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Up, up, and away is a producer of kites and wind socks. Relevant data on a bottleneck operation in the shop for the upcoming fiscal year are given in the following table: Item Kites Wind socks Demand forecast 30,000 units/year 12,000 units/year Lot size 20 units 70 units Standard processing time 0.3 hrs/unit 1.0 hr/unit Standard setup time 3.0 hrs/lot 4.0 hrs/lot The shop works 2 shifts per day, 8 hours per shift, 200 days per year. Currently, the company operates four machines, and desires a 25 percent capacity cushion. How many machines should be purchased to meet the upcoming year's demand without resorting to any short-term capacity solution?
Define the periodic inventory control systems. Periodic (or bin) Inventory Control Systems: Stock levels are reviewed at pre-found intervals of time and an order is posit
Identify a real-life example or application of either the binomial or Poisson distribution. Specify how the conditions for that distribution are met. Suggest reasonable values for
Explain the financial flexibility workforce. Financial flexibility can be accomplished by performance associated pay systems for illustration when production staff are paid
Rules of the IRS and department of labor determine which workers quailfy as indenpendent contractor?
Discuss the importance of collecting information about competitors? Distinguish between ethical and unethical methods of gathering competitive intelligence.
A company is considering whether to replace a machine. The old machine costs $90,000 and is being depreciated at 10% per annum using the straight line method. It is written down va
Discuss what you would/could do as a manager, or what you have experienced, to create 3 different "orange splats" or emotional episodes at work that are low cost with high emotion
Harley Davidson sells motorcycle X and Y. Motorcycle X sells for $10,000, has variable cost (labour and material) of $2,000, and requires 10 hours of use of machinery to produce. M
Cost management processes are involved in estimating, budgeting and controlling costs so that the project can be completed within the approved budget.
"...incorporation is no longer the special privilege it once was". Discuss this statement. Does it have any impact on businesses (those not incorporated?)
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