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A pension fund has accumulated $1 million in a retirement plan for James B. Smith, who retired this month at age 65. If Mr. Smith has a life expectancy of 75 years, what is the minimum size of the annual annuity check the pension plan will be able to send him each year (assuming that the value of the pension funds' investments remains stable)? Should he insist on receiving that size payment each year? Why or why not? What other kinds of information would be helpful in analyzing Mr. Smiths financial situation at retirement?
Importance of Layout 1. Economic in Handling : Nearly 30 per cent to 40 per cent of the manufacturing costs in accounted for by materials handling. Every effort should ther
discuss the evolution of operations management in the last 10 years
ABC Co manufactures a subcomponent at the rate of 400 per day when required. Its annual demand for this item is 50000 unites. Assume 250 working days per year. Holding cost is $10
How do marketers position and differentiate their company's products/services relative to competition?
Sarahs house caught on fire. Sarah called her neighbour, Odessa, and asked her to help put the fire out. Sarah promised to pay Odessa, $1000. Through the prompt assistance of her n
Reflecting back on our readings about entrepreneurship in, would you consider someone who buys a franchise to be an entrepreneur?
1. Examine the flow process chart in the figure and try to develop an improved method for the future, taking advantage of the technologies becoming available. Answer: There are
1. A workstation must produce 400 units an hour. It takes 24 minutes to receive the necessary material for production from the previous workstation. Output is moved between worksta
Merits of Continuous or Flow Production 1.The direct labor content will be reduced since the comprehensive pre planning which is necessary will often produce economies in time.
define the following key terms in product layout: a) Product interval time b) Product duration (throughput time) c) Assembly line balancing
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