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Q1:1. (10 marks) You own a small business servicing the Sandy Bay area. Assume that your business is the only one offering the service you sell and so operate as a monopolist. You are considering spending on advertising to increase the demand for your service. Use the appropriate diagram(s) to investigate potential changes in profits, prices and quantity from a change in demand caused by the advertising campaign (7 marks). Using a diagram, characterise how much you would be willing to spend on advertising given a change in demand (3 marks).See Answer
Q2:INSTRUCTIONS Need to Do Project 3 ⚫ Subject IS Material handling and facilities • Result From Project 2 Is Already Attached/nNew Jersey Institute of Technology Department of Mechanical & Industrial Engineering IE 466 Materials Handling and Facilities Layout Project 3 The ABC Manufacturing Company designed 9 new buildings (symbolized as A, B, C, D, E, F, G & H. Each building will be the shop for one type of operation only. The process sequence and areas is given in the Table below. The maximum load for the material handling is 100 Kg. The problem is to determine the optimum allocation of the 9 operations in the proposed new layout. The following assumptions are given: 1. Each building is suitable for any operation allocation 2. Methods of production control specify the sequence of operations and indicate that they are not to be changed. 3. Product mix remains stable (No. of products of each variety is fixed) 4. The prime measure of effectiveness of the layout is the sum of the products of Quantity multiplied by the weight of each part multiplied by the distance traveled. Routing Summary Operations: Part No. Quantity/week Weight Kg. 1 5000 1 2 3000 0.4 Operation Sequence r-p-1-d-m-i-g r-w-1-m-d-i-g # of m/es Area (r) Raw Material Stores (p) Pattern Shop 6 m/es@ 60' * 50' 12' * 7' 3 2500 2 4 1000 3 r-p-1-i-g r-p-f-m-i-g (f) Foundry 4 m/es@ 10.5' * 6' (w) Welding 2 m/cs@ 12'6' 5 3500 1.5 r-p-f-g (d) Drilling 2 m/cs@ 14' 10' 6 4000 2.5 r - m - d - 1 - w - i - g (1) Lathes & Planers 4 m/cs@ 12' 4' 7 1500 0.4 r-1-d-m-i-g (m) Milling 4 m/es@ 12' 8' S 2500 2.5 r-1-m-i-d-w-g (i) Inspection 3 stations @ 50' * 40' 9 4500 1.5 r-w-m-1-d-i-g (g) Finished Parts Stores 70' * 50' Project Requirements: (a) Using MicroCRAFT program, determine an optimal relative allocation of this department for both rectilinear and Euclidean movements. (b) Develop another rough layout by fixing the allocating Operation "g". (c) Develop a final block diagram based on the results in requirements (a) and (b). (d) Compare your results with the one generated from Project 2 (Travel Chart Technique) Note: layout.xla Facility Layout This add-in accepts as data: a list of departments, physical size of departments, part flows between departments and the size of a proposed plant. The program uses the CRAFT procedure in an attempt to find the layout of departments that minimizes the distance over which parts must flow. Link: Facility Layout Add-in (ulsu.ru) Description of the Add-Ins: Facility Layout Add-in (ulsu.ru) OR all Macros: http://staff.ulsu.ru/semushin/_index/_pilocus/_gist/docs/mycourseware/9-linprogram/6-See Answer

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