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A manager faces peak (weekly) demand for one of her operations, but is not sure how long the peak will last. She can either use overtime from the current workforce, or hire/lay off and just pay regular-time wages. Regular-time pay is $500 per week, overtime is $750 per week, the hiring cost is $2,000, and the layoff cost is $3,000. Assuming that people are available seeking such a short-term arrangement, how many weeks must the surge in demand last to justify a temporary hire? Hint: Use break-even analysis (see Supplement A, "Decision Making"). Let w be the number of weeks of the high demand (rather than using Q for the break-even quantity). What is the fixed cost for the regular-time option? Overtime option?
Elucidate how much of a leading edge do you think which organisations using these tools also techniques in an integrated manner might gain from point of view of corporate performance.
Due to variations in processing times due to the size and length of the bracelets, it has been decided to keep 25 percent of the needed inventory as safety stock. Explain how many kanbans card sets are needed.
Compare and contract unsecured credit and secured credit, and explain the key differences.
Customers who come in ask for help at the information desk, but the shelf areas for the many schools, departments and courses are clearly marked, so most customers help themselves. Then they come to the cash registers to check out.
Write the equations expressing this information. Solve the problem using the Excel Solver, giving the amount of each fuel to be used. State any assumptions necessary to solve the problem.
Annual demand is 37,500 pies per year. What production run size should be used?
Discuss which characteristic of a project manager is more important to high performance team use of power or motivation?
how does technology impact Travelers Insurance Company?
Jack Smith wiped the perspiration from his face. It was another scorching-hot summer day, and one of the four process refrigeration units was down.
How would you characterize Best Buy's competitive strategy? Should it be classified as a low-cost provider strategy? A differentiation strategy?
Both production lines can produce all the different types of nozzles. The bronze machines needed for the bronze sprinklers require two operators and can produce up to 12,000 sprinklers.
If, at most, 10 consultants are to be assigned to a home office, where should the offices be setup. Explain how many consultants should be assigned to each office. Illustrate what are the annual prices of this network.
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