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If unit 1 requires 200 hours to produce and the labor records for an air force contract of 50 units indicates an average labor content of 63.1 hours per unit, what is the learning rate? What total additional number of labor hours would be required for a follow on air force contract of 50 units? What would be the average labor content of this second labor contract? Of both contracts combined? If labor costs the vendor $10/hour on the second contract and the price to the air force is fixed at $550 per unit, what can you say about the profitability of the first and second contracts, and hence the bidding process in general?
Profit contributions are $6 per bunch of roses and $8 per bunch of carnations. Formulate this problem as a linear programming problem.
An organization decides to implement the Kaizen process for improving the security for access to and from the organization building. Select two of the following components of the Kaizen process and discuss how they are necessary for improving the ..
Some have argued the Six Sigma programs are merely repackaged versions of older quality improvement programs that originally accompanied TQM initiatives in the 1980s
Disney entered Europe with several incorrect assumptions and poor research. Identify the problems that arose and how Disney should adjust for the immediate situation
The first unit took 85 hrs to produce. Depend on past experience with manufacturing similar units, Cambridge estimates that the learning rate is 93 percent. Elucidate how long will it take to produce the 5th unit.
Owner-manager hopes to improve scheduling of part-time employees by determining seasonal relatives for each of se days. Data on recent traffic at center have been tabulated also are shown in subsequent table.
How many dozen may be made between 8:00 am and 3:00 pm if only the available equipment is used? What are potential "hot spots" or problems with this process? What are potential solutions?
There are 360 working days per year and the lead-time is 5 days. If Mark orders 200 units each time he places an order, what would his total ordering cost be for the year?
Welch Business is considering 3 independent projects, each of which requires $5 million investment. Approximated internal rate of return IRR and cost of capital for se projects are presented below. Illustrate what will its payout ratio be.
Samuelsson Industries can produce its own motors for a $60,000 fixed monthly cost and a $50 variable cost per unit. Illustrate what option should be chosen if monthly demand is 1200 units.
In recognition of the post purchase role of promotion, what strategies would you suggest for: (a) a busy hospital emergency room, (b) an executive fitness program taht provides health screening
Illustrate what is objectivity also subjectivity. Elucidate how can a manager minimise subjectivity in her/his decision making. Elucidate how can a manager improve her/his decision making skills.
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