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Q. Illustrate what is virtual network approach to structure? Is use of authority also responsibility different compared with o r forms of departmentalization?
Q. Injection molding department of a company uses an average of 30 gallons of special lubricant a day. Supply of lubricant is replenished when amount on hand is 170 gallons. It takes four days for an order to deliver. Safety stock is 50 gallons, which provides a stock out risk of 9 percent. Illustrate what amount of safety stock would provide a stock out of 3 percent? Assume normality.
Explain how many hours do you expect the assembly of the 100th unit to take. Is the contract‘s assumption about the average labour hours per unit valid or should the price be revised.
A furniture company manufacture desk and chairs. . Given that the profit per chair is $50 and that of the desk is $100, determine the optimal production mix for the company.
You are a new CEO of a large business. Your supply chain department managers are very good; explain however, they have a hard time cooperating with each or on mutual business goals. Each 1 tries to maximize their areas results. Explain how would y..
Describe how should we define "fair" compensation. Elucidate what tests/procedures would you recommend to an organization to determine whether the ways in which they compensate employees is "fair".
The organization needs to describe the number of chairs also table to produce each day in order to maximize profit. Formulate a linear programming model for this problem.
Assume that for political reasons no road can be built connecting Gary and Fort Wayne and no road can be built connecting South Bend and Evansville. Illustrate what is the minimum length of road required.
Find out Optimum No. of Equipments to be placed per day to be Loaded at minimum cost.
Alpha Products, Inc. is having a problem trying to control inventory. There is insufficient time to devote all its items equally. Here is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume.
Explain how many tires should Rocky Mountain order each time it places an order. Assuming Rocky Mountain Tire Center orders (answer from above) tires per order, illustrate what is total annual cost.
How do you formulate this as a goal programming problem? Suppose that all of goals are equally important. Mick Garcia, a certified financial planner (CFP) has been asked by client to invest $250,000. This money may be placed in stocks, bonds, or a m..
Illustrate what is the probability that both service clerks are idle. Explain how many customers, on average, are waiting in line in front of each service desk.
Shoe Stores carries a basic black dress shoe for men which sell at a rate of 500 each quarter. Their current policy is to order 500 per quarter, with a fixed cost of $30/order. Annual holding cost is 20% of cost of items held. Subsequent cost stru..
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