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A manufacturer of industrial sales has production capacity of 1,000 units per day. Currently, the firm sells production capacity for $10 per unit. At this price, all production capacity gets booked about one week in advance. A group of customers have said that they would be willing to pay $15 per unit if capacity was available on the last day. About ten days in advance, demand for the high-price segment is normally distributed with a mean of 250 and a standard deviation of 100. How much production capacity should the manufacturer reserve for the last day?
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.
Orders arrive three days from the time they are placed. Daily holding prices are equal to five percent of the price of the beer. If he were to order 16 cases of Stein beer at a time, illustrate what would be the length of an order cycle.
Formulate a balanced transhipment problem (draw the transportation tableau) which can be used to minimize the shipping costs incurred in meeting consumers' demands. Solve the problem by utilizing QM for Windows.
They plan to use this production line ten hours a day in order to meet forecasted demand of 900 units per day. The subsequent table describes the tasks necessary to produce this product.
Can Julia delete one of the financial alternatives also still offer investment choices for both risk seekers also risk avoiders.
Three hundred and sixty boxes are to be shipped, and each box has a price of $146. Which shipping alternative would you recommend?
produced free of a particular defect and passed inspection. Based upon Six-Sigma theory, explain how you would rate this performance, other things being equal.
Susan has a part-time "cottage industry" producing seasonal plywood yard ornaments for resale at local craft fairs and bazaars.
Illustrate what can a manager learn from characteristics also activities of this particular team. Elucidate how might factors which contribute to this team's success be adopted in a business setting.
Compare the steps described for the B2B buying process with the steps your own consumer buying process. Identify areas where the processes are similar as well as where the processes are different.
Illustrate what do you think are risks involved (to HR and organization as a whole) if HR does not make this a priority and instead remain a purely task-oriented department mostly administrative in nature.
Illustrate what do the initial control charts tell you. Do any out-of-control conditions exist. Illustrate what is the process capability. Illustrate what do the process capability indexes tell the company.
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