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The US has a big market for pet toys. The operations manager of Squeakers, a pet toy manufacturing company is now seriously thinking of adding a new production line for a special type of pet toys. There are two options of production lines that Squeakers can choose: Advanced production line and Standard production line. The former will cost Squeakers $400, 000; and the latter will only cost $300, 000. The market for the special pet toy is believed to be high at $600,000 at 2/3 chance, and low at $300,000 at 1/3 chance. When the market is high, the advanced production line is capable of handling the high figure of $600,000. However, a standard production line needs some expansion at a cost of $150,000. After the expansion, the sales would be $500,000 due to the lost time during the expansion. If the standard production line is not expanded, the sales would be only $400,000. When the market is low, both production lines are able to satisfy all of the demand. If the market is low, what is the net profit if you build an advanced line? Select one: a. -100,000 b. 0 c. 50,000 d. 100,000 e. 200,000.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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