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The Stone Company produces three sizes of window fans: small, medium, and large. The manager has formulated an LP model for fan production: maximize 6 x1 + 8 x2 + 5 x3 (profit) subject to Labor 3 x1 + 4 x2 + 5 x3 ? 160 hours Metal 1 x1 + 2 x2 + 3 x3 ? 100 pounds Plastic 2 x1 + 2 x2 + 2 x3 ? 110 pounds Large fan x3 3 ? 18 x1, x2, x3 ? 0 Briefly explain or define each of these parts of the model: d. The terms labor, metal, and plastic
How is anticipating a material requirement or need through purchasing's involvement on a new-product development team different from reacting to a purchase need?
What are the advantages of holding inventory control systems? Advantages of holding inventory control Systems: a. Discounts for bulk buying for example, order higher volumes
Vertically Integrated or Virtual Organisation An organisation might decide not to source goods or services externally but to own the supplier company itself. For instance a
An industrial machine tools manufacturer supplies replacement parts from its inventory. For a particular part, the annual demand is expected to be 750 units. Machine setup costs ar
When is the ordering cost decreased? Ordering cost falls while the size of order increases. It is because when the size of order raises for the similar quantity of inventory pu
"Free Speech or False Advertising" Please respond to the following: •From the case study, determine if Nike engaged in commercial speech, or if its statements were political or soc
An element of work has been measured 6 times, with the following results (units of 0.01 minutes): 18, 20, 19, 21, 19, 22. What should be the full-study sample size?
Generic Operational Strategies - Operation Strategy Porter (1985) presented five basic generic strategies for business: 1. Cost efficiency - low cost leadership strategy
Please give a detailed explanation for the answer for the following scenario: As the manager of a plant, you have seen production increase by 20% over the past year, but you have a
Create a worst-case scenario for a project lacking a time-phrase baseline. Also discuss if you were ever in such a situation, the outcomes of the situation and what you learned. Th
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