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The forecasted demand for fudge for the next four months is 140,160,90 and 70 pounds. A) What is the recommended production rate if a level strategy is adopted with no back orders or stockouts? What is the ending inventory for month 4 under this plan? B) What is the level production rate with no ending inventory for month 4?
Please support your answer with examples of current organisational changes for example Qantas, Samsung, Toyota. Transition to change may be challenging illustrate what approach can we adopt when implementing change.
First printing has contracts with legal firms in San Francisco to copy their court documents. Daily demand is almost constant at 12,500 pages of documents.
Why is forecasting important in organizations, especially as related to understanding the relevant time horizon to develop a forecast against? What are some examples from industry?
What changes might MB make in its design in order to better promote the transfer of new products across national borders?
How many workstations will be required next year to meet expected demand without using overtime and without decreasing the firm's current capacity cushion?
Assuming stock out costs for lost sales of $ 100 per unit, inventory carrying costs of $25 per unit per month and zero beginning and ending inventory, evaluate these two plans on an incremental basis:
The probability of concluding that assignable variation exists when only random variation is present is: (I) the probability of a type I error, (II) known as the alpha risk
Most of your supplies are purchased from just a few distributors that call on your store once every two weeks.
Elucidate how well is project doing in terms of priorities. If one of industrial engineers assigned to your project would be available to work on project from Aug 22-27, 2008. Illustrate what would you tell him.
In early 2001, investment spending sharply declined n the U.S.. In the two months following the Sept. 11,2001 attacjs on the U.S., consumption also declined. Use AD-AS analysis to show the two impacts on real GDP.
What is meant by mass customization? How can market conditions and consumer desires affect customization? Explain any price considerations that must be factored into the mass customization decision.
Define the decision variables and write the linear program appropriate for maximizing monthly profit contribution. What is the optimal solution?
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