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**Q1:**The break-even point can be defined as the production and sales levels of a given product at which the revenue generated from the sales is perfectly equal to the production cost. At this point, the company does not make any profit or loss; that is, it breaks even. The shut-down point refers to the minimum price where companies prefer shutting down their operation instead of continuing to operate. In other words, it is the minimum price and quantity for keeping operations open. Break-even price P2 Shut-down price P1 MC £ AVC 9₁ 9₂ ATC As seen previously, the break-even point is the point where the marginal cost (MC) equals the average total cost (ATC). The shut-down point of production, on the other hand, is the price at which the marginal cost does not even cover the average variable cost (ATC). At this point, the company is better off stopping its production than keeping producing at a loss. Suppose the hospital operates in a perfectly competitive market. The market price of this product is $40. Assume that a manufacturing company Total Cost (TC) function is TC = 20Q6Q+Q" What is the minimum market price for which you will choose to produce?See Answer**Q2:**1. Cummins Crane Corporation (3C) is considering replacing its controllers on its heavy lift cranes with new portable infrared controllers. 3C expects to achieve cost savings of $15K the second year, increasing by $1500 each year thereafter for the next 4 years. » Draw the Cash Flow Diagram (10 points) b. At an interest rate of 12% per year, what is the equivalent annual worth of the savings? (40 points)See Answer**Q3:**2. Given the nominal rate of 22% . What is the effective rate if compounded annually (10 points) b. For the following compounding periods, fill in the blanks. Show your work beside each row for credit (5 points each row) Compound PeCompound Peri% CSA CQ CM CD C Hourly C Minutely C Secondly CC N/ASee Answer**Q4:**From the following figure find the rake angle and friction angle. By using the Merchant formula find the shear angle. See Answer**Q5:**The following information is known for a component that can be produced with equal facility upon either of the two machines listed. Assume a linear depreciation over 10 years (40 hours per week and 50 weeks per year). The life of the tools of the two machines is assumed to be over 500 hours. a. If 600 components are required, what would be the cost per unit using each machine? Which machine should be used? (32 marks) b. What is the breakeven point of using these two machines to manufacture the components? (28 marks) c. What would be the cost of 1200 units when it needs to be produced urgently? (40marks) d. What would be the cost of 1600 units for individual machines when the life of the tool is 1300 units? (50 marks)See Answer**Q6:**Complete the following forecast table with the correct values: (please use 2 digits)Alpha= 0.80Beta= 0.80 See Answer**Q7:**Determine the shape factor of the following objects. See Answer**Q8:**Instructions: Please fill the following Aggregate Planning table by using the Chase Demand strategy,when the following information is available. Beginning Inventory = 98 Beginning Workers = 11 Each worker can produce 5 pieces per month Cost of producing 1 unit by means of Regular Production = 37 ($/unit) Cost of holding 1 unit in inventory during 1 cycle = 6 ($/(unit*period)) Cost of hiring 1 worker = 434 ($/worker) Cost of firing 1 worker = 4489 ($/worker) (Write the numbers only, without any commas or any other symbol) What is the total cost of the system ($)? = ______ (Write the number only, without any commas or any other symbol, for example 3992903) See Answer**Q9:**If you wish to deliver on time all units to the customer (who is expecting 1000 units for the nextcycle), but you have capacity of producing only 800 including overtime, and have 100 units ininventory from a previous cycle you can: See Answer**Q10:**Consider the following charges for demand and energy: (Do NOT refer to the City of Sallisaw billing at the bottom of this document.) On-Peak charge: 16.2 cents /kWh Off-Peak charge: 3.7 cents /kWh Demand charge: $6.35/kW On-Peak period is from June 1st through October 30th, and between 9 am and 4 pm. The energy consumption for on-peak and off-peak months is as shown in the table below. Assuming no ratchet clause, compute the missing fields in the table below. If the power factor for the month is less than 0.90 at the point of delivery, billing demand will be increased by multiplying by 0.90 and dividing by the power factor (xx% expressed as .xx). Compute the missing fields in the table below. See Answer

- Comsol
- Maintenance Engineering
- Production Planning And Control
- Engineering Cost Analysis
- Industrial Experimentation
- System Engineering
- Human Factors/Ergonomics
- Operation Research
- Statistical Methods In Industrial Engineering
- Stochastic Model Of Industrial Systems
- Computing In Industrial Engineering
- Management Of Inventory Systems
- Production Design And Process Planning
- Quality Design And Control
- Quality Management And Reliability

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