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The business section of the International Herald Tribune carried a story with the headline "Hark! The Herald Angels Sing of Teleconference," (Peter H. Lewis, New York Times Service). The story described how video teleconferencing - two way telecasts is gaining popularity with businesses. Indeed, it was reported that some firms are regarding teleconferencing as an effective substitute for in-person conferences. And the cost has been declining to the point where it is comparable to "having four or five executives jump on a plane to go to a common point."
Your boss asked you to evaluate teleconferencing as an alternative to the six global conferences the firm is currently holding each year. In his instruction to you, he said that "it looks like we might be able to realize substantial savings without reducing the impact of the conference."
Set up a detailed plan for solving this optimization problem. In your plan, clearly indicate if this problem be treated as a constrained or unconstrained optimization problem? Why? Using the marginal analysis approach how would you develop and execute your plan. Please indicate the all the factors that you would incorporate to identify the direct and indirect benefits and costs, and eventually the optimal net benefits.
What is "order fulfillment" and "Order to payment" difference in manufacturing industry?
What are the basic functions of supply chain management?
what are the draw backs in the adoption of the materials requirement planning system
A proactive strategic procurement operation can give the organisation it represents a competitive advantage by reducing waste in the value chain. Purchasing strategies, however, ca
explain the major inputs into the Material Requirement Planning system
Question 1: (a) You are required to identify the dimensions you would use to evaluate the quality of a product (b) You are required to identify the dimensions you would u
The evolution of Quality in projects began with Inspection. Inspection involves measuring, examining, testing products, processes and services against specified requirem
Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $ 5 each and used at the rate of 240,000 units per year. Components pu
diagram
Elucidate the purchasing process in large organizations? 1. Request to purchase/requisition 2. Supplier selection 3. Purchase order 4. Fulfillment 5. Goods rece
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