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The forecast for monthly demand is given below. On average there are 22 production days in a month. It takes one worker three days to complete one unit. The current production work force level is 50 employees. The cost of hiring an employee is $500, and the cost of firing an employee is $450. Regular time pay per employee is $1,250 per month. The cost to hold an ending inventory for a month is $4 per unit. The current level of inventory is 800 units. As protection against unforeseeable demand fluctuations, the ending inventory for each month is planned at no less than but as close as to 800 units. Develop separate production plans for chase and level strategies. What is the cost over 12 periods for each plan? Which plan is better?
Planning period Monthly demand 1 372 2 414 3 395 4 381 5 418 6 359 7 386 8 398 9 409 10 417 11 421 12 425
Westside Auto purchases a compant used in the manufacture of automobile generators directly from the supplier. Westside's generators production operation which is operated a constant rate.
How does a CMO view Products/Brands? In your answer include the topics of "product/brand loyalty," "product/brand equity," and "leveraging products/brands" to build competitive marketing advantage.
There are a variety of theories of motivation, many of which are complementary. Of the main motivational theories described in the text, which theory or theories do you think would apply most fully to the people you had take the self-assessments.
For example, if your answer is $2.1456 per dollar spent, fill in as 2.15. Do the rounding only at the last step to make sure your number is accurate enough.
How do you identify stakeholders within a project? illustrate graphs and other tools to accomplish this.
Explain how much safety stock provides a 95% service level to Thomas. Illustrate what should the reorder point be.
What is supply chain management? How does supply chain management differ from value chain management? How does value chain management satisfy customer requirements?
What is the concept of comparative norm in determining the basic wage rate? Why there are limitations to this approach?
Customers arrive at an automated coffee vending machine at a rate of 4 per minute, subsequent a Poisson distribution. Coffee machine dispenses a cup of coffee in exactly 10 seconds. Illustrate what is average number of people waiting in line.
How can an understanding of organizational behavior help a manager improve employee job satisfaction and decrease turnover?
Outdoor furniture manufactures two products, benches and picnic tables. The firm has 2 main resources: its carpenters(labor force) and supply of redwood for use in furniture. This query contains 1 Linear programming problem solved by using QM for wi..
The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons.
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