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A firm has redesigned its production process - it now takes 10 hours for a unit to be made (flow time or throughput time), whereas earlier it took 15 hours. If the process completes one unit per hour on average (the same now and earlier), and each unit is worth $1,500 (on average, from input to finished good stages), what is the reduction in work-in-process value (in dollars)?
Suppose you have an employee whose lack of commitment is affecting others in the work group. How would you go about persuading the person to change this attitude?
Give your opinion on whether being an effective critical thinker makes decision making easier or more challenging. Justify your response. Consider the following statement: “The major difference between a successful person and one that is not successf..
What is the definition of a project stakeholder? Why do you think it is critical to manage stakeholder relationships and how is this connected to project control?
What benefits exist in using linear programming for production scheduling problems? Provide an example and discuss your opinion.? What are at least the two important relationships of an inventory system (EOQ) you need to recognize in order to apply t..
How can a decision maker identify strategic factors in the corporation's external environment? How will you do this in your case analysis? What is the relevance of the resource-based view of a firm to strategic management in a global environment?
The soy milk is now bottled and flows out of the productions plant at a constant rate of 150lb/hr .The bottles each contains 0.5lbs soy equivalent of milk and all flow into a packaging facility annexed to the plant where they are shipped to clients a..
Alternative One reduces wasted motion (walking) to 1% of total labor used on the assembly line. Physical lifting is reduced to no more then 12 pounds. Six people will be required on the assembly line. Productivity in finished goods per 8-hour shif..
Everett Company chartered a ship for two years and agreed to make monthly payments of $25,000 to Michaels, the owner of the ship. Every month Everett wired a telex message to his bank to transfer the monthly payment to Michaels. Who wins? Why? Was th..
The annual demand for a product is 180,000 units with a daily standard deviation of demand of 90. The cost to place an order is $750 and holding one unit in inventory costs $15 a year. Lead time is 4 days. A 90% cycle service level is being used. The..
Every business encounters situations where decisions made by another party—or changes in consumer demand—affect the livelihood of the company. In this discussion, consider how a decision made by another party could affect the company for which you wo..
Discuss with your team your approved administration Topic Chosen (Bullying)issue that is of concern to the public. Consider a communication plan - including any possible barriers. Ways in which stakeholders affect communication(Bullying) No Intro / C..
A manufacturer of computer chips has a computer hardware company as its largest customer. The computer hardware company requires all of its chips to meet specifications of 1.2 cm. Based on the production run from last month, a 95% confidence interval..
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