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A company is about to begin production of a new product. The manager of the department that will produce one of the components for the product wants to know how often the machine used to produce the item will be available for other work. The machine will produce the item at a rate of 200 units a day. Eighty units will be used daily in assembling the final product. Assembly will take place five days a week, 50 weeks a year. The manager estimates that it will take almost a full day to get the machine ready for a production run, at a cost of $ 300. Inventory holding costs will be $ 10 a year.a. What run quantity should be used to minimize total annual costs?b. How many days does it take to produce the optimal run quantity?c. What is the average amount of inventory?d. If the manager wants to run another job between runs of this item, and needs a minimum of 10 days per cycle for the other work, will there be enough time?e. Given your answer to part d, the manager wants to explore options that will allow this other job to be performed using this equipment. Name three options the manager can consider.f. Suppose the manager decides to increase the run size of the new product. How many additional units would be needed to just accommodate the other job? How much will that increase the total annual cost?
What does your strategic group map of the energy drink, sports drink, and vitamin-enhanced beverage industry look like? Which strategic groups do you think are in the best positions? The worst positions?
Using the Web search engine, find five examples of corporate vision statements, corporate mission statements and goals. Do these examples express concerns for the security of corporate information?
Speculate on applicability of Gunelius's analysis to your business idea for this course. Do you think se trends will remain relevant through next decade. Illustrate what changes do you think will occur also explain why.
What triggered the new product strategy at Minnesota Biolabs? What prediction would you make for the success of getting the country general managers in Europe and Japan to adopt the new product?
Identify two fundamental differences in the motivational theories of Frederick Winslow Taylor's Scientific Management and in Elton Mayo's human relations perspective as illustrated by the HawthorneStudies.
Create an argument for diversification of Starbucks that will be presented to the broad of directors or business investors.
In the implementation of the welfare system, it is established and primarily funded by the federal government.
Simulate the system by using ARENA Simulation Software for 5000 hours. (Take the screenshots of general model and each module you used. For example if you used the create module open it and take the screenshot in order to show how you entered the inf..
As a supervisor of a production department, you must decide the daily production totals of a certain product that has two models, the Deluxe and the Special. Formulate the above problem as a linear programming problem. Find the solution graphically t..
1. Which project progress technique includes the essential features of a project plan, budgeted cost of work scheduled and budgeted cost of work performed? 2. Which of the following would be the result of subdividing a project?
A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country with low wages but with a highly skilled pool of physicians. Responding to each call takes on a..
Discuss and summarize the author's key points in the article titled "Conflict Management Strategies Used in Successful Family Business". The authors are Kenneth Kaye and Ritch L. Sorenson.
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