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Wholemark is an internet order business that sells the popular New York greeting cardonce a year. The cost of paper on which the card printed is $0.05 per card, and the cost of printing is $0.15 per card. The company receives $2.15 per card sold. Since card have the current year printed of them, unsold cardshave no salvage value. The customers are from the four areas: Los Angeles, Santa Monica,Hollywood, and Pasadena. Based on the past data, the number customers form each of the four regions is normally distributed with mean 2,000 and standard deviation 500. (Assume these four are independent). What is the optimal production quantity of the card?
The Central Valve Company sells industrial valves and fluid control devices. One of Central's most popular valves is the Western, which has an annual demand of 5,000 units.
Pick a company. Describe the switching costs that the company would incur if it began to phase out its current suppliers and pick new suppliers.
A town's department of public works is concerned about adverse public reaction to a sewer project that is currently in progress. Because of this, the Commissioner of Public Works has authorized a weekly survey to be conducted of town residents
Discuss the importance of diagramming tools for process modeling. Without such tools, what would analysts do to model diagrams?
What are the four major goals for IT? How are the four goals achieved? How does the integration of IT improve the management of supply chains?
Categorize the following causes of complaints into a cause-and-effect diagram: tools, scheduling, defective parts, training, billing system, performance measures, diagnostic equipment, and communications.
Identify, discuss, and be specific on five differential costs that might exist between the two options
A toll tunnel has decided to experiment with the use of a debit card for the collection of tolls. Initially, only one lane will be used. Cars are estimated to arrive at this experimental lane at the rate of 780 per hour.
ABC Co manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for this item is 50000 unites. Assume 250 working days per year.
Fatigue is a major safety concern in the aviation industry. How does safety management address fatigue issues yet accomplish the job without incurring more costs in the company.
Aggregate demand for a product family is given in the table below for the four quarters of 2008. The inventory cost is $2 per unit per quarter.
Construct a network using the AON (Activity on Network method) like we did in class. Show how you calculate the path in weeks for each of the three paths.
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