Allied Inc. is considering the purchase of a new piece of equipment. Relevant data are shown below. \[\begin{array} { l r } \text { Annual Fixed Cost } & \$ 700,000 \\ \text { Variable Cost per Unit } & \$ 750 \\ \text { Revenue per Unit } & \$ 200 \end{array}\] a.Using this information, determine the break-even volume. b.If the anticipated demand for the product is 5,000 units, should Allied purchase the new equipment?

a.Let X = number of units produced. Tota

Highgrove Industries must decide which process technology to adopt given the information below. $\begin{array}{lccc} \underline{\text { Cost}} & \underline{\text { Technology A }}&\underline{\text { Technology B }} &\underline{\text { Technology C }}\\ \text { Price per unit } & \$ 3 & \$ 3 & \$ 3 \\ \text { Fixed costs per year } & \$ 80,000 & \$ 120,000 & \$ 130,000 \\ \text { Variable costs per unit } & \$ 2.20 & \$ 1.85 & \$ 1.65 \end{array}$ Which one of the process technologies would you recommend they adopt based on breakeven analysis if they wish to minimize demand risks?

Breakeven quantity for Technology A: 3X

Exam 5: Technology and Operations Management

Because of the Internet and e-commerce, all parts of the value chain can immediately know and react to changes in demand and supply. Thus, tight integration of the components of the value chain is no longer required.

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Question 1

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Describe the three stages of the technology development and adoption process.

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Question 2

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State I, Birth: At the beginning of a major technological era, enabling technologies emerge and are eagerly welcomed as revolutionary. Excitement builds as technological pioneers crowd into the field and innovations flourish. In some cases, early investors make extraordinary profits, fueling speculation, chaos and investment mania, even "irrational exuberance."
Stage II, Turbulence: Over investment and over capacity burst the bubble of the new technology's progress. Sometimes linked to a slowing economy, stock prices drop and even crash. Some investors lose everything; some companies fold. Investment halts as financiers retrench. Observers may declare the technology dead but the story is by no means over.
Stage III, Build-out: Confidence returns. Real value emerges. Missing components of the technology are put in place, leading to full implementation. The technology penetrates the economy as other industries organize around it and businesses adjust to take full advantage of it. Sustained investment yields robust returns. The technology becomes the driving engine of the economy.

Discuss the role of technology on productivity.

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Modern technology can improve productivity and quality dramatically, increase the flexibility needed to respond rapidly to changing customer demands, enhance working conditions and improve wages because of higher skill levels required. Technology can also free workers from onerous and dangerous jobs such as sanding and painting automobile bodies, and enable them to engage in more creative and knowledge-intensive tasks. Technology leads to entirely new products and even new industries.

E-Service refers to using the Internet and technology to provide services that create and deliver time, place, information, entertainment and exchange value to customers and/or support the sale of goods.

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Question 4

Industrial robots automate the skills that most humans can readily perform.

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Question 5

Janice Smith is an expert at calligraphy. However, it is found that a specialized robot can imitate Janice's work perfectly. Variable costs are 75% of selling price and fixed costs are $190,000 for the robot system. a. How many pieces must be produced to break even assuming she sells each piece for $200? b. How many pieces must be produced to break even if she sells them for $250 and variable costs drop to 70% of selling price?

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Question 6

Which of the following would not be included in a typical Customer Relationship Management System CRM)?

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Question 7

Bar code scanners are examples of soft-technology.

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Question 8

Allied Inc. is considering the purchase of a new piece of equipment. Relevant data are shown below. Annual Fixed Cost \ 700,000 Variable Cost per Unit \ 750 Revenue per Unit \ 200 a.Using this information, determine the break-even volume. b.If the anticipated demand for the product is 5,000 units, should Allied purchase the new equipment?

(Essay)

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Question 9

All of the following are benefits of adopting technology except

(Multiple Choice)

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Question 10

A company such as eBay relies more on soft technology than hard technology.

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Question 11

Breakeven analysis can be used to

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Question 12

Amazon.com would be an example of a customer-to-customer value chain.

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Question 13

Information technology has significantly affected health care. Which of the following is not an outcome?

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Question 14

Computer integrated manufacturing systems result in

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Question 15

A principal advantage of numerical control NC) is that an operator has only to load and unload parts and push a button to begin processing, and thus can tend several NC machines at one work center.

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Question 16

Flexible manufacturing systems integrate machines or robots with automated handling devices to route work, load tools, and control operations.

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Question 17

CAD/CAE systems are broader in scope than CIM systems.

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Question 18

Highgrove Industries must decide which process technology to adopt given the information below. Price per unit \ 3 \ 3 \ 3 Fixed costs per year \ 80,000 \ 120,000 \ 130,000 Variable costs per unit \ 2.20 \ 1.85 \ 1.65 Which one of the process technologies would you recommend they adopt based on breakeven analysis if they wish to minimize demand risks?

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Question 19

The acronym ICT stands for Information and Communication Technology.

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Question 20

Showing 1 - 20 of 72

Because of the Internet and e-commerce, all parts of the value chain can immediately know and react to changes in demand and supply. Thus, tight integration of the components of the value chain is no longer required.

Describe the three stages of the technology development and adoption process.

Discuss the role of technology on productivity.

E-Service refers to using the Internet and technology to provide services that create and deliver time, place, information, entertainment and exchange value to customers and/or support the sale of goods.

Industrial robots automate the skills that most humans can readily perform.

Which of the following would not be included in a typical Customer Relationship Management System CRM)?

Bar code scanners are examples of soft-technology.

All of the following are benefits of adopting technology except

A company such as eBay relies more on soft technology than hard technology.

Breakeven analysis can be used to

Amazon.com would be an example of a customer-to-customer value chain.

Information technology has significantly affected health care. Which of the following is not an outcome?

Computer integrated manufacturing systems result in

A principal advantage of numerical control NC) is that an operator has only to load and unload parts and push a button to begin processing, and thus can tend several NC machines at one work center.

Flexible manufacturing systems integrate machines or robots with automated handling devices to route work, load tools, and control operations.

CAD/CAE systems are broader in scope than CIM systems.

The acronym ICT stands for Information and Communication Technology.

Goods, Services, and Operations Management

Value Chains

Measuring Performance in Operations

Operations Strategy

Goods and Service Design

Process Selection, Design, and Analysis

Facility and Work Design

Supply Chain Design

Capacity Management

Forecasting and Demand Planning

Managing Inventories

Resource Management

Operations Scheduling and Sequencing

Quality Management

Quality Control and Spc

Lean Operating Systems

Project Management

Work Measurement, Learning Curves, and Standards

Queuing Analysis

Modeling Using Linear Programming

Simulation

Work Measurement, Learning Curves, and Standards

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