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The local operations manager for the IRS must decide whether to hire 1, 2, or 3 temporary workers. He estimates that net revenues will vary with how well taxpayers comply with the new tax code. The following pay table is given in thousands of dollars (e.g. 50 - $50,000). The # of workers are 1, 2, 3, the respective payoff for low compliance are 50, 100 and 150, for medium compliance are 50, 60, 70, and for high compliance 50, 20 and -10. If he thinks the chance of low, medium, and high compliance are 20%, 30% and 50% respectively, what is the expected value of perfect information? Note: Please express your answer as a whole number in thousands of dollars (e.g. 50 = $50,000).
A time standard was set at 0.20 hour per unit based on the 50th unit produced. If the task has a 90% learning curve Illustrate what would be the expected time of the 100th, 200th also 400th unit.
Suppose the machinability criterion was the cutting speed for a 10 min tool life. Compute the machinability rating for this case. What do the results of the two calculations show about the difficulties in machinability measurement?
An enterprising student has set up an internship clearinghouse for business students. Each student who uses the service fills out a form and lists up to 10 companies that he or she would like to have contacted.
Calculate the return (in Percent) for each value of b. (note: you may just calculate the totaal return and not worry about how this split between current yield and capital- gains yield)
Distinguish between a minimization and maximization LP model. How do you know which of these to use for any given problem?
Limited boasts which it can go from concept for a new garment to store shelf in 1,000 hours. Compare also contrast implications for supply chain design for these two retail systems.
Examine the ways in which the obligations, ideals, and effects that you have outlines might conflict with one another, and propose how you would resolve those conflicts.
Identify one of the three levels of management [Strategic, Middle or first line (operational) manager]. Identify the employee at the corresponding level of management. Specify how the four management functions are related to that management level
A manufacturing shop is designed to operate most efficiently at an output of 550 units per day. In the past month the plant produced 490 units. What was its capacity utilization rate last month?
You have to select a organization of your choice, and after that you have to write down an Operational Plan which addresses the following
The standard deviation of lead time is 1.5 days. Assume 260 days in the year and an average lead-time of 6 days. Illustrate what is the EOQ.
Illustrates what is the maximum number of applications per hour which can be handles by the present configuration of the process.
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