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Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,800; winter, 7,500; spring, 6,500; summer, 12,800. Inventory at the beginning of fall is 540 units. At the beginning of fall, you have 35 workers. It is not possible to hire any additional workers until next Summer, at which time temporary workers will be hired at the beginning of Summer and laid off at the end of Summer. Therefore, no hiring or laying off is possible in the Fall, Winter or Spring. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring only if overtime is necessary to prevent stockouts at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $100 for each temp; layoff, $200 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season. (Round up number of workers to the next whole number and the rest of your values to the nearest whole number. Negative values should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required.)
From the video the fruit guys, determine the Fruit Guys business strategy. Identify three other businesses that could use the five questions the Fruit Guys used to determine effectiveness.
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What is the citation for "An effective public health system that can assure the nation’s health requires the collaborative efforts of a complex network of people and organizations in the public and private sectors, as well as an alignment of policy a..
Is it worth the time and effort for a sport organization to implement procedures tomanage the risk of an incident such as a lightning strike where the likelihood of death orinjury is low but the potential severity of injury is high? Why
Discuss due diligence when deciding on a pool of vendors. List and discuss five criteria that a customer would be interested in and why these criteria are important in the decision making process.
Construct a time series plot. What type of pattern exists in the data? What is the forecast of the percentage of stocks in a typical portfolio for the second quarter of 2009?
McDonalds traditional process to make-to-stock; Wendy's has a make-to-order and burger king has a process which is a hybrid of the other two. Discuss the advantages and disadvantages of each of these approaches.
Describe why it's becoming increasingly important to view information systems and technology from a socio-technical aspect.
Determine the critical path and the expected project completion time
suppose you are working on a project to develop an enterprise resource planning erp interface for the operations
An automatic filling machine is used to fill 1-liter bottles of cola. The machine’s output is approximately normal with a mean of .91 liter and a standard deviation of .01 liter. Output is monitored using means of samples of 30 observations. Use Tabl..
ABC sells no-spill syrup in bottles. Management is evaluating four different machines with standard deviations of .006, .01, .022, and .04 ounces for Machines A, B, C, and D, respectively. The specification limit is s 11.95 and 12.05 ounces. Which ma..
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