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A supplier to Toyota stamps out parts using a press. Changing a part type requires the supplier to change the die on the press. This changeover currently takes four hours. The supplier estimates that each hour spent on the changeover costs $262. Demand for parts is 1093 per month. Each part costs the supplier $99, and the supplier incurs an annual holding cost of 24%.
Determine the optimal production batch size for the supplier.
Toyota would like the supplier to reduce their batch size by a factor of four; that is, if the supplier currently produces Q parts per batch, Toyota would like them to produce Q/4 parts per batch. What should the new setup cost?
Suppose your firm purchases a $4 per unit part from a supplier. Your firm uses the part to assemble red widgets. On average, you use 50,000 units of this part each year. How many parts should you purchase each time you place an order (i.e., what is t..
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cooper mills is a company that accomplished one of the greatest success stories of our time. the company which began in
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Unionization of a workplace can considerably affect how employers interact with employees. It can also affect HR management. For this assignment, imagine a large company whose employees are not unionized has just hired you as HR manager. A list of re..
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