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A company needs to meet the demand over the next four quarters, and has currently 5000 parts in inventory. The expected demand over the next four quarters is 7000, 15000, 10000, and 8000. The company has enough capacity to produce 10000 parts per quarter at a cost of $2000 per part. Using over time the company can make up to and additional 2500 parts at a cost of $2200 each. The ending inventory in the fourth quarter is assumed to be zero. the part in inventory are charged $100 for caring costs. Find minimum cost. How many part should be produced in each quarter at regular time and how many parts to produce in overtime, and how much inventory to carry in each quarter.
Formulate a linear program model that can be used in lingo.
Find optimal solution, like MAX Z=
After reading the following scenario, please respond to the three questions below. Be as inclusive as possible: identify all theory and relate to scenario.
A group of parts is to be manufactured on two machines: machine A and machine B. 60% of the parts will be manufactured on machine A. Machine A produces defective parts (D) 10% of the time while Machine B produces defective parts 20% of the time. Calc..
There are several accepted methods of determining the monetary advantage of one investment opportunity over another: The payback method; zero discount rate; net present value; internal rate of return; modified internal rate of return; etc.
Employees whose performance is good or excellent will receive a bonus. Run, save, and then close the query.
What you have learned thus far about leadership and organizational culture, do you support or refute Guthrie's position?
the workplace in addition to effectively providing training to all fleet drivers to ensure professional driving and safety procedures.
How do you determine a Total supply chain toal cost of supply analysis and the cost of operations per day given the following: Supposed to use the following formula if possible for TAC: TAC=pD+ freight cost + (Q/2+pipeline inventory)H+ admin costs
Assuming most everyone learned their morals and ethics within their households,
Why do retail managers need to consider ethical issues in making decisions? How can small retailers compete against larger chains?
Managing the supply chain has become the key to successful operations management.
We all face different types of decisions. Decisions can be categorized into two categories - structured and non-structured.
Write down the challenges for public sector unions that lack the union support because of “free riders” and “cheap riders.”
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