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Q. A company is deciding if it should do design of a product in-house or outsource the design. If outsourced the cost for a low bidder would be $40,000 and the cost for an expensive bidder $100,000. To do the design in-house would require over-time for an already stretched design team with total costs of $70,000. If all 3 designs (in-house, low bid, high bid) are equal in quality and the likelihood of finding a low bidder is 60% (meaning that 40% of the time the firm will have to hire the expensive bidder), should the company outsource design or do it in-house?
Do you throw out a lot of milk because of spoilage). Describe how might the ideas change your way of managing these SKUs.
marketing strategy, turnover in terms of revenue, Paid out rate
How do the two plants compare with respect to the cost of labor for making a car? For each location, what is the breakeven volume and what is the total cost at breakeven?
Compute the economic production quantity. Compute the annual minimum total cost. How many working days does each production run take? What is the level of maximum inventory? What is the cycle time.
A power Corporation in Missouri can buy coal for its generating plants from western mines in Utah or from eastern mines in Pennsylvania. Elucidate what is value of transportation from western mines.
Elucidate what is the recommended production rate if a level strategy is adopted with no backorders or stock counts. Elucidate what is the ending inventory for month 4 under this plan.
Find out in your organization an aspect of the operational process which could benefit from use of one or more of the given techniques: business or predictive analytics, dashboards, decision support systems and supply chain management.
Maggie Moylan Motorcycle Corporation uses kanbans to support its transition assembly line. Decide the size of the kanbans for the mains haft assembly.
This solution describes cultural influence on multinational negotiations. Culture has been referred to as the "silent language of overseas business." Discuss how the languages of time, space, things, friendship, and agreements influence negotiating..
Explain how much could the firm save Yearly in ordering and carrying costs by using the EOQ.
Illustrate what is the Yearly cost for ordering item X. (Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.) Yearly cost for ordering item $. Illustrate what is the Yearly cost for storing item X.
Determining potential methods of researching the issues, identifying the root causes of the issues, and determining the appropriate research instruments to collect data are all discussed. Examples are provided with the explanations.
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