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For the scenario provided, calculate the two costs of two different strategies: a. level annual production with inventory and stock out b. matching or chasing demand
Scenario: The Sherman-Brown Chemical Company is in the process of developing an aggregate capacity plan for next year. Two alternative plans are being considered, level capacity with inventory and matching demand. For each of the plans, determine the incremental cost of the plan compared to the alternate plan (the level capacity versus the matching demand). Assume that there are 234 workers currently employed at the beginning of Quarter 1, and that the beginning inventory is zero. In addition, assume that it takes 2.311 production hours to produce one gallon of paint. During a quarter, each worker works 65 days and 8 hours per day. The cost to hire a worker is $250 and the cost to layoff a worker is $300. Also, the carrying cost for a gallon of paint is $5 per year. The cost of a stockout is $25 per gallon. The labor rate is $20 per hour. Demand is as follows: Quarter 1: 40,000 gallons Quarter 2: 55,000 gallons Quarter 3: 52,500 gallons Quarter 4: 57,000 gallons
Design a knowledge application system to support your business needs. Describe the type of system and the foundation technologies that you would use to develop such system. What are some of the intelligent technologies that enable those systems?
Alyssas Custom cakes currently sells 4 birthday, 1 wedding and 2 specialty cakes each month for $55, $155, and $105 each, respectively. Alyssas current multifactor productivity ratio is 1.35.
Josh and Kyle work together on various projects at work. Kelsey works with them occasionally. Alex, Kaleb, and Jesse have worked for the company for approximately 25 years. They tend to have a lot of organizational history and knowledge. Identify who..
With examples describe two important employee attitudes. In your answer be sure to explain why those attitudes are important. Managers have the ability to shape employee behaviors. Let’s say you have a female employee who dresses inappropriately for ..
One of the follower characteristics in path-goal theory is perception of ability. As perception of ability goes up, directive leadership should go down. Why is this? And what is the effect on the follower if directive leadership continues to be used?
In the following schedule, what is the total amount of uncommitted inventory that the company can promise to new customer requests for the month of June?
What process would you recommend that your company use for deciding if this is the right time to invest in operations in Russia?
Who needs to be involved in inventory decisions involving holding costs? Setting inventory levels? Quantity discount purchases? How has technology aided inventory management?
Retail department stores should expand their websites in a fashion that caters to e-commerce customers. This will allow them to expand their profit pools and allow them to sell their products globally. And also Specialty retailers will survive the e-..
Dr. Karl Ware is a Professor of Business Law at DeVry/ Keller University and has recruited "30" Florida Residents and Prelaw Students from "3" Florida Historically Black Colleges and Universities (HBCUs) to get GPA, Veteran Status, Major, Demographic..
Russell Smith - design specialist. Russell is in the same role as the person leaving but for a different product line. Russell is new to the company; however, he has been involved in creating a similar product at a prior company but in a more juni..
What is the triple bottom line? [1] How should international businesses balance these three components? [2] Is the balance point the same for all businesses? Use examples to prove your point.
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