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Swearingen and McDonald, a small furniture manufacturer, produces fine hardwood tables and chairs. Each product must go through three stages in the manufacturing process - assembly, finishing, and inspection. Each table requires 12 hours of assembly, 20 hours of finishing, and 2 hours of inspection. Each chair requires 4 hours of assembly, 16 hours of finishing, and 3 hours of inspection. The profit per table is $150 while the profit per chair is $100. Currently, each week there are 300 hours of assembly time available, 220 hours of finishing time, and 30 hours of inspection time. To keep a balance, the number of chairs produced should be at least twice the number of tables. Also, the number of chairs cannot exceed 6 times the number of tables. Formulate this as a linear programming problem. Carefully define all decision variables. Find the solution.
Discuss the building blocks of competitive advantage and the role a manager should play in achieving this advantage.
In light of the various theories of Strategic Management and Competition touched on in this course (e.g., the Resource Model of the Firm, internal/external analysis, SWOT, Value Ch
The earnings, dividends, and common stock price of Carpetto Technologies Inc. are expected to grow at 8% per year in the future. Carpetto's common stock sells for $27.75 per share,
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Your company invests $50,000 today at an annual interest rate of 4.00%. The interest is compounded quarterly. Calculate the first quarter interest, the total annual interest and th
What are the characteristics of just in time philosophy? Characteristics of JIT philosophy: a. Closer relations along with suppliers maintained b. Smaller and extra fr
How would an OD (organizational practitioner) attempt to change an organizations culture?
In a 1-2 page paper with a graphic as an appendix, identify a supply network and evaluate the importance of operations management in moving this product through the supply chain to
Last month, Steven Smith was hired as the secretary for lawyer Wayne Wright, who has a drinking problem. Wayne's last secretary quit when Wayne tried to get her to go out with him
1. The chapter mentions the theory of transaction cost analysis (TCA). What role does TCA play in the decision to use a company sales force rather than independent manufacturers' a
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