Ideas for services to be provided by the grocery industry

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Reference no: EM132175952

1. Think of two creative ideas for services to be provided by the grocery industry. Be very specific in terms of the rationale behind your approach, and the systemic procedures (e.g., questionnaire) you would use to introduce your services to the market.

2. The following table lists the anticipated profits of four operations under three scenarios. Based on a maximin strategy, what plan should be chosen? Options Low Demand Medium Demand High Demand Plan A 110 160 200 Plan B 120 130 160 Plan C 145 110 165 Plan D 140 100 155.

3. Compute the required cycle time for a company that operates a production line for 7.5 hours per day with a demand of 8113 items per week (assume a five day work week).

Reference no: EM132175952

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