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A firm wishes to determine the efficiency and utilization of a work center coposed of 3 machines each working 16 hours per day for 5 days a week. A study undertaken by the materials management department found that over the past year the work center was available for work 12,000 hours, work was actually being done for 10,000 hours, and work was performed 11,480 standard hours. Calculate the utilization, efficiency, and demonstrated weekly capacity. Assume a 50-week year.
The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from order
Which control should periodically reassess its approach to the marketplace with a good marketing audit? • Ethical control • Strategic control • Performance control • Ma
Explain Four 'P's of Marketing. Four 'P's of Marketing : Marketing may be described as a human activity directed at satisfying wants and needs by exchange processes. A market
Advantage of Vogel Approximation Method a. This method is very systematic. b. This method takes lesser time in solving transportation problem. c. Less computation a
1) One change method is to encourage testing activities throughout the change process. "Piloting" ideas throughout the change process gives opportunities that are safe to challenge
Marketers traditionally classify products on the basis of characteristics: durability, tangibility, and use (consumer or industrial). for each product type by way of real-life exa
What do you mean by operations strategy? Explain in brief.
How would you go about establishing your company and your product in an overseas market?
What are the major considerations regarding logistics alliances, for: a) initiation? b) implementation? c) maintenance? d) termination?
What is groupthink? Why can groupthink be detrimental to effective group functioning?
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