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A manufacturer uses a purchase part whose demand over any time period of length t (in years) can assume to be normally distributed with mean 200t and variance 400t. The part cost $20 each. The lead-time is 4 weeks. The annual carrying cost rate is 0.2 $/$/year. All shortages are backlogged and the shortage cost is proportional to the number units short, where the backlogged cost is $16 per unit. The setup cost is $100. A reorder point (s,Q) policy is used. (Assuming 52 working weeks within a year). a) Find the optimal order quantity and the reorder point. b) Find the average total relevant cost (setup cost, inventory holding cost and shortage cost)
What are your thoughts about moving all of the staffing process online? We have online application forms, assessments, resume collection and evaluation tools
You are concerned about the cost of accepting this proposal, especially since it is not clear that LPL will realize any savings or additional revenue from the conversion.
According to the eigenvalue criterion, only components with eigenvalues greater than 1 should be selected. each component should explain at least one variable's worth of the variability
Sport utility vehicles (SUV), vans and pickups are generally considered to be more prone to roll over than cares. In 1997, 24.0% of all highway fatalities involved roll overs; 15.8% of all fatalities in 1997 involved SUVs.
Define the decision variables and write the linear program appropriate for maximizing monthly profit contribution. What is the optimal solution?
You have been asked to join a strategic planning discussion, and hoping to contribute to the meeting, you decide to take one more look at United Airlines' situation to see if you can formulate some insight that could give the company an edge again..
How is the activity of listening impacted by the particular situation?
Some tasks and the order in which they must be performed according to their assembly requirements are shown in the following table. These are to be combined into workstations to create an assembly line
Assuming that I am the negotiator who is tasked with a salary and benefits dispute between a large municipal county with a strong mayor and the sheriff's department for the county.
Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,000; winter, 8,000; spring, 7,000; summer, 12,000.
You are an OD consultant for the Working Better Group. The President of a firm, BARTH Inc., requested a meeting with you to explore how you can help him
Assume a midpoint of $32,000 per year and a 40% range spread. The individual is curretnly being paid at an 83% compa-ratio. The individual receives a 7% pay increase.
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