Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Course: MNGT-520 Advanced Production Management Chapters: Service Level and Lead Times: Chapter 14 Reduce and Hedge Uncertainty: Chapter 15 QUESTION 1 Jim is a CFO of a mid-sized construction company. One of his key tasks is to ensure that the company has sufficient cash to pay its daily and hourly workers who are hired whenever need arises. The company operates all 365 days a year and Jim estimates that on any day his payroll is Normally distributed with mean $25,000 and standard deviation $7,000. Jim manages his cash reserves using the order-up-to model: each morning he places an order for cash with the bank and the armored vehicle arrives 2 days later with the money. It is company's policy to pay all workers on the same day, but in rare cases when the company runs out of cash it pays workers as soon as possible while increasing their paycheck by 1% for each day of delay. For each dollar carried the company incurs 15% cost annually which includes cost of capital and insurance. 1. What is the profit-maximizing order-up-to level for cash? 2. Suppose Jim is interested in ensuring that the company immediately satisfies all employee salary requirements with a 95% probability. What is the corresponding order-up-to level?
What is the productivity?
Which control should periodically reassess its approach to the marketplace with a good marketing audit?
1.corporate mission and objectives2.analysis of the industry in which the firm is operating. the industry analysis
create a staff development plan for a coding staff for the coming year. Consider the types of training available. Prepare a budget for staff development.
In a four- to- five- page paper (excluding the title and references page), address organizational processes and change. Write a paper using the five steps in the organizational process found on page 200 in the text. In your paper, you must
Formulate a model to the problem and solve determine the optimal schedule for satisfying the demand for the component over the next 6 months.
What is networking? How might a real eastate salesperson use networking to identify prospects?
Prepare a presentation of 5-6 slides of your major findings. You may group a category of data from the Total United States and zip code 60614, and create a graph to show how they differ. The presentation should have at least one graph and a headli..
Some have argued the Six Sigma programs are merely repackaged versions of older quality improvement programs that originally accompanied TQM initiatives in the 1980s
A fast-food restaurant can processes on average 1,500 customers per day (15 hours). On average there are 75 customers in the restaurant (waiting to place the order, waiting for the order to arrive, eating, etc.). How long does an average customer spe..
What is the average time spent by each order waiting to be processed? Assume that the orders coming in are either small or large. Small orders are for an average of $500 and large orders are for an average of $5,000
If we understand how people think and behave in their native environment, we will understand how a particular group will behave in relation to cultural outsiders.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd