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A small furniture manufacturer produces tables and chairs. Each product must go through three stages of the manufacturing process: assembly, finishing, and inspection. Each table requires 3 hours of assembly, 2 hours of finishing, and 1 hour of inspection. Each chair requires 2 hours of assembly, 2 hours of finishing, and 1 hour of inspection. The profit per table is $120 while the profit per chair is $80. Currently, each week there are 200 hours of assembly time available, 180 hours of finishing time, and 40 hours of inspection time. To keep a balance, the number of chairs produced should be at least twice the number of tables. Also, the number of chairs cannot exceed six times the number of tables. Formulate this as a linear programming problem. Carefully define all decision variables.
For the first time in US history, in 2012 the first ever “natural decrease” in population occurred among whites of European ancestry. Simply put, the demographics of the American population and subsequently the labor force is changing rapidly. With a..
Your recently founded entrepreneurial company has developed a disruptively innovative product that will make all current cell phones obsolete (use your imagination!). You have every indication that your product will be a huge success. What is your ma..
You pull together your Core Liaison Group and start TT&E. What sort of training and exercises would you go through to help prepare your team for the eventual zombie attack and viral infection?
Should it be classified as a low-cost provider strategy? A differentiation strategy? A best-cost strategy? Explain your answer in 250 words or more.
What is the impact of the Sarbanes Oxley Act and its impact on governance and senior management?
You are the one doing the analysis and gathering information to make the determination on fixed cost, variable cost and breakeven.
Outline Porter’s Five-Forces Model. Does it help to explain competitive behaviour between firms?
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How much space will be left unused AND How many minutes of idle time remaining for setting up the display
You would like to construct an aggregate production plan for product X341 for the next four quarters. Suppose that you want to use a chase strategy that increases and decreases production level to meet the quarter demand.
Describe the business processes it addresses and impacts. Describe how the IS changed the business.
Business success in the increasingly complex global economy, demands a high degree of productivity and effectiveness from all employees.
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