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An operation manager of a chemical manufacturing plant must determine the lot size for a chemical that has a steady demand of 1,450 litres per day. The production rate is 6,850 litres per day, setup cost is $200, annual holding cost is $0.21 per litre, and the plant operates 350 days per year.
Determine the production order quantity (POQ), the number of orders and the time between orders. What is the total annual setup cost? What is the total holding cost per year? Using an appropriately labelled diagram, graph setup cost, holding cost, and total inventory cost, and show the optimal production order quantity and the minimum total inventory cost. What is the setup time in hours, based on a $25 per hour setup labour cost?
Your family asks you to become President of your family owned construction and CM organization. You have $90 million in annual revenues and you want to grow by 20% per year. What is your approach? Consider, who and how many you hire; experience; skil..
Why are social perception and managing diversity essential for organizational success?
Briefly describe the implications of poor forecasting on a supply chain;what are some of the things that can happen as a result of inaccurate demand forecasts (chopra&meindl,2016)
Piercing the Corporate Veil Local farmers in Manchester, Iowa, decided to build an ethanol plant.
The project's WACC is estimated to be 10%. Using EXCEL find the MIRR (5 pts.)? Now, find the MIRR without using Excel (4 pts.). Show your work.
An automobile manufacturing company produces three lines of cars: Sub-Compact, Compact, and Mid-Sized,
What kind of advice do you give to a potential buyer regarding the value of the company?
You are Chief Operating Officer (COO) of a small corporation. Due to recent harsh economic times, the corporation will have to make cuts in current operation.
A hosiery buyer plans to purchase 7,200 pairs of socks for a pre-Christmas sale. The unit retail price is planned at $7.50, and the markup goal.
Use tools to identify an organization’s current and future strategic position.
Now that you have studied customer service and the management of customer service,
Imagine that you are writing a scholarly paper for consumption by a new undergraduate student in the project management program.
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