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Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,000; winter, 8,000; spring, 7,000; summer, 12,000. Inventory at the beginning of fall is 500 units. At the beginning of fall, you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring if overtime is necessary to prevent stock outs at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $100 for each temp; layoff, $200 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season.
According to Fiedler’s contingency model, how would you characterize the level of situational control in these circumstances?
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Help Jeff decide whether he should give greater priority to a smaller facility with possibility for expansion or move into larger facility immediately? Decide on which is the best alternative and choose weights for the two capacity factors based on y..
Merrimac Manufacturing has always purchased a certain component part from a supplier on the East Coast for $50 per part. The supplier is reliable and has maintained the same price structure for years. Over what range (quantity) of product would each ..
Write a message to persuade your boss to approve capital resources for the product. Select the appropriate channel for delivering your message based on context, audience, and purpose. Explain why you selected this particular channel.
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Making a Critical Assessment of the Toyota Production System (TPS) Today Use of a Grid Analysis (Weighted Scoring Model) to Help Make the North American Plant Location Decision for the RX 330
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