course material

1. (Mt) – Management 101
Attached.Answer outline to operations management•QuestionsRunning Head:
OPERATIONS MANAGEMENTOperations Management HomeworkStudent’s
NameInstitutional AffiliationDateInstructor’s Name1OPERATIONS MANAGEMENTa) Break
even formula (Q)=Fixed costs(FC)/(Price per unit(P) – Variable
costs(VC)Q=?FC=$6,000P=$7VC=$2Q=6,000/(7-2)Break even quantity=1,200 piesb)
Profit=Quantity (Price-Variable cost)-Fixed CostsTherefore,1,000 (7-2)-
6,000=$(1000)Loss=$1,000C) Target Units=(Fixed Costs+Target Profit)/Contribution per
unitTarget Profit=$4,000Fixed Costs=$6,000Contribution per unit=$(7-
2)=$52OPERATIONS MANAGEMENTUnits=(6,000+4,000)/5=2,000 piesd) Target
Units=(Fixed Costs+Target Profit)/Contribution per unit2,000=(6,000+5,000)/(P-2)(p-
2)=11,000/2,000Price= $(5.5+2)= $7.50Part 2Question 1)Process velocity=Throughout
time/(value-added time)Throughout time=4.5 hoursValue- added time=3Therefore,
4.5/3=1.5Process velocity=1.5Question 2)Process velocity=Throughout time/(Value-Added
time)Throughout time in minutes=3.5*60=210 minutesValue-added time=40
minutes3OPERATIONS MANAGEMENTTherefore, Process Velocity=210/40Process
velocity=5.25Throughout time is 5.25 greater than value added timeCalculating wasted
time=(210-40)=170 minutes or 2.8hoursEfficiency= Actual output/standard
outputTherefore, 42 Patients /40 Patients= 1.054Answer outline to operations managem…