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a. List all the assumptions you are making. These should be reasonable assumptions.
b. Provide a justification for the assumptions you are making.
A company producing custom-made teddy bears is considering several options for expanding their existing capacity. There are 3 possibilities. The first is a low-end machine, which would take 10 minutes/bear for the (machined) manufacturing process. In addition, an average of 30 minutes of detail work would have to be done by hand (per bear). The second option is a high-end machine, which would take 8 minutes/bear, and reduce the amount of hand detail work to 25 minutes/bear. The final option is to subcontract out the bears. The subcontractor is willing to provide up to 400 bears per year for a flat fee of $2,000. Additional bears would cost $8 each. There is no difference in bear quality between the 3 options. It costs $10,000 to buy the low-end machine. Yearly maintenance is $1,000. The purchase price for the high-end machine is $15,000, while maintenance is $2,200. Management estimates the cost for running a machine at $6/hour. Labor costs are $15/hour. Assume the factory runs 350 days/year for 8 hours/day. If you expect a yearly demand of 12,000 bears, which option is the cheapest over a 3-year time horizon?
Susan has a part-time "cottage industry" producing seasonal plywood yard ornaments for resale at local craft fairs and bazaars.
Consider a process that has multiple flow units with different demand rates and different paths through the process flow diagram. Consider the following statements: The resource with the largest total demand rate is the bottleneck. The implied utiliz..
Working in a strange and foreign culture while adhering to the project management guidelines can present challenges. A project manager must utilize information for project professionals working overseas, as well as work on virtual projects involvi..
List two examples of sources of customer expectations over which the marketer has limited control.
Why do you think there are so many types of resumes?
Your task is to find a national or international organization that is currently working to effect positive change for the issue you have chosen.
Research the ethical issue affecting the company you have chosen to research. Design an ethical code for the chosen company.
Which of the following is NOT a type of differentiation? When a company goes after a large share of a small market segment.
How can job evaluation procedures be used to determine if a healthcare organization is under compensating its female employees?
Several Hollywood films during the 1980's depicted the cold war, which was nearly over. How did this film reflect the feelings of Americans at the time?
How the project is structured – What are the requirements in terms of security design agreements .
Design an IT action plan for a professional organization during the year.
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