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The Wallace Stationery Company purchases paper from the Seaboard Paper Company. Wallace produces stationery that require 1,415,000 sq. yards of stationery per year. The cost per order for the company is $2,200; the cost of holding 1 yard of paper in inventory is $0.08 per year. Determine the following:
Economic order quantityMinimum total annual costOptimal number of orders per yearOptimal time between orders
The Colonial House Furniture Company manufactures two-drawer oak file cabinets that are sold unassembled through catalogues. The company initiates production of 150 cabinet packages each week. The percentage of good-quality cabinets averages 83% per week, and the percentage of poor-quality cabinets that can be reworked is 60%.
Determine the weekly product yield of file cabinets.
If the company desires a product yield of 145 units per week, what increase in the percentage of good-quality products must result?
Assuming which no ships are in harbour at time 0,run simulation for 90 days also compute minimum, maximum, also average time which ships are in harbour (which includes their time in berth). Also estimate expected utilization of each berth also of ..
Assume a software producer is about to release a new version of its popular software. Illustrate what information do you think it would take into account in forecasting initial sales.
Suppose Park Hyatt wishes to maximize expected profit rather than expected revenue. Illustrate what is optimal protection level for full fare.
Each mattress produce price $20; each box spring price $24. Formulate this problem so as to minimize total production price. Solve using the simple method.
Why do you think IKEA's expansion into Europe went so well? Why did the company subsequently stumble into North America? What lessons did IKEA learn from this experience? How is the company applying these lessons?
Illustrates what 2 issues should be considered in combination in order to enhance the likelihood of ethical decision in the realm of product design.
Adopting an ERP (Enterprise Resource Planning) system is a key business as well as a technology decision. Why would a company want to adopt ERP?
Articulate key aspects of operations management. Explain why operations management is important to managers in various organizational areas. Please provide specific examples
Describe Mary's optimal decision strategy also its possible consequences utilizing the decision tree below. Do not forget to discuss the risks associated with the optimal decision strategy.
What is the probability that Lynn will have more than $1 million in her retirement fund when she reaches age 60?(psitarget(f35,1000000))
Computes the multifactor productivity measure for every of the weeks shown for production of chocolate bars. Elucidate what does the productivity figure suggest. Suppose 40hour weeks also an hourly wage of R12.
Why is the idea of a ‘line of fit' such a useful concept in explaining describes how an operations strategy can be implemented successfully.
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