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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.
Assume you are the project manager for a software company and your team is in charge of delivering an update to tax preparation software for the next tax season. The project team h
Variations in Volume, Variety and Flexibility - Operations Function A classification which is of particular significance for the various issues considered in this course, re
Importance of performance measurement 1. Research reveals that many institutional investors are basing their decisions, in part, on a review of company's non financial perfor
What general advice should a public relations professional consider in working with a lawyer?
Christopher's Cranks uses a machine that is designed to produce 100 cranks per hour. The firm operates eight hours per day, five days per week. Due to operating constraints (regu
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 custo
What are the three governmental levels of correctional systems?
Symbols, stories, and heroes are important because they ------------------------ entertain executive level management. Address the concerns of government. Acquaint customers to the
You buy a 5 year bond with a 8% coupon rate, a YTM of 8% and a $80,000 face value. What will your annualized holding period return (HPR) on this investment be if you hold the bond
How might incentives stimulate positive organizational behaviours? Discuss the place of rewards and punishments for organizational members. What is it important to know? What incen
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