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New Time Videos (NTV) is a new on-line video rental service. In the field, it is trying to compete by offering its customers access to all of the major new video releases in one business day. That is, if you order a video from NTV, you can expect it in one business day from the time when you placed the order. When you are done with the video, you simply drop it in the prepaid mailing and return it. All videos arrive in a sorting facility located in the Midwest where envelopes with the videos are opened, checked, (right video with the right sleeve, no scratches, no cracks, no dirt on the videos), and made ready to be sent out again. As the manager of this facility, your goal is to turn the returned videos around in 6 hours (a shift is 8 hours long). You have the following information: Inventory of videos: 450,000 per shift Throughput: 325,000 per shift a. Calculate the expected average flow time. b. What changes would you recommend to meet the goal of processing a returned video within 6 hours?
A large electric utility company has proposed building an $820 million combined cycle, gas-powered plant to replace the electric generation capacity at one of its coal-fired facilities.
Illustrate what is optimal solution. Elucidate how will spreadsheet model differ from 25 types of tables also 15 machine processes involved in manufacturing them.
To minimize total cost, explain how many units should be ordered each time an order is placed. If the holding cost per unit was $6 instead of $5, illustrate what would the optimal order quantity be.
Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of operations within your organization or an organization with which you are familiar.
LG electronics : Global strategy in emerging markets please answer following in essay format 1) how the company creates value 2) sustainability of competitive advantage and strategic positioning
Describe one or two similarities in how lean operation principles might be applied in both the service and manufacturing industries.
Suppose that the agent expects both daytime and evening calls. At what point (ie percentage of call minutes for daytime calls) would she be indifferent between plans A and B?
What is the net cash outflow for the new machine after considering the sale of the old machine? The firm's tax rate for ordinary income is 30%
Discuss at least two pricing strategies you can use to increase your revenues and analyze them in terms of their ability to generate additional profits. Indicate any additional assumptions you are making.
Discuss the meaning of MRP such as planned order release and scheduled order receipts? Many practitioners currently update MRP weekly or biweekly. Would it be more valuable if it were updated daily?
Firm X is considering the replacement of an old machine with one that has a purchase price of $70,000. The current market value of the old machine is $38,000 but the book value is $32,000.
Discuss factors about the corporate culture that were at play, and suggest central reasons why the executive staff waited as long as they had to consider the development of an enterprise project management methodology (EPM).
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