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A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $1,500, what is the reduction in work in process value?
Work the linear programming word problem below. A candy company makes three types of candy, solid-center, fruit-filled, and cream-filled, and packages these candies in three different assortments
Gibson Products produces cast bronze valves for use in offshore oil platforms. Currently, Gibson produces 1600 valves per day. The 20 workers at Gibson work from 7 a.m. until 4 p.m.
What is the probability that the "BX" tire will last beyond 46,000 miles?
Examine two (2) issues of standardization and localization in general for MNEs. Determine two (2) ways in which an organization would benefit from standardization of IHRM activities.
Line will operate for 450 minutes per day. Illustrate what is minimum number of workstation needed if maximum output rate is to be sought. Illustrate what range of output is theoretically possible for line.
You are scheduled to interview with the Board of Directors for the open Chief Operating Officer position at Under Armour.
Develop a material requirements plan that will yield 100 units of product A at the start of week.
Indicate the effect that the following will have on the operating cycle. Use the letter "I" for increase, "D" for decrease and "N" for no change.
Why are vision and mission statements important to strategic development? How might leaders and managers view and use vision and mission statements differently?
A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples, and carrying costs are $0.80 per box on an annual basis.
Find the optimal order quantity, what is the reorder point and how often should an order be placed
Discuss the events or uncertainties that are most likely to cause trouble in the implementation of your recommendations and how you would react to them if they were to occur.
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