 Calculate the company\u2019s productivity before the change in work rules and after the change.\u00a0\u00a0<br \/>b)\u00a0\u00a0\u00a0\u00a0\u00a0 What is the percentage increase in productivity?\u00a0\u00a0<br \/>c)\u00a0\u00a0\u00a0\u00a0\u00a0 If production is increased to 700 boxes per day, what is the new productivity?\u00a0\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>1.5 \u2013 page 50 &amp; 51Lori Cook produces \u201cFinal Exam Care Packages\u201d for resale by her sorority. She is currently working a total of 5 hours per day to produce 100 care packages.a)\u00a0\u00a0\u00a0\u00a0\u00a0 What is Lori\u2019s productivity?b)\u00a0\u00a0\u00a0\u00a0\u00a0 Lori thinks that by redesigning the package, she can increase her total productivity to 133 care packages per [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-6928","post","type-post","status-publish","format-standard","hentry","category-homework-help"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/6928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=6928"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/6928\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=6928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=6928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=6928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}