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Quantitative methods can help managers evaluate al-ternative sales and operations plans on the basis of cost. These methods require cost estimates for each of the controllable variables, such as overtime, subcontract-ing, hiring, firing, and inventory investment. Say that the existing workforce is made up of 10,000 workers, each having skills valued at $40,000 per year. The plan calls for "creating alternative career opportunities"-in other words, laying off 500 employees. List the types of costs incurred when employees are laid off, and make a rough estimate of the length of time required for payroll savings to recover restructuring costs. If business is expected to improve in one year, are layoffs financially justified? What costs are incurred in a layoff that are difficult to estimate in monetary terms?
Your company has an average annual inventory of $70 million. Its annual cost of goods sold (COGS) is $560 million. Order costs are $195 per order, and inventory carrying costs are estimated at 23%.
Jack Simpson, contract negotiator for Nebula Airframe Company, is currently involved in bidding on a follow-up government contact. In gathering cost data from the first three units
Which of subsequent is not likely to command much strategic attention from top executive of companies pursuing an unrelated diversification strategy.
Davis Instruments has two manufacturing plants in Atlanta, Georgia. Project demand varies considerably from month to month, causing Davis extreme difficulty in workforce scheduling. Recently Davis started hiring temporary workers supplied by WorkForc..
Use a real-life example of when senior managers must create new strategic plans in order to address a legal, ethical, or corporate social responsibility issue. Elucidate how might new strategic planning have impacted planning done by managers thro..
Explain the importance of Mintzerg's structural archetypes? How did these categories have implications for innovation management?
Use optimization theory to analyze the below statement and tell me whether-thinking as an economist-you would agree or disagree with them and why
A good motor can be sold for $100 while a defective motor can be scrapped and sold for $15. Income consists of both the income from the sold motors and the scrapped motors.
what is the optimal delivery price to each customer if topoil aggregates each shipments to each of the three customers on every truck that goes to nashville? what is the total annual transportatioin and hlding cost? how many days of inventory are ..
Decide the hourly capacity of each process stage and the number of machines needed to meet an output rate of 50,000 units per hour. Explain how does facility layout impact your numerical analysis and process efficiency. Explain.
Why might an organization pay greater attention to adding social and environmental goals and objectives today than, say, 10 years ago? What does corporate social responsibility mean?
Describe the strategies managers can use for waste prevention and reduction.
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