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Rolf Steps is the production manager for a local manufacturing firm. This company produces staplers and other items. The holding cost is $2 per unit per year. The cost of setting up the production line for this is $25. There are 200 working days per year. The production rate for this product is 80 per day. If the production order quantity is 200 units, what was the daily demand (rounded to the nearest whole unit)?A) 6 unitsB) 7 unitsC) 8 unitsD) 9 unitsE) None of the above
Describe a possible mission for operations also some associated strategies which fit subsequent business situations. Ambulance service. Production of standard automobile batteries.
Cary, Dean, and Madeline are partners in a furniture store. While on his way to deliver some furniture to a customer
Monthly demand of an inventory item follows a mean of 20 units and a variance of 4. Demand of the inventory is 12 units / month. When the inventory reaches a pre-determined level
Illustrate what is the theoretical minimum number of work stations. Assign tasks to work stations utilizing the longest task time heuristics (longest operating time rule). Explain how much total idle time is present each day.
Compute the takt time for a system where the total time per shift is 400 minutes, there is one shift, and workers are given two 20-minute breaks and 30 minutes for lunch.
Find out in your organization an aspect of the operational process which could benefit from use of one or more of the given techniques: business or predictive analytics, dashboards, decision support systems and supply chain management.
New York Linen argued in part that General Credit was not a holder in due course because of the notation on the second check. In whose favor should the court rule?
Each coffee table produced by the Timothy Kent Designers nets firm profit of $9. Each bookcase yields a $12 profit. This post describes how to find out the objective function for maximizing total profits and provides the answer.
Elucidate what is the lowest cost achievable for the production also distribution network after the merger if plants can be scaled back or shut down in batches of 10 million units of capacity. Which plants serve which markets.
The Good Chocolate Company makes a variety of chocolate candies, including a 12-ounce chocolate bar (340 grams). The output of the machine that fills the bar molds is approximately normal with a mean of 340 grams.
Distinguish between a minimization and maximization LP model. How do you know which of these to use for any given problem?
Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city.
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