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A craftsman named William Barnes builds two kinds of birdhouses, one for wrens and a second for bluebirds. Each wren birdhouse takes 4 hours of labor and 4 units of lumber.
Each bluebird house requires 2 hours of labor and 12 units of lumber. The craftsman has available 60 hours of labor and 120 units of lumber. Wren houses yield a profit of $6 each, and bluebird houses yield a profit of $15 each.
a) Write out the objective and constraints.
b) Solve graphically.
Consider a continuous review inventory system. Demand is normally distributed with an average of 13,600 per month and a monthly standard deviation of 225 units. Lead time is one week. If the firm desires a 97% CSL, how many units of safety stock shou..
What is an offering?
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Ex-Roche Chairman Franz Humer committed the parent company to sustaining Genentech's "innovative culture", and his successor, Severin Schwann, has stated that he intends to "keep the two respective research and early development organizations as inde..
The firm decides that television advertising should be limited to $500,000 per month. Its objective is to maximize the total expected exposure per month.
Are the leadership challenges different in ad hoc project groups than in established long—term teams? What are the differences? How can these be managed?
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