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A manufacturer of thermostats uses a kanban system to control the flow of materials. The packaging center processes 10 thermostats an hour and receives completed thermostats every 30 minutes. Containers hold 5 thermostats each.
(a) How many kanbans are needed for the packaging center?
(b) If management decides to keep two thermostats as safety stock, how many kanbans will be needed?
Consider a firm that is considering marketing its innovation in multiple countries. What factors should this firm consider in formulating its protection strategy?
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Formulate and solve this LP production-mix situation, and find the best combination of air conditioners and fans that yields the highest profit.
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What is the difference between a holder and a holder in due course? Define each and explain the differences.
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