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(EOQ model) Division X is growing and is in constant need of trained employees. The demand rate for trained employees is relatively constant at 5 each month. The division can run a training program that costs $5,000 per offering regardless of class size. Students graduate with a certificate and a $100/week pay raise. The raise is operative even if they attended the training before the new job is open and they continue with their old job (until they are reassigned to a higher-skilled position). What class size is optimal and how many classes should be offered every year? [Hint: You need not consider anybody%u2019s salary or career after they take their higher-skilled job.]
Dinoco produces three types of oil products: domestic oil, petrol for car and aviation fuel. Each product must meet the minimum average octane regulation. The average octane levels
Develop an EFE (External Factor Evaluation) Matrix for McDonald's Corporation.
Explain why IT is both a business pressure and an enabler of response activities that counter business pressures?
Relation of Process Design to Types of Process Flow There is a definite relationship between the production process and process flow. For continuous manufacturing the methods an
Consider the following two-person zero-sum game. Assume the two players have the same two strategy options. The payoff table shows the gains for Player A. Player B
1. What factors enter into the choice of a value for the smoothing constant in exponential smoothing? 2. Name at least 3 competitive advantages of concurrent engineering? 3.
Prob: The 21st Century Studios is about to begin the production of its most important (and most expensive) movie of the year accepted#
Explain why it is important to carry out a rough-cut capacity planning check on critical resources before proceeding with the development of the final master production schedule
What is Customer Relationship Management?
Explain inventory control. Inventory Control - its importance and scope: Inventory control is the scientific way of finding out how much stock be maintained so as to meet the
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