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In this week, the scenario will specify an existing problem with the BOM that affects the aggregate plan and MRP. You need to evaluate the problem and propose a remedy for the problem.
You are working in a printer manufacturing company. Currently your company produces six different configurations of a similar product (assume a printer that competes with Hewlett-Packard). Engineering changes occur on a frequent basis to correct quality or performance issues, and this means that a new part number and new item become part of the BOM. The new part replaces an old part that was causing the quality or performance problem. Engineering changes can be implemented at any time throughout the year as company policy stands today. This frequently results in production mistakes where old parts are used after the engineering change has been issued. In some instances, old parts and new parts have been used and shipped in the same order to distributors or retail customers.
Develop a proposal plan for handling engineering changes in a more controlled manner so that the BOM problems mentioned above are eliminated and the planning process is improved. Present the proposal as a memo to your boss, Mr. Matt R. Plann, the director of material management.
Demand for refrigerators is often explained as cyclical and very sensitive to refrigerator prices & interest rates. Given these characteristics, explain the effect of each of the following in terms of;
Would you assume this as an externality, and if you do, what would you suggest be done about it.
A decision making model is more beneficial than simple comparing costs and benefits because decision making model encourages you to consider multiple options?
One supply-side measure introduced by the ReaganAdministration was a cut in income tax rates. Use an aggregatedemand/aggregate supply diagram to show what effect was intended.What might happen if such a tax cut also shifted the aggregatedemand cur..
In the late 1960s, Milton Friedman and Edmund Phelps argued that there was not a structural relationship between inflation and unemployment rates. In particular, the trade off could only exist in the short -run.
The engineering approach to price estimation is depends on the least cost available technology needed to achieve a given level of abatement. The survey approach to cost estimation relies on estimated abatement expenditures obtained directly from pol..
Every so often, a disgruntled college graduate sues her school on grounds that her tuition payments did not land her the good job she was expecting when she started there. Courts invariably throw out cases like hers. They are, however, willing to ..
Other things equal, and given that the elasticity of demand for health care is 0.2, a 10 percent increase in the price of health care in the United States will reduce the quantity of health care demanded by about.
Compute the path of the economy, that is , calculate real GDP, the price level, the inflation rate and real money stock for each year until GDP I swithin 1% of the potential. (limit calculated values to 10 decimals points)
Illustrate what are the four stages of the Business Cycle. Compare and Contrast five internal and external Business Cycle theories.
Consider a nation with an economic structure consistent with assumption of classical model. Assume that businesses in this country suddenly anticipate higher future profitability from investments they undertake today.
Associate a current event article which relates to government regulations or antitrust activities.
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