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Plan production for a four-month period: February through May. For February and March, you should produce to exact demand forecast. For April and May, you should use overtime and inventory with a stable workforce; stable means that the number of workers needed for March will be held constant through May. However, government constraints put a maximum of 5,000 hours of overtime labor per month in April and May (zero overtime in February and March). If demand exceeds supply, then backorders occur. There are 100 workers on January 31. You are given the following demand forecast: February, 83,200; March, 64,000; April, 100,200; May, 40,200. Productivity is four units per worker hour, eight hours per day, 20 days per month. Assume zero inventory on February 1. Costs are hiring, $42 per new worker; layoff, $62 per worker laid off; inventory holding, $10 per unit-month; straight-time labor, $10 per hour; overtime, $15 per hour; backorder, $20 per unit. Find the total cost of this plan. (Negative values should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Round your answers to the nearest whole number.)
What are some Successful Strategies for Using Money to Motivate Learning
Apply the industrial organization model and the resource-based model to determine how your corporation could earn above-average returns.
How do the principles of learn, serve, and grow relate to building relationships? What does it mean to really learn about someone, really serve them, and then actually grow with them in a business relationship?
Forecast the number of accidents that will occur in May, using least-squares regression to derive a trend equation.
Which of the following is not an event or concept associated with the quality revolution in operations management that occurred during the 1970s, 1980s and 1990s?
A local franchise must buy a new piece of equipment in 5 years that will cost $97,000. The company is setting up a fund to finance the purchase. What will the quarterly deposit (end of each quarter) be if the fund earns 9% interest?
If Eye-Full makes a profit on $150 on each scope, $220 on each pair of binocs, and $300 on each microscope, how many of each should the company manufacture each day? What is its daily profit?
offers the prospect of gaining an immediate competitive advantage in the new industry and thus helps ensure that the diversification move will pass the competitive advantage test for building shareholder value.
We have touched on delicate balance of successful marketing also perhaps social ethics. Explain how do we balance this with our new found POWERFUL knowledge of consumer behaviour.
Unit I began the discussion on the five process groups of project management. List the five process groups and describe in detail each process group. Make sure to explain the purpose and function of each process group.
Traditionally theorist suggest that the managerial function of controlling should not be confused with control in the behavioral or manipulative sense. This function does not imply that managers should attempt to control or to manipulate the personal..
The restaurant would serve dinner Tuesday through Saturday. Brian has noticed a restaurant for lease. The restaurant has seven tables, each of which can seat four.
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