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Wood Specialties Company produces wall shelves bookends, and shadow boxes. It is necessary to plan the production schedule for the next week. The wall shelves, bookend, and shadow boxes are made of oak, of which the company has 600 board feet. A wall shelf requires 4 board feet, bookends require 2 board feet, and shadow box requires 3 board feet. The company has a power saw for cutting the oak boards into the appropriate pieces; a wall shelf requires 30 minutes, bookends require 15 minutes, and a shadow box requires 15 minutes. The power saw is expected to be available for 36 hours next wee. After cutting, the piece of work in process are hand finished in the finishing department which consists of 4 skilled and experienced craftsmen, each of whom can complete any of the products. A wall shelves requires 60 minutes of finishing, bookends require 30 minutes, and shadow box requires 90 minutes. The finishing department is expected to operate for 40 hours next week. Wall shelves sell for $29.95 and have a unit variable cost of $17.95; bookends sell for $11.95 and have a unit variable cost of $4.95; a shadow box sells for $16.95 and has a unit variable cost of $8.95.
Formulate (don't solve it) as LP problem (you should include the objective function and constraints). Use W, B, and S as the decision variables.
What are some of the typical risk variables with a project? What additional risks are most likely to occur in your project? How can you mitigate these risks?
(a) Develop a scatter diagram. (b) What is the correlation coefficient? (c) What is the coefficient of determination?
Evaluate the concept of market competitiveness in relation to an organization’s pay system, particularly when it is unable to offer its employees market competitive salaries due to a lack of financial resources.
The carrying cost is $20 per product per month. Inventory on hand at beginning of month 1 is 25. Develop an algebraic formulation of the production planning problem.
A bank's savings account statements contain 24 items of account information. Last month, 2500 bank statements were checked and 52 errors were found in the account items. What is the dpmo value?
What do you think are the benefits and the disadvantage of these two methods of decision making?
Some have suggested one of the primary roles of those in a leadership position is to focus on supporting the self-worth of followers which, in turn, leads to task performance provided to the leader. Consider ways follower perceptions of leaders and l..
Recent financial reform legislation capped the fees that banks are allowed to charge retailers when customers make purchases with debit cards. Down from an average of 44 cents per transaction, the top "swipe" fee is now 21 cents. Retailers, who eithe..
case analysisthe arnold palmer hospital aph in orlando florida is one of the busiest and most respected hospitals for
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Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnson's expected demand for the display cases is 1,000 units, and average daily demand is 3 units.
i which ratio measures a firms leverage?a.debt-to-equityb.current c.return-on-assets d.asset
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