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Old Japan Pottery Co. produces glazed bowls and jugs using two furnaces, one to fire the clay and another to set the glaze. A bowl takes 2 hours to fire in the first furnace, and 1.5 hours for the glaze to set in the second furnace. A jug takes 3 hours to fire in the first furnace, and does not need to glaze in the second furnace. The first furnace has 42 hours of available time, while the second furnace has 22.5 hours of available time. A bowl sells for $30 and a jug sells for $42. How many bowls and jugs should they create to maximize their gross profit? Formulate a linear programming model to solve this problem. List the extreme points and determine the solution graphically. You do not need to submit your graph.
Compare and contrast the various multi-skill-based pay systems—the stair-step model, the skill blocks model, the job-point accrual method, and the cross-departmental model.
The manufacturer offers the following purchasing options: Units Price 0-99 1,000 100-299 950 300-499 900 500-999 850 1000+ 800 a. Find the order quantity that minimizes total cost. b. Find the new total inventory cost (include safety stock). c. Fi..
Find two examples of goods or services that have no real value. Remember the concepts of segmentation and positioning: do not identify things that have no value to you, but rather things that have no value existing for anyone.
Project integration management’s final process is to close the project. Which of the following is a reason for this process? a. To indicate the project has ended b. To release all resources from the project c. To celebrate the conclusion of the proje..
In your opinion, what does it say about a company that insists on an exit interview for employees leaving the organization voluntarily and what does it say about a company that has no policy of providing an exit interview.
All airplane passengers at the Lake City Regional Airport must pass through a security screening area before proceeding to the boarding area. The airport has three screening stations available, and the facility manager must decide how many to have op..
With reference to Strategy Capsule 3.1, use the five forces framework to explain why profitability has been so high in the US market for smokeless tobacco. Do you think this profitability is sustainable? Why? or Why not?
The cost of assigning the 30-ton truck to the three counties is $100 to Polk, $85 to Dallas, and $50 to Jasper. Formulate and solve a mixedinteger linear program to determine how much to ship to each county.
Navigate to the threaded discussion below and answer the following: Estimate the current and future demand for one of the following items utilizing two different methods for current demand and two different methods for future demand as outlined in th..
Your management team has been retained by a senior manager who is concerned about the effectiveness of his managers and their leadership abilities.
Summarize using your own words the following: Definitions of virtual supply chains, How virtual supply chains function, Advantages of virtual supply chains, Disadvantages of virtual supply chains.
Scanning units help organizations gather information from the environment. In making a good diagnostic model, "hands on" knowledge and practical information are more important than organization theory. By nature of the "open systems" model, organizat..
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