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Solve that problem graphically.
a) Identify the amount of unused resources (i.e. slack) at each of the graphical extreme points.b) what would be the effect on the optimal solution if the production time on line 1 was reduced to 40 hrs?c) what would be the effect on the optimal solution if the profit for the product B was increased from $7 to $15? to $20?
What are some obstacles to creating a flexible workforce? What are the benefits?
What is the break-even quantity beyond which the first process is more attractive?
Illustrate what is the yearly setup and holding cost for this item. Assume instead of small bolts we were talking about a bulky item such as packaging materials. Illustrate what problem might there be with your analysis.
A new personnel director recently insisted on implementing a policy of resume checks for hires on current employees receiving promotions who had not been through such checks
You are the new owner of a local ice cream store located in a strip mall adjacent to a university campus. You've decided to sell 20 flavors of ice cream and are contemplating whether to make the ice cream in-house or outsource its production.
How many defectives do you need to find (or more) in a sample of 20 so that you will shut down the line. You want to be 95% sure that there is a real problem beyond random noise before you shut down the line.
A service garage uses 120 boxes of cleaning cloths per year. Boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on annual basis. What is annual cost of ordering and carrying cloth.
What types of changes would you introduce to a newly rebuilt World Trade Center?
You need to increase capacity of your manufacturing operation by adding new equipment. Two vendors have presented proposals.
create and write down a standard/mathematical LP model and use Excel Solver to find the optimal shipping strategy for Company A, which minimize the total shipping costs.
Briefly discuss each of the seven periods in the evolution of purchasing and supply management. What do you forecast for the future?
What are the four properties that must be present in order to use binomial distribution? What are four properties that must be present in order to use the Poisson distribution?
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