Problem 1: Marion Smith, the Production Manager at Smith Manufacturing. described an operation that produces 1000 square yards of material for each ton of raw cotton. Each ton of raw cotton requires 5 labor hours to process. Marion believes a better- quality raw cotton will produce 1200 square yards per ton of raw cotton with the same labor hours. What is the current labor productivity when measured in square yards per hour? What is the new labor productivity when measured in square yards per hour if the better-quality cotton is used? By what percent does the labor productivity improve when the better-quality cotton is used? Problem 2: Operations managers are called upon to support the organization's strategy. OM does this with some combination of one of three strategies. What are these three strategies? Describe in detail the 3 strategies. For each strategy, cite at least one reference that is not your textbook that has an example of how an organization used the strategy. Problem 3: Below are the activities for the completion of a new product. sve one in Crime Time Coco de A > 2.000 2.000 D 2:30 E F . 2 a. Construct a network diagram in the space below. Show the during times on the diagram. Add early start, early finish, late start and late finish for each node on the diagram. 2. Construct a network diagram in the space below. Show the during times on the diagram. Add early start, early finish, late start and late finish for each node on the diagram. b. What is the project expected completion date? c. What is the total cost required for completing this project on normal time? Explain how you determined the answer to this question d. If you wish to reduce the time required to complete this project by 1 week, which activity should be crashed, and how much will this increase the total cost? Development of a new deluxe version of a particular software product is being considered Problem 4: Exponential smoothing is used to forecast pizza sales. Two value of are examined, a = 8 and a = 5 Use formulas in the embedded Excel file for calculations. Make sure you close the Excel file so the changes you make are saved on the Embedded Excel file. Evaluate the accuracy of each smoothing constant using absolute deviation Complete the table below. Actual sales are given in the table. Which value of is preferable? (Assume the forecast for February was 22.)