Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A company producing custom-made teddy bears is considering several options for expanding their existing capacity. There are 3 possibilities. The first is a low-end machine, which would take 10 minutes/bear for the (machined) manufacturing process. In addition, an average of 30 minutes of detail work would have to be done by hand (per bear). The second option is a high-end machine, which would take 8 minutes/bear, and reduce the amount of hand detail work to 25 minutes/bear. The final option is to subcontract out the bears. The subcontractor is willing to provide up to 400 bears per year for a flat fee of $2,000. Additional bears would cost $8 each. There is no difference in bear quality between the 3 options. It costs $10,000 to buy the low-end machine. Yearly maintenance is $1,000. The purchase price for the high-end machine is $15,000, while maintenance is $2,200. Management estimates the cost for running a machine at $6/hour. Labor costs are $15/hour. Assume the factory runs 350 days/year for 8 hours/day. a) If you expect a yearly demand of 12,000 bears, which option is the cheapest over a 3-year time horizon? b) If the service times on both machines are Exponentially distributed, and the job arrivals have a Poisson distribution with a rate as specified in part a), what is the expected time between the job's arrival at the factory to the time it is complete and can leave? (Assume that there are more than enough workers to cover the hand detail work c) At what arrival rates (demand levels) would the different options make sense, given a 3-year time horizon? Please write down the answer step by step especially for parts b and c.
Identify four people who have contributed to the theory and techniques of operations management? Briefly describe the contributions of the four individuals identified in the preceding question.
Does Geographic Location matter in International Trade and International Investment ?
Assume that it costs $480 to ship a 20-foot container and $600 to ship a 40-foot container. What is the total cost to get the containers to the United States. Do you include U.S. port costs in this part of the analysis
An accountable care organization
Squire Transportation (Squire) is a large national truckload (TL) carrier in the United States covering routes going both east-west and north-south. Squire’s average length of haul is 1,200 miles with approximately 10 percent empty miles.
Please select a brand that you are familiar with and describe the value that you derive from this brand. What needs does it fulfill?
maintains a strong culture based on a commitment to quality work and "green" building practice
How do companies use reengineering to redesign organizational processes?
Client acceptance report. Prepare a client acceptance report to the partner in charge of your engagement.
Provide an example of intertype competition that was not mentioned in the text.
What is “personality”? Why is understanding personality important to being an effective manager?
What is the profit if the traditional contribution margin method is used for determining? CKC's product? mix?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd